Category: Uncategorized
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SD Worx Romania appoints Bogdan Mircea Ciobanu as managing director
SD Worx Romania announced that it appointed Bogdan Mircea Ciobanu as managing director, effective November 2. He will succeed Ciprian Chiorean, who is leaving the role after overseeing the company’s rebranding and integration into the wider SD Worx group. Ciobanu has more than 17 years of executive experience in IT, software, cybersecurity, and telecommunications across…
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Kaufland expands Romanian network with second store in Mediaș
Kaufland Romania announced the opening of its second store in Mediaș on Thursday, September 17, creating 75 jobs. The hypermarket covers more than 5,200 sqm, including nearly 2,500 sqm of retail space. The new location has 14 checkout points, including ten self-service units, as well as the retailer’s K-Scan system, which allows customers to scan…
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Bucharest Guinness record event generates over EUR 100,000 for children’s psychiatric hospital
Bucharest’s Guinness World Record-setting Masa Care Unește (the Table That Unites) generated contributions worth more than EUR 100,000 for the construction of Romania’s first pediatric psychiatric hospital. The September 12 event gathered 20,000 people around a 5,055-meter table made from recycled materials. The total includes individual donations made by text message, QR code, and bank…
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New Romania Insider video series: Ionuț Vasile on Leroy Merlin Romania’s supply chain
Romania Insider is launching a new multi-part video series dedicated to Leroy Merlin Romania, one of the country’s fastest-changing retailers. Over the coming months, we will sit down with several of the executives leading the company’s transformation, in a series of in-depth conversations exploring how one of the largest DIY and home improvement players in…
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Romania’s electricity imports shrink threefold in January-July as consumption drops, production rises
At the same time, final consumption decreased by 4.3% y/y to 28.1 TWh. This resulted in a net import of electricity of only1 TWh in January-July, three times lower compared to the same period last year. Gross import of electricity dropped by 9.5% y/y to 10 TWh – still high compared to domestic consumption (more…
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Romania legislates savings and investment accounts with special tax regimes
The law introduces a new framework for saving and investing for retirement and will now be sent to president Nicușor Dan for promulgation, Bursa.ro reported. “It is one of the most important laws for the financial future of Romanians,” PNL deputy Sebastian Burduja, one of the initiators, wrote on social media. “Romania joins the club…
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Romania’s gross external debt up EUR 6.4 bln in January-July
Long-term external debt amounted to EUR 182.2 billion at July 31, accounting for 77.6% of total external debt and increasing by 1.1% compared with the end of 2025. Short-term external debt rose by a much faster 9.4%, to EUR 52.7 billion, or 22.4% of the total. The increase in short-term debt was accompanied by a…
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Romania’s BET index 13% below August 19 peak
The fall puts the index firmly in correction territory, conventionally defined as a decline of more than 10% from a recent peak, Cursdeguvernare.ro reported. Romania’s market appears particularly sensitive to domestic political developments, and the current correction suggests that investor sentiment has eventually turned more cautious after months of political deadlock. Investors are also watching…
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Weekend calendar: Bucharest Days, iMapp, Bucharest Feminist Film Festival, Picasso en visite in Timișoara
In Bucharest: Bucharest Days September 19 – September 20 The program, marking 567 years since the city was first mentioned in a document, covers varied events, including boat rides, open doors at the Bucharest City Hall, the Museums’ Triangle, events for the young public at the Children’s Museum, and a pet adoption fair, among others.…
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One detained, four placed under house arrest after violence at Bucharest protest
A Bucharest court ordered the preventive detention of one man and placed four others under house arrest following violence at a shepherds’ protest in Victorei Square in Bucharest earlier this week, News.ro reported. The ruling can be challenged within 48 hours and is therefore not final. The Bucharest Tribunal Prosecutor’s Office had requested 30-day preventive…