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The latest study conducted by Coface Romania revealed that 7,274 new insolvency proceedings were opened in 2024, compared to 6,650 in 2023, marking a 9.38% increase. Among companies with a turnover above EUR 5 million, there was a 75% rise in insolvencies last year. Denied payment instruments have increased both in value (+30%) and number…

One United Properties (BVB: ONE), Romania’s leading green developer of residential, mixed-use, and office real estate, recorded a preliminary turnover of EUR 285.5 mln in 2024, gross profit of EUR 88.6 mln, while the net profit for the year stood at EUR 76.7 mln. “Over the past five years, One United Properties has transformed from a high-end residential…

Controversial social media influencer Andrew Tate and his brother Tristan, who are being investigated on several charges related to human trafficking and other offenses, left Romania in the early hours of Thursday, February 27, according to media reports. They are reportedly heading to the US by private jet. According to G4media.ro, they left from Băneasa…

Garanti BBVA has granted a EUR 7.5 million loan to MG Tec Industry SRL, the leading Romanian producer of paper tissues. The financing benefits from a state guarantee issued by Exim Banca Românească, covering up to 75% of the loan value. Garanti BBVA and MG TEC Industry share a commitment to sustainability, with MG Tec…

The spring tradition of Mărţişor is in focus at fairs taking place throughout Bucharest, where the public can attend a show on the story of French singer Édith Piaf or delve into the world of Japanese animation at a dedicated festival. In Bucharest: Mărţişor Fair @ The Village Museum Until March 9 This spring tradition…

The overall macroeconomic confidence index compiled by CFA Society Romania based on a survey among its members improved by 2.3 points month-on-month (m/m) to 40.4 points in January, lagging below the 50-point balance benchmark, as both components showed current situation evaluation and expectations improved.  However, the expectations component improved by only 1.7 points and remains…

E.ON Energie Romania completed the construction of a 655 kWp installation in Timişoara for Continental Automotive, one of the largest developers and manufacturers of innovative systems in the automotive sector. The project involved the installation of a photovoltaic system consisting of 1,440 solar panels that will provide almost 715 MWh of renewable electricity for Continental…

Romanian state-controlled natural gas producer Romgaz will launch the first offers to household customers in the third quarter of this year, according to the company’s CEO, quoted by Economica.net. Contracting the IT system required to manage the household customers’ accounts is already underway. “The synergies within the company make the supply price competitive, as is…

Romania’s hydropower group Hidroelectrica (BVB: H2O) will increase the price of electricity supplied to its existing or new residential consumers by 60% starting April 1, according to Profit.ro. The final price per kWh, including transport, fees, and taxes, will increase by only 25%, depending on the region of the country (as the transport operators charge…

In 2024, the state paid to households RON 1.16 billion as interest for the government bonds issued under the Tezaur scheme and RON 748.6 million for the bonds issued under the Fidelis scheme, according to data provided by the Ministry of Finance to Cursdeguvernare.ro. Thus, over 5% of the interest paid last year from the…