Category: Uncategorized

Romania’s supplier of organic inputs for agriculture, Norofert, announced plans to issue RON 15 mln (EUR 3 mln) of 5-year unsecured, nonconvertible bonds. The company intends to use the funds for investments in irrigation at the Zimnicea farm and for investments aimed at expanding its activities in external markets where it operates. Another 5-year Norofert…

The founder of coffee shop chain TED’s Coffee has initiated exploratory talks with several investment funds to sell a 30%-60% stake and later launch an aggressive expansion plan, according to Profit.ro. “The goal is to accelerate the expansion. We are discussing several options for giving away between 30 and 60% of the business. We are…

The companies Itochu from Japan and EdF from France are interested in the Tarniţa-Lăpuşteşti pumped-storage hydropower plant project and are willing to carry out the feasibility study at their own expense and then carry out the design and execution of the plant to the end, announced the minister of energy Sebastian Burduja. He admitted that…

Several non-governmental organizations, including members of the “Citizen NGOs” Coalition, issued a joint statement protesting against the decision of the Constitutional Court to invalidate the presidential candidacy of far-right politician Diana Sosoaca, saying it calls into question the very essence of the democratic system in Romania. “In a democratic country, the opposition must be defeated…

The junior ruling Liberal party PNL will not join the opposition’s motion to overthrow the government controlled by the Social Democrats, PNL president and presidential candidate Nicolae Ciuca stated on October 8. He previously blamed the senior ruling partner of authoritarianism. Nicolae Ciuca has thus turned down the invitation launched by the president of the…

More than 60 non-governmental and professional organizations and specialists have signed a manifesto for the protection of cultural heritage in Romania. The document asks the central and local authorities for five urgent measures to improve the legal framework and to capitalize on cultural heritage. The adoption and application of European quality standards in the practice…

The investment fund SARMIS Capital took over the majority stake in the sanitary paper manufacturer MG-Tec Industry, located in central Romania at Dej, according to Ziarul Financiar. The transaction is one of the most important in this industry, considering the size of the investment made from scratch. The terms of the deal were not disclosed,…

Romanian largest chemical group, Chimcomplex, in a note to investors on October 8, confirmed the existence of preliminary discussions related to taking over the fertilizers maker Azomures (currently owned by Swiss Ameropa) as part of the group’s desire to consolidate the chemical industry in Romania. Azomures is the largest fertilizer producer and the largest natural…

On October 8, the Bucharest Court admitted the insolvency request of one of the creditors of the real estate developer Nordis Management, a real estate group that is developing luxury projects in first-class resorts such as Mamaia on the Black Sea coast, Sinaia in Prahova Valley, or the popular ski resort Poiana Brasov.  The projects…

Renowned American singer Justin Timberlake will headline the 2025 edition of the Electric Castle festival, marking his first-ever performance in Romania. He will take the stage at Bánffy Castle, close to Cluj-Napoca, with a mix of timeless hits and tracks from his latest album Everything I Thought It Was, the organizers said. “Timberlake’s performance will…