Category: Uncategorized

President-elect Nicușor Dan announced that formal negotiations to form Romania’s next government will begin on May 27, with discussions to involve the four main pro-European Union parties and representatives of ethnic minorities, Agerpres and Economica.net reported on May 24. Dan reaffirmed his preference for Ilie Bolojan, a senior figure from the National Liberal Party (PNL),…

Romania’s state-owned gas producer Romgaz (BVB: SNG)  is preparing to enter the Moldovan energy market with plans to supply up to 30% of the natural gas imported by the Republic of Moldova, Newsmaker.md and Profit.ro reported on May 23, citing company officials. Romgaz Chief Executive Officer Răzvan Popescu stated that the company is planning to…

Moldova-based agro-industrial conglomerate Trans-Oil Group, controlled by Vaja Jhashi, has received all necessary regulatory approvals from Romanian authorities to finalise its acquisition of Frial SA, an operator in the Port of Constanța, the company announced on May 22, according to Mold-street.com. The approvals, granted by the Romanian government and the Competition Council following a review…

The turnover of Romanian gambling and betting houses reported a significant slowdown (-12.5%) of their activity in Q1, dragging down the entire volume of services to households by 2.6% y/y, according to data published by the statistics office INS. The major segment of the market, which includes hotels and restaurants, posted a slight 0.2% y/y…

Grup Şerban Holding, a group of companies with Romanian capital, founded in Oneşti in 1994 by Irina and Nicolae Şerban, is investing EUR 11.5 million in a laying hen farm, out of which EUR 7.5 million is a grant from government, according to Ziarul Financiar. The laying hen farm in Orbeni, which includes ten halls,…

Real estate developer STC Partners has obtained financing of EUR 20 million from Banca Transilvania for the development of the Quartier Ferdinand residential complex, located in the center of Bucharest.  Quartier Ferdinand, developed on a 4,400 sqm plot, is the first residential project in Bucharest to be pre-certified as a ZEB (Zero Emissions Building). The…

Polish strategic investors have completed more than ten acquisitions in Romania across diverse sectors – including tourism, wine, IT, and courier services – over the past two years, Ziarul Financiar reported on May 23. The transactions reflect growing Polish interest in the Romanian market and signal a shift beyond traditional sectors such as construction materials,…

Romania’s president-elect Nicușor Dan stated on May 22 that increasing the value-added tax (VAT) rate is not a preferred option in the fiscal consolidation strategy currently being discussed with the caretaker government and political parties involved in forming the next executive, Economica.net reported. “I try not to take this into account,” Dan said in reference…

The Romanian software company Life is Hard, listed on the Bucharest Stock Exchange under the ticker LIH, announced a strategic investment of EUR 250,000 in RepsMate, a deep-tech startup, on Friday, May 23. RepsMate specializes in conversational AI and the intelligent automation of company-customer interactions. The investment reinforces the growth in LIH’s ENGINE division, which…

An autonomous, driverless bus was tested on Thursday, May 22, in Cluj-Napoca during the International Summit for Climate Neutrality, held under the slogan “Carbon OFF. Future ON,” to demonstrate the integration of modern technology into public transport.  The bus performed a demonstration tour on a short route, starting from the Radisson hotel, crossing George Coșbuc…