Category: Uncategorized

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…

The deal execution platform SeedBlink and Andrei Hâncu, the platform’s Chief Legal Officer, have launched SeedBlink Legal, the platform’s legal arm, operated by Andrei Hâncu Law Office. It is meant to serve founders, investors, angel networks, family offices, VCs, and PEs navigating every stage of growth. It adds to SeedBlink’s infrastructure, which covers fundraising solutions,…

The government of Romania, in an extraordinary meeting on Tuesday, March 31, approved the draft emergency ordinance that extends by three months, until June 30, 2026, the limitation of commercial markup charged by producers, importers, distributors, and retailers of basic foods, Digi24 reported. The measure, aimed at preventing excessive rise in food prices and enforced…

Mihai Mincan’s Milk Teeth has gathered the most nominations at this year’s Gopo Awards, which recognize the achievements of local cinema. The two juries reviewed 124 Romanian films (feature films, documentaries, and shorts) that were released last year in cinemas, at national and international festivals, and on streaming platforms. The winners will be announced on…