TBI Bank, part of 4Finance Group, with activities in Romania, Bulgaria, Germany, Denmark, Sweden, Poland and Lithuania, is expanding its operations into Greece after it has recently obtained the approval of the National Bank of Greece.
Logistics parks developer Mega Company, advised by the Capital Markets team of real estate consulting firm JLL Romania, has secured a loan of EUR20.6 million from lender Alpha Bank to fund the Mega Distribution Center logistics park located on Bucharest ring road, in the western part of the city.
Akcent Development continues its investment strategy on the Romanian real estate market by launching 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 area in the 1st district of the city, near the Constanța bridge, where […]
Norway’s TOMRA, a maker of reverse vending machines used in collecting beverage packaging, has opened a subsidiary in Romania and estimates it will install around 3,000 machines, which will collect more than 3 billion packages.
Workathlon, a Greek startup that has created an innovative ML-powered hospitality recruitment solution augmented by marketing tools and practices to help companies find, nurture and train the very best talent, launches a seed round on SeedBlink on December 15th as it eyes accelerated growth and international expansion. The team, which is highly experienced in […]
Romanian fintech Instant Factoring, the first Romanian startup providing online microfactoring for small and medium-sized enterprises (SMEs), has closed a new external financing round of EUR6.3 million, boosting the total volume of available capital to EUR12 million, both for Romania and for the entity launched recently in Serbia.
Lender Raiffeisen Bank has won a tender organized by natural gas producer and supplier Romgaz (SNG.RO) to obtain a part of the funded needed for the acquisition of US giant ExxonMobil's stake in the Neptun Deep gas exploration and drilling project in the Black Sea, according to sources on the financial market.
INOVEO partners with Juergen Bamberg (bam!creatives) as Creative Director, to lead and oversee the design team in key branding projects for the Romanian market at the Bucharest-based branding agency. Juergen brings an overwhelming expertise of over 25 years designing for some of the most influential brands in the world, such as Volkswagen, Montblanc, Ikea, Kaufland, […]
Danielis Star Company SRL, a firm fully owned by businessman Daniel Pandele, bought on December 10 a total 1.7 million shares in real estate developer Impact Developer & Contractor (IMP.RO) at a price of RON0.695 per unit, per a stock market report released Monday.
OMV Petrom, the largest energy company in Southeast Europe, is expanding its network of recharging stations for electric vehicles in Moldova and Serbia, in Petrom and OMV filling stations.
TBI Bank, one of the most dynamic lenders in Eastern Europe, is entering the Greek market after obtaining approval from the Bank of Greece. This makes Greece the bank’s third main market of operations, alongside Romania and Bulgaria. Over the past 20 years, the Bank has developed unique know-how in the field of phygital all […]
Arctic, the leader of the Romanian home appliances market and one of the main contributors to the local economy, marks the production of 40,000,000 refrigerators in its Găești, Dâmbovița factory. Following Arçelik’s investments, totaling over EUR 154 million, the refrigerator factory in Găești is currently the largest appliance factory in Continental Europe, with a production […]
Romania's current account balance posted a deficit of EUR13.85 billion in January-October 2021, compared with a deficit of EUR8.7 billion in the same period in 2020, central bank data showed Tuesday.
Lender Banca Comerciala Romana (BCR), one of the most important financial groups in Romania, lists on Bucharest Stock Exchange the third bond issue this year, worth RON600 million.
For this Christmas, Business Review has started a list of Romanian entrepreneurs and businesses offering Christmas packages and gifts. For those interested in timeless handmade products, Business Review talked with Mariana Cismaru – Maruan Stained Glass founder, a local brand specializing in stained glass. How do you describe your work to someone who doesn’t know […]
Last year, Business Review started a holiday special editorial series featuring Romanian entrepreneurs and businesses which offer Christmas packages and gifts. This year, establishing our very own BR Christmas tradition, we will continue the shopping list with fresh new ideas for your family, friends, or colleagues. 2021 BR’s Christmas List: handmade Christmas ornaments It’s definitely the […]
Romanian software company Bitdefender, a global leader in the cyber security solutions market, officially confirmed that it had started procedures for its future listing in the US.
Private healthcare services network Regina Maria in 2021 maintained a two-digit growth pace against 2020, reaching EUR280 million turnover, up 18%, according to Fady Chreih, the network’s CEO.
Management solutions and BPO service provider Sykes Enterprises Eastern Europe, part of US Sykes group, has 80 jobs available at its Cluj-Napoca office.
Daniel Minciuna, founder of Nichiduta Trading, a company specializing in children’s products retail, expects turnover to stagnate in 2021 on the year, at around RON40 million.