Category: Uncategorized

The energy ministries in Romania and the Republic of Moldova and Techcelerator announced the launch of the SEE CleanTech Accelerator, a new accelerator dedicated to startups and innovators from South-Eastern Europe creating tech solutions for green energy. The initiative is designed to assist startups and creators of technological solutions in developing the field of clean…

The Romanian companies that seek to list their shares at the Bucharest Exchange will be given grants between EUR 70,000 and EUR 300,000 under a project launched by the Ministry of European Investments and Projects (MIPE). Starting June 7, interested companies can submit applications to obtain the subsidy for listing their shares on the main…

The government of Romania increased by RON 2.5 billion (EUR 500 million) to RON 15 billion (EUR 3 billion) the volume of loans small and medium-sized enterprises can contract from commercial banks for working capital and investments, with state guarantees and subsidised interest rate, under the IMM Plus scheme.  The scheme is intended to companies…

The shares of the Romanian drugmaker Antibiotice (BVB: ATB), controlled by the state (53%), gained nearly 12.5% on June 6 after the minister of investments Adrian Caciu and the company’s general manager Ioan Nani announced a EUR 100 million project developed under the Strategic Technologies for Europe Platform (STEP) for the production of so-called “critical…

The retail sales index in Romania rose by 14.6% y/y in April, according to data published by the statistics office INS.  The retail sales in the rolling 12 months to April increased by a more moderate rate of 3.3% y/y, still well above the 1.6% y/y growth calculated for the last year. The seasonally adjusted…

The leaders of the Romanian ruling coalition formed by the Social Democrats (PSD) and Liberals (PNL), Marcel Ciolacu and respectively Nicolae Ciuca, speaking separately for Antena 3, have both announced that their parties will have their own presidential candidates this autumn, abandoning the idea of a joint candidate. None of them confirmed, however, their candidacy.…

Romania is about to buy 54 South Korean-made K9 self-propelled howitzers in a procurement contract worth around USD 1 billion, according to senior military sources quoted by Hankyung, a leading economic publication and financial from Seoul, and local Digi24. South Korean defense minister Shin Won-Sik will be on an official visit to Romania next month…

The Romanian state-owned company Transgaz (BVB: TRG), the operator of the national natural gas transmission system, has begun contracting the materials, components, and works necessary to build the supply pipeline for the new 1,700 MW gas-fired power plant at Mintia. The power plant is being developed by Mass Global Energy Rom of the Jordanian entrepreneur…

The BET has gained approximately 50% over the last 12 months, placing Romania in the top 10 best-performing markets worldwide. The BET index, which follows the price movements of the most traded 20 companies listed on the Bucharest Stock Exchange, went up by 1.58% on Thursday, June 6, and closed the day at an all-time…

The House of European Institutes (HEI), a new multicultural center located in Timișoara’s Theresia Bastion, is reopening on June 7 with the exhibition Diseñadoras. (Re)diseñando el mundo, which features 12 Spanish designers working across a variety of domains, from product design and textiles to graphics. The show, curated by Gloria Ruiz, includes works by Marta…