Category: Uncategorized

The European Startup Embassy, a new community project based in San Francisco, aims to connect Romanian and other European entrepreneurs with business opportunities in the United States that facilitate rapid scaling, access to capital, and strategic partnerships.  The Embassy will provide startups and investors, especially from Central and Eastern Europe, with a base from which…

UK-based investment fund First Property Group has completed the sale of the Dr. Felix 87 office building in Bucharest’s Victoriei Square to Stock Exchange-listed company Bucur S.A. In this transaction, which closed on October 1, Colliers acted as the exclusive sell-side advisor. The Dr. Felix 87 building offers 2,850 sqm of office space, fully leased…

ASSIST Software, a Romanian leader in custom software and artificial intelligence, has officially opened its first international office in Augsburg, Germany. The decision marks a historic milestone for the Suceava-based company, transforming its European presence and aligning its strategy with one of the continent’s most dynamic technology markets. Why Germany? Is it Europe’s AI Powerhouse?…

The budget planning for 2026 will begin in November, Romanian finance minister Alexandru Nazare said in a press conference on October 1, adding that the plan for next year should be drafted in such a way that no budget revisions would be necessary. “Starting in November, discussions will begin for the construction of a new…

Romanian analysts surveyed by Ziarul Financiar questioned Romania’s 6%-of-GDP public deficit target mentioned by president Nicusor Dan.  “In practice, a decrease in the deficit by two percentage points of GDP, in such a short time, is impossible,” said economics professor Aurelian Dochia.  In turn, Adrian Codirlaşu, president of CFA Romania, argued that “a 6% of…

An educational board game dedicated to Roma history is to be launched this week in Romania, aiming to fill a long-standing gap in school curricula where the community’s past has been largely absent. The game, called Inelul Timpului (The Ring of Time), was developed by the association Cu Alte Cuvinte (CUAC) in partnership with the…

Wolt Romania has launched a global first for the company by transforming decommissioned Tazz delivery bags into school backpacks and pencil cases for children at risk of dropping out of school. The initiative, developed in partnership with World Vision Romania and social enterprise Atelierul de Pânză, repurposed the bags that were retired after the company’s…

Romanian political parties directed 53% of their RON 174 million (EUR 35 million) in public subsidies during January-August towards media and propaganda expenses, according to a report published by the Expert Forum (EFOR) on October 1. The watchdog estimates that by the end of 2025, total party subsidies will reach RON 284 million (EUR 57…

The stock of industrial and logistics spaces in the Romanian market is approaching the threshold of 8 million square meters, over 60% of which is located in projects within a maximum of an hour’s drive from Bucharest, while Moldova and Oltenia remain the least developed, but with high potential to recover the gap with the…

Electromontaj, the Romanian construction company that won the contract to renovate the Vidraru dam, is preparing for an initial public offering (IPO) on the Bucharest Stock Exchange (BVB), Ziarul Financiar reported. The offering, expected to raise RON 77 million and give the company a market valuation of about RON 700 million (EUR 140 million), will…