Category: Uncategorized

The government of Romania plans to cut the non-interest current expenditures to GDP ratio by 4.1 percentage points (pp) from 30.9% in 2024 to 26.8% in 2031, over the seven-year fiscal consolidation calendar submitted to the European Commission under the Excessive Deficit Procedure (EDP) published by Cursdeguvernare.ro. This is a sizable slash envisaged for the…

Bright Spaces and Schroders Capital have joined forces to introduce an interactive 3D digital platform designed to streamline property operations and revolutionise leasing experiences at Connect Offices, a muti-use office complex of more than 50.000m² perched above Hoog Catharijne shopping mall in central Utrecht. This partnership will leverage 3D masterplans and customised 3D space planning…

The ONV LAW team assisted a Romanian investor in acquiring the full share package of Bluehouse Investiții SRL, which owns the property where the Eva store was located. The transaction was valued at approximately EUR 8 million. The ONV LAW legal team was coordinated by Partner Lorena Ciobanu and supervised by Radu Nemeș, Managing Partner.…

AD/01, the tech studio part of Ahold Delhaize’s brands family, which includes the Mega Image retail chain in the local market, expanded its presence in Romania by inaugurating new offices in Bucharest’s Timpuri Noi Square.  The tech company was launched in April 2024, with the goal of driving advancements in customer experience and operational efficiency…

Sabrina Ionescu, a basketball player of Romanian heritage for the New York Liberty, led her team to victory against the Minnesota Lynx team in Game 5 of the WNBA Finals on Sunday, October 20. The match took place at the Barclays center in Brooklyn, New York, and ended with a 67-62 overtime victory for the…

Roborock, a global leader in intelligent cleaning solutions, showcases the growing impact of technology on everyday life, particularly through the integration of voice assistants, smart applications, and artificial intelligence (AI) in robotic vacuums. These technologies are transforming household tasks, offering greater convenience and efficiency.  One of the most significant innovations in home cleaning is the…

As the first email marketing agency in Romania, White Image has seen impressive growth since its inception, shaping the local digital communication landscape. In this insightful interview, Andrei Georgescu, co-founder of White Image, shares the story of how the company started, its journey to becoming a market leader, and the trends that are shaping the…

The General Council of Bucharest approved in its meeting on Monday, October 21, the organization of a local referendum on November 24, simultaneously with the first round of the presidential elections. The referendum, which would bring changes to how the city’s budget is split between the general and district city halls and how the building…

The Ministry of Economy, Entrepreneurship, and Tourism sponsored a visit to Romania, between October 13-19, for 9 tourism companies from the United States. The initiative aimed to promote Romania in the American market through an intensive tour focused on exploring some of the country’s most attractive tourist sites and destinations. The itinerary started in Transylvania…

American rapper Wiz Khalifa has been brought to trial by prosecutors in Constanța after smoking marijuana on stage at the “Beach, Please!” festival in Costinești, on the Romanian Black Sea coast. Specifically, DIICOT prosecutors have indicted Khalifa, by his real name Cameron Jibril Thomaz, for illicit drug use on October 16 at the Constanța Tribunal.…