Category: Uncategorized

The Anghel Saligny national investment scheme is facing a financial blockage, after the funds allocated for paying invoices were exhausted as early as July 18, said development minister Cseke Attila, Ziarul Financiar reported. Securing proper financing under the scheme is one of the conditions outlined by the interim leader of the Social Democratic Party, PSD,…

Austria’s green projects developer Enery Elements, with the Three Seas Initiative investment fund behind it, and Czech Rezolv Energy, backed by British fund Actis, are among the winners of the second stage of the EU-funded CfD scheme organised by Romania, aimed at developing 1.5 GW of new PV power generation facilities by 2030. Each of…

Over 200,000 tourists are expected to travel to the Romanian coast during the St. Mary’s mini-holiday this weekend, marking what is anticipated to be the most crowded period of the summer. According to Litoralulromanesc.ro, occupancy in seaside accommodations will exceed 95%, with many hotels already fully booked between August 15 and 17.  This year, the…

Romanian president Nicușor Dan spoke by phone on August 12 with his Ukrainian counterpart Volodymyr Zelensky, expressing Romania’s support for US president Donald Trump’s efforts to find a solution to the war in Ukraine, provided that “peace is reached with Ukraine at the negotiation table.” Dan also accepted Zelensky’s invitation to visit Kyiv this autumn.…

Romania’s green startup ecosystem is gaining more and more momentum, driven by a skilled workforce, reforms aligned with EU policies, and the climate emergency, according to a report prepared by Startarium and Impact Hub Bucharest. In 2024, there were over 2,300 startups in Romania, with a total estimated value of approximately EUR 19 billion. Romania…

Investment group ROCA acquired a 20% minority stake in the Adrem energy group, following approval from the Romanian Competition Council. Announced on Tuesday, August 12, the transaction will support Adrem’s strategic development and scaling plans. The investments will be primarily directed towards the expansion and diversification of EPC (Engineering, Procurement, and Construction) projects, the development…

The global IT hub established by JTI in Romania has expanded from 140 employees at the beginning of the year to 170 currently, and is set to exceed 200 by the end of 2025. Located in Bucharest, the hub is one of JTI’s six technology centers worldwide. The experts in Bucharest provide Digital and IT…

French-born virtual reality esports center EVA VR has recently opened its Bucharest location, promising a realistic and immersive combat esports experience suitable for corporate team-building events, birthday parties, and various other events. Inaugurated on June 7, the new location is part of an international network, Esports Virtual Arenas, which was established roughly 5 years ago.…

Three foreign citizens suspected of stealing jewelry and other goods during the Untold Festival in Cluj-Napoca were caught by Romanian police officers at the airport. The three, two men and one woman, all between the ages of 30 and 46, were detained while attempting to fly to Barcelona. Police from the Cluj-Napoca Criminal Investigations Bureau…

Over the last decade, Romania and Slovenia have delivered returns at the very top of the global table, right alongside the NASDAQ 100, but without NASDAQ-style valuations, according to an analysis from Divo Pulitika, board member at asset manager InterCapital. The figures registered over the last decade show a clear picture. Slovenia’s SBITOP, the main…