Category: Uncategorized

Romanian locomotive producer Sofronic plans to invest EUR 10 million in a new factory to be developed near the one it operates at Craiova in the southern part of the country, Profit.ro reported. The new plant will produce battery-powered locomotives, in addition to the diesel-electric locomotives and those powered by electricity from overhead lines the company…

Cristian Popa, a member of the Board of Directors of the National Bank of Romania (BNR), quoted by Bursa.ro, has attributed the recent rise in market interest rates to increased political uncertainty, prompting nervousness among Romania’s international financiers.  “The increase in interest rates in the market is a direct consequence of the significant increase in…

The Schwarz Group, one of the world’s largest retailers and a leader in cybersecurity, is strengthening its position through advanced technologies and strategic partnerships. At GoTech World 2024, its security leaders discussed new ways to manage cyber risks and exposures. With innovations such as XM Cyber platform and STACKIT cloud solutions, Schwarz Group is redefining…

Romania should prepare a report, building on the World Bank report on taxation prepared under the Resilience Plan PNRR (milestone 205), establishing two scenarios for the tax reform, with fully specified measures by April 1, 2025, according to the set of reforms and investments that underpins an extension of the adjustment period to 7 years…

Romania’s general government budget deficit has widened by 74% y/y to RON 109 billion ( EUR 22 billion) in January-October, according to data published by the Finance Ministry.  All categories of expenditures surged – the investment-related expenditures but also the current expenditures – while the current revenues increased by only a decent rate furthermore not…

Romania’s competition watchdog ordered the National Company “Bucharest Airports” (CNAB) to refrain from intervening in taxi applications and free up access to its software and terminals used for ordering taxis. Until now, only the software applications of taxi companies could run on the touch screen terminals within Henri Coandă International Airport in Bucharest.  In doing…

The number of doctors and nurses per 1,000 inhabitants in Romania remains below the EU average: in 2021, there were 3.5 practicing physicians per 1,000 inhabitants – among the lowest rates in the European Union (where the average was 4.1 per 1,000), according to a report by Save the Children Romania. The organization also highlights…

Romanian private equity platform SeedBlink announced the launch of its dedicated Secondaries project, providing individual and institutional investors with access to a growing market of secondary investment opportunities. With this platform, SeedBlink says it democratizes access to opportunities in high-growth private companies, including pre-IPO leaders like Klarna and regional tech innovators like .lumen. SeedBlink already…

Over 100 musicians and choristers will perform at the prestigious Romanian Athenaeum in Bucharest on Tuesday, December 3, in a special charity concert titled Neînvinșii/Undefeated. The event, marking the International Day of Persons with Disabilities, will raise funds for the Climb Again Association, supporting their ongoing efforts to provide therapeutic climbing sessions for children with…

Three medium-difficulty ski slopes will open on Thursday, November 28, in the popular mountain town of Sinaia, some 120 km north of Bucharest, marking the first time in six years that skiing is available in the area at the end of November. Maria Floricică, director of Sinaia Urban Transport, told Agerpres that the Lăptici 1,…