Category: Uncategorized

The shareholders of the Bucharest Stock Exchange (BVB: BVB) approved on September 29 the participation in the share capital of a newly planned stock exchange in the Republic of Moldova, the institution announced. BVB will contribute EUR 400,000 during the establishment phase of the project, with the option to take part in future capital increases…

Hidroelectrica (BVB: H2O), the largest electricity producer in Romania, has revised its revenue and expenditure budget for this year, envisaging a 15% smaller net profit due to the drought that forced it to increase the volumes of energy purchased from the market for its customers, Economica.net reported. Thus, compared to the initial budget planning, Hidroelectrica…

OMV Petrom (BVB: SNP), the largest integrated energy producer in Southeastern Europe, has completed the acquisition of a 50% stake in the Gabare photovoltaic project, developed by Enery in Bulgaria, the company announced. The project has an estimated capacity of 400 MW, with an annual electricity production of approximately 0.6 TWh, making it one of…

The number of building permits for residential units rose by 4.4% y/y to 24,821 in January-August, while the permits issued for non-residential projects over the same period of time cover a total surface area 21.9% larger compared to the area authorised for construction in the same period last year, according to data published by the…

Baby Shower Bouquets: Brighten Romania’s Family Moments Romania’s love for family and community shines through in celebrations like baby showers, where friends and loved ones gather to welcome a new life. Flowers are a perfect way to add warmth and joy to these moments, making them unforgettable. You can send baby shower bouquets to a…

Carfix, the SaaS platform that interconnects insurers, brokers, auto repair shops, dealers, leasing companies, and end-users into a 100% online ecosystem, announces the closing of a strategic €1.25 million investment from Catalyst Romania, one of the most prominent Venture Capital funds in the region. Carfix develops digital solutions for complete claims management, automatic cost estimates,…

A new chapter begins at Grand Hotel Bucharest as Corso Brasserie reopens with a fresh Italian spirit. Overlooking the vibrant Nicolae Bălcescu Boulevard, the beloved boulevard restaurant has been reimagined as a place where authentic flavors, warm hospitality, and the easy elegance of a trattoria come together.  A journey of authentic Italian taste  The new…

Roughly half of Romanians used AI to compare products or services before making a purchase, according to “The eCommerce X-ray in Romania” study by easySales.  According to the study, which dissects consumer habits, 51.5% of Romanians have used and found ChatGPT or another AI tool useful to compare products or services before online purchases. Around…

The president of Romania, Nicușor Dan, announced on X that he welcomes the peace plan presented by US leader Donald Trump for Gaza, which he considers “a real opportunity” to stop the war and facilitate the release of hostages and the provision of humanitarian aid in the region.  In the same message, the head of…

The Romanian Army restarted a large-scale acquisitions program targeting US-made vehicles, weapons, ammunition, equipment, simulators, and training. The total value of the acquisitions exceeds USD 8 billion, Profit.ro reported. The program was initiated in 2023, when the Romanian Army approved the purchase of 54 modernized Abrams tanks and 12 tank chassis derivatives (4 recovery tractors,…