Bulgaria's investment fund Invenio Partners and Poland's investment fund ACP have acquired 60% in coffee shop chain 5 to go in a transaction worth nearly EUR18 million, according to estimates by Ziarul Financiar (ZF) daily.
The volume of construction works in Romania decreased, in unadjusted data, by 4.1% in January-October 2024 and by 3.3% when adjusted for the number of working days and seasonality, data from Romania’s statistics office INS showed on Wednesday (Dec. 18).
SARMIS Capital has announced the acquisition of Total Technologies, one of the most prominent Honeywell-technology integrators for industrial automation in Central and Eastern Europe.
By 2030, Gen Z will be a key driver of the Artificial Intelligence (AI) future, comprising 30% of global workforce, but Gen Z's over-confidence in using AI must be looked with cautious, according to a new EY report developed with support from Microsoft and TeachAI, How can we upskill Gen Z as fast as we train AI?.
Fitch Ratings has revised the Outlook on Romania's Long-Term Foreign-Currency Issuer Default Rating (IDR) to Negative from Stable, and affirmed the IDR at 'BBB-'.
Investors regard the evolution of their portfolios in the next 12 months with optimism, showing a clear improvement from the previous year, in line with Real Estate Investors Sentiment Barometer drawn up by Cushman & Wakefield Echinox, as 64% of respondents expect an increase in portfolio value and 30% expect stagnation.
ATM Ventures, the investment arm of Autonom group owned by brothers Marius and Dan Stefan, has taken over 30% in Bucharest’s Meridian Taxi.
Dan Ostahie, one of the most powerful local entrepreneurs, Altex founder, has acquired the local operations of DIY retailer Brico Dépôt from Britain’s Kingfisher for EUR70 million (enterprise value, meaning including debts. Bricostore Romania has total debts of almost EUR90 million.
Romania media market will end 2024 on a steady growth trend, despite economic and geopolitical challenges, and will reach around EUR778 million, up 11%, topping previous estimates, reveals Media Fact Book by Initiative Romania analysis.