Category: Uncategorized

Romanian entrepreneur Ferenc Korponay has invested between EUR 5 mln and EUR 10 mln in a pet food production facility in Alba county, where he is now manufacturing premium wet pet food under the Fresh Farm brand, Ziarul Financiar reported.  Korponay, previously known for founding and selling Maravet, a company focused on animal health products,…

Romania’s central bank (BNR) is expected to keep its key interest rate unchanged at its November 8 policy meeting amid mounting fiscal concerns and inflationary risks, marking the final rate-setting session for 2024.  Ciprian Dascălu, the chief economist at BCR, noted that although the BNR cut rates twice in previous meetings, it is unlikely to…

Romanian online retailer Fashion Days has reported a strong start to its Black Friday sales campaign, with orders up by over 10% in the first three days compared to the same period last year. The company announced that more than 204,000 orders were placed, totaling over 403,000 products – a record high for the retailer. …

Romania’s retail sales increased by 10.3% y/y in September, according to data published by the statistics office INS. The growth was driven by the sales of non-food items (+18.3% y/y), while the sales of food edged up by only 3.9% y/y. The volume of services consumed by households advanced by 4.3% y/y. For the entire…

Polish group Elemental Group said on November 7 that it is making an entry into the Romanian market with the acquisition of a majority stake in ACC Recycling Service and announced a EUR 19.84 million investment to build an electronic waste (e-waste) recycling plant near Deva, Hunedoara county.  Romania is focusing on developing its recycling…

The city of Timișoara, in western Romania, is marking the 35th anniversary of the December 1989 Revolution with an extensive program of events spanning two months, titled “35 Years of Freedom.”  Timișoara is the city where the Romania Revolution began, concluding with the overthrowing of the Ceausescu communist regime. “With this program, we commemorate and…

Romania’s Digitalization Ministry announced that it blocked dozens of accounts created by organized networks attempting to promote a specific candidate in the upcoming presidential and parliamentary elections. The minister of digitalization, Bogdan Ivan, held a press conference announcing that checks were carried out following a public controversy regarding the illegal influencing of the ongoing electoral…

Romanian poet Ana Blandiana will be a special guest at the third edition of Astra Film Chișinău, held from November 14-16 at Cinema Loteanu. She will attend the screening of the biographical documentary Between Silence and Sin, directed by Diana Nicolae, on November 15. After the screening, the audience will have the chance to engage…

The number of investors in Romanian open-end investment funds like ETFs or mutual funds exceeded 755,000 people by the end of the third quarter, increasing by over 200,000 compared to last year, while the assets managed by these funds reached nearly RON 26 billion (over EUR 5 billion) within a total market of almost EUR…

780 participants are taking part in SkyRun 2024, the stair-running competition organised by SkyTower Bucharest. All funds raised from participation fees will be donated to four charities. Part of the “Sky’s the Limit” annual competition program, the event will take place on Saturday, November 9th, starting at 10:30 a.m., at SkyTower, the tallest building in…