Category: Uncategorized

Romania inaugurated a National Maintenance Center for the HIMARS system in an event attended by defense minister Angel Tîlvăr. He argued that the center allows countries in the region whose armies are equipped with such systems to send their equipment for maintenance or repairs here. The HIMARS system is a US-made light multiple rocket launcher…

MINA, the Museum of Immersive New Art in Bucharest, opened registrations for the Summer Camp – a five-day creative camp for children aged 7 to 13. In the weeks of July 8-12 and July 22-26, children will participate in a variety of activities “designed to develop them artistically and emotionally,” museum representatives said. From drama…

SIGNAL IDUNA, the leader in health insurance, offers its clients a new option for group health insurance – the possibility of co-payment – providing all companies in Romania with the opportunity to customize employee benefits. This option allows for the adaptation and configuration of covered medical services according to the specific needs of each team,…

Habitat for Humanity Romania, the Hercules Association, and partner companies inaugurated the BufKids cafeteria this week, offering hot meals to 50 vulnerable children in Buftea, a town roughly 20 km from Bucharest. The cafeteria has its own kitchen and is an extension of the BufKids Center. The initiative supports efforts to fight poverty and promote…

The area of forests in Romania increased by 3,159 hectares last year, totaling 6.45 million hectares, while the volume of harvested timber decreased by 5.3%, according to data published by the National Institute of Statistics (INS).  At the same time, the national forest fund increased by 2,284 hectares, reaching 6.6 million hectares. This increase is…

A high number of over 100 investors submitted grant requests for their power storage projects under a scheme with a budget of only EUR 80 million launched in February, according to Profit.ro.  Major companies such as OMV Petrom, Electrica, and Engie are among the bidders.  Under the scheme, financed from the National Resilience Facility (PNRR),…

Local retailer La Cocos, with its turnover leaping by 36.5% y/y to RON 974 million (nearly EUR 200 million), is the first Romanian player to make it to the top ten largest retail chains in the country, according to 2023 financial data collected and compiled by Economica.net.  Carrefour taking over local operations of Cora –…

Romania’s major metal roofing systems producer Bilka is planning to build its first factory abroad in order to spur exports that are constrained by the manufacturing activities being concentrated within the country, the company’s founder and CEO Horatiu Tepes told Ziarul Financiar. “We are working hard on this project. I hope that by the end…

Polish retailer Żabka transferred EUR 20 million to its Romanian subsidiary, which is preparing the launch of its first five stores in central parts of Bucharest, part of a larger 200-store plan for this year, according to Profit.ro. Romania’s competition authority cleared the takeover of local distribution company DRIM Daniel Distributie FMCG by Polish convenience…

The number of employees in the business process outsourcing (BPO) industry will increase by 10% in the next two years, up to over 200,000, according to projections expressed by Cătălin Iorgulescu, vice-president of the Association of Business Service Leaders (ABSL), the representative association for this industry, quoted by Ziarul Financiar.  He implied that global companies…