Category: Uncategorized
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Colliers: Romanian luxury market dominated by multi-brand stores and franchise partnerships
Central and Eastern Europe (CEE), encompassing the six growing economies of Romania, Bulgaria, the Czech Republic, Hungary, Poland, and Slovakia, presents an increasingly promising environment for major international brands, including luxury, with significant potential for expansion and profit margins. According to Colliers’ recent report ”Luxury Retail Brands in CEE,” most exclusive brands in the Romanian…
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Bucharest events: George Enescu Philharmonic adds jazz season, Baroque music concerts
Bucharest’s George Enescu Philharmonic (FGE) has added a series of jazz concerts to its program, a first in the history of the institution. As such, once a month, on a Monday, it will hold a jazz evening. The first event, scheduled for October 14, is a concert by Amphitrio Jazz Trio, as part of the…
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Wolfram Senger-Weiss, CEO of Gebrüder Weiss: Our focus is on Central and Southeastern Europe, and Romania is the biggest market in the region
Wolfram Senger-Weiss, the CEO of Gebrüder Weiss – one of the biggest logistics groups in Europe, shares his thoughts about Romania, sustainability and the way technology is changing the logistics sector. The international transport and logistics company Gebrüder Weiss recently celebrated its 30-year presence in the Romanian market by opening a new logistics hub near…
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Bucharest’s Băneasa Airport to be closed in October for runway maintenance
The “Aurel Vlaicu” Bucharest Băneasa International Airport will be closed for three weeks in October for intervention and maintenance works on the runway. The project is estimated at over EUR 2.12 million, and the contractor is SC Porr Construct SRL. “Bucharest Airports