Category: Uncategorized

Connections, a technology company listed on the AeRo market of the Bucharest Stock Exchange (BVB), has completed the sale of its Back Office Services division in Bulgaria, Serbia, and Romania, held through its company Outsourcing Support Services (OSSR),  to IGT Solutions, headquartered in India and with activity covering Europe. The transaction value amounts to EUR…

Romanian president Nicușor Dan, on July 23, formally requested the reconsideration of legislation that would transfer more than 500 hectares of land from the state to the “King Michael I” University of Life Sciences in Timișoara, citing insufficient justification and risks to the state’s assets, the Presidential Administration announced. The bill, initiated by Liberal Party…

Romanian pharmaceutical company Antibiotice (BVB: ATB) plans to invest RON 376 million (approximately EUR 70 million) in a new research and development center focused on the production of critical medicines, the company announced on July 24. The project, to be submitted for funding under the EU Health Program, will be presented for shareholder approval at…

In a move that may serve as a pilot project to be replicated by other state institutions, Minister of Environment Diana Buzoianu, presented on July 23 a reform plan for Romsilva, the company that manages the state forests. The proposed government decision to reorganize Romsilva aims to regionalize forestry directorates. Currently, there are 41 forestry…

The Romanian Government approved the creation of a working group for the reform of public enterprises during its meeting on July 24, Government spokesperson Ioana Dogioiu announced. The group, established by decision of the Prime Minister, will be tasked with evaluating the performance of state-owned companies and proposing structural reforms aimed at improving transparency, efficiency,…

Vinci Energies, a global player in energy and information technology services, will acquire Romanian energy solutions provider EnergoBit Group as part of its expansion in Central and Eastern Europe. The acquisition agreement between the founders of the Cluj-based EnergoBit – Stefan Gadola, Pál Péter, and Ioan Socea -and representatives of Vinci Energies was signed on…

The Titan Heavy Machinery (Mașini Grele) industrial platform in Bucharest’s District 3 will be put up for public auction, as part of the insolvency procedure, with a starting price of EUR 16 million. The assets include a 47,286 sqm plot of land, industrial halls with a total area of 34,870 sqm, an office building (Basement…

Railway unions in Romania criticized the government’s plans to cut costs for the national railway operator, CFR, in a press release published on Wednesday, July 23. They say that low investments in rail infrastructure have lowered the average speed at which passenger trains travel to 44 km/h, while freight trains do not exceed 17 km/h. …

Roughly 69% of respondents to the Voice of the Consumer 2025 survey conducted by PwC Romania use apps or smart devices, which have influenced their daily habits, with a third even stating that they have significantly changed their lifestyle.  The use of health monitoring devices, such as smartwatches or glucose monitors, shows that Romanians are…

The Oradea Pride March will take place, even though Oradea City Hall has “banned” the event, according to the organizers, the ARK Oradea Association. Oradea City Hall denied ARK’s request to hold the march, citing public works and other public gatherings on each of the 11 proposed routes. No alternative routes were proposed, but the…