Category: Uncategorized

Romania, alongside Poland, is at the core of private equity firm Innova Capital’s investment focus, thanks to its scale, technical talent, and “entrepreneurial energy.” In this interview, Senior Partner Krzysztof Kulig discusses the firm’s local presence and some of the plans for the companies in its Romanian portfolio. Innova Capital has been present in Romania…

The lawmakers of reformist Save Romania Union (USR, ruling) have signed and promoted for approval six bills calling for the abolition of several institutions, which they claim to be “fake academies,” according to G4media.ro, citing senator Cristian Ghinea. The institutions were set up to create sinecures for politicians, USR claimed. According to Ghinea, the legislative…

The amendments promoted by the Social Democratic Party (PSD), including one for increasing the social spending this year under the so-called “solidarity package” by RON 1.1 billion (EUR 200 million, 0.05% of GDP), were approved by the Parliament’s labour committee on March 16 with the support of the representatives of the Alliance for the Union…

The Alexandria bearing factory, the largest private employer in Teleorman County, employing over 800, has been notified by its parent group –JTEKT Corporation of Japan – of a gradual closure, with an estimated completion in March 2027, according to Ziarul Financiar. The Japanese group JTEKT Corporation, one of the world’s largest manufacturers of bearings and…

Turkish group Tosmur has completed a second starch factory in Medgidia, eastern Romania, bringing total investment in the project to EUR 86 million and effectively doubling production capacity, according to Ziarul Financiar. The new facility follows the company’s initial EUR 75 million investment inaugurated in 2022. Construction on the expansion began in early 2024 and…

The Foreign Ministry (MAE) said Romania is not part of the ongoing conflict involving Iran, following the warning from Tehran over the use of Romanian military bases by the United States. Officials stressed that Romania remains focused on diplomatic efforts aimed at de-escalation. In a statement, the Ministry of Foreign Affairs said a 2006 bilateral…

Romanian Iulia Neagu, a PhD in physics at Harvard, sold the artificial intelligence startup Quotient to the American, Romanian-founded data giant Databricks. The two companies aim to improve the way AI agents are used in production environments, are evaluated, and optimized. The startup was launched in 2023 to create systems capable of measuring and improving…

Authorities in Bucharest have passed regulations to drastically limit the use of fireworks throughout the year. Companies that organize pyrotechnic shows will have to pay a fee of RON 500 (EUR 100) per minute and will need the approval of the City Hall.  The new measures were approved by the Bucharest General Council and are…

The Islamic government in Tehran warned Romania that providing bases to the US airforce amounts to participation in the attacks against it, according to a series of statements offered on Monday, March 16, by a spokesman of the Iranian Ministry of Foreign Affairs. The spokesman argued that Romania’s support for the US “would incur international responsibility…

Restaurant technology startup Choice has raised USD 7.1 million in new funding as it accelerates its expansion across Central and Eastern Europe (CEE), including Romania. The company entered the Romanian market in 2025 and has already attracted its first paying restaurants. The funding round was led by Portuguese venture capital fund Alea Capital, with participation…