Category: Uncategorized

The fifth edition of the Romanian Film Festival in Washington DC will take place between November 7-10 at Landmark’s E Street Cinema. This year’s event is dedicated to celebrating 20 years since Romania’s accession to NATO and is part of an extensive public diplomacy program organized by the Romanian Embassy in the US to mark…

One United Properties (BVB: ONE), the leading green investor and developer of residential, mixed-use, and office real estate in Romania, announces that HIKVISION, a global leader in video surveillance products and solutions, will open its new offices in the sustainable One Cotroceni Park building. The relocation was facilitated by CBRE Romania, a leading real estate…

Former Romanian health minister Nelu Tătaru has been placed under judicial supervision by anti-corruption prosecutors in a case where he is accused of taking small-value bribes.  Prosecutors from the Iași Territorial Service of the National Anticorruption Directorate, or DNA, ordered the initiation of criminal proceedings and imposed a judicial supervision measure for 60 days against…

Data Talks 2024, a forum organized recently at the Immersive Museum of New Arts (MINA), brought together over 120 data analysis specialists, representing more than 40 companies from the business intelligence sector. The primary objective of this regional forum is to facilitate best practices and organize impactful events for companies, federations, and sports clubs that…

The Italian group UniCredit announced on November 4 that it had completed the transaction by which it bought the majority stake in Alpha Bank Romania in a cash and equity deal that created the third-largest banking group in the country (after Banca Transilvania and BCR) with a market share of 12% by assets. Under the…

The Romanian Ministry of Energy announced it signed, on November 4, a memorandum of understanding (MoU) with the Japanese company Itochu for the development of the 1GWh reversible hydropower plant project Tarnița-Lăpuștești, in an attempt to revive the project that has been constantly put on the public agenda over the past decades but constantly failed…

Prime Label Group, part of the private equity fund Innova/6 of the Innova Capital group, acquired Grafoprint, a prominent Romanian printing business. The label manufacturer said the deal allows it to expand in the Romanian market while exceeding its sales target of EUR 100 million by the end of 2024. This is Prime Label’s sixth…

Romanian Social Democrat leader and prime minister, also running for the presidential seat this autumn, Marcel Ciolacu, named Liberal (PNL) regional leader Ilie Bolojan as his preferred would-be prime minister.  Notably, Bolojan is also being circulated as a potential prime minister in case the Liberal leader Nicolae Ciuca wins the presidential elections. In fact, the…

Romania’s agricultural sector faces significant setbacks this year, with the European Commission revising crop yield forecasts further downward due to severe drought and heavy rainfall in key producing regions.  Grain corn yields are projected to drop to 3 tonnes per hectare – a 10% reduction from last month’s forecast and a staggering 36% decrease compared…

Romania’s Ministry of Energy extended a EUR 33 million grant under the Resilience Facility to Heliomit, a firm controlled by local entrepreneur Tudor Mihăilă (24), for the development of a PV panel assembly plant with an annual capacity of 1,500MW. The photovoltaic panel factory will be developed in Bârlad, Vaslui county. “The support of almost…