Category: Uncategorized

2024, a new year of growth for Sphera Group: sales of RON 1.5 billion (+5,4%), net profit of RON 97.2 million (+22%) and EBITDA of RON 176.9 million (+19.6%) Significantly improved profitability for KFC Romania, which achieved a net profit of RON 100.2 million (+15.5%), and Taco Bell, which increased its net profit almost six…

After being granted permission to leave Romania, Andrew and Tristan Tate, who are being investigated on several charges related to human trafficking and other offenses, also had some of their assets restituted. A Romanian court ruled in favor of an appeal by the Tates to lift precautionary seizure on multiple assets, including several properties, vehicles, and…

Romania has been downgraded to a “hybrid regime” in the 2024 Democracy Index published by The Economist Intelligence Unit (EIU) on Thursday, February 27. Its score dropped from 6.45 to 5.99, pushing it out of the “flawed democracy” category and down 12 places to rank 72nd globally, between Moldova and Papua New Guinea, Agerpres reported.…

Banca Transilvania (BVB: TLV), the biggest financial group in Romania, recorded substantial growth in 2024 through both organic expansion and the strategic acquisition of Hungarian group OTP’s subsidiaries in Romania. At the end of 2024, Banca Transilvania Financial Group reported total assets of RON 207 billion (EUR 41.6 bln), reflecting a 22.4% increase compared to…

The coupons attached by the Romanian Treasury to the bonds on sale under the second issue of the Fidelis scheme (bonds listed at the Bucharest Exchange) were cut for both local currency and euro-denominated papers. This comes after the record demand registered in the first issue this year in February when the Treasury raised over…

Romania’s interim president Ilie Bolojan will travel to London on Sunday, March 2, for a summit of European leaders on the topic of European defense, also attended by Ukrainian president Volodymyr Zelenskiy, according to Digi24. The meeting will bring together French president Emmanuel Macron and British prime minister Keir Starmer immediately after their visits to…

Romanian prosecutors are reportedly investigating a ‘troll farm’ using Turkish IPs and accounts based on Russian email accounts, which helped increase awareness of the former far-right presidential candidate Călin Georgescu ahead of last year’s elections, G4media.ro reported. The Prosecutor General’s Office requested Turkey’s cooperation on January 27, through a letter of request, in investigating a…

Romania’s general government budget deficit increased by nearly 40% y/y to over RON 11 billion (EUR 2.2 billion) in January 2025, according to data published by the Ministry of Finance. The gap in the first month of 2025 thus measures 0.58% of the GDP projected for the full year, up from 0.45% in January 2024.…

Romania’s economy is expected to rebound at a slower rate than previously expected at around 1.8% this year (down from 2.6% y/y projected in September), given the pressure to cut government deficits in an increasingly challenging domestic and external economic environment, according to the Regional Economic Prospects 2025 report issued by the European Bank for Reconstruction…

Rubik Hub has been ranked 39th out of 150 in the prestigious Europe’s Leading Start-up Hubs 2025 ranking. Compiled by the Financial Times, in collaboration with international research and data company Statista and start-up media platform Sifted, the ranking identifies and highlights the top-rated and most recommended start-up support programs across Europe. Rubik Hub achieved…