Category: Uncategorized

The final results for the June 9 local elections will be released after an additional voting round set to be held in two communes where the voting ended in a tie, the spokesperson of the Central Electoral Bureau (BEC) told Hotnews.ro. The results are expected after June 23, when an additional voting round will be…

Until today, Bonapp (Bonapp.eco) has been present in three Romanian cities (Bucharest, Cluj-Napoca and Brașov) with 1,200 affiliated points of sale. Through its extended partnership with PENNY Romania, Bonapp is adding 374 stores to its retail network, thereby expanding to 150 new towns and cities by yearend. The company is onboarding the new locations through…

Over 40 civil society organizations in Romania, with expertise in climate, energy, agriculture, and biodiversity, advanced the idea of a Social Pact meant to accompany the European Green Deal. They also proposed the establishment of two new European Commissioner positions. The NGOs asserted their ideas in a new position paper developed following a roundtable held…

APTIQ Global offers integrated professional services in all relevant areas of a company’s life Through APTIQ Valuation it will also offer complex valuation services APTIQ Global announced the consolidation of its team in Romania and expanding its integrated services offering by affiliating FairValue under the APTIQ Valuation brand. APTIQ Valuation provides valuation services for businesses,…

Robin Hermann General Manager for STACKIT, one of Europe’s leading cloud providers, recently participated in Bucharest Tech Week, where he detailed how European companies are adopting cloud technologies and provided an insight into the European cloud market, including growth forecasts and associated challenges. The cloud market in Europe is booming. According to Statista data, Europe’s…

The most recent study conducted by Reveal Marketing Research revealed that 7 out of 10 Romanians return PET bottles through the Deposit-Return system. The study aimed to gather more details about the attitudes and behaviors of Romanians regarding the Deposit-Return System for beverage packaging, which became operational at the end of last year (November 30,…

Premier Energy Group, through Alive Renewable Holding Limited, and alongside Motor Oil Renewable Energy Single Member S.A (MORE), have signed the acquisition of two new photovoltaic projects for renewable electricity production in Romania’s Buzău county, according to an announcement at the Bucharest Stock Exchange. These two projects have a combined capacity of 86 MW and…

About 10% of Romanians hold roughly 58% of the total net wealth in the country, according to a new report by the National Bank of Romania (BNR). Overall, the net wealth of Romanians continued to grow and has reached approximately double the gross disposable income (Q4/2023). The net wealth of the population is calculated as…

In Romania, taxes represented 27% of GDP in 2022, well below the EU average of 40% but also below the average of comparable Eastern European countries: Poland (34%), Hungary (35%), Bulgaria (31%), according to the Friedrich-Ebert-Stiftung Romania Foundation quoting Eurostat data. At a moment when Romania needs to thoroughly reconsider its taxation system in order…

IBB Holding Group (IBB Holding), a group of 12 companies active in the construction field with a focus on infrastructure projects, intends to raise EUR 10mn with a bond issue at the Bucharest Stock Exchange (BVB) to increase production capacity and for working capital. “We consider the stock market a possible main actor for obtaining…