Against the backdrop of high inflation, 75% of online retailers in Romania have as their main business objective the expansion of their product ranges, to meet consumer needs, satisfy customers’ desire for diversity, and increase sales, according to an analysis conducted by Limitless Agency, one of the largest digital marketing agencies in the local market. At the same time, to […]

A proposed European law that could require communications companies, including WhatsApp, Signal and Facebook Messenger, to scan the contents of private and encrypted messages for child abuse material is likely to be annulled by the European Court of Justice, according to the European Union’s (EU) own internal legal advice. The controversial EU law, known as “chat control”, will allow governments […]

MetaWealth, the Fintech startup with offices in Bucharest, Dublin and Toronto, has sold its first real estate asset to 153 retail investors from Romania, Cyprus, Austria, Switzerland, the UK, Denmark, Belgium, the Netherlands, the Czech Republic, Canada, Sweden, and Greece, for a combined value of USD 2.14 million. The sale, achieved in record time since MetaWealth first launched across the […]

The European Investment Fund (EIF) has signed a €5 million loan to Patria Bank, a Romanian lender specialised in financing small and microentrepreneurs with limited access to finance. The Tier II subordinated loan transaction, backed by InvestEU, will help strengthen Patria Bank’s capital position, thus facilitating further growth and development, with the ultimate goal of improving access to finance for […]

The freight transport market in Romania continued its growth rate in the first quarter of the year, but below the level of 2022, against the background of the decrease in consumption and implicitly in industrial production, shows an analysis by DSV Road, the third largest service transportation company in Europe. In this context, DSV Road recorded up to a 10% […]

Franchwise, the leader in the franchises consulting market in Romania and in CEE, carried out an internal analysis according to which the number of Romanian companies (franchisors) that rely on development through the franchise system increased by 30% in the period 2020-2022 compared to 2019. Franchising has become one of the preferred business scaling methods for Romanian entrepreneurs due to […]

Schneider Electric™, the global leader in the digital transformation of energy management and automation, introduces Easy UPS 3-Phase Modular. This robust uninterruptible power supply (UPS) is designed to protect critical loads while offering third-party verified Live Swap functionality. Easy UPS 3-Phase Modular available in 50-250 kW capacity with N+1 scalable configuration and supports the EcoStruxureTM architecture, which offers remote monitoring […]

Color Smart, the sole importer and distributor in Romania and Moldova of premium and premium plus brands Novacolor, Color Smart, and Pittsburgh Paints, announces investments of over 800,000 euros in a new business line. On June 8th, the company will officially launch its own premium paint brand in Romania. The investment in initial stock amounted to approximately 500,000 euros, a […]

CBRE, the leader of the real estate consultancy market, assisted Playtika Romania (Playtika), a mobile gaming entertainment and technology market leader, in determining the most efficient real estate strategy in terms of operations and cost efficiency. The consultancy firm performed a complex analysis and provided relevant data that considered all the suitable alternatives in the market and studied the group’s […]

Eight European countries have signed a letter urging big tech companies to act against foreign information manipulation and interference, including disinformation campaigns that undermine peace and stability across Europe. The signatories of the letter include Prime Ministers of the Czech Republic, Estonia, Latvia, Lithuania, Poland, Slovak Republic, Ukraine, and the Republic of Moldova. This open call, made at the second […]

DSV Road, one of the largest freight companies in Europe, estimates an increase of more than 30% in the demand for groupage transport on domestic and international routes and ancillary services, which will represent approximately 55 million euros of the company’s entire business in 2023. Groupage transport is one of the most sought-after types of transport, bringing over 50% of […]

BASF presents the latest advancements in its agricultural innovation pipeline of crop protection, seeds and traits, and digital solutions. Their focus is to provide much-needed solutions for farmers to overcome local and crop system specific pest pressures, climate challenges, changing regulatory requirements and rising consumer expectations. Executing on its strategy in agriculture announced in 2019, the company is directing its […]