Category: News

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 […]

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 […]

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 […]

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, 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 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 […]