Category: Uncategorized
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Romanian IT group Bittnet considers EUR 40 mln bond issues
Brothers Cristian and Mihai Logofătu, founders of the IT group of companies Bittnet Systems (BVB: BNET), requested completing the agenda of the company’s general meeting of shareholders scheduled for October 21 with a vote on the launch of two bond schemes of maximum sizes of RON 100 million (EUR 20 million) and EUR 20 million,…
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British investor Ghai Sant Ram launches HORIZON CITY – a EUR 130 mln residential project in the North of Bucharest
British investor Ghai Sant Ram announces the official launch of a new residential project in Romania. HORIZON CITY is shaping up to be one of the most significant residential developments currently underway in Bucharest. Located on Bulevardul Pipera no. 2/IXA, right next to Kaufland Pipera and the main business and lifestyle hub of Northern Bucharest,…
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Romanian president says no country plan, but expects economic normalisation by end-2026
Romania’s president Nicusor Dan assured there is “convergence” between the presidency and the government and highlighted the political stability, but admitted that in the absence of a country plan, some measures were perhaps not the best and warned of the lack of commitment to reforms at the medium and lower levels of the public administration. …
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Romanian president: Poland, NATO showed real-time readiness after Russian drone incursion
Romanian president Nicușor Dan said Wednesday, September 10, that Poland and NATO allies have proven they are prepared to respond swiftly after Polish forces downed Russian drones that entered the country’s airspace, in what he described as an unprecedented incident, news agency Agerpres reported. The incident marked the first time Russian drones have been downed…
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NOCA: Contemporary art center to open in Romania’s Oradea
NOCA (New Oradea Contemporary Art), a hub for to contemporary visual art, is set to open next month in Oradea, in northwestern Romania. It is meant as a “cultural lab dedicated to meetings between modern and contemporary art, multidisciplinary practices and events, and established and emerging artists.” The center was founded by Oradea City Hall…
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Romanian Community Summit takes place in Chicago this month
Representatives from across the Romanian diaspora and officials from Romania and the United States will take part in this year’s Romanian Community Summit 2025 (RoSummit 2025), set to take place in Chicago on September 20. The event is organized through a partnership of the Romanian-American community in Chicago and other diaspora organizations. It will focus…
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Via Transilvanica: Long-distance trail crossing Romania could receive EEA and Norway Grants funding, minister says
Via Transilvanica, the long-distance trail stretching between Putna, in northern Romania, to Drobeta Turnu Severin, in the southern part of the country, could receive funding of EUR 6 – 7 million from the European Economic Area (EEA) and Norway Grants 2021-2028, Investments and European Funds minister Dragoș Pîslaru told Agerpres in an interview. The funding…
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Romania selects Teodora Ana Mihai’s ‘Traffic’ as official submission for 2026 Oscars
Romania has chosen Teodora Ana Mihai’s Jaful Secolului/Traffic as its official entry for the Best International Feature Film category at the 2026 Academy Awards. Starring Anamaria Vartolomei, Rareș Andrici, and Ionuț Niculae, the movie will be released in Romanian cinemas on September 23. The film, written by Palme d’Or winner Cristian Mungiu and directed by Mihai,…
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Romania stands in solidarity with Poland after Russian drones breach airspace, officials say
President Nicușor Dan and defense minister Ionuț Moșteanu said on Wednesday, September 10, that Romania stands in full solidarity with Poland after Russian drones crossed into its airspace overnight, calling the incident an unacceptable violation of a NATO ally’s sovereignty and a dangerous escalation. The Polish military shot down the drones, saying the incident “posed a…
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Bucharest rises as cost-efficient hub for Global Capability Centres, study shows
Bucharest is emerging as one of Europe’s most attractive locations for Global Capability Centres (GCCs) as multinational companies seek lower costs and skilled talent amid tight labor markets in Western economies, according to a new study by Savills and CoreNet Global. The Romanian capital ranked 14th among 27 global GCC destinations for office costs, averaging…