Category: Uncategorized

Râmnicu Vâlcea, Braşov, and Miercurea Ciuc are the cities in Romania perceived by residents as having the highest level of street cleanliness, according to the TRAI index produced by the Storia platform and quoted by Ziarul Financiar.  The cities that obtained the lowest score are Ploieşti, Giurgiu and Călăraşi. Bucharest ranks 26th out of 41…

A major scandal emerged in Romania shortly before the first round of the presidential elections on May 4. Presidential candidate Elena Lasconi, the leader of the reformist party USR, shared on May 1 pictures allegedly demonstrating compromising meetings held in December 2024 by her rivals Nicusor Dan (independent, Bucharest mayor) and Victor Ponta (independent, former…

Romania will repeat the presidential elections on May 4 with a second round on May 18, after the Constitutional Court stopped the process carried out in November-December last year amid intense fraudulent online activity that has amplified the rise of radical far-right candidates amid the broad disappointment of the Romanian electorate with the incumbent ruling…

British investment fund Fremman Capital is acquiring the European radiotherapy clinics chain with Romanian roots Amethyst from its founding shareholders and the American investment firm The Rohatyn Group (TRG), according to Profit.ro. Amethyst was founded in 2010 by Ludovic Robert, a French investor who used to be a shareholder in a big pharmaceutical company in…

Corden BioChem, a German industrial biotechnology company operating as an independent company within the International Chemical Investors Group (ICIG), announced it will begin production and plans investments of tens of millions of euros at the bioethanol factory it took over in Romania last year, according to Ziarul Financiar. The EUR 140 million plant was developed…

JT Grup Oil (BVB: JTG), the Romanian petroleum products distribution group that is developing a EUR 25 million oil terminal in Constanta port to boost the diesel imports, announced its net profit surged by 80% y/y to RON 10.3 million (EUR 2 million) in 2024 – close to the RON 11.8 million target set under…

The Mexican Grupo Bimbo, the largest global bakery player, is making a new acquisition in the local market by taking over Karamolegos Bakery Romania, the Mexican group’s latest financial report shows, without providing further details about the transaction, according to Just Food quoted by Romanian media. Prior to the Karamolegos Bakery Romania deal, Grupo Bimbo’s…

The hydropower projects under construction in Romania will be designated as national security priorities under a bill to be drafted in May, with the view of completing them and putting them online as soon as possible, acting president Ilie Bolojan announced after the April 30 meeting of the national defense council CSAT.  The unfinished projects,…

EVERGENT shareholders approved a gross dividend of RON 0.11 per share. The Activity Program and the Income and Expenditure Budget for 2025 have been approved, as well as an investment program valued at RON 224.9 million A share buyback operation was approved, aimed at reducing the share capital and implementing „stock option plan” programs. The…

The German Embassy in Bucharest announced on Wednesday, April 30, a financing of EUR 495,000 to support German-language education in Romania in 2025. The project aims to facilitate the continued learning of the German language at a native level for students in Romania through regular professional development of German-speaking teachers and the development of modern…