Category: Uncategorized

Workspace Studio, a leader in ergonomic design solutions and employee-centered design, announces solid results for 2024, with a turnover of €27 million, up 20% from the previous year. This success was driven by large-scale projects for top companies as well as numerous collaborations with medium and small firms, all benefiting from the same commitment to…

The City Hall of Timișoara, in western Romania, has approved the Zonal Urban Plan (PUZ) for the redevelopment of the former abattoir, paving the way for a large-scale transformation of the nearly five-hectare industrial site. The project, led by Țiriac Imobiliare through its subsidiary Goldale Real Estate SRL, will preserve the historical buildings while repurposing…

Managing procurement within an organization can be challenging: large budgets, approval requests, complex processes, and endless administrative work that is difficult to control. Digitalizing procurement processes can radically transform this landscape. Matricia Solutions has implemented procurement projects for one of the largest medical clinic chains in Romania and a bank, demonstrating how technology solutions can…

A new study by MKOR shows that pro-Russian politician Călin Georgescu is the frontrunner in Romania’s presidential race, with 36.6% of voters favoring him in the first round. However, the data suggests that acting president Ilie Bolojan could defeat him in the runoff, where he would secure 42% of the votes against Georgescu’s 40%. Ilie…

Acting president Ilie Bolojan running for a full term is becoming an increasingly plausible scenario after one of the candidates, the one who won the second largest number of votes after isolationist Calin Georgescu in November 2024, said she would step down in his favor. The leader of the reformist opposition party USR, Elena Lasconi,…

Vista Bank, which has been owned since 2018 by the Vardinogiannis Group of Greece, one of the largest industrial conglomerates in Southeastern Europe, announced the acquisition of Alpha Leasing Romania from Alpha Bank and Alpha International Holdings. Alpha Leasing also owns 100% of Alpha Insurance Brokerage Romania.  The transaction, subject to regulatory approval, is expected…

Romania’s chemical group Chimcomplex (BVB: CRC) reported nearly RON 1.5 billion (EUR 300 million) turnover (+7% y/y) and remained in the black with a net profit of RON 3.5 million (-77% y/y) – quite a performance that put it in the select club of 18% European chemistry companies that avoided losses in the difficult year…

Local entrepreneur Mihaela Neagu, who in 2022, through the investment vehicle Best Achiziții, took over the ailing sugar factory Bod in Brasov county (central Romania), reportedly failed to restore operations at the facility and will use the land for a real estate project instead, according to Economica.net quoting representatives of the National Federation of Food…

BSH Hausgeräte, a group including the Bosch and Siemens brands, will reportedly sell the 44-ha plot of land purchased in Romania at Simeria, close to the border with Hungary, in 2018 when the group was pondering the idea of a EUR 110 million household appliance factory. Bosch will put up for sale the 44-hectare land in…

Romania’s acting president, Ilie Bolojan, met representatives of the Foreign Investors Council (FIC) and bilateral chambers of commerce to discuss “attracting and continuously developing investments in the national economy, as well as on reducing local bureaucracy.” In the meantime, Bosch announced it gives up the planned EUR 110 million household appliance factory in western Romania,…