Only 73 percent of urban Romanians own their home, significantly below the official 95 percent statistic, according to a survey of 1,000 respondents conducted earlier this year by Unlock Market Research for Colliers. Interest in homeownership has dropped from around […]
Vienna Insurance Group (VIG) announced its financial results for the last year. In 2024, the premium volume of EUR 15.2 billion exceeded the previous year’s figure by 10 percent, while profit before taxes increased to EUR 881.8 million (+14 percent). […]
The Finance Ministers in the European Union met on March 10-11 in Brussels to continue discussions on defence financing solutions, on the sidelines of the Economic and Financial Affairs Council (ECOFIN) and the Eurogroup in enlarged format (EU27), at which […]
Romania’s hotel market is experiencing a period of accelerated growth, reaching a record of more than 25 million overnight stays in 2024, the highest level in more than 30 years, driven by a rising number of foreign tourists and strong […]
For the first time in Romania, the European Businesswomen’s Federation – PEFA launches the Women’s Entrepreneurship Index-IAF, an essential tool for measuring and understanding the impact of women’s contribution to the Romanian economy and in the decision-making process at all […]
INFINEXA, a Romanian entrepreneurial company specializing in the restructuring and financing of distressed businesses, managing assets worth over 155 million Euro, announces that in 2024, Hidroconstrucția, a company undergoing insolvency proceedings, distributed over 16 million Euro to its creditors. Of […]
As power-intensive Generative AI (Gen AI) consumption grows faster than other uses and applications, electricity consumption by data centers is forecasted to double to 4 percent of global electricity consumption by 2030, according to the latest edition of the Deloitte […]
In a market context characterized by volatility and uncertainty, the Electrica Group managed to exceed the objectives set in the approved budget for all important indicators. Although the 2024 budget estimated a 13.0 percent decrease in EBITDA at the Electrica […]
The consolidated net profit of the Romgaz Group was 3,219.43 million RON in 2024, higher by 14.48 percent, or 407.32 million RON, compared to the same period of the previous year, a significant positive influence having the elimination of the […]
BT Financial Group’s consolidated net profit reached RON 4.7 billion in 2024, of which the bank’s net profit amounts to RON 3.5 billion. The Group’s subsidiaries and equity holdings contributed with approximately RON 384.6 million to BT Group’s profitability. For a […]
