Category: Uncategorized

Sanofi Romania has appointed Buğra Kulak as Head of Pharma and Country Lead of Sanofi Romania. He succeeds Dr. Iulia Ionescu, whose term concluded after four years of leading the Sanofi operations in Romania. Since joining the company in 2018, Buğra Kulak has overseen operations in the Turkish and Levant regions as Sales & Marketing…

PepsiCo has appointed Razvan Lungu as Chief Financial Officer (CFO) for the East Balkans region. Lungu has over seventeen years of professional experience, with more than thirteen years at PepsiCo. Between 2010 and 2022, he was part of the PepsiCo East Balkans team, holding various financial and commercial positions. In the last two years, he…

With its commitment to nurturing future leaders, global citizens, and creative thinkers, Maple Bear is set to become a major player in Romania’s education landscape, where it plans to open 14 new schools and kidergartens in the next two years. Maple Bear’s mission is to provide a world-class education to children eager to thrive in…

The Romanian Government recently established a new fully state-owned company in the rail freight transport sector. The company, named Carpatica Feroviar, will replace the bankrupt CFR Marfă. The new company was created to “serve the country’s defense needs and ensure prioritized mobility,” according to the explanatory note cited by Economedia. It also replaces the previous…

Payment service Pago, which simplifies the management of bills and recurring services for users, has raised EUR 2.3 million on SeedBlink in one of the equity and investment platform’s largest funding rounds to date. A total of 225 private investors backed Pago in a round co-invested by Mozaik Investments, a private equity firm focused on…

Aeroitalia, the company that acquired the Romanian airline AirConnect, recently announced the temporary suspension of its flights from the Bucharest and Bacău airports starting in November. On the same day, Hungarian airline Wizz Air announced that it is offering special fares for travelers affected by the suspension. The flights suspended by Aeroitalia are: Rome Fiumicino…

Real estate developer Speedwell has started the construction of the third and last building of the Triama Residence project in Bucharest. The budget allocated to the development amounts to EUR 9 million. The last phase of the project will be delivered in 2026 and some 56% of the apartments were sold already, the developer said.…

Courier services company Cargus has relocated its warehouse in Târgu Mureș to an expanded facility in Mureș county. The move is part of the company’s strategy to improve and expand its operational capabilities to meet increasing volumes. The new location has double the previous area and a higher sorting capacity, the company said. The new…

Rural entrepreneurs lost the long-awaited financing line DR-29, with a budget of EUR 150mn for non-agricultural businesses in the countryside after it was scrapped by the authorities. The money was moved to the agricultural projects, the Ministry of Agriculture said in an official response to StartupCafe‘s inquiry on October 14.  Traditionally, the Ministry of Agriculture…

Romania’s prime minister Marcel Ciolacu announced that the Government reached an agreement with the European Commission under the Excessive Deficit Procedure (EDP) for a prolonged seven-year fiscal consolidation calendar.  However, he didn’t provide any details, building suspense among investors and the general public amid broad expectations for tax rate hikes as soon as next year.…