Category: Uncategorized

Anca Nacu has been promoted to the position of Chief Investment Officer of real estate company NEPI Rockcastle, while Justyna Bartosz has been appointed Group Leasing Director. The appointments come as Marek Noetzel officially took over as CEO of NEPI Rockcastle.  Anca Nacu has over 20 years of experience in finance and M&A. She joined…

Giuseppe Carella has been appointed country manager of Nestlé Romania. In addition to this role, he serves as CEO for South and Eastern Europe SEE Market (Romania, Bulgaria, Ukraine, Moldova, Adriatics), leading the business from Bucharest. Silvia Sticlea, who has led Nestlé Romania since 2022, will take on a new role in the Zone Europe…

The Romanian seaside will host two international yachting competitions this May, namely the Constanța Stage of the EurILCA Europa Cup 2026 and the Optimist International Regatta, Romanian Yachting Federation (RYF) announced. The EurILCA Europa Cup 2026 is meant for athletes aged 14 and older, while the International Optimist Regatta is for children aged 6 to 14.…

More than 800,000 bicycles were assembled last year at a factory in Timișoara for the European network of Decathlon, the company announced. Over 90% of the production was exported to EU markets, as well as the UK, Turkey, and Switzerland. The facility, one of the largest of its kind in Southeast Europe, spans 28,000 square…

Lender Banca Transilvania has provided a financing of over EUR 50 million for the Hampton by Hilton Venice Isola Nuova. Granted through its Italian branch, the loan will be used to refinance the hotel’s development costs. It is the lender’s largest cross-border financing to date, Banca Transilvania said. Hampton by Hilton Venice Isola Nuova is managed…

The shareholders of the National Company Administration of Maritime Ports (CNAPM) Constanţa approved, in an extraordinary meeting on March 30, the increase of the company’s share capital by a maximum of RON 281.6 million (EUR 55 million), according to a note by Franklin Templeton – the administrator of Fondul Proprietatea (FP), which owns 20% in…

The World Bank’s (WB) Board of Executive Directors approved on Monday, March 31, a Development Policy Loan (DPL) worth USD 650 million, designed to support the Romanian government’s efforts to strengthen fiscal sustainability, boost the development of the private sector, and foster job creation, according to a release of the international financial institution. According to…

Romania’s tax authority ANAF announced 14 million visits within the first 24 hours of launching its new digital auction platform. The system allows users to browse and participate in auctions for goods seized or managed by the state through a fully online process. The platform, eLicitațiiANAF, was developed by the ANAF in collaboration with the…

The leader of the Social Democratic Party (PSD), Sorin Grindeanu, was summoned to the Presidency on the morning of Wednesday, April 1, for a face-to-face meeting with president Nicușor Dan, political sources told G4media.ro. Discussions are expected regarding the recent conflicts within the ruling coalition.  PSD has constantly pressured for re-shaping the ruling coalition by…

Prosecutors of the National Anticorruption Directorate DNA, conducting searches at the headquarters of the Road Authority – ARR and at the domicile of ARR’s head, Cristian Anton, found EUR 350,000 in a shoebox held by the top public servant in his closet. By the end of the day, the cash found in Anton’s home reached…