Category: Uncategorized

Chinese bamboo products manufacturer Long Bamboo Technology Group Co., a supplier to Swedish retailer IKEA, has entered the Romanian market to establish a furniture production facility, Profit.ro reported on May 8. The company, headquartered in Hong Kong and with manufacturing operations concentrated in Nanping, China, is one of the country’s leading producers of bamboo household…

The Mangalia shipyard in Romania is resuming operations gradually following its entry into insolvency in 2024 after Dutch shipbuilding group Damen withdrew from the joint venture. The shipyard’s management has introduced measures to stabilize finances and revive activity, with employee salaries to be paid in phased installments, Ziarul Financiar announced on May 8. The company’s…

The Belgian manufacturer of metal roofing systems Metigla, with a factory in Ceptura, Prahova County, announced a EUR 15 million investment plan in expanding production, automation, and employees.  “In 2025, we will consolidate our presence in key markets and gradually expand this model to more European countries. We invest in sustainable products, automation, teams, and…

Chinese electric vehicle manufacturer BYD officially launched operations in Romania, introducing its full-electric and plug-in hybrid models to the local market, Economica reported on May 8. The move is part of the company’s broader strategy to expand across Europe. BYD’s initial retail presence includes showrooms in Bucharest, in partnership with Țiriac Auto and DAB Auto.…

The local currency kept losing ground on May 9 despite reported interventions by the central bank.  The interest rates rose, and the Stock Exchange’s indices resumed the decline on May 9 after a modest gain on the previous day.  The development suggests a drain on liquidity from the money market, possibly amid hybrid interventions by…

Ilie Bolojan, the interim president of Romania, has sent his “warmest congratulations” to Pope Leo XIV in a message posted on X. “Warmest congratulations to His Holiness Pope Leo XIV upon the election to the Chair of Saint Peter. May he have a long reign and guide the faithful all over the world with wisdom…

Victor Ponta, who served as Romania’s prime minister between 2012 and 2015, announced on Wednesday, May 7, that he is founding a party under the name “Romania First.” The platform will bring together PRO Romania, the party he founded after leaving the center-left Social Democratic Party, with the Romanian Ecologist Party, and other specialists and…

The second edition of the Learning Tapestry Conference takes place in Bucharest, at the Radisson Blu Hotel, on May 14th, and will bring together global experts in psychology, business strategy, education, and leadership. They will debate how we can build an education system capable of preparing young people to adapt, reinvent, and thrive in a…

Romania will receive CHF 10 million in funding for the development of dual education, as part of a second Swiss contribution, the Switzerland – Romania Chamber of Commerce (CCE-R) announced. The funding is part of a program for the development of dual education that aims to support the integration of young people into the labor…

The Romanian Parliament approved a draft law that increases the amount of punishment for unauthorized operations with pyrotechnic articles on Wednesday, May 7. Initiators of the bill say that every winter hundreds are injured due to firecrackers, most of them children. Mihai Weber, the Social-Democratic Party ()PSD) member of Parliament who initiated the bill, says…