Category: Uncategorized
-
Portuguese-language Film Festival kicks off in Timişoara next week
The first edition of the Portuguese Language Film Festival, an event gathering films from the Portuguese-speaking world, takes place between May 8 and May 11 at Cinema Studio in Timişoara. The festival highlights “the diversity and universality of the Portuguese language, one of the most spoken languages in the world, on four continents.” Through its…
-
Romania to buy 12 subway trains for new line linking Bucharest to Otopeni airport
The Romanian government approved the purchase of 12 electric subway trains during the meeting on Wednesday, April 30, in a project valued at RON 1 billion (RON 200.9 million). “The trains will be introduced on Subway Line 4, Gara de Nord–Străulești, and then on the future Line 6, 1 Mai–Otopeni,” Romanian prime minister Marcel Ciolacu…
-
Romanian oil company OMV Petrom sees profits drop 24% in Q1 of 2025
Oil and energy producer OMV Petrom, one of the largest companies in Romania, saw its profits drop 24% compared to the same period last year, reaching RON 1.1 billion (EUR 220.9 million). The company benefited from the rise in energy prices after the start of the war in Ukraine, with its profits rising sharply in…
-
Radu Jude’s Silver Bear winner ‘Kontinental ’25’ to open in Romanian cinemas in June
Radu Jude’s Kontinental ’25, which earned the Romanian director a Silver Bear for Best Screenplay at this year’s Berlinale, is scheduled to open in Romanian cinemas on June 20. The film, a mix of drama and comedy, follows bailiff Orsolya as she makes various attempts to address her feelings of guilt following the suicide of…
-
Romanian and female-founded AI startup based in London raises EUR 900,000 seed funding from GapMinder
Etiq AI, a female-founded AI-startup based in London, UK, founded by Iris Anson and Raluca Crisan, announced it has raised EUR 900,000 in seed funding led by GapMinder VC on Wednesday, April 30. The financing follows a previous grant funding of GBP 1 million from InnovateUK, and will be used to scale its newly launched…
-
NBI: The residential market in Bucharest enters a new stage of maturity
The growing demand for spacious apartments, increasing confidence in projects under development, the rising appetite for green-certified residential complexes, and the heightened interest in purchasing completed projects for investment purposes are the key trends of the first quarter in Bucharest’s residential market, according to a report by North Bucharest Investments (NBI), a leader in premium…
-
One United Properties’ shareholders approve payment of a dividend of EUR 15.6 mln for the financial year 2024
One United Properties (BVB: ONE), the leading Romanian green developer of residential, mixed-use and office real estate, held, on April 29th, 2025, the General Meeting of Shareholders (GMS). During the GMS, the shareholders approved, among other items, the distribution of the second tranche of the dividends from 2024 profits, the 2025 budget, and re-elected members…
-
Bucharest residential market enters a new stage of maturity, NBI says
Bucharest’s residential market is entering a new stage of maturity, marked by growing demand for spacious apartments, rising interest in green-certified developments, and increased confidence in projects still under construction, according to a report released by North Bucharest Investments (NBI). The report highlights several favorable factors for the real estate market in 2025, including a…
-
Romanian executive decides to support Elon Musk’s SpaceX after “positive” Starlink tests
Romanian prime minister Marcel Ciolacu announced in a post on X on Tuesday, April 29, that he mandated the telecom market regulator, ANCOM, to actively promote the revision of international satellite regulations after “positive results” conducted by Elon Musk’s SpaceX in the country. Last year, ANCOM allowed Starlink, the satellite internet service operator run by…
-
May 1 & weekend calendar: Tram parade & mici festival in Bucharest, Sunwaves, presidential elections and more
The weekend of the first round of the presidential elections is an extended one for many as May 1, Workers’ Day, is a public holiday. It comes with many outdoor events, but also a music festival on the Black Sea coast. In Bucharest: Tram Parade & marching band music May 1 The Bucharest Transport Company…