Category: Uncategorized

After the Constitutional Court’s unprecedented decision to annul the results of last year’s presidential elections because of suspicions of foreign interference in the process, voters are asked again to cast their ballot to elect the person who will serve as president for the next five years. While the line-up of candidates is slightly shorter than…

Young people aged between 16 and 18 in Romania will be able to establish and manage a new type of limited liability company (S.R.L.), which will be called a “firmă de exercițiu” (practice firm) and will have the abbreviation “S.R.L.-F.E.”, according to a new project.  A young person will be able to establish or acquire…

Developer Skanska has signed an agreement to sell the first phase of the Bucharest office complex Equilibrium to Gordiusz Private Equity Fund, managed by Gránit Asset Management. The transaction value amounts to EUR 52 million. The Equilibrium office complex consists of two buildings in the business district Floreasca – Barbu Vacarescu. The first phase, which…

This year’s edition of the George Enescu International Festival, the largest classical music event in the country, will feature performances from some of the top sopranos and mezzo-sopranos of the moment. Among them are Asmik Grigorian, Sonya Yoncheva, Kristine Opolais, Magdalena Kožená, Julia Lezhneva, Sarah Aristidou, Jennifer Holloway, Aylin Perez, Elsa Dreisig, Rachel Willis-Sørensen, Ruxandra…

Globinvest, an asset management company from Cluj-Napoca, is set to launch an exchange-traded fund, or ETF, grouping together companies in the energy sector and several financial companies.  Globinvest, a company with 30 years of experience on the Romanian capital market, will list the new entity on April 28 under the symbol GIBEFETF. Ilie Cenan, Chairman…

Cyberhaven, an AI-powered data security provider founded by three Romanians and two Ukrainian citizens, recently announced that it has attracted a USD 100 million Series D funding led by StepStone Group along with new investors Schroders and Industry Ventures, to further accelerate its rapid growth. The funding pushes the valuation of the company to USD…

The electoral campaign for the presidential elections began on Friday, April 4, at midnight, with most of the candidates posting on social media within the first minutes.  Far-right candidate George Simion, credited with the first shot at winning the first round according to the latest surveys, began the election campaign alongside his wife and supporters,…

The National Network of Museums in Romania (RNMR) said it would not coordinate this year’s edition of the Night of Museums, the yearly event that sees museums across the country stay open after hours. The organization said the decision was grounded in the “dramatic diminishing of the yearly financial resources allotted to most museums in…

Romanian development minister Cseke Attila recently announced that the ministry he leads will be reorganized by cutting more than 500 positions, including managerial ones, and two of its subordinate institutions. The cuts are part of a wider trend among state institutions seeking to lower their operating costs. “Through this measure, we are reducing staff by…

Romanian PM Marcel Ciolacu has revealed that he dispatched a special envoy to Mar-a-Lago, Florida, for informal discussions with representatives of the Trump-aligned US political camp, aiming to adjust Romania’s diplomatic approach amid shifting political dynamics.  The initiative, reported by HotNews and Adevarul, comes as Ciolacu seeks to “adapt to the new system” established by…