Category: Uncategorized

Private pension funds in Romania had assets of RON 220.41 billion (approximately EUR 42.1 billion) at the end of March 2026, up 33% compared with the same period of the previous year and 5.4% higher than at the end of the previous year. At the same time, as a share of the GDP, the total…

The weather service expanded the red heat alert for most of Romania, including Bucharest, as temperatures are expected to climb as high as 41 degrees Celsius over the next two days. Authorities in the capital deployed additional cooling infrastructure, including water mist showers and public drinking fountains, to help residents cope with the extreme heat.…

Energy infrastructure company ENEVO Group and Vienna-based energy developer and investor Kraftfeld have signed the contract for the construction of a battery energy storage system – BESS – with a rated power of 110 MW and an energy storage capacity of 220 MWh in Drăgănești-Olt, in southern Romania’s Olt county, the companies said. Kraftfeld is…

G.A.C. Group, an international consultancy company headquartered in France, has acquired CRIUS Consulting, a Romanian consultancy firm focused on EU funds and state aid. The CRIUS Consulting management team will continue to play an active role in the company’s development and will join G.A.C.’s executive team in Romania, led by Florin Luca, G.A.C. said, as…

MP Lifts has taken over Koppel Romania Ascensoare SRL, a business focused on elevator maintenance, repairs, and modernization. The company will be integrated into MP Lifts’s Romanian branch, MP IFMA. This strengthens MP IFMA’s presence in the Romanian market and increases its lift maintenance portfolio in Bucharest, the company’s main operational hub in the country,…

President Nicuşor Dan has called on parties to return to talks and negotiate a parliamentary majority that could support the appointment of a prime minister. The president’s appeal came after talks held on Friday, June 26, with the leaders of the former governing coalition. The Social Democrat Party (PSD) has proposed its president, Sorin Grindeanu,…

The number of Romanian sellers on Trendyol has increased elevenfold compared to the same period last year, the e-commerce platform said. Approximately 95% of the 11,000 Romanian sellers active on the platform are SMEs. Since the beginning of 2026, Romanian sellers have generated 55% of the marketplace’s total sales volume in the country. The best-performing…

Rohde & Schwarz Topex and its center of competence for Voice Communication Systems (VCS) are consolidating its presence on the Bucharest office market through a renewal and expansion transaction at myhive IRIDE | nineteen, owned by CPI Romania. Under the agreement, brokered by real estate consultancy Crosspoint Real Estate, the company has extended its lease…

In a position statement submitted to the Romania Insider editorial office, the employers’ association of bankers, FinBan, said that the historic fine handed down by the Competition Council to the largest Romanian banks does not entitle every client to compensation.  Earlier this month, the Competition Council said that ten banks breached the competition regulations and…

The European Commission approved on Friday, June 26, a state-ensured capital increase of EUR 1 billion and the extension of the state guarantee granted to the Investment and Development Bank until the end of 2032.  The Investment and Development Bank was established in 2022, in addition to the activity of commercial banks, with the aim…