Category: Uncategorized
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Consumer protection agency temporarily closes hypermarket, restaurants in Bucharest’s AFI Cotroceni mall
After the operational control at the Baneasa Shopping City in northern Bucharest, the Authority for Consumer Protection (ANPC) also carried out checks at another major mall in the capital – AFI Cotroceni. A total of 30 businesses were inspected and several of them had their activity suspended temporarily, including the Auchan hypermarket, G4media.ro reported. According…
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Rising material costs, economic uncertainty put pressure on Romanian construction market – report
The Romanian construction market started 2025 under significant pressure, mainly due to rising material costs, uncertain public investment, and new fiscal measures affecting the labor force. While the sector remains highly active, the 4% decline in 2024 vs the record 2023 signals the first signs of a slowdown, according to Colliers’ annual report. Construction material…
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TopHotel Awards 2025: Registrations open for the 12th edition
The most important competition in Romania for the hotel, tourism, and hospitality industry, TopHotel Awards, continues its tradition with an exceptional edition in 2025. The event will take place at the JW Marriott Hotel in Bucharest on May 14, bringing together renowned leaders and experienced specialists for a special evening full of key moments. The…
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Venture in Eastern Europe 2024 report: Investments in Romanian startups hit new high of EUR 130.7 mln
Investments in Romanian startups exceeded EUR 100 million for the fourth consecutive year, reaching a new high of EUR 130.7 million, according to the “Venture in Eastern Europe 2024” report conducted by How to Web and Croatian unicorn Infobip. The analysis provides a detailed overview of the Eastern European investment ecosystem in 2024, offering important…
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Visuali Italiane 2025: Festival brings latest Italian films to six cities in Romania
The fourth edition of the festival Visuali Italiane – New Italian Cinema in Romania will cover a selection of eleven feature films and four short films in a bid to offer local audiences “an authentic and fresh perspective on contemporary Italian cinema.” The festival will feature screenings in six cities: Bucharest (March 3-9, Cinema Muzeul…
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Romania’s former PM Victor Ponta says he will run in May presidential elections
Victor Ponta, a former prime minister and leader of the Social Democrats (PSD), said he intends to run in the repeat presidential elections this May. Speaking at Parliament on Wednesday, February 19, he confirmed his decision, emphasizing that he will not run under the banner of the ruling PSD-PNL coalition, News.ro reported. “My opinion is…
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Foreign investors in Romania warn Govt. about “tax on investments,” other fiscal measures
The Board Members of the Foreign Investors Council (FIC) met on February 19 with prime minister Marcel Ciolacu and key economic ministers on topics such as Romania’s long-term development strategy, stimulating private investment, and reforming the fiscal framework. FIC representatives pointed out that the results of the FIC Business Sentiment Index show a trend of…
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Catalin Safta, CTO at Matricia Solutions talks about managing carbon footprint reporting and the importance of legal compliance
Environmental protection is becoming a global priority, and carbon footprint regulations are becoming increasingly stringent. Under European and national legislation, large companies in Romania are required to monitor and report their carbon emissions annually. Cătălin Safta, a sustainability expert, emphasizes the importance of complying with these legal requirements: “Trust us, you don’t want to play…
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Romania confirms US refused “for now” to withdraw NATO troops from some eastern flank countries
Romania was informed that the US officials, in the context of the talks with their Russian counterparts in Riyadh, had rejected requests to withdraw the security guarantees for the countries that joined NATO after 1997 (when Poland, Hungary, and the Czech Republic were officially invited). But the negotiations are far from the end, according to…
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Greece’s Altex brings fashion brand Funky Buddha to Romania
The Greek retailer Altex – with a similar name to the most powerful electro-IT retailer in Romania – is bringing the Funky Buddha store network, a clothing brand for men and women, to the local market, according to Profit.ro. Founded in 2005, the Greek company Altex has two distinct brands in its portfolio, namely Funky…