Category: Uncategorized
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Sibiu Wine Festival debuts in May with 25 exhibitors, over 200 wines from around the world
Sibiu, a popular city in Romania’s central region of Transylvania, is set to host the first edition of the Sibiu Wine Festival, bringing together 25 top wineries and importers from Romania and Moldova, along with more than 200 wines from around the world. The event will take place on May 24–25 at the Hall of…
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Romanian cashback startup CashClub launches crowdfunding campaign on SeedBlink
CashClub, a Romanian loyalty platform that rewards users with financial benefits for every online purchase made from its network of partner stores, has launched an equity crowdfunding campaign on SeedBlink. The funds raised will go toward the platform’s tech development, expanding its partner network, and attracting new users. The company is offering 10% of its…
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British School of Bucharest introduces ‘Early Years Explorers’ – An exciting opportunity for young learners to start their educational journey through play and discovery
The British School of Bucharest (BSB) invites parents of children aged 2 to 4 years to join ‘Early Years Explorers’, a fun programme that fosters early learning through play. It is open to both children not yet enrolled at BSB and those who will be joining for the first time next year. The sessions will…
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Tight race ahead of Romania’s presidential elections, MKOR poll finds
With just days to go before Romania’s presidential elections, a new MKOR study shows an unpredictable and tense race. George Simion, the leader of far-right party AUR, remains the frontrunner in the first round, but the number of undecided voters has grown, and voter turnout is expected to drop. The results suggest that the outcome…
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Romanian energy minister calls for calm after major power outages in Spain, Portugal
Romania’s energy minister, Sebastian Burduja, issued a call for calm on Monday, April 28, after major power outages left Spain and parts of Portugal without electricity. Burduja, a visible member of the Romanian executive, gave assurances that Romania is not likely to experience similar outages. “In the context of the major power outages in Spain…
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Romanian opposition successful with simple motion against labor minister
With a majority of 61 votes to 59, the Romanian opposition parties have endorsed in the Senate a simple motion against labor minister Simona Bucura Oprescu, according to Hotnews.ro. It was the first defeat of the ruling coalition in Parliament, the leader of the far-right Alliance for the Union of Romanians (AUR), George Simion, announced. The…
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Romanian apparel producer develops production premises into mixed-use complex
Clothing manufacturer Braiconf from Brăila (BVB: BRCR) has obtained shareholder approval for a EUR 10 million loan through which it will undergo an urban reconversion to transform a former industrial site into a modern multifunctional hub, Ziarul Financiar reported. The company reported RON 17 million in revenue and RON 0.5 million loss for 2024. Braiconf…
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Romanian jewellery retailer Teilor pulls out from three foreign markets
Teilor Holding Group, with several bond issues traded at the Bucharest Exchange, announced on April 28 that it has decided to close its jewellery stores in the Czech Republic, Poland, and Hungary, due to the lack of medium and long-term prospects in these markets. The holding is still active abroad in Bulgaria. The announcement made…
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Romania receives an offer for H2-powered trains from Siemens
A consortium of firms within Siemens group has submitted an offer regarding 12 H2-powered trains that Romania seeks to contract, the Railway Reform Authority (ARF) announced on April 28 at a meeting of the committee supervising the procurement process, according to Economica.net. ARF has tried to buy hydrogen trains in previous years, but the previous…
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Penalties owed by Alstom for trains not delivered yet to Romania hit EUR 50 mln
The late-delivery penalties calculated by Romania’s Railway Reform Authority ARF for Alstom for the 37-train contract worth RON 2.4 billion (EUR 480 million) are nearing EUR 50 million, not including VAT, according to Agerpres. Out of the 37 interregional multiple electric frames RE-IR, only two have been delivered so far, of which one is already…