Category: Uncategorized

Foodservice operator Sphera Franchise Group announced plans to open five new Hard Rock Cafe restaurants across Romania and the Republic of Moldova over the next five years, beginning in 2026. The new locations will be launched in Brașov, Timișoara, Iași, Cluj, and Chișinău. The group has acquired the franchise rights from Hard Rock International and…

The European Film Academy revealed the list of candidates for the 2026 awards on Tuesday, October 14, presenting the feature films, documentaries, and animated films that qualify for next year’s event, which will take place in Berlin on January 17. Two of the shortlisted productions are from Romania. The shortlist includes 44 feature films, 15…

Romania’s national pavilion at Expo 2025 Osaka has welcomed more than 981,500 visitors over its 184 days of operation, the Ministry of Foreign Affairs (MAE) said on Tuesday, October 14. The pavilion, themed Romania – Land of Tomorrow, showcased the country’s cultural richness, innovation, and creativity through exhibitions, performances, and interactive programs. Over 760 Romanian…

When French entrepreneur Gad Aiach founded Mozar.io, he aimed to disrupt one of the least digitized corners of the corporate world — statutory audits. After 25 years in finance and audit, including roles at Arthur Andersen and Deutsche Bank, Aiach set out to bring greater efficiency, clarity, and accessibility to a field often seen as…

According to a press release from the Bucharest City Hall, violating the ban on circulation for supply, courier, and sanitation activities during peak hours in the city will constitute a misdemeanor and will be sanctioned with fines ranging between RON 3,000 and RON 5,000 (EUR 1,000), applied by the General Directorate of Local Police and…

Romania’s four-party ruling coalition, in its latest meeting on October 14, failed to agree on how to cut the payroll in the local administration, while the other key topic on the meeting’s agenda, regarding the long-overdue mayoral elections in Bucharest, was not even touched, Hotnews.ro reported.  The meeting marked a significant deadlock in the functioning…

The mergers and acquisitions (M&A) market in Romania reached a total value of approximately EUR 1.5 billion in the third quarter of 2025, according to a PwC Romania analysis, signed by George Ureche, partner. Compared to the same period in 2024, the market recorded an increase of over 50%, excluding the impact of the EUR…

Raiffeisen Bank has successfully completed a synthetic securitization transaction covering a portfolio of EUR 1 billion, signed with Munich Re, one of the largest reinsurance companies in the world. The transaction is structured on a portfolio of unsecured personal loans totaling RON 5.05 billion (EUR 1 billion), Ziarul Financiar reported.  The securitized loan portfolio will…

The International Monetary Fund (IMF) has revised downward its estimates for the growth of the Romanian economy this year, to 1% from 1.6% as forecast in April and 3.3% as the advance indicated in October last year, according to the latest World Economic Outlook (WEO) report published on October 14. The forecast compares positively to…

Romania’s total external debt increased by EUR 18.8 billion in the first eight months of 2025, reaching EUR 222 billion at the end of August, according to data published on October 14 by the National Bank – BNR.  Long-term debt accounted for 77.8% of the total, namely EUR 172.8 billion as of August 31, up…