Category: News

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 […]

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 […]

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 […]

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 […]

TBI Bank, a leading challenger bank in Southeastern Europe, has announced the reinvestment of its entire consolidated net profit of €42.5 million for 2023. This decision follows the approval from the Bulgarian National Bank at the end of 2023 to capitalize the first half of the year’s profit, with shareholders now opting to reinvest the […]

Partners Financial Services (PFS), a Czech company, has acquired a 32.89% stake in Transilvania Broker de Asigurări, one of Romania’s largest insurance brokerage companies. This acquisition, valued at over 6 million euros, positions PFS as the largest shareholder of Transilvania Broker de Asigurări. The move is part of PFS’s expansion strategy, following its entries into […]

The French real estate group Catinvest has announced a significant investment of €36 million (178 million lei) to expand the ElectroPutere Parc in Craiova. This development will strengthen the center’s position as the premier shopping destination in Oltenia, with over 100,000 square meters of retail space. Catinvest’s expansion includes the opening of a new Leroy […]

The Body of Expert and Licensed Accountants of Romania (CECCAR) will celebrate the 20th edition of the National Day of the Romanian Accountant on July 13, 2024. This important event highlights the crucial role of accounting in driving business success and national economic growth, building on centuries of accounting tradition in Romania. This year’s celebrations, […]

Schneider Electric has strengthened its management team by appointing Mihai Kis as the new Sales Director for Distributors in Romania, Moldova, and Armenia. This strategic appointment is poised to drive future growth, create new jobs, and attract foreign investment in the region. Mihai Kis, a graduate of the Technical University of Cluj-Napoca with over 22 […]

Apa Nova București, the city’s water supply and sewerage service provider, has published its 2023 Sustainability Report, highlighting significant achievements in environmental protection and sustainable development. Key milestones include a reduction of CO₂ emissions by 623 tons, primarily through the implementation of photovoltaic panels, and an increase in the share of renewable energy sources to […]