Category: Uncategorized

SPD Technology has officially established its presence in Romania, strengthening its position in the European market. This is another step in expanding the company’s presence in the European market and strengthening its regional position. The decision to choose Romania as a new hub for SPD Technology is strategic, based on several key factors. The country boasts…

Romania and Turkey are preparing to mark 150 years of diplomatic relations through a wide-ranging Cultural Season set to take place in 2028. The announcement followed a meeting in Bucharest on April 14 between culture minister Natalia-Elena Intotero and a high-level Turkish delegation led by Özgür Kıvanç Altan, the Turkish ambassador to Romania. The Romania–Turkey…

Investigation into the theft of Romanian archeological masterpieces from the Drents Museum continues roughly three months after the incident. Diederik Greive, chief officer of the Public Prosecutor’s Office in the northern Netherlands, said authorities are actively pursuing leads, expressing confidence that the priceless artifact will be recovered, RTV Drenthe reported. “We expect to find it,”…

Romania is facing a severe public health challenge as it reports 85% of all measles cases in the European Economic Area, according to data released by Monitorul Social, a project of the Friedrich Ebert Foundation Romania. The alarming figures highlight the country’s struggle with low vaccination coverage amid a regional surge in infections. Over the…

A Flashdata electoral poll carried out during April 10-12 and published by B1TV revealed that the far-right frontrunner candidate George Simion (Alliance for the Union of Romanians – AUR, 27% of the options expressed) leads at a thinner-than-anticipated margin. His main challenger may be the ruling coalition’s candidate, Crin Antonescu (Social Democrats-Liberals-Hungarians, 26%), with independent…

Romania’s Arctic Stream (BVB: AST), an IT integrator using Cisco technology to provide high-performance products and services, plans to pay RON 1.4 dividend per share this year (+16.6% y/y), resulting in a dividend yield of nearly 7% depending on the share’s price.  The dividend proposal is included in the agenda of the general shareholder meeting…

The Romanian Ministry of Finance, through its Fidelis and Tezaur issues, has borrowed RON 16 billion (EUR 3.2 billion) from the population in Q1, three times up y/y, according to data compiled by Profit.ro. The state debt purchased by Romanian households accounts for just over half of the RON 30 billion (EUR 6 billion) collected…

Romanian IT services provider Life in Codes has expanded its European footprint by opening a new office in Brussels while shifting from a freelance-based staffing model to employing in-house specialists. The company reported a turnover of EUR 7 million for 2024, with EUR 1.2 million generated from operations in Romania, according to a company announcement.…

Romanian aluminum producer Alro has raised concerns over a potential influx of low-cost aluminum imports from China into the European market following new tariffs imposed by the United States. Marian Năstase, Chairman of the Board of Directors at Alro, speaking at an energy sector conference and quoted by Economica.net, warned that the redirection of Asian…

Real estate developer Hagag Development Europe signed a partnership with Romanian peer Niro Investment Group to refurbish a 6,800 square meter office building built by the latter on land under concession in northern Bucharest.  The building will be renovated, and the first tenants will move in at the beginning of July. 18% of the office…