Category: Uncategorized

Hundreds of thousands of believers are expected over the course of a week at the Metropolitan Cathedral in Iasi, home of the remains of Saint Parascheva, the patron saint of the Moldova region. The pilgrimage began Thursday morning, October 8, when the relics of Saint Parascheva were taken out in procession and placed in the…

As of 1 April 2027, Alain van Groenendael will become Chairman of Arval’s Board of Directors. Annie Pin, who will join Arval on 26 October 2026 as Senior Advisor to the Chief Executive Officer, will be appointed Chief Executive Officer of Arval on 1 April 2027. Over the coming months, Alain van Groenendael and Annie…

Bogdan Clipici has been appointed Regional Manager for Bolt for Business, the branch of the well-known ridesharing app dedicated to work travel and employee meals. In the new position, he will coordinate the corporate-client division in Romania, Poland, and Ukraine. Clipici, aged 30, previously worked for Bolt for Business Romania, where he contributed to the…

ProCredit Bank has relocated its Romanian headquarters and more than 160 employees to Business Garden Bucharest after leasing 2,500 sqm in the office complex. The transaction, brokered by Colliers, increased the project’s occupancy rate to 90%. The bank also opened a 175 sqm round-the-clock self-service area on the ground floor of Building A. “Relocating our…

A battery energy storage system (BESS) with a capacity of 120 MWh has entered operation in Teiuș, Alba county, project owner Eurowind Energy Romania and contractor Allview Energy announced. The facility has a power capacity of 60 MW and is connected to Eurowind Energy’s local photovoltaic park. The project was developed by Teiuș Solar, an…

In Bucharest: Animest Until October 11 More than 320 animated productions make up the program of the 21st edition of the event, a ten-day cinematic marathon for animation fans of all ages. More on the program here. Bucharest Photofest October 9 – October 18 The festival presents around 50 events across more than ten venues…

Bucharest secured EUR 87.44 million in non-repayable funding from the Modernisation Fund to purchase new electric public transport vehicles, mayor Ciprian Ciucu announced. The European Investment Bank confirmed the project as a priority investment for the Romanian capital, while the City Hall will be required to cover only the value-added tax. The funding will finance…

Altex agreed to acquire Kingfisher’s 31-store Brico Depot chain in Romania for EUR 70 mln in December 2024. The transaction was completed in 2025, with Brico becoming part of the Altex group alongside the Altex and Media Galaxy brands. The company opened the two stores on September 8 within the same commercial project in Vaslui,…

The estimated increase ranges from RON 0.25 to RON 0.50 per kWh, as reported by Ziarul Financiar. The association revised its estimates made in August 2026 following the extension of the electricity market alert situation well beyond initial expectations, as well as changes in its forecasts for gas prices and the exchange rate. Data from…

The central bank may nevertheless provide some insight into its exchange-rate policy after the leu lost around 2% since July amid a more flexible managed-floating exchange-rate regime and a decline in foreign-exchange reserves. Comments by central bank spokesmen following the sharp depreciation episode in early October suggested a change in the BNR’s reaction function, with…