Category: Uncategorized

The Sandbox, a metaverse platform founded in France, entered the Romanian market through the acquisition of QED, a Timișoara-based company specializing in software development solutions.  QED, led by founders Ioana Verebi, Vlad Temian, and Marius Bălaj, has worked closely with The Sandbox as an external provider for over two years. The company has expertise in…

Bogdan Mureșanu’s The New Year That Never Came, the film tracking several interconnected stories right happening before the 1989 Revolution, will have its Australian premiere in Sydney at the Europa! Europa International Festival. The film will be screened on February 15, 16, 23, 24, and 26. The film written, directed, and produced by Mureșanu is…

Legendary director Martin Scorsese has expressed his admiration for Romanian cinema, mentioning films by directors Radu Jude, Cristian Mungiu, Cristi Puiu, and Corneliu Porumboiu in a recent interview given on January 25. During the interview with Dave Karger at the TCM Classic Film Festival, Scorsese was asked about films that recently made an impact on…

The shares of Green Tech International S.A. (GREEN), the owner of one of the largest portfolios of deep geothermal wells in Europe, started trading on the Bucharest Stock Exchange (BVB) on February 7. It is the first company to list at BVB this year, following four other bond listings in January. It comes after the…

Morphosis Capital Partners BV announced the official launch of Morphosis Capital Fund II, its second investment fund, with a committed capital of over EUR 100 million. This is double the size of its first fund commitment.  The new fund aims to support the growth of SMEs in Romania and the region in key sectors such as…

Romanian state-owned rail freight operator CFR Marfă reported a higher market share and continued revenue growth in 2023-2024 despite a declining rail transport market. The company’s turnover rose by 34% in 2022 compared to 2021 and increased by a further 12.9% in 2023, CFR Marfă announced in a statement to Agerpres on Friday. Growth continued…

Ford Otosan and Mars Logistics launched a new intermodal transport route to improve the efficiency, profitability, and sustainability of logistics operations between its factories in Romania, in Craiova, and Turkey.  The new intermodal railway line will allow the transport of approximately 12,000 vehicles per year to Turkey. Under this new system, components will be transported…

Romania still has 1.35 billion cubic meters of natural gas in its deposits (43.4% of deposits’ capacity) and will still have over half a billion cubic meters at the end of March, Minister of Energy Sebastian Burduja said. He made the announcement ahead of a freezing wave that is expected to push gas imports to…

Dutch multinational dairy cooperative FrieslandCampina is reportedly seeking a buyer for its Romanian subsidiaries, a deal that, if completed, would reach EUR 60-70 million, according to sources quoted by Ziarul Financiar. FrieslandCampina, active in Romania since 2000, gained a significant position in 2004 when it took over local brand Napolact. The company’s turnover exceeded EUR…

Romanian sports betting group Superbet, set up and still controlled by Sacha Dragic, received a EUR 1.3 billion refinancing package from leading global investment funds Blackstone and HPS to boost its technology base and expand in Brazil. Blackstone took over a minority stake in Superbet with a EUR 175 million contribution in 2019 and remains…