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David Popovici, a double world champion and Olympic swimming champion, has raised over EUR 160,000 in just 10 days to help build a family home for children with special needs, exceeding the initial target of EUR 115,000. The initial amount represented a quarter of the money needed to build a family home for 11 children…

German president Frank-Walter Steinmeier awarded Silviu Vexler, the president of the Federation of Jewish Communities in Romania and deputy of the Jewish minority in the Romanian Parliament, with the Cross of Merit in the rank of Officer of the Order of Merit of the Federal Republic of Germany. He was honored for his “tireless and…

The famous Sarmizegetusa Regia Dacian site in Orăştiei Mountains, Romania, will be temporarily closed to the public between October 14 and November 30 for planned works at the entrance gate.  “During this period, works are being carried out at the entrance gate (West gate) as part of the project “Capital of Dacia – Living Museum…

Atria Urban Resort, the residential real estate complex developed in the north-western area of Bucharest by Evergent Investments in partnership with Cityring Property, announced the completion of Phase III and the launch of the final stage, during which over 450 apartments will be constructed, out of a total of 1,365. The project’s total value will…

Romania’s annual inflation rate fell sharply to 4.6% in September from 5.1% in August, according to the official report released by the statistics institute INS on Friday, October 11. The inflation rate since the beginning of the year (September 2024 compared to December 2023) was 3.8%. Within a year, the biggest increases were recorded in September for…

One United’s shareholders approved a proposed consolidation of shares at a ratio of 50 to 1 at the October 10 meeting, a move designed to reduce the number of shares in circulation, thereby decreasing share price volatility. The nominal value of each share will increase from RON 0.2 to RON 10 per share, with no…

Austria’s interior minister Gerhard Karner believes that while the flow of migrants has decreased, the time has not yet arrived for Romania and Bulgaria to join the land-based Schengen, the Austrian publication Kurier reported, quoted by Romanian Bursa.ro. The Council of Justice and Internal Affairs, inaugurated on the same day, had on its agenda the…

The Agista investment fund announced that it is exiting Dendrio Solutions, an IT company controlled by Bucharest Exchange-listed Bittnet Systems, with a yield of 60% and an Internal Rate of Return (IRR) of 22%, achieved over a period of two and a half years. Bittnet Systems announced that it purchased an 11.78% stake in Dendrio…

The investment company Morphosis Capital is preparing its second private equity fund, Morphosis Fund II, which aims to make 9-10 investments worth EUR 10-15 mln on average each, the company’s representatives announced on October 9, Ziarul Financiar reported. “We are still in the fundraising phase, so it will probably be a little more than that,…

The Mega Image store chain controlled by Ahold Delhaize has announced a series of commitments aimed at ensuring the smooth functioning of the retail market, particularly regarding its acquisition procedures, if the Competition Council approves the economic concentration resulting from the acquisition by the Ahold Delhaize group of the Profi store network in Romania. The…