Category: News

NN has announced strong financial results for the first half of 2024, achieving a gross profit of nearly 61 million lei and making substantial payouts exceeding 575 million lei to its clients. This represents a significant increase of almost 30% compared to the same period last year, underscoring the company’s robust financial performance and its […]

Flanco, one of Romania’s leading electronics and home appliances retailers, achieved sales of 650 million lei in the first seven months of 2024, marking a 14% increase compared to the same period last year. This growth significantly outpaces the overall market for electro-IT products in Romania, which grew by approximately 9% during the same period. […]

PPC Group has finalized an agreement with Macquarie Asset Management’s Evryo Group to acquire a substantial renewable energy portfolio in Romania. The portfolio includes 629 MW of operational renewable energy assets and an additional 145 MW in pipeline projects, marking one of the largest transactions in Romania’s green energy sector. The total enterprise value of […]

The European Bank for Reconstruction and Development (EBRD) and Eiffel Investment Group have announced a substantial investment of €244 million to fund the construction of a new solar power plant in Romania. The financing will be provided equally by both entities, with each contributing €122 million to INVL Renewable Energy Fund I, a fund managed […]

AVBS Broker de Credite, one of Romania’s leading credit brokerage firms, has announced a significant growth in its mortgage loan portfolio, with a total of €32 million granted in the first six months of 2024. This marks a 60% increase compared to the same period in 2023, when the company facilitated €20 million in mortgage […]

Banca Comercială Română (BCR) has achieved a significant milestone in its digital transformation journey, with nearly 100% of its loans and deposits being processed through digital channels in the first half of 2024. This unprecedented level of digital engagement marks a major shift in Romania’s banking landscape, positioning BCR at the forefront of the industry’s […]

Metropolitan Life, a key player in Romania’s life insurance market, announced a significant 24% increase in gross written premiums for the first quarter of 2024. The company reported gross premiums totaling 193.8 million lei, up from 155.9 million lei during the same period in 2023. The remarkable growth underscores Metropolitan Life’s commitment to delivering financial […]

Christian Klein – CEO SAP SAP has announced its financial results for the second quarter of fiscal year 2024, showing notable growth and surpassing analyst expectations. The company’s total revenue reached €8,29 billion, a 10% increase compared to the same quarter last year, exceeding the consensus estimate of €8,25 billion. The accelerated growth in the […]

Red Point Software Solutions, the only SAP Platinum Partner in Romania, has acquired Ness Technologies Ro, a division of the globally active Ness Digital Engineering. This acquisition is part of Red Point’s strategic plan to implement SAP solutions in the cloud, aiming to strengthen its position in the local market by increasing the number of […]

Saint-Gobain Romania has successfully launched its second gypsum board production line in Turda, marking a significant milestone with an investment exceeding €50 million. The new production line celebrates the 30th anniversary of Saint-Gobain Rigips’ presence and innovation in the Romanian construction materials industry. The state-of-the-art production line spans approximately 14,000 square meters and features advanced […]