Category: Uncategorized

Experts in Applied Behavior Analysis will come to Bucharest this month for the ABA Conference 2024 to discuss the latest findings and explore new ways to support people with autism. The event is scheduled for October 25-26. With sessions from international experts such as Ellie Kazemi, William Heward, and Dr. Paul Gavoni, the conference will…

The Damen shipyard in Galați, Romania, is currently building a drone aircraft carrier for Portugal, the first of its kind in Europe.  The shipyard has already produced 30 military and special type ships for NATO partner countries. The current project is valued at EUR 100 million, and spent seven years in the designing phase. The…

The Board of the National Bank (BNR) authorized on October 1 the operation of the BLIK instant payment system in Romania. It will be administered and operated by BLIK Romania SA and ensure the settlement of e-commerce payment transactions up to RON 50,000, BNR said. The decision will enable the development of this system in…

US Ambassador to Romania Kathleen Kavalec announced a USD 95,000 grant for the restoration of a 16th-century wooden church at the Maramureș Museum in Sighetu Marmației, northwestern Romania. The funds will be used to repair and conserve the wooden church, and to secure and maintain exhibits that promote the region’s multicultural heritage.    The church was…

With a rich history of over 200 years in the banking industry, Erste Group, a powerhouse in Eastern Europe’s financial services, has chosen to collaborate with Salt Edge, a leading open banking solutions provider. This strategic partnership, backed by the extensive expertise of both entities, is set to revolutionise multi-banking services in the CEE region.…

Global Vision, a leader in the Central and Eastern European real estate and energy sectors, proudly announces the development of its new AI-powered ESG platform. The platform, designed to enhance sustainability, operational efficiency, and responsible governance across its real estate and energy portfolio, was officially announced at a major business event in New York which…

Romania’s ruling Social Democratic Party (PSD) PSD has drafted a bill for the significant reduction of the tax burden for low-income employees, targeting salaries of up to RON 5,700 (EUR 1,140) in gross terms, which is some 54% above the current minimum statutory wage.  According to documents consulted by Profit, in the governing program that…

Analysts are divided ahead of the October 4 monetary board meeting of the National Bank of Romania (BNR), with only some of them expecting a 25 basis point (bp) cut to 6.25%  The median Bloomberg poll, cited by BCR chief economist Ciprian Dascălu, predicts no change, with 11 out of 19 respondents seeing stable rates,…

An uncertain urban climate and major administrative blockages, especially in Bucharest, resulted in a considerable negative impact on the national GDP, according to a report by the Association of Real Estate Investors from Romania (AREI). On the other hand, it can be argued that faster real estate development in regions outside Bucharest can only be…

Polish convenience store chain Zabka, which recently entered the Romanian market with the Froo brand, plans to open 50 stores on the Romanian market by the end of the year, according to the company’s financial director Marta Wrochna-Lastowska quoted by Profit.  In the medium term, Zabka wants to open more than 1,000 units per year,…