Category: Uncategorized

French group Saint-Gobain has successfully launched its second plasterboard production plant in Turda, central Romania. This milestone follows extensive production tests initiated at the end of last year and the completion of a detailed handover program.  The new line, which represents an investment exceeding EUR 50 million, spans 14,000 sqm and includes advanced equipment for…

A new phase of restoration for the Corvin Castle in Hunedoara, one of the most scenic medieval monuments in Romania, is set to commence in a few weeks, backed by approximately EUR 6.5 million in funding secured by the local administration through the National Recovery and Resilience Plan (PNRR), the Hunedoara City Hall announced on…

Microsoft has announced the appointment of Bogdan Putinică as the General Manager for Central and Eastern Europe (CEE) and the Commonwealth of Independent States (CIS).  This new role comes after Putinică served as the Country Manager for Microsoft Romania and Moldova for the past year and four months.  In his expanded role, Putinică will oversee…

Metropolitan Life, a leading life insurance provider in Romania, announced a 24% increase in gross written premiums for the first quarter of 2024. The company recorded gross premiums of RON 194 million (EUR 39 mln), up from RON 156 mln during the same period in 2023. Metropolitan Life also saw a significant rise in payouts.…

The Bucharest Stock Exchange (BVB) is set to launch a new index, the Bucharest Exchange Trading Energy Utilities and Financials (BET-EF), on July 29, 2024. This new index will focus on the most prominent sectors in the Romanian capital market, namely energy, utilities, and financials.  The BET-EF is a price index reflecting the performance of…

Romanian Cristian Măcelaru, the artistic director of the “George Enescu” International Competition and Festival, will conduct the Orchestre National de France at the opening ceremony of the Olympic Games in Paris.  “I never thought in my life that I would have this opportunity. It’s a very beautiful thing because it’s an event where we all…

Only 207 women were elected as mayors in Romania in the June 9 local elections, representing 6.51% of the total 3,179 mayors, according to an analysis by Women for a Better Society, a non-governmental organization advocating for women’s rights and gender equality. Moreover, only 3,606 women became local councilors, representing 9.01% of the total 40,022…

Anul Nou Care N-a Fost/The New Year That Never Came, the first fiction feature written and directed by Bogdan Mureşanu, was selected in the Orizzonti competition section of the 2024 Venice International Film Festival. The 81st edition of the event will take place between August 28 and September 7. The New Year That Never Came…

Flanco Retail, one of Romania’s leading retailers of electronic and household appliances, announces the move of its headquarters to SkyTower, the tallest building in the country and a notable sustainable landmark in Bucharest. Starting in July, Flanco occupies the entire 11th floor of SkyTower, spanning over 1,150 square metres. This move represents a strategic step…

Real estate developer Nobis Group, owned by Marius Busu, will deliver by the end of this year the first phase of the luxury residential project Nobis Gardens, with a total estimated market value of EUR 28 million. The project will comprise 28 luxury villas close to Pipera Lake, and the second phase is set to…