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Black Sea Fund names Iulian Portasa, a private equity professional with more than 10 years M&A experience, as Partner

Business Review - 11:52 Oct 06, 2021

Black Sea Fund, an investment fund aiming to accelerate small and medium enterprises in Romania, with a capital of over EUR 43 million, names Iulian Portasa, aged 33, former Senior Deal Advisory at KMPG, as Partner. Iulian will continue to be responsible for the entire investment process, from detailed analyses and preliminary negotiations to leading […]

Tags: Black Sea Fund Iulian Portasa Partner
European premiere: Floresti, a Romanian village in the Cluj county to become the first community beneficiary of Nooka Space proximity offices

Business Review - 11:48 Oct 06, 2021

Following a strategic partnership, the Romanian village of Floresti becomes the first community beneficiary of the Nooka Space proximity offices, in order to assist the citizens who work remotely or in a hybrid system. The Nooka Two office model is available in Floresti, being located in Poligon Park, and can be accessed non-stop by the […]

Tags: Romanian Nooka Space Floresti
New brands added in VIVO! Baia Mare’s portfolio

Business Review - 11:45 Oct 06, 2021

IMMOFINANZ, one of the most important companies active on the Romanian real estate market, announces the signing of several partnerships with famous brands, following the extensive refurbishment process of VIVO! Baia Mare. The new tenant mix includes Hervis Sports, Sport Vision, DeFacto, Kik, Various Brands, Colin’s, Sabrini, TEILOR, English Home, Dr. Green, Nordpharm, La Casa, […]

Tags: Baia Mare VIVO
Miele launches the third generation of Scout RX3 robovac

Business Review - 11:42 Oct 06, 2021

The floor under the dining table is to be cleaned after every meal and the living room vacuumed once a day? Or just drop in remotely to see if everything is OK at home? Neither is a problem for the new Miele Scout RX3. The new generation of robotic vacuum cleaners excels thanks to innovative […]
Thales Accelerates Its ESG Action Plan to Help Build a Safer, Greener, More Inclusive World

Business Review - 10:56 Oct 06, 2021

Yesterday, October 5, Thales received investors and financial analysts for its first Investor Day dedicated to Environmental, Social and Governance (ESG) issues. The Group presented its new roadmap for a low carbon future and explain how its advanced technologies are helping to make the world safer, more environmentally responsible and more inclusive. Chairman and […]
HP Inc. and Padurea Copiilor to team up restoring degraded land in a tree planting initiative

Business Review - 10:43 Oct 06, 2021

HP Inc. announces a partnership with ”Padurea Copiilor” helping communities in the south of Romania, the most exposed area, to cope with climate change with a new tree planting initiative. Now, more than ever, it is vital to create a positive, lasting change for our planet, people and communities. The impact of climate change […]

Tags: Padurea Copiilor
Strong Rebound in 2021 Boosts Economies in Emerging Europe and Central Asia. Romanian economy projected to rebound at 7.3 percent in 2021

Business Review - 10:20 Oct 06, 2021

A surprisingly strong rebound in the first half of this year boosted economic activity in emerging markets and developing countries in the Europe and Central Asia region, with the regional economy now projected to expand by a better-than-expected 5.5 percent in 2021, says the latest edition of the World Bank’s Economic Update for the region, […]

Tags: Central Asia
Ursus Breweries appoints Alina Bulgariu in the executive board

Business Review - 13:20 Oct 05, 2021

Alina Bulgariu is the new Financial Vice President of Ursus Breweries. She joined the executive team starting October 1, 2021. Alina has more than 25 years of experience in the FMCG industry. She started her career with Coca-Cola HBC, where she held various positions in the Finance department. Then, in 2000, she moved to […]

Tags: Ursus Breweries Alina Bulgariu
Bureau Veritas certificates SafeGuard Oltina for Covid-19 prevention measures

Business Review - 13:17 Oct 05, 2021

Last month, Oltina IMPEX PROD COM SRL company obtained the SafeGuard certification, following the audit performed by Bureau Veritas specialists. Through the “Restart your business with Bureau Veritas” solution, it has been certified that the manufacturer complies with national and international best practices and recommendations on the preventive measures applicable against the new type of […]

Tags: Bureau Veritas
Deloitte Romania and Reff & Associates assisted Chimcomplex in obtaining the EUR 90 million funding for refinancing existing loans and for investment

Business Review - 13:12 Oct 05, 2021

A multi-disciplinary team made of experts from Deloitte Romania’s Financial Advisory practice and from Reff & Associates | Deloitte Legal provided assistance to Chimcomplex in obtaining the EUR 90 million funding for refinancing existing loans and for investment. The chemicals producer borrowed EUR 26.7 million from CEC Bank and EUR 30 million from Alpha Bank […]

