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GSK sold Ferrosan Cluj-Napoca, its last factory in Romania

GSK sold Ferrosan Cluj-Napoca plant to Hexagon Retail Properties, a group involved in real estate and retail projects in Romania.The construction of the factory was completed in 2015. The...

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Revolut Romanian users generated over 107 million transactions in 2021

Last year, Revolut customers in Romania spent the most on shopping, around 20% of the total volume of transactions.Groceries and supermarkets (15%), entertainment (14.7%), followed.The largest budget increases were...

XVision gets EUR 1 million in a new round of funding

XVision, a medical platform based on artificial intelligence algorithms, gets 1 million euros in a round of seed funding.This is the second round of financing obtained by XVision. The platform...

DRUID AI leased new office space at Opera Center Bucharest

DRUID AI’s new office is located on the building’s 6th floor of Opera Center and measures approximately 600 square meters.Opera Center I comprises around 11,900 sq m of modern...

Vegis.ro sold over 5 million natural and organic products in 10 years

Vegis.ro, an online store with natural and organic products, had over 320,000 customers, 680,000 orders and sold 5 million products in 10 years.The average order has increased since 2012...

2021, the best year in the last 15 for the Romanian land market

The volume of transactions with land dedicated exclusively for residential and commercial projects (office, retail, hotel) saw last year its highest value since 2007.Bucharest still attracted the lion’s share...
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Garanti BBVA to finance building 2 of The Ivy project in Northern Bucharest

Speedwell has signed a top up financing agreement with Garanti BBVA with the purpose to finance the second building of The Ivy project for a total loan amount of...

Paval Holding buys Dacia One office project in central Bucharest

Paval Holding, the owner of the largest local DIY retailer, Dedeman, bought Dacia One office project, developed by ATENOR, in a EUR 50 million deal.It is the third office...

Publicis Groupe acquires Romanian software company Tremend

Publicis Groupe announced the acquisition of Tremend, a Romanian independent software engineering company.Based in Bucharest, Romania, Tremend was founded in 2005 by Ioan Cocan and Marius Hanganu, and...

Romanian Millennials and earliest Gen Zs prefer working remotely

Six out of ten (60%) Romanian Millennials and earliest members of Gen Z prefer a working arrangement that allows them to work from various locations.This trend is also seen...

OTP Bank to increase the share capital for the second time this year

OTP Bank Romania announces it´s second share capital increase this year, this time with more than 200 million lei.Thus, General Shareholders Meeting held on December 15, 2021, approved the...

Fairo, the financial app for freelancers, is now available for some SRLs

Fairo, the financial app for freelancers, is now also available, for free, for sole owner SRLs with up to one employee.Fairo customers can create professional invoices in 60 seconds,...

Lactag to reach a processing capacity of 4.5 million liters of milk per month

Lactag wants to reach a processing capacity of 4.5 million liters of milk per month during 2022, three times more than at present.The company will invest in a new...

Farmec recorded sales of over 2 million lei for Black Friday 2021

Farmec consumers made purchases worth 2.1 million lei during Black Friday campaign, 71% of which were registered online.In total, Farmec sold 74,000 products during the campaign period, both online...

Speedwell buys a 9-hectare land plot close to Bucharest North railway station

Real estate developer Speedwell signed a Promissory Sales Purchase Agreement for a 9-hectare land plot in Bucharest.The company plans to use it for a major mixed-use ensemble, combining leisure,...

Akcent Development to invest 75 million euros in a new residential project

Akcent Development launched a new residential project in Bucharest, Akcent City, with 810 apartments, an investment of approximately 75 million euros.The project will be developed in the Bucureștii Noi...

Banca Transilvania to finance Phase 2 and 3 of the Triama Residence project

Speedwell has signed a new financing agreement with Banca Transilvania and received an 8-million-euro loan for Phase 2 and 3 of the Triama Residence project.Construction works for the second...

Instant Factoring attracts new external financing of 6.3 million euros

Instant Factoring concludes a new round of external financing of 6.3 million euros, raising the total volume of available capital to 12 million euros.This round of financing represents capital...

Farmacia Tei tops KPMG Customer Experience Excellence for 2021

A new report released today by KPMG in Romania reveals that consumers have high standards.Thus, Romanians expect to receive great value for money for the products and services...

Children’s books, the stars at the second edition of Libris online books fair

Over 300,000 Romanians visited LibFest, a book fair organized by Libris.ro between November 24-27.In total, the second edition of the virtual fair attracted 25% more visitors than the previous...

The budget for an individual workplace increased by 30% since the start of pandemic

The average budget allocated per employee in Workspace Studio projects has increased compared to 2019, the year before the pandemic.Thus, organizations invest on average over 2,500 euros /...