Category: Uncategorized

EVERGENT Investments, an investment company listed under the ticker EVER, reports a net result of RON 273.81 million, 2.8 times higher than the budgeted level for the entire year of 2024. The net result is the company’s main financial performance indicator, comprised of RON 144.02 million in net profit and RON 129.79 million in net…

One United Properties (BVB: ONE), the leading green investor and developer of residential, mixed-use, and office real estate in Romania, announces a financing facility for the development of One Technology District, the largest semiconductor chip R&D centre in Southeastern Europe currently being developed for Infineon Technologies. The purpose of the credit facility is to finance the construction of…

Two other companies of the Romanian real estate development group Nordis declared insolvency at the request of their owners on November 18, amid a scandal involving the whole group that allegedly sold multiple times its apartments in a fraudulent scheme with a political side given the group owners’ alleged ties with the Social Democratic Party…

Transfond, which operates the interbank payments automated clearing house, and the Romanian Association of Banks have officially launched the domestic payment system RoPay, which allows transfers from account to account without the intermediation of card operators such as Visa or Mastercard. “RoPay differentiates itself from other payment solutions through speed, lower costs, and 24/7 availability,”…

The real estate developer Nusco Imobiliara, which is developing a major real estate project in the northern part of Bucharest in the Pipera neighborhood, estimated to eventually involve nearly EUR 1 billion investments, announced plans to issue bonds in the amount of EUR 5 mln to be further listed at the Bucharest Stock Exchange. The…

Presidential candidate Ludovic Orban, now the head of a center-right political vehicle but once the leader of the Liberal Party (PNL), announced he was stepping down in favor of reformist leader Elena Lasconi (USR) in a move aimed at triggering a consolidation of the center-right forces under a single candidate, several days before the first…

The Romanian national postal company Posta Romana will close all its post offices “in the coming years” and rent them out, announced the company’s general manager, Valentin Ștefan, quoted by Economica.net.  The only reason for not closing the offices overnight is the social protection of the employees, he explained. “We’re going to shut them down,…

The Romanian Parliament, by the vote of the Chamber of Deputies, adopted an amendment to the Fiscal Code to exempt from taxation, until July 31, 2025, the earnings derived by natural persons from investments in cryptocurrencies, according to Profit.ro. The timing is important since cryptocurrency prices, especially bitcoin, soared after Donald Trump’s victory in the…

The Nexus Gaming team, which represented Romania at the IESF World Esports Championship, defeated Portugal’s team in the final to become world Counter Strike 2 champions. The Romanian team is composed of experienced players Ciocardau, Xellow, BTN, Ragga, and Adron. During the IESF WEC24 championship, they defeated some of the strongest teams, many of which…

Well-known American actor John Malkovich, who was on stage last week at the National Theatre in Timișoara, visited the city’s first official souvenir shop on Friday, November 15. The visit was announced by Timișoara mayor Dominic Fritz. “Even Hollywood has come to the new souvenir shop. We’re delighted that John Malkovich found high-quality mementos from…