Tags: Deloitte Romania Reff Associates Chimcomplex
Connections Consult SA, leader on the digital transformation market in Romania, announces the acquisition of Brusch Services SRL

Business Review - 13:08 Oct 05, 2021

Connections Consult SA, leader on the digital transformation market in Romania, listed on the AeRO market of the Bucharest Stock Exchange (BVB) under the symbol CC, announces the acquisition of 100% of the shares of Brusch Services SRL, specialized in IT consulting and software development in nearshoring regime (provision of services to markets close to […]

Tags: Connections Consult Romania Brusch Services SRL
Cushman & Wakefield Echinox takes over the management of two Funshop Parks developed by Scallier

Business Review - 13:03 Oct 05, 2021

The real estate consulting company Cushman & Wakefield Echinox has been appointed to manage two Funshop Park projects developed in Romania in Rosiorii de Vede and Focșani by the Polish company Scallier, one of the most dynamic investors in small and medium retail parks. Scallier’s first project in Romania has been opened at the […]

Tags: Scallier Wakefield Echinox Cushman
European Bank for Reconstruction and Development is investing 30 million € in Euroins through a capital increase

Business Review - 12:57 Oct 05, 2021

The European Bank for Reconstruction and Development (EBRD) signed an agreement to acquire a minority stake in Euroins Insurance Group (EIG), one of the largest independent non-life insurance groups in central, eastern and southeastern Europe. The EBRD is investing €30 million through a capital increase, while Еurohold, the insurance group’s parent company, is providing […]

Tags: Reconstruction Development
42 of the most promising Eastern European tech startups have been selected for Spotlight 2021

Business Review - 12:51 Oct 05, 2021

42 startups have been selected in the current edition of the Spotlight program, organized by How to Web, which will end on November 24th with „Pitch Day” pitching event. The chosen teams come from Romania, Estonia, Poland, Latvia, Lithuania, Macedonia, Croatia, Czech Republic, Republic of Kosovo, Hungary and Ukraine. The 42 selected startups are: […]

Tags: Spotlight
UiPath Foundation and Brio® make the first free digital literacy test available to the public, with BCR as project implementation partner

Business Review - 09:51 Oct 05, 2021

According to a recent Eurostat report on the digital skills of young people in Europe (16-24 years old), those in Romania rank last in the EU. 56% of them have basic digital skills, compared to the EU average of 80%. Romania ranks last in the general population, only 10% of Romanians have superior digital skills […]
Restart Energy launches the RED platform, the first decentralized blockchain system that compensates the carbon footprint

Business Review - 09:47 Oct 05, 2021

Restart Energy, one of the largest independent suppliers of electricity and natural gas on the local market, announces the launch of RED, the first tokenized carbon offset ecosystem. The platform allows individuals, companies, and other organizations to calculate their carbon footprint and obtain tokenized carbon credits for their positive environmental actions, certified as NFT chips […]

Tags: Restart Energy
Notino announces the investments made at the Romanian distribution center

Business Review - 09:31 Oct 05, 2021

Notino, one of the largest online retailers of perfumes and cosmetics, has made new investments in the development of logistical capabilities. The company is in a continuous process of improving the logistics center of 7,000 square metres, located in Bucharest, the investment amounting to around 3 million euros. Last year, Notino decided to open […]

Tags: Notino
Updated: Social Media Global Outage. Facebook, Instagram, WhatsApp down, amidst new whistleblowing controversy. Other platforms experiencing issues as well

Business Review - 17:30 Oct 04, 2021

Tens of thousands of users started reporting issues with social media platforms Facebook, Instagram and Whatsapp (which are also owned by Facebook), starting with 18:43 (GMT +3) this evening, reports DownDectector.com. Other platforms such as AT&T, Google, or Amazon, are also experiencing issues around the world, according to the same source. “We’re aware that […]

Tags: Instagram Facebook Other
Antenna Group Acquires Sony Pictures Television Network Portfolio in Central and Eastern Europe securing 22 Pay TV channels and two OTT services in 12 territories

Business Review - 15:53 Oct 04, 2021

Continuing its successful track record, the international media group Antenna, with investments and operations in North America, Europe and Australia, has agreed with Sony Pictures Television to acquire the CEE AXN, Sony and Viasat Pay TV channels and On Demand services as part of a major investment in the region. The multi-territory, multi-channel deal […]
BR Interview | Virgil Stanescu, Executive Director CEO Clubs & President Sports HUB: If traditional sport can’t keep up, eSports will eat it alive

Business Review - 11:38 Oct 04, 2021

Business Review talked to Virgil Stanescu, the Executive Director of CEO Clubs Romania and President of Sports HUB, to find out more about Romania’s former captain of the National Basketball Team, his transition from sports to business, his thoughts on leadership, performance mentality, digitalization in sports, and more; all of which you can read below […]

Tags: Virgil Stanescu Sports

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