Category: Uncategorized

Russia’s Foreign Intelligence Service (SVR) said on Tuesday, March 4, that Brussels is waging war on those European leaders who openly support US president Donald Trump, including Romanian far-right politician Calin Georgescu, according to G4media.ro. Citing “information available to the Russian Foreign Intelligence Services,” SVR claims that “the president of the European Commission, Ursula von…

Romania’s FMCG distribution group Aquila (BVB: AQ), one of the largest players in the region, announced it completed the acquisition of Kitax – one of the top five distribution companies in its field, with nationwide coverage in Hungary. The sellers were the group’s founders, Ida Ozsvald and Ștefan Ozsvald. The Kitax takeover, sealed in December…

Austrian group Kronospan, already active on the Romanian market, announced it is taking over the ZF Timber Sebes wood processing factory in Sebes (central Romania) from the insolvent German group Ziegler Holding. With this new acquisition, the company expands its product portfolio, now including lumber.  The products made at the Sebes factory will continue to…

Swiss MET Group announced it is developing a new PV park with a capacity of 80MWp in Dâmbovița county. This is the group’s fourth PV project in Romania and brings its portfolio to a combined capacity of 260MWp. Three of the four renewable projects in Romania have already reached ready-to-build status. The four parks will…

Danish group Eurowind, through project company EWE Eolian, has submitted an application to Transelectrica for the connection of a 1,200 MW wind farm to be built in Botoșani county (north-eastern Romania), according to Economica.net. The wind farm would be the largest such installation in Europe’s onshore at this time.  The Botoșani Wind Power Plant (WPP)…

Florida’s attorney general announced on social media that his office launched a criminal investigation into British-American influencer Andrew Tate and his brother Tristan, just days after the two arrived in the US from Romania, the Associated Press reported.  James Uthmeier, the state’s attorney general, said on X that his office has issued search warrants and…

Unilever has announced the appointment of Irina Urechean as the new General Manager of its Ice Cream Division for Romania and Moldova, effective January 2025. In her new role, Urechean will be responsible for driving the growth and development of the division, focusing on portfolio expansion, innovation, and market leadership. With a career at Unilever…

Premier Energy Group (BVB: PE), a leading energy provider in Southeast Europe and a listed company on the Bucharest Stock Exchange reports strong growth across its operations in 2024, with preliminary figures showing normalized revenue of EUR 1,263 million, marking a 45% year-over-year increase, and normalized EBITDA of EUR 103 million, up 14% compared to…

Guest writer Henry Páll Wulff shares an ample overview of the top challenges Romania is facing and the potential solutions that local policymakers should consider. A captivating read, this opinion article shows what Romania can learn from countries such as France, Germany, Denmark, Finland, Canada, Costa Rica, and Bhutan.  As Romania embarks on a new…

Bucharest’s Știrbei Palace is set to become Romania’s first high-end retail destination, with Hagag Development Europe announcing its reopening for the second half of 2025. The building on Calea Victoriei will host some of the world’s most prestigious brands, the developer said. Fashion houses such as Dior, Saint Laurent, Celine, Valentino Garavani, and Hermes will…