All the European investment, retail, real estate, office and industry news in English language

Thursday | November 26 | 2020

Connections launched Tudor, the virtual accounting robot

Romanian startup Connections has launched Tudor application, the virtual accounting robot, developed using UiPath technology. Tudor Contabot was designed to perform the tasks of a...

LATEST

Carmistin Group, one of the leading players on the Romanian agribusiness and meat processing  market, has signed a syndicated loan amounting to RON 427...
Travel receipts in Greece, in September, 2020 fell by 71.4% to €826 million, from €2,886 million in September 2019, while travel payments also decreased...
Ikea announced today new food commitments, in connection to a pre-event for the UN Food Systems Summit 2021. Thus, by 2025, Ikea wants that 50%...
Kingfisher acquired NeedHelp, one of Europe’s leading home improvement services marketplaces, for a total cash consideration of c.€10 million. As part of the transaction,...
The European Investment Bank (EIB) will invest €65 million in the modernisation of primary and secondary schools in Serbia to provide new digital equipment, connectivity,...

Supeco launched its own e-commerce website in France

Supeco, Carrefour's soft discount brand, launched its e-commerce website, with a non-food-focused offering. The Carrefour Group's Omnicanality and Customer Experience...

Overnight stays in Vienna dropped by 84.5% in October

Vienna's overnight stays in October were 84.5% lower than in the previous year and reached only 242,000. Most overnight...

Top 500 CEE largest companies aggregated turnover increased by 5.5%

The aggregated turnover of the 500 largest companies in CEE increased by 5.5% to EUR 740 billion. 373 listed companies (which is 74,6% of...

NUMBER BUZZ

100
million euros, Bolt future investments in the European e-scooters market

British Airways is selling thousands of items from aircraft cabins

British Airways began selling thousands of items in the inventory, from drink carts and crockery for business class passengers to slippers and towels, BBC...

ALRO extended with three years a revolving syndicated credit facility

ALRO Slatina extended until 2023, two syndicated credit facilities cumulating USD 150 million, under the coordination of EximBank. The banks...

The Italian cosmetics retailer Pupa opens three mono-brand stores in Romania

Pupa, the Italian cosmetics brand present in Romania since 2015 through a network of six stores located in four...

Various Brands has opened the largest store of its network in Brasov

Various Brands opened the largest store of the network in Coresi Shopping Resort Brasov. Now, the multi-brand has 24 physical stores and an online shop. The new store awaits its...

Czech Parliament approved the largest income tax cut in decades

Czechia will cut the income tax next year, a measure that according to the Prague government would help the economy recover from the coronavirus recession, Bloomberg reports. The Parliament approved...

INVESTMENT

Kingfisher acquired NeedHelp for a total cash consideration of c.€10 million

Kingfisher acquired NeedHelp, one of Europe’s leading home improvement services marketplaces, for a total cash consideration of c.€10 million. As part of the transaction,...

Kahoot! acquires Drops, one of the world’s fastest growing language platforms

Kahoot! announced the acquisition of Drops, one of the fastest growing language platforms in...

Smart Protection closed a Series B funding round worth €10 million

Smart Protection has closed a Series B funding round worth €10 million, co-led by the Dutch...

Volvo Group Venture Capital invests in Adnavem

Volvo Group Venture Capital invests in Adnavem, an online marketplace for freight services that...

BUSINESS

Carmistin Group signed a syndicated loan amounting to EUR 90 million

Carmistin Group, one of the leading players on the Romanian agribusiness and meat processing  market, has signed a syndicated loan amounting to RON 427...

Top 500 CEE largest companies aggregated turnover increased by 5.5%

The aggregated turnover of the 500 largest companies in CEE increased by 5.5% to...

British Airways is selling thousands of items from aircraft cabins

British Airways began selling thousands of items in the inventory, from drink carts and...

Enel X launches e-mobility services in China

Enel X launched its first commercial office in China, by opening in the country...

REAL ESTATE

Citycon acquired plots adjacent to the Kristiine centre in Tallin

Citycon acquired the plots at Kotkapoja 1, 3, 5 adjacent to the Kristiine centre's parking lot and is planning real estate development on the...

Cordia Romania starts construction works on Parcului20 phase two

Cordia Romania has started construction works on the second phase of Parcului20 residential project...

Castellum in real estate transaction with the City of Gothenburg

Castellum is selling a property to the city of Gothenburg in exchange for development...

SIF Banat – Crișana takes over the 540.000 square meters IMGB platform

SIF Banat – Crișana bought the shares held by Doosan Heavy Industries & Construction...

Top 500 CEE largest companies aggregated turnover increased by 5.5%

The aggregated turnover of the 500 largest companies in CEE increased by 5.5% to EUR 740 billion. 373 listed companies (which is 74,6% of...

Connections launched Tudor, the virtual accounting robot

Romanian startup Connections has launched Tudor application, the virtual accounting robot, developed using UiPath technology. Tudor Contabot was designed to perform the tasks of a...

Serbia to digitalize schools with €65 million from EIB

The European Investment Bank (EIB) will invest €65 million in the modernisation of primary and secondary schools in Serbia to provide new digital equipment, connectivity,...

ECONOMY

UK consumer spending to fall by nearly £200 billion in 2020

Total UK consumer spending is expected to fall by a staggering £183.6 billion (14.9%) this year due to the COVID-19-induced lock downs, according to new research from Mintel....

Czech Parliament approved the largest income tax cut in decades

Czechia will cut the income tax next year, a measure that according to the...

Italy, Spain and France are the largest wine producers in EU

In 2019, the sold production of wine (including sparkling wine, port and grape must)...

Sharp contrast between rich and poor purchasing power in Poland

The average per capita purchasing power in Poland in 2020 is €7,143, just under...

JOBS

Uniqa Insurance to close 1/3 of its locations in Austria and cut 600 jobs

As part of UNIQA Insurance Group AG new ”growth strategy”, it is necessary to close a third of the sites in Austria and cut...

French unions in Renault have agreed a 2,500 jobs cut

CFE-CGC, the most important union from Renault, announced on Thursday that it has decided...

Average monthly wages and salaries in Bulgaria at 1.373 BGN

In the third quarter of 2020 in comparison with the second quarter of 2020...

UK: Unemployment rate at highest level in four years

Unemployment rate in the UK reached its highest level in four years in Q3...

Austria: Number of naturalisations decreased by 16.7% this year

6.336 persons acquired Austrian citizenship in the period January to September 2020, according to Statistics Austria. The number of naturalisations decreased by 16.7% compared to...

Greece: Travel receipts in September 2020 fell by 71.4%

Travel receipts in Greece, in September, 2020 fell by 71.4% to €826 million, from €2,886 million in September 2019, while travel payments also decreased...

Palmira plans to invest around EUR 650 million in European logistics assets

Palmira Capital Partners has launched the ”Palmira European Core Logistics Fund”, an open-end special fund oriented to institutional investors. Aiming at an equity volume of...

THIS WEEK
TOP 5

BMW is investing 400 million euros in a new vehicle assembly at the main plant in Munich and move its European production activities for...
Various Brands opened the largest store of the network in Coresi Shopping Resort Brasov. Now, the multi-brand has 24 physical stores and an online...
6.336 persons acquired Austrian citizenship in the period January to September 2020, according to Statistics Austria. The number of naturalisations decreased by 16.7% compared to...
As part of UNIQA Insurance Group AG new ”growth strategy”, it is necessary to close a third of the sites in Austria and cut...
Czechia will cut the income tax next year, a measure that according to the Prague government would help the economy recover from the coronavirus...