Category: Uncategorized
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Romanian meat producer, processor establish joint venture to tackle ready-to-cook segment
Poultry Investment, with Romanian and Hungarian investors, and Authentic Meat, a Romanian company specializing in meat processing and preparation, have joined forces to enter the ready-to-cook segment. The newly created company, Meat Partners SRL, has introduced, under the Puiul de Crăiești brand, the Bistro range of ready-to-cook products. Currently, the line includes breaded schnitzels and…
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Westlake to acquire compounding solutions business of ACI, owner of plant in Romania
Westlake Corporation (NYSE: WLK) announced it has entered an agreement to acquire the global compounding solutions businesses of the ACI/Perplastic Group, a Portugal-based global manufacturer of specialty materials serving the wire and cable sectors, Profit.ro reported. The transaction, which helps expand Westlake’s offerings, is expected to close in early 2026, subject to customary closing conditions,…
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Romania to hike taxes on cryptocurrency and stock market gains
Romania plans to significantly increase taxes on cryptocurrency and stock market gains, with the government preparing to take responsibility for a draft law that will raise the respective tax rates starting next year, according to Profit.ro. The measures are part of a wider package of fiscal changes aimed at increasing the state’s tax revenues. The…
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Romania raises VAT exemption threshold for small businesses, simplifies registration
Romania will increase the VAT exemption threshold for small enterprises to RON 395,000 (approximately EUR 78,000) from RON 300,000, starting September 1, 2025, the Finance Ministry announced following government approval of emergency legislation to amend the Tax Code. The measure implements EU Directive 2020/285, which aims to harmonize taxation across Europe and reduce administrative burdens…
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President Nicușor Dan condemns attack on Asian delivery worker in Bucharest: “Such acts are intolerable”
Romanian president Nicușor Dan has strongly condemned the assault of an Asian food delivery worker in Bucharest, calling it an intolerable act of xenophobic violence and urging authorities to treat it as a hate crime. He said, “Anyone living and working here deserves protection and equal treatment. It is not hate that defines us Romanians,…
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One United Properties posts a consolidated turnover of EUR 162.3 mln, gross profit of EUR 59.8 mln in H1 2025
One United Properties (BVB: ONE), Romania’s leading green developer of residential, mixed-use, and office real estate, recorded a turnover of 162.3 million euros in the first half of 2025, up 15% year-on-year (YoY), and a gross profit of 59.8 million euros, up 12% YoY, while the net profit stood at 49.6 million euros, up 8%…
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Romanian executive increases annual road vignette for cars
The Romanian government adopted on Thursday, August 28, the ordinance by which the annual road vignette for cars increases from EUR 28 to EUR 50. At the same time, fines will be doubled starting the second week of September, Biziday.ro reported. The provisions of this ordinance shall enter into force within 10 days from the date…
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Ricky Martin to perform in Bucharest in December
Ricky Martin will perform in Bucharest on December 16 as part of his Ricky Martin Live 2025 world tour, bringing his high-energy show to Romexpo Hall. The international superstar, known for fusing Latin rhythms with pop and global influences, is set to deliver a vibrant performance in Romania, according to the organizers. During the Bucharest…
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George Enescu Festival to reach over 20 cities in Romania, Moldova in 2025
Romania’s famous George Enescu International Festival is set to expand in 2025 across the country and in the Republic of Moldova. Alongside the main program held in the capital, in emblematic halls such as the Romanian Athenaeum, the Radio Hall, the Bucharest National Opera, the Bucharest National Theatre, and others, the Enescu Festival reaches over…
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Romanian police detain Turkish citizens involved in Bucharest Old Town armed attacks
Three Turkish citizens, including the alleged coordinator of recent shootings in Bucharest’s Old Town, have been detained by Romanian police while attempting to leave the country. The three were stopped near the Nădlac border crossing, located in western Romania, after police set up several checkpoints to find them. They were in a taxi and, according…