Category: Uncategorized

Bucharest recorded 777,756 tourist arrivals in the first five months of 2025, according to data from the National Institute of Statistics (INS), quoted by Agerpres.  The peak of tourist traffic was reached in May, with 189,594 arrivals, while January recorded the lowest level, of 129,458 arrivals. Most arrivals, namely 651,004 (83.7% of the total), were…

Bolt has launched its XL category in Bucharest, allowing larger groups of people to travel in the same car, according to a company announcement quoted by Profit.ro. The service is designed for groups of up to six passengers, such as families or groups of tourists traveling together. The company also introduced additional services in other…

Romania’s national railway operator CFR has signed with the Austrian group PORR Construct the contract for the design and execution of the rehabilitation works for the Băile Herculane – Poarta railway segment, Economedia.ro reported. This is part of the rehabilitation of the Craiova – Drobeta Turnu Severin – Caransebeş railway line. The total value of the…

OMV Petrom (BVB: SNP), the largest energy producer in South-Eastern Europe, will collaborate with Bucharest-based Bitum Truck to produce the company’s premium polymer modified bitumen.  The production process is patented by OMV and will be replicated in Romania. The product is used for long-lasting construction of roads and highways. At the same time, OMV Petrom…

Simtel (BVB: SMTL), an engineering and technology group listed on the main market of the Bucharest Stock Exchange (BVB), reported consolidated operating revenues of RON 192.8 million (EUR 38.5 mln) in the first half of 2025, up 81% compared to H1 2024. Of these revenues, the consolidated turnover totaled RON 190 million, representing a 91%…

Romanian agribusiness group Agricover Holding reported a 55% jump in first-half net profit on Tuesday, August 26, driven by higher lending volumes and a return to profitability in its farm input distribution segment. The company posted a net profit of RON 62.7 million (EUR 12.6 million) for the first six months of 2025, while consolidated…

Romania has signed a landmark agreement with German defense group Rheinmetall to build a EUR 535 million gunpowder plant that officials say will be the most advanced facility of its kind worldwide, the Economy Ministry announced. The project is seen as a strategic step in strengthening Europe’s defense industry at a time of heightened security…

Concerts, exhibitions, and outdoor film screenings are part of the weekend offer in the capital, where the public can also attend the many aerial demonstrations and aircraft displays part of the Bucharest Air Show. In Bucharest: George Enescu International Festival August 24 – September 21 The 27th edition of the event is held under the…

Romanian technology group AROBS Transilvania Software (BVB: AROBS) reported higher first-half earnings on Wednesday, August 27, supported by acquisitions and international expansion, even as its core automotive software business slowed. AROBS posted consolidated revenues of RON 215.4 million (EUR 43.2 million) in January–June, up 4% year-on-year. EBITDA rose 8% to RON 31.1 million, with a…

Romanian agribusiness group Agroland announced that it will access EUR 15 million in financing under the European Investment Bank’s (EIB) Recovery and Resilience Plan to fund the expansion of its poultry platform at Mihăilești. The investment, worth a total of EUR 20 million, will be used to build and equip 12 new halls with capacity…