Category: Uncategorized

Prime minister Marcel Ciolacu announced on November 27 that the government is increasing the minimum statutory gross wage from RON 3,700 to RON 4,050 (over EUR 800) per month. The 9.46% increase will apply starting January 1, 2025, and will benefit more than 1.8 million Romanian employees, the head of the Executive also said, as…

Romanians will be able to travel to the United States without visas from 2025, the Romanian Embassy in the US announced on November 27, after the State Department reported that the country met the criteria for qualifying for the Visa Waiver Program. The State Department says Romania met the visa refusal rate criterion for qualifying…

The complete accession of Romania to the Schengen Area from January 1 was agreed upon in Brussels, in the Committee of Permanent Representatives of the Governments of the Member States of the European Union (COREPER), prime minister Marcel Ciolacu announced on November 27, in a post on his Facebook page. President Klaus Iohannis also welcomed…

JT Grup Oil, a fuel distributor and the developer of JT Terminal (BVB: JTG), the newest private terminal for liquid petroleum products in Constanta port, reported its net turnover edged up by 4% y/y to RON 179.76 million (EUR 36 million) in the first nine months of 2024.  In the same period, the company’s net…

Romania could mark this year the lowest corn production since 2015, after harvesting only 4.88 million tonnes from 1.8 million hectares or 80% of the sown area, according to the statistics office INS.  So far, this has resulted in an average yield per hectare of 2.6 tonnes, lower than the average of 3.2 tonnes per…

Romanian real estate developer of premium, mixed-use, urban reconversion buildings under Central District brand Forty Management announced the launch of the first issue of guaranteed bonds for a maximum amount of EUR 5 million, with a maturity of 4 years and a coupon payable semi-annually.  The money will be used to finance the expansion of…

Romanian hydropower group Hidroelectrica (BVB: H2O) announced on November 26 the signing of a contract for the structural rehabilitation of the double hook piles at the Portile de Fier I Spillway Dam, worth EUR 39.3 million.  The contract was awarded following an open tender procedure, which respected the principle of transparency and fair competition, the…

An upcoming National Defense Council (CSAT) meeting will look at possible risks related to the IT infrastructure supporting the electoral process. The agenda of the meeting includes “the analysis of possible risks to national security generated by the actions of state and non-state cyber actors on IT&C infrastructures supporting the electoral process,” the Presidential Administration…

Veridion is the best startup in Romania and Fagura in the Republic of Moldova. Creatopy is the scaleup of the year Veridion, a startup that uses Artificial Intelligence to create databases with information about companies, was awarded Best Startup in Romania and the crowdfunding platform Fagura for Best Startup in the Republic of Moldova at…

Artificial intelligence (AI) technologies are rapidly becoming a key component in retailers’ growth strategies, enabling them to reach consumers more efficiently and streamline their operations. This was one of the main themes discussed at the European Digital Commerce Summit (EDC), organized by VTEX and Amazon Web Services. The event brought together retail industry leaders to…