Category: Uncategorized

German group Hengst Filtration, which took over a factory in southern Romania in 2023, announced that it completed the transfer of the production equipment and reported a EUR 11 million turnover for the first year of operations, according to Profit. Hengst has so far invested EUR 11 million in the Romanian factory, which delivers its…

The head of South Korea’s Defense Procurement Agency (DAPA), Seok Jong-gun, discussed with local authorities Romania’s plans to acquire new military equipment and strengthen cooperation in the defense industry, according to news agencies Yonhap and  Agerpres. Romania and South Korea have recently intensified their cooperation in the defense industry after South Korean company Hanwha Aerospace…

Romania’s underground economy has been on a downward trend in recent years, reaching 13.1% of GDP in 2023 (1 percentage point above the global average), from 31.3% of GDP in 2000, 19.5% in 2013 and 15.1% in 2019, according to estimates included in a global study on the topic published by the consulting firm EY.…

Teilor Holding, the company operating the Teilor jewelry store chain, is on track to list its two corporate bonds on the Bucharest Stock Exchange on Thursday, April 13. The bonds, which will go on the AeRO Multilateral Trading System, have a total aggregated value of nearly EUR 4.5 million, and were sold in October last…

Two sovereignist candidates, namely the leader of the far-right Alliance for the Union of Romanians (AUR), George Simion, and former Social Democratic (PSD) prime minister Victor Ponta, are in the first two positions in the race for the presidential office in a Verifield poll commissioned by Bucharest mayor Nicușor Dan and presented on Monday, March…

Romania is becoming a European benchmark in sustainability, thanks to the Deposit Return System implemented by RetuRO, the company managing the country’s largest circular economy project. The system’s performance in its first year of operation and its development objectives for this year were presented by Gemma Webb, CEO and Chair of the RetuRO Board of…

Eight Romanian couriers in the United Kingdom were sentenced to more than 30 years imprisonment after stealing parcels worth EUR 1 million and selling them online. Three of the suspects managed to flee to Romania and are now being sought. The former couriers operated together between September 2022 and February 2023 in Birmingham. Using their…

Bucharest’s central Easter fair, Traditions and Flowers of the Holidays, returns in King Michael I Park (Herăstrău) between April 12 and 21. Held at the Charles de Gaulle entrance, the event awaits visitors with local crafts, traditions, and various activities. The fair is dedicated both to the Palm Sunday and Easter holidays, the organizers said.…

Interim president Ilie Bolojan marked 21 years since Romania’s accession to the North Atlantic Alliance by stating that the NATO anti-missile shield in southern Romania made the country safe, allowing it to develop economically. NATO membership meant that Romania was a safe place, Bolojan said, adding that this was “especially due to the support provided…

Major retailer Carrefour Romania has announced the appointment of Anne-Sophie Bauwens as the new Chief Financial Officer (CFO) and member of the Executive Committee. With over 15 years of experience in financial management, pricing, and strategic planning, Bauwens succeeds Régis Moratin, who will take on a new role within the Carrefour Group. Throughout her career…