Category: Uncategorized

BRD Finance IFN, the consumer finance arm of the BRD-SocGen group (BVB: BRD), on the Romanian market for 20 years, is reportedly in the process of selling its entire loan portfolio in Romania with EOS Group among the leading bidders, according to Profit.ro.  BRD-SocGen’s consumer finance arm will cease operating after the group decided to…

The construction works index in Romania contracted by 7.1% y/y, dragged down by the unexpectedly sharp 34.1% y/y plunge in the residential buildings segment, according to data published by the statistics office INS. However, the data show significant anomalies. Although the residential segment is reported as not performing recently (particularly since the beginning of 2023),…

Romania recently sent aid to the Gaza Strip through the maritime corridor from Cyprus and the new jetty constructed by the US in the northern part of the Palestinian enclave. The country is also set to receive and treat Palestinian children. Romania’s aid, which includes over 88,000 canned food items, is part of the effort…

Bucharest mayor Nicușor Dan received donations amounting to EUR 400,000 in the pre-electoral campaign, out of which EUR 100,000 from the Save Romania Union (USR), he explained at a press conference where he evaluated his mandate. Dan is running as an independent for a second mandate, backed by the United Right Alliance (ADU), made up of the…

Romania’s Financial Supervisory Authority (ASF) has withdrawn the operating license of FAST Brokers after the company’s head was arrested. Last year, the brokerage company won a three-year bid with the Romanian Army. Additionally, FAST Brokers won, as the sole bidder, the life insurance policies for Navy soldiers, valid until October 27, 2025.  To motivate its decision,…

SelfDezign, a local design and architecture firm, received the BIG SEE Interior Design Award 2024 for the best office design, a competition that awards the best architectural projects in Southeast Europe. The SelfDezign team, consisting of architect Irina Stoica, architect Daria Mihailov-Chiriac, intern architect Maria Mota, and brand strategist Toni Bunaiașu, won the award for…

The airport serving Oradea, in northwest Romania, inaugurated a new terminal on Saturday, May 18. Covering an extended area of 12,500 sqm, it doubled the airport’s capacity to 800 passengers per hour.  Under the same project, digitized systems were introduced to facilitate passenger and baggage processing, a smart building management system was implemented, and the…

A ship navigating under the Tanzanian flag sank on Saturday morning, May 18, in the Black Sea, after colliding with another 26 nautical miles from the Romanian coast. Eight crew members were rescued, but three were reported missing. At the time this news was published, the searches were suspended. The representatives of the Constanţa Court…

Carmolimp, a Brașov-based company, has invested over EUR 1.5 million in developing the “Litălși” brand for the mici, the traditional and popular Romanian grilled ground meat rolls. Although the product is intended for the Romanian market, it will be launched at an event on June 16 in New York, during “Romania Day” on the famous Broadway…

Nicolae Ciucă, a former prime minister of Romania and the president of the National Liberal Party (PNL), is set to release a book in June. Titled Un ostaş în slujba ţării/A soldier in the country’s service, the volume will be published by RAO, and the proceeds will be donated to charitable initiatives, according to the announcement…