Category: Uncategorized
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Timișoara mayor joins European peers in visit in support of arrested Istanbul mayor Ekrem İmamoğlu
Timișoara mayor Dominic Fritz has traveled to Istanbul as part of a delegation of European mayors showing solidarity with the arrested mayor Ekrem İmamoğlu. The European delegation also includes the mayors of Barcelona, Athens, Budapest, Sofia, Utrecht, and Zagreb. The European mayors want to draw attention to “the political nature of the arrest of Ekrem…
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Romania’s president reportedly weighs business lawyer Gabriel Zbârcea for Intelligence Service chief
Romanian media reported on Wednesday, August 27, that president Nicușor Dan is considering business lawyer Gabriel Zbârcea to lead the Romanian Intelligence Service (SRI), a politically sensitive appointment that requires parliamentary approval. G4media.ro first reported Zbârcea’s name among the latest contenders for the role, alongside other figures floated in recent days, while Euronews Romania and…
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Romanian selected among finalists for European Woman Angel of the Year
Romanian Ana Maria Andronic is among the five national nominees shortlisted for the Golden Aurora Award 2025 – European Woman Angel of the Year, Start-up.ro reported. The award recognizes female business angels “who are shaping the future of innovation, entrepreneurship and impact investing across Europe.” The nominees were selected for their track records in early-stage…
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Bucharest sees more than 770,000 tourist arrivals in the first five months of the year
Bucharest recorded 777,756 tourist arrivals in the first five months of 2025, according to data from the National Institute of Statistics (INS), quoted by Agerpres. The peak of tourist traffic was reached in May, with 189,594 arrivals, while January recorded the lowest level, of 129,458 arrivals. Most arrivals, namely 651,004 (83.7% of the total), were…
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Bolt service for larger groups available in Bucharest
Bolt has launched its XL category in Bucharest, allowing larger groups of people to travel in the same car, according to a company announcement quoted by Profit.ro. The service is designed for groups of up to six passengers, such as families or groups of tourists traveling together. The company also introduced additional services in other…
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Austria’s PORR gets EUR 400 mln railway rehabilitation contract in SW Romania
Romania’s national railway operator CFR has signed with the Austrian group PORR Construct the contract for the design and execution of the rehabilitation works for the Băile Herculane – Poarta railway segment, Economedia.ro reported. This is part of the rehabilitation of the Craiova – Drobeta Turnu Severin – Caransebeş railway line. The total value of the…
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OMV Petrom partners with Bucharest company to produce premium bitumen
OMV Petrom (BVB: SNP), the largest energy producer in South-Eastern Europe, will collaborate with Bucharest-based Bitum Truck to produce the company’s premium polymer modified bitumen. The production process is patented by OMV and will be replicated in Romania. The product is used for long-lasting construction of roads and highways. At the same time, OMV Petrom…
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Bucharest Exchange-listed engineering and tech group Simtel reports 81% higher revenues in H1 2025
Simtel (BVB: SMTL), an engineering and technology group listed on the main market of the Bucharest Stock Exchange (BVB), reported consolidated operating revenues of RON 192.8 million (EUR 38.5 mln) in the first half of 2025, up 81% compared to H1 2024. Of these revenues, the consolidated turnover totaled RON 190 million, representing a 91%…
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Romania’s AROBS lifts H1 EBITDA 8% on acquisitions, US expansion
Romanian technology group AROBS Transilvania Software (BVB: AROBS) reported higher first-half earnings on Wednesday, August 27, supported by acquisitions and international expansion, even as its core automotive software business slowed. AROBS posted consolidated revenues of RON 215.4 million (EUR 43.2 million) in January–June, up 4% year-on-year. EBITDA rose 8% to RON 31.1 million, with a…
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Romania’s Agroland secures EUR 15 mln EIB-backed loan to triple egg production capacity
Romanian agribusiness group Agroland announced that it will access EUR 15 million in financing under the European Investment Bank’s (EIB) Recovery and Resilience Plan to fund the expansion of its poultry platform at Mihăilești. The investment, worth a total of EUR 20 million, will be used to build and equip 12 new halls with capacity…