Category: Uncategorized

The number of investors in mutual funds is approaching one million, and that the value of the mutual funds’ net assets increased by 30% y/y to RON 24.44 billion at the end of last year, speakers attending a Bucharest debate on the topic explained. The net inflows maintained their upward path in the fourth quarter…

Romanian member of the European Parliament Victor Negrescu, S&D, said that Romania benefits from a strong IT sector, making it the “digital tiger of Europe.”  The statement was made at the Romanian Digital Day event, which Negrescu organized within the European Parliament. The event aimed at promoting the potential of Romania’s digital sector at the…

Lender Banca Comercială Română (BCR), part of the Austrian Erste Bank Group, will use an EV modular truck to offer banking services in Romania’s rural and small urban communities. The initiative, dubbed a “100% electric mobile bank,” adds to the bank’s first mobile unit, which went into use in October 2022.  It is part of…

Romanian star swimmer David Popovici and acclaimed rower Simona Radiș, both Olympic champions at the Paris Games, were named Male and Female Athletes of the Year at the 2024 Romanian Sports Gala on Tuesday, March 18. The event was organized by the National Sports Agency, with the awards presented during a ceremony at the Romanian…

Marius Costin took over as CEO of payment services provider Netopia Group starting March 14, while Niculae Vasile has been appointed the group’s CTO, the company announced. Co-founder Felix Crisan had previously held both roles. Marius Costin, who was previously the CEO of PayU Romania and the CEE CEO of Mokka, will work “to strengthen…

Slovak-Czech angel investment syndicate Gluon Syndicate recently announced its second investment, committing EUR 100,000 to innovative Romanian startup Assista AI.  The startup, incorporated in the United States by Romanians Paul Burca and Anton Zaharia in 2023, aims to revolutionize task automation. Unlike single-purpose AI tools, Assista AI connects to over 100 productivity applications, allowing users…

Retailer Pepco Romania has appointed Raul Ciungu Iordate as Head of Operations. With over 16 years of experience in the retail industry, he has held leadership positions in operations management, human resources, compliance, and project management. Raul Ciungu takes over the role from Bogdan Grigoriu, who was recently promoted to Regional Operations Director for Pepco…

The Romanian Diaspora Funding Network (RDFN), a philanthropic network comprising diaspora groups from Europe and the U.S, has launched a fundraising initiative aimed at supporting three civic organizations working to promote a transparent and accountable electoral process in Romania’s upcoming presidential elections. The three organizations are Funky Citizens, Rădăuțiul Civic, and Declic. The three will…

BYD, a major carmaker of electric vehicles and a challenger to the US-based Tesla, is preparing to enter Romania and has already recruited a Romanian, Andrei Duică, to lead operations. The company headquartered in Shenzhen, Guangdong province, will have a representative office in Romania starting in April 2025, with 20 car dealerships and 7 electric and…

Romania remains a fantastic investment destination and the balance of foreign direct investment reflects this, Alexandru Nazare, the president of Paneuropean Union Romania, argued. Nazare, who is also a member of the Board of Directors of the National Bank of Romania (BNR), served as the finance minister in the government of Florin Cîțu. “Romania remains…