Garanti BBVA Leasing Secures €10 Million Loan from EBRD for SME Development
Garanti BBVA Leasing, part of the Garanti BBVA Group Romania, has secured a €10 million loan from the European Bank for Reconstruction and Development (EBRD) to bolster the growth of small and medium-sized enterprises (SMEs) in Romania. This financing will enable Garanti BBVA Leasing to offer SMEs and micro-enterprises access to favorable leasing products for […]
CEC Bank Finances New Oncology Hospital in Mureș with 1.126 Billion Lei
CEC Bank has contributed 1.126 billion lei in credit to support the construction of the recently inaugurated Medex Oncology Hospital in Sângeorgiu de Mureș. This significant investment underscores CEC Bank’s commitment to community development and enhancing the national healthcare system. “The financing of this new investment reaffirms CEC Bank’s mission to support both economic and […]
EIT InnoEnergy Raises €140 Million with New Strategic Investors OMV, OMV Petrom, and ACB Participaties B.V.
EIT InnoEnergy, a leading force in sustainable energy innovation, has successfully completed a €140 million private placement round, welcoming new investors OMV, OMV Petrom, and ACB Participaties B.V. These additions are set to bolster EIT InnoEnergy’s impact across Europe and the U.S. The private placement significantly expands EIT InnoEnergy’s capital base, enhancing its ability to […]
Romanian Tech Startup .lumen Raises €1 Million in One Day
Romanian startup .lumen, which focuses on improving mobility for the visually impaired, has successfully raised €5 million in a funding round, including €1 million secured within a single day from private European investors through the SeedBlink platform. On July 16, over 600 investors gathered to hear Cornel Amariei, CEO and founder of .lumen, present the […]
Danone România Appoints Oana Bejan as Country Topline Unit Leader
Danone România has announced a strategic organizational change with the appointment of Oana Bejan as the new Country Topline Unit Leader, effective from June. Bejan, who brings over 18 years of experience in the FMCG sector, will be responsible for overseeing the company’s commercial operations, leveraging her extensive background in both retail and production to […]
Apa Nova București Invests €975,000 in Floreasca Emergency Hospital
Apa Nova București (ANB), the water supply and sewage service provider for the Municipality of Bucharest, has announced a significant investment of €975,000 in the rehabilitation of the Surgery II Wing of the Floreasca Emergency Hospital. This initiative follows the company’s previous efforts, including a €500,000 project in 2022 to modernize a post-operative room. The […]
Gebrüder Weiss Celebrates 30 Years in Romania with €94 Million Revenue in 2023
International logistics and transport company Gebrüder Weiss is celebrating 30 years of operations in Romania, marking a significant milestone since its establishment as a small freight forwarding agency in 1994. Over three decades, the company has grown to become a leading provider of comprehensive logistics services in the country, with investments totaling €90 million in […]
Romanian Trading Companies Complete Over 660 Million Euros in International Transfers in H1 2024
In the first half of 2024, Romanian trading companies have successfully completed international transfers totaling over 660 million euros, as reported by iBanFirst, a global provider of foreign exchange and international payments for businesses. This milestone represents a remarkable 203% increase in international payment volumes compared to the same period last year. This significant growth […]
PepsiCo Opens $33.5 Million Energy Autonomous Automated Warehouse in Popești-Leordeni
PepsiCo, one of the leading food and beverage companies, has inaugurated a state-of-the-art automated warehouse at its snacks factory in Popești-Leordeni. This development is part of a larger strategic investment project totaling over $100 million. Initially announced in 2022, the comprehensive investment plan includes the addition of three operational production lines at the snacks factory […]
Schneider Electric Helps Reduce CO2 Emissions by 553 Million Tons Since 2018, Named World’s Most Sustainable Company
Schneider Electric has been recognized as the world’s most sustainable company for 2024 by Time magazine and Statista. This accolade highlights Schneider Electric’s significant achievements, including helping to reduce 553 million tons of CO2 emissions since 2018, and its commitment to energy efficiency and sustainability. Time and Statista employed a transparent, multi-stage methodology to identify […]