Companii

PPF Real Estate has chosen the Romanian unit of Strabag as the general contractor for the construction of ARC, a premium office building to offer 30,000 square meters of space in one of Bucharest’s expanding commercial districts near the Basarab subway station. The ARC project is PPF Real Estate’s first development project in Bucharest, adding to the company’s existing office...

The Bucharest subway company has received a construction permit to advance a long-awaited subway route from the capital, Bucharest, to the Henri Coanda International airport. Metrorex said it had received the permit for a 7.6 kilometer 1 Mai - Tokyo segment of the new line M6 which will connect the remaining underground network to Henri Coandă International Airport. The 14-kilometer M6...

Romania receives EIB backing to become home to the world’s first tire-production plant with no carbon-dioxide emissions. EIB lends Nokian Tyres €150 million to build green factory in northwestern Romanian city of Oradea. Manufacturing site to begin operations in early 2025 and reach full capacity in 2027. The European Investment Bank (EIB) is lending Nokian Tyres €150 million for...

The very first Rolls-Royce to arrive in Romania was a Silver Ghost in 1912 before the outbreak of World War I. It was delivered to a customer in Bucharest, one Mr. Constantin Turnesco, at a price of £1,364. In 1927, Romania's late King Michael, known for his motoring prowess, learned to drive a Rolls-Royce at the tender age of six....

Most toy companies are seeking licensing agreements with different movie franchises in order to create products that appeal to specific fans. Last year the largest toy manufacturer in the world by market capitalization, Mattel, took a different route, launching its Barbie movie that ended on the top of global box office with over $1.44 billion gross sales. It also propped...

46% of global retail investors do not think about ESG whilst 22% said that they always do Of those who ignore ESG, a significant proportion (14%) say they used to consider it Main reasons for ditching ESG are confusion over labeling (25%) and underperformance (29%) Younger investors prioritize social factors whilst older investors care more about environment 30%...

ai jumps 13 places as the top crypto riser on eToro’s platform this quarter with investors rallying for decentralized AI NEO, Terra Classic and Maker see the biggest drops as investors lock in profits Smaller tokens gaining double-digit growth thanks to investors backing emerging blockchain-based technologies Crypto investors have shown their faith in decentralized artificial intelligence (DAI) with Fetch.ai...

The world economy is suffering from a talent shortage that reached a 17-year high. Three of every four employers globally reported difficulty finding the talent they need, with the biggest impacts being felt in Japan, a ManpowerGroup study shows. With 79% of its companies not finding necessary skills and people to hire, Romania is one of the countries that is...

Twenty Greenpeace activists from Romania, Bulgaria and Czech Republic have protested outside the OMV Petrom headquarters in Bucharest against the proposed Neptun Deep project. They claim if it becomes operational, it would threaten the EU’s carbon neutrality target, and harm wildlife in the Black Sea. It is scheduled to become Europe’s largest offshore gas drilling project and make Romania the...

Bitcoin briefly touched $57,000, the highest price seen since December 2021, as it smashed out of the consolidation pattern seen last week. The price surge comes after a week of consolidation which may have to be down to a slow down in the amount of bitcoin being bought by the spot ETFs versus prior weeks, writes Simon Peters, cryptoasset market...