Category: Uncategorized

American businessman Joel Weinshanker, known for managing the legacy and commercial operations linked to Elvis Presley, has acquired the majority stake in the company operating the famous Bran Castle, according to documents reviewed by Profit.ro. The transaction gives Weinshanker control over the management company overseeing one of Romania’s most visited tourist attractions. Located near Brașov,…

Cluj-Napoca’s metropolitan train project is advancing, and the tender for the construction of the new stations has been awarded. The Transylvanian city’s new train is one of the largest urban and metropolitan mobility investments in Romania The contract will be signed next week, and work will begin soon afterwards, according to longtime mayor Emil Boc.…

Impact Developer & Contractor announced it has submitted the documentation needed to obtain a building permit for a new access road serving the Greenfield Băneasa neighborhood in northern Bucharest. The EUR 2.5 million project is intended to improve traffic flow. According to the company, the new road will connect Teișani Alley with the old Bucharest…

The International Testing Agency (or ITA) announced on Thursday, May 7, that it has charged Romanian gymnast Ana Maria Bărbosu with an Anti-Doping Rule Violation for three whereabouts failures committed within 12 months. The athlete was provisionally suspended in accordance with the World Anti-Doping Code. Athletes such as Ana Maria Barbosu are required to provide…

About 73% of Romanian employees intend to stay in their current job, a result similar to the global one (72%) and 8% above the European standard (65%), according to Pluxee Romania’s annual study “Workplace Happiness Barometer”, conducted in partnership with the British technology company The Happiness Index. Romanians stand out for feeling that their team…

Romanian tissue paper producer Don Pedro has completed an investment of approximately EUR 15 million, intended to expand and modernize production capacities in Vâlcea County, according to Economedia.ro. Of the total amount, about EUR 11 million was directed towards the acquisition and installation of automated production lines, and approximately EUR 4 million was used to…

The head of Romania’s Treasury, Stefan Nanu, ruled out the risk of a sovereign downgrade “if the measures of the last 10 months are maintained,” according to Economica.net. “As long as we keep the course we have been on for the last 10 months, we have nothing to worry about. […] The fiscal consolidation does…

Romania’s long-term borrowing costs eased in recent days despite the ongoing political crisis, suggesting investors continue to expect a relatively quick restoration of political stability and fiscal policy continuity. The local currency showed signs of stabilisation after 3% negative correction during the first days of political instability – in the broader context of significant strengthening…

Romania’s retail sales, hit by the VAT rate hike in August 2025 and shrinking once again in the first two months of 2026, have partly recovered in March when the sales volume index edged up by 2.6% m/m while the annual dynamics (-2.3% y/y) remained in the negative area for the eighth consecutive month, according…

The National Liberal Party (PNL) and the reformist Save Romania Union (USR) announced they will coordinate their political actions in Parliament and during consultations with president Nicușor Dan following the collapse of the government. The two parties said their cooperation is aimed at defending Romania’s reform agenda after what they described as a “destructive” alliance…