Category: Uncategorized

Romanian startup rentnbuy.com, a proptech platform connecting tenants and landlords, has officially launched on the local market after securing a EUR 550,000 pre-seed investment at a valuation of more than EUR 5 million. The company said it plans rapid expansion across Central and Eastern Europe, Ziarul Financiar reported. The platform, which eliminates traditional brokerage commissions…

Romania is set to transfer to Ukraine the 23rd military aid package since the start of the war, according to Ukrainian defense minister Denys Shmyhal. Romania “has already provided Ukraine with 22 military aid packages, and soon our soldiers will receive the 23rd,” the minister said in a Facebook post, without giving details about what…

Romania is among the European countries with the lowest share of employees working overtime, according to data from Eurostat, the European statistics office. Therefore, in 2024, only 1.8% of Romanian employees aged between 20 and 64 declared that they had worked overtime. At the European Union level, 6.6% of employees worked long hours in 2024,…

The Social Democrats (PSD) expressed discomfort with plans of their ruling coalition partners, PNL and USR, considering a joint candidate for the Bucharest mayoral elections, who would defeat their potential candidate that tops the polls at this moment. PSD leader Sprin Grindeanu even said such an option would result in the collapse of the ruling…

ROCA FP, a consortium formed by Romanian investment consultant ROCA Investments and Luxembourg-based fund manager IRE AIFM HUB, has set out an ambitious growth plan for Fondul Proprietatea (FP) after emerging as the preferred candidate in the fund’s ongoing management selection process, Economedia.ro reported. The consortium aims to increase FP’s assets under management from the…

Green Tech International (BVB: GREEN), a company that supplies geothermal water in Călimăneşti-Căciulata and the only stock listing this year on the Bucharest Stock Exchange, recorded a net profit of RON 0.59 million at a consolidated level in H1 2025, down 63% compared to the same period last year.  The operating income decreased by 18%…

Mariana Gheorghe, former EBRD Senior Banker, CEO of OMV Petrom, and until 2023 a member of the ING globally Supervisory Board, was appointed pending regulatory approval as a member of UniCredit Romania’s Supervisory Board to replace a resigned member.  The appointment of Mariana Gheorghe is subject to approval by the National Bank of Romania, Ziarul…

Finance minister Alexandru Nazare, on August 25, handed over, at the ministry’s headquarters, two financing agreements worth a total of RON 170 million (EUR 34 million) to the car parts producer DRM Draxlmaier Romania Sisteme Electrice and automobile producer Dacia. The grants were extended under the state aid scheme provided for by Government Decision  (HG)…

The objections raised by the Social Democratic Party (PSD) over Romania’s second package of reforms are being examined by prime minister Ilie Bolojan, and solutions are likely to be reached with PSD interim leader Sorin Grindeanu, Liberal senator Daniel Fenechiu said on August 25, according to statements at the Senate cited by Agerpres. Fenechiu stressed…

The Social Democratic Party (PSD) has returned to the meetings of the ruling coalition in Romania on August 25 after more than three weeks of boycott, and the four parties have reportedly agreed that the second package of reforms can be sent to Parliament for approval under the simplified procedure by the end of the…