Category: News

CBRE Romania is expanding its influence in the commercial real estate sector by intensifying its commitment to ESG and sustainability. Through a new strategic partnership with Access4you, CBRE Romania will enhance its efforts to create more inclusive and accessible spaces for people with disabilities. Access4you is a Hungarian company known for its expertise in building […]

Nala Renewables has secured a €214 million financing package from Banca Comercială Română (BCR) and Erste Group for the acquisition and development of a 99.2 MW onshore wind project. This financing underscores the growing focus on renewable energy investments and the strategic role these projects play in the region’s energy landscape. The wind farm, set […]

AFI Europe, a prominent real estate developer in Central and Eastern Europe, has purchased the myhive Victoriei office building from the Austrian group IMMOFINANZ. The transaction, valued at approximately €27 million, was facilitated by Colliers and Cushman & Wakefield Echinox. This acquisition aligns with AFI Europe’s strategic expansion in Romania, where it plans to transform […]

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 […]