Category: Uncategorized

German automotive wiring manufacturer Leoni has announced plans to reduce the workforce at its factory in Bistriţa, central Romania, two months after it closed a smaller production unit in the country.  Leoni will cut its workforce by 10%, impacting approximately 360 employees out of its 3,600-strong team.  This decision is driven by a significant drop…

The Romanian Investor Relations Association (ARIR) has announced a new methodology for evaluating the communication practices of bond issuers on the Bucharest Stock Exchange (BVB). This new VEKTOR by ARIR Bonds indicator, set to launch in 2025, aims to enhance transparency and meet the growing information demands of both local and international investors.  The new…

Global Vision, a prominent player in the Romanian real estate market, plans to launch its own real estate investment platform aimed at financing acquisitions and developments of innovative and sustainable projects in high-potential markets in Romania and beyond. This platform will be open to other investors looking for opportunities in the real estate sector.  Global Vision…

The trio Palaye Royale will perform at Arenele Romane in Bucharest on November 20 as part of their “Death or Glory” tour to promote the album with the same name. The LA-based band announced their largest European tour yet, “Death or Glory,” promoting the album of the same name, scheduled to be released on August…

Romanian software company Red Point Software Solutions announced the acquisition of Ness Technologies Ro, a part of US company Ness Digital Engineering. This acquisition is part of Red Point Software Solutions’ strategy to implement SAP cloud solutions. The company aims to consolidate its position in the local market by increasing the number of SAP specialists…

Redbee Software, DRUID, Questo, Ascendia, FintechOS, Pentest-Tools.com, Kinderpedia, and Nestor are the eight Romanian companies included in the latest Deloitte EMEA Technology Fast 500, the ranking of the fastest-growing technology companies in Europe, the Middle East, and Africa.  The winners of the EMEA Fast 500 were selected based on percentage fiscal-year revenue growth from 2019…

Edward Iordănescu will no longer be the head coach of Romania’s national football team once his contract expires at the end of July, the Romanian Football Federation (FRF) announced. He has been at the helm of the national team since early 2022. “Following discussions, the Romanian Football Federation understands and respects the decision of Edward…

US astronaut Edwin “Buzz” Aldrin, 94, recently told the press that he is extremely happy one year after marrying Romanian Anca Faur, 65. He told People magazine that he has “never been happier in my life than I am now, with my time with Anca.”  The two first met in December 2017 at a work…

Two US Air Force B-52H Stratofortress aircraft landed at the Mihail Kogalniceanu Airbase in Romania on Sunday, July 21, to join the Bomber Task Force 24-4. This marks the first time US strategic bomber aircraft have operated out of Romania, the US Air Force in Europe said. While flying in international airspace, the two B-52…

Nine Romanian citizens were detained, eight of whom were later released, following the street riot that erupted on July 18 in Leeds, the UK. Disturbances occurred after British authorities took the children of a Romanian family in response to one of the children, a 7-month-old, being hospitalized with a head injury.  British police have also…