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Eight out of the ten largest IT companies in Romania have curtailed their workforce in 2023, according to data compiled by Ziarul Financiar. The ten companies shed their combined workforce by some 2,000 after they had employed 2,600 more in 2022 (compared to 2021). The workforce dynamics are correlated with wages, and both of them…

The main BET index of the Bucharest Stock Exchange (BVB), which reflects the evolution of the 20 most traded shares, such as Hidroelectrica, Petrom, Banca Transilvania, and Romgaz, rose by 2.7% in May, according to the data compiled by Ziarul Financiar.  It was the best performance for the fifth month of the year since 2020,…

Romania’s seasonally-adjusted PMI index compiled by BCR bank within the S&P Global methodology, edged up to 52 points in May from 51.5 points in April.  It has thus remained for the second month in a row above the 50-point neutral benchmark, showing clear signs of recovery in the Romanian manufacturing sector after three months of…

AROBS Transilvania Software (BVB: AROBS), the largest technology company listed on the Bucharest Stock Exchange, announces the publication of the prospectus regarding the share capital increase. The group will offer a maximum of 174,258,721 new shares to investors aiming to raise up to EUR 32.5 million. The operation starts on June 3, 2024. “At AROBS,…

Superbet Group is among the three companies selected internationally by HackerOne to participate in this year’s edition of the Ambassador World Cup – the world’s most prestigious live-hacking competition. HackerOne is an American company specializing in cyberattack resilience management. Their operational model combines the security expertise of ethical hackers with the continuous discovery and assessment…

Azerbaijan Airlines inaugurated the Bucharest-Baku route on Monday, June 3. Present at the launching ceremony, economy and tourism minister Ştefan-Radu Oprea said the new air link will boost the economic, diplomatic, and cultural relations between the two countries. The new route will be operated twice a week, on Mondays and Thursdays. A one-way trip takes…

Six artists from Romania, together with a symphony orchestra, will bring Disney characters to life during the Disney in Concert show at Sala Palatului in Bucharest. The event is scheduled for October 13, and tickets can already be purchased online.  Alina Sorescu, Dalma Kovacs, Julie Mayaya, Florin Ristei, Liviu Teodorescu, and Vlad Miriță will go…

Portland Trust, one of the most active real estate developers in Romania, announced the sale of a 50-hectare plot of land in Moara Vlăsiei to Fall Creek, a global leader in blueberry breeding and plants.  The deal, whose value was not disclosed, marks a significant milestone in Fall Creek’s expansion into the European market, Portland Trust…

The Romania-Luxemburg Business Forum RomLux” is inviting all Romanian innovative companies to participate in the Nexus2050 event in Luxembourg, the most important event for ICT and emerging technologies in the region. Taking place the last week in June, Nexus2050 offers a unique opportunity to connect with organisations and partners that support and promote innovation in Luxembourg. This year, RomLux…

Adrian Ariciu, CEO of Metro Romania from 2020, has been promoted to the top of the Metro group. He will be the group’s new executive vice president for Eastern Europe and a member of the Board’s Executive Committee, roles in which he will be actively involved in establishing the company’s regional strategy in the coming…