Category: Uncategorized

The Nusco real estate group has signed a partnership with Turkey’s Medicana Health Group, one of the largest international medical networks, to develop the first Medicana hospital in Romania within the Nusco City complex in Bucharest’s Pipera area, the company announced. The total investment amounts to more than EUR 46 million (excluding VAT), with construction…

The two founders and main shareholders of Romanian distribution group Aquila Part Prod (BSE: AQ) have transferred stakes worth 11.4% each to Cyprus-registered firms with no impact on the ownership structure, according to a company note to investors after the October 9 trading session. The share transfer was operated under two deals, summing up to…

The Liberty Galați steel mill in Romania received four offers, two from German Steel Mont and a company from Turkey for tolling (processing raw materials), and the other two for asset takeover, according to Ziarul Financiar. “We are in discussions. Four offers have been submitted. Two for tolling, from Steel Mont and a company from…

Foreign direct investment (FDI) in Romania’s real estate and construction sectors has tripled in absolute value in the last decade (2014-2024), reaching EUR 21.6 billion and accounting for 17.3% of total FDI stock at the end of last year, according to a Cushman & Wakefield Echinox analysis based on central bank data.  Foreign capital inflows…

The average monthly volume of consumer loans in Romania increased by 11.4% y/y in January-August this year compared to 2024, after a sharp 63% y/y surge last year, according to data from the National Bank of Romania (BNR). The slowdown, visible in the mortgage lending as well (although the refinancing obscures the volume of new…

Romania’s digitalization efforts remain blocked despite having one of Europe’s strongest and most affordable internet infrastructures, as public digital services are fragmented and inefficient, according to a study released by the Edge Institute. The analysis, carried out in collaboration with several experts from Estonia – widely regarded as a model for digital administration – concludes…

Sophia, the Romanian retailer specializing in custom textile decorations, has inaugurated a new franchised showroom in Timișoara, marking a EUR 50,000 investment and extending its footprint in western Romania. The new store offers custom-made curtains, drapes, and interior textile decorations. The opening supports the company’s broader expansion strategy, which aims to reach up to 100…

Only two Romanian universities, namely the Bucharest University of Economic Studies and the Carol Davila University of Medicine and Pharmacy in Bucharest, appear in the top 1000 of the Times Higher Education World University Rankings 2026, published on Thursday, October 9.  Around 30 higher education institutions from Romania submitted data for the ranking, but only…

Google’s new AI-assisted search mode, the so-called AI Mode, is now available in Romania and in the Romanian language, powered by Gemini 2.5, according to a press release from the company. AI Mode functions as a distinct option within the Google search engine. The user can enter a question in the search bar and then…

A consortium led by Romanian technology group Metaminds, along with Trencadis Corp, announced the signing of the framework agreement for the provision of “Internal Cloud ICT Solutions and Products” as part of the implementation of Romania’s Government Cloud. The project aims to develop a modern, secure, and high-performance IT infrastructure that will support the digitalization of…