Category: Uncategorized

Romania’s minister of research, Bogdan Ivan, recently stated that the Government has committed to digitalizing 36 public services by the end of 2025. He added that seventeen are already included in the public services hub presented at the National Trade Register Office on Thursday. The minister specified that they include starting a business, checking a…

Romania telecom group Digi Communications (BVB: DIGI) has reached an agreement with Portuguese company LORCA for the acquisition of Portuguese telecom operator Cabonitel. Digi will take over 100% of Cabointel’s shares at a valuation of EUR 150 million, the group announced in a BVB report. “The Transaction perimeter includes Nowo Communications, Portugal’s fourth biggest mobile…

Leanpay, the Buy Now Pay Later (BNPL) and Point-of-Sale (POS) lending platform, has secured EUR 10 million in a Series B funding round led by BlackPeak Capital, followed by Catalyst Romania Fund II, both as new investors. They were joined by South Central Ventures and Lead Ventures, which had already invested in previous rounds. The…

One United Properties (BVB: ONE), the leading green investor and developer of residential, mixed-use, and office real estate in Romania, announces the start of construction for the Mondrian Hotel in Bucharest, marking a significant milestone in the development of Romania’s first lifestyle hotel under the internationally acclaimed brand Mondrian. The first hotel in the company’s…

A Spanish Air Force Detachment deployed in Romania will carry out over the next four months, alongside Romanian military, NATO-led air policing missions, the Defense Ministry announced. A ceremony to certify the detachment is scheduled to take place on August 6 at the Mihail Kogãlniceanu Air Base. The Spanish Detachment is made up of approximately…

Bucharest mayor Nicușor Dan recently announced that City Hall has awarded the contract for the purchase of 20 mini thermal power plants, which will be installed in areas where heating and hot water are not delivered optimally.  “The first 5 units will be installed at the Radu Beller Thermal Point (30 Av. Radu Beller St./66…

UniCredit Bank Romania has successfully coordinated a syndicated loan of approximately RON 1.93 billion (EUR 388 mlb) for state-controlled Transgaz (BVB: TGN), the technical operator of Romania’s gas transport system. The loan aims to support the Development Plan of the National Natural Gas Transportation System, which includes the construction of crucial gas pipelines and the…

Banca Comercială Română (BCR), the second-biggest lender in Romania, part of the Austrian Erste Bank Group, has announced strong financial results for the first half of 2024, showcasing significant growth across key performance indicators. The bank recorded a net profit of RON 1,314 million (EUR 264 million), marking an 18.3% increase from RON 1,111 million…

Sphera Franchise Group, the largest group in the food service industry in Romania, continues the development of its restaurant portfolio with the inauguration of the first KFC Drive-Thru in Craiova. The new unit, which required an investment of approx 1 million euro, is the fifth opened in 2024, proving the company’s dynamism and commitment to…

The Italian tenor Andrea Bocelli will perform a concert on November 17, 2024, at Oradea Arena, in a special edition of the Sounds of Oradea festival According to the organizers, the concert at Oradea Arena will feature an impressive list of songs, highlighting the artist’s incredible range and emotional depth. The event is part of…