Category: Uncategorized

Mitoc Partners, indirectly owned by Italian investors (75%) and Romanian lawyer Edward Dobre (25%), is developing a major wind generation project in Botosani county, northeastern Romania, composed of three wind farms with an installed capacity of 305MW, Profit.ro reported. The project, which reached the stage of getting the environmental permit, is estimated to cost EUR 531…

The April headline inflation, to be published on May 14, was expected to decrease towards 6% y/y, but the hopes for entering the 2.5% +/-1pp were further delayed amid slightly higher inflationary pressures this year and an inflationary shock expected with the fiscal corrective package in 2025. The central bank has a yearend target of…

Exim Banca Românească Continues to provide loans under the IMM PLUS program this year as well, facilitating small and medium-sized enterprises (SMEs) and small businesses with medium market capitalization to access special financing conditions to ensure the liquidity needed for current operations or investments. The main characteristics of the financing are: The maximum value of…

Romania’s central bank on May 13 opted to keep the policy rate at 7%, despite a fragile majority of analysts (4 of 6, under a Bloomberg survey) expecting the first rate cut of the policy easing cycle.  The decision marks not only a mere deferral of the easing cycle – but a deeper change in…

The investment funds active in Romania are more optimistic about the evolution of the local market in 2024 compared to the previous year, according to Roland Berger’s Private Equity Outlook 2024. More than 70% of the respondents in the survey anticipate an increase in the number of transactions made by investment funds in Romania, after 2023…

The success rate of requests for bank loans registered on the 123credit.ro platform was approximately 4%, in the first quarter of the year, according to 123credit.ro, the main online credit platform in Romania. White Image together with 123credit.ro contributed to the efficiency of the process of obtaining a bank loan by automating the communications of…

Adobe Romania, primarily involved in software research and development for Adobe products with global impact, was named the winner in the Software Product of the Year category at the ANIS Gala, an annual event that recognizes and rewards the most significant achievements in the IT industry. In the competition, Adobe Romania was among the four…

The fourth edition of the Romanian Creative Week (RCW), will take place in Iași, eastern Romania, between May 15-26.  The event brings together over 1,000 Romanian and foreign artists, 200 events, 350 volunteers, dozens of exhibitions, film festivals, theater and dance performances, three days of fashion shows, as well as visual arts exhibitions, concerts, conferences,…

Kenyan Alex Nzioka Matata won the Bucharest Half Marathon held last Sunday, May 12, with a time of one hour, one minute, and four seconds. Second place was taken by another Kenyan, Chebor Elvis Tabarach, with a time of one hour, four minutes, and three seconds, while third place went to another Kenyan athlete, Kibet…

Systematic, a leading Danish provider of software solutions for digitalization that also has a development center in Bucharest with more than 150 skilled IT specialists, has been selected by NATO to provide Command and Control software. SitaWare Headquarters, the software chosen by the international organization, is also developed in Romania by the local team. Signing…