Category: Uncategorized

Damen said it signed a contract with the City of Toronto in Canada for the delivery of two fully electric ferries. The vessels will be built at the company’s shipyard in Galaţi, Romania, using a design produced by Quebec-based Concept Naval. The ferries will be 50 meters long with a maximum beam of 13 meters.…

Spotlight – the International Festival of Light, one of Bucharest’s most anticipated open-air visual arts events, will return to Calea Victoriei avenue next month, from October 11 to 13. The organizers promise a unique show of light and technology, with impressive light art installations and video mapping sessions on the city’s iconic buildings. Thus, for…

The names of the 15 companies designated as finalists at the BVB Arena 2024 edition were disclosed last night (September 26) at the already renowned Gala in the framework of the BVB Arena project organised by the Bucharest Stock Exchange. BVB Arena was launched in April 2024 and is the stock exchange program initiated as…

While at the 79th UN General Assembly in New York, Romanian foreign minister Luminiţa Odobescu took part in an event hosted by the German foreign minister, Annalena Baerbock, focused on the rights of women and girls in Afghanistan.  On this occasion, Romania joined Germany, the Netherlands, Canada, Australia, and other international partners in launching an…

Vitesco Technologies, a leading international developer and manufacturer of cutting-edge drive systems for sustainable mobility, appointed Sunil Mahesh Moudgalya as director for its factory in Brașov, central Romania. He replaces Raffaele Russo, who continues his career as Head of Quality Operations, Supply Chain Management & Purchasing at Schaeffler.  Sunil Mahesh Moudgalya has over 15 years…

Romania is expected to enter the Visa Waiver scheme and thus travel freely in the United States as the country already met the 3% visa refusal rate requirement, prime minister Marcel Ciolacu told Realitatea TV station, Profit.ro reported.  An official announcement is expected around October 15, he said. Separately, president Klaus Iohannis announced good odds…

Ussuri Capital Partners (UPC), a company based in Turkey with Ukraine’s Roman Kurashev as CEO and co-founding member, announced that it is launching the first round of financing, through which it wants to raise EUR 60 mln for the first phase of the planned EUR 900 mln steel plant in Romania, according to Economica.net. The…

The sovereign fund of the state of Singapore (GIC) is reportedly considering the sale of the logistics project P3 in Romania, estimated at EUR 265 mln, according to Ziarul Financiar, quoting data familiar with the negotiations.  CTP, WDP, as well as Garbe and Hillwood are reportedly among the interested buyers. The P3 logistic park is…

Romania’s leading financial group, Banca Transilvania (BVB: TLV), announced the final results of the FX bond issued on September 25, when it raised EUR 700 mln in bonds maturing in 2030, listed on the Dublin Stock Exchange and eligible for the Minimum Requirement for Own Funds and Eligible Liabilities (MREL). This marked the second year…

The farmers, whose crops were damaged in a proportion superior to 50% by the drought in the previous farming year, will have their dues to bank and non-bank financial institutions deferred until August 2025 and will get state aid in the form of loans, according to the amendments to some emergency ordinances agreed by the…