Category: Uncategorized

SkyTower Bucharest, the tallest building in Romania, will host a new edition of the SkyRun charitable stair-running competition this fall. One of the novelties of this year’s event, scheduled for November 9, is the inclusion of two age categories dedicated to children: 7-13 and 14-17. The SkyRun 2024 challenges participants to conquer 31 floors, 620…

Private equity (PE) fund investments in Central and Eastern Europe (CEE) reached a total volume of EUR 1.71 billion in 2023, while Romania ranked 4th at the CEE level. In 2023, the total investments made by PE funds in the construction sector in the CEE reached a total of EUR 55 million, representing 3.2% of…

Vista Bank (Romania) and Optima Bank (Greece) arranged a syndicated loan of EUR 61 million for Premier Energy Group (BVB: PE), one of the fastest-growing energy infrastructure holdings in Southeast Europe. Premier Energy will use the facility of EUR 61 million to finance the acquisition of the shares in Eolica Dobrogea One from Iberdrola Group.…

Romanian parcel delivery company Sameday announced it was acquiring Practic Group in Hungary in a move to expand its regional footprint. Last month, Sameday took over the Hungarian courier firm Sprinter to strengthen its network of out-of-home delivery points. Established in 2010, Practic is a multi-brand platform offering services for e-tailers and SMEs active in…

Romania is currently on the 16th place in the national ranking of medals at the 2024 Olympic Games in Paris. Star swimmer David Popovici secured Romania’s first gold after dominating the 200m freestyle event.  First place in the ranking currently goes to Japan, with 13 medals, 7 of which gold, while France and China take…

Romanian firefighters have been deployed to Greece to join the local efforts to combat wildfires. The first team of 40 firefighters left for Nea Makri, a city located east of Athens, on July 30. “Between August 1 and September 15, the Department for Emergency Situations […] participates with the specialized national module for extinguishing forest…

OMV Petrom, the most important producer of hydrocarbons and fuels in Romania, as well as a producer of electricity, registered a net profit of RON 2.628 billion (EUR 528 million) in the first half of 2024, almost triple compared to RON 944 million (EUR 189.7 million) in the same period last year. The eponymous Austrian…

State-owned railway company CFR SA, postal services operator Poșta Română, and retailer Kaufland Romania are the companies with the most employees in 2023, according to data analyzed from the Termene.ro platform.  The top 10 companies, four of them state-owned, together had 141,194 employees. The National Railway Company CFR SA had an average of over 24,000…

The two exchange-traded funds (ETFs) that follow the BET index have drawn total investments of EUR 95 million on the Bucharest Stock Exchange. ETFs are among the simplest instruments through which investors can gain market exposure. The Bucharest Stock Exchange has been one of the top-performing markets in Europe this year, with the BET index…

The European Public Prosecutor’s Office (EPPO) said on Tuesday, July 30, that its Bucharest office brought charges against four suspects, believed to be part of a criminal ring with ties to Italian mafia groups, for a EUR 4.3 million subsidy fraud involving EU and national funds.  Prosecutors say that the defendants formed a criminal group…