Category: Uncategorized
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Romania’s energy company Romgaz to become natgas supplier, aims for expansion abroad
Romgaz, one of Romania’s most important state-owned energy companies, is set to become a natural gas supplier and expand abroad, in line with new goals set by the Ministry of Energy. If the procurement and implementation procedures proceed according to the established schedule, the first offers established by Romgaz for residential and small non-residential consumers…
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“Rock a New Era”: Roborock revolutionizes smart home cleaning at CES 2025 with robotic arm equipped Saros Z70
Roborock, a global leader in home robotics engineered to simplify daily life, announces its participation in CES 2025 with its “Rock a New Era” theme, inviting consumers and industry observers to discover a new world of highly intelligent smart home cleaning led by its new Saros flagship series, featuring its latest R&D breakthrough, the Roborock…
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Floria continues expanding in shopping centers and, following an investment of EUR 70,000, opens a new franchise flower shop in Bucharest Mall
Floria, a benchmark brand in the Romanian floristry market, continues its expansion in the shopping centers of the capital and has opened a new franchise flower shop. Following its locations in Promenada Mall, Băneasa Shopping Center, Plaza Romania, AFI Cotroceni, and Sun Plaza, the new flower shop in Bucharest Mall, opened with an investment of…
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Romanian far-right party AUR to hold protest against annulment of presidential elections
Romania’s radical party AUR (Alliance for the Union of Romanians) is set to hold a large-scale protest for “freedom and democracy” on January 12 in Bucharest, marking their opposition to the annulment of the presidential elections by the Romanian Constitutional Court. AUR is also holding the event to signal their disapproval of incumbent president Klaus…
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Romanian Energy Ministry says OMV Petrom sale of Neptun Deep gas has minor impact
The Romanian Ministry of Energy announced that the volume of natural gas exported from the Neptun Deep perimeter to Germany, under a contract previously reported by media, will represent less than 1% of the total estimated production of the Black Sea field, which has estimated reserves of over 100 billion cubic meters of natural gas,…
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ANIS: fewer new contracts, layoffs, fiscal instability for Romania’s IT industry in 2024
For the Romanian IT companies, an important sector in the local economy, 2024 meant fewer new contracts, a much longer time needed to attract new business, increased labor costs amid legislative changes, and an unfavorable global context, according to a report filed at the end of last year by the management of the Employers’ Association…
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German group Schieffer builds factory in Romania
German company Schieffer Industries will build a plastic components factory for the automotive industry on a plot of land at the entrance to the municipality of Hunedoara in Romania. Works on this investment are expected to be completed in the fall of this year so that production can start at the end of 2025, the…
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Romania reportedly seeks to return as majority shareholder at utility group Electrica
The Romanian state would consider the option of returning as a majority shareholder of utility group Electrica (BVB: EL) again and is analyzing ways to do this, sources told Economedia.ro. “It’s a working scenario,” other sources told Economedia.ro. Currently, Electrica is a listed company on the Bucharest Stock Exchange, and the Romanian state still holds…
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Dacia Bigster now available for order in Romania starting at EUR 23,000
Local carmaker Dacia has officially launched its Bigster model for orders in Romania on January 9, with prices starting at EUR 23,000 (VAT included) for the Essential version. The price goes up to EUR 29,500, with VAT, for the top version, Journey Hybrid 155. Deliveries to showrooms are expected to begin in spring 2025, with…
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Romania’s ruling coalition sets new dates for presidential elections, confirms candidate
The leaders of the ruling coalition made up of the Social Democrats (PSD), Liberals (PNL), the Democratic Alliance of Hungarians (UDMR), and the minorities’ group met on Wednesday evening, January 8, to decide on the new dates for the presidential elections. According to the agreed election schedule, the first round will take place on May…