Category: Uncategorized

Studium Green, a company from Cluj-Napoca specialized in real estate development, has completed the sale of several plots of land in Jilava, near Bucharest, to the Altex group and the furniture and home décor retailer mömax, part of the Austrian company XXXLutz. The total value of the transactions exceeds EUR 17 million. The lands will be…

Cluj-based deep-tech startup .lumen, known for its AI-powered glasses for the visually impaired, has joined the EUR 7.8 million program VR Health Champions as a flagship SME.   Through the VR Health Champions project, .lumen will co-develop its second-generation product, a smaller, more refined version designed for global markets, the company said. The collaboration will enable…

Greenvolt Next, part of the Greenvolt Group, said that it completed a new photovoltaic power plant integrated with a high-performance energy storage system for Abund Berry, a company in the wild berry processing industry, in Buftea, Ilfov county. The PV system, with an installed peak capacity of 512 kWp, is equipped with an advanced battery…

Five Romanians, four men and one woman, have been sentenced to prison for raping and sexually abusing ten women, whom they drugged and sexually exploited in the city of Dundee, Scotland. The five Romanian citizens received sentences ranging between eight and twenty years in prison. The group, led by 38-year-old Marian Cumpănășoiu, drugged and abused…

The Romanian government has amended its fiscal austerity rules to ease restrictions on spending by local authorities, Digi24 reported. The decision modifies Emergency Ordinance (OUG) 52/2025, which had previously frozen most local administration expenditures until the end of 2025. Under the new provisions, municipalities and communes are again allowed to fund public events, including local…

The Romanian software and IT services industry continued its growth trajectory in 2024, exceeding the EUR 17.7 billion turnover threshold, a nominal increase of over 13% y/y or EUR 2.1 billion compared to the previous year, according to data presented by Diana Şipoş, executive director of the Employers’ Association of the Software and Services Industry…

Romanian telecom operator Digi Communications (BVB: DIGI) plans to list its Spanish subsidiary in an initial public offering (IPO) expected to value the business at around EUR 2.5 billion, Profit.ro reported. Digi has appointed Barclays, Santander, and UBS as global coordinators for the offering, while Rothschild will act as financial adviser. The IPO is targeted…

International rating agency Fitch has affirmed the issuer default rating (IDR) of Romanian state-controlled natural gas group Romgaz (BVB: SNG) at BBB-/negative, in line with the country’s sovereign, the highest rating the agency could have assigned to the company.  However, Romgaz’s BBB- rating benefits from a one-notch uplift from its bb+ Standalone Credit Profile (SCP)…

The International Center for Settlement of Investment Disputes in Washington (ICSID) rejected the Romanian government’s request to terminate the arbitration case filed by the Bulgarian group Eurohold (Eurohold Bulgaria AD) and its insurance arm Euroins Insurance Group (EIG) due to the withdrawal of the license and the declaration of bankruptcy of Romanian subsidiary Euroins Romania…

Swiss cement producer Holcim has signed a binding agreement to acquire Germany’s Xella Group, one of the largest players in Romania’s construction materials industry, Profit.ro reported. The deal, valued at EUR 1.85 billion, will see Holcim purchase Xella from US private equity firm Lone Star Funds.  Xella, headquartered in Duisburg, employs 4,350 people and operates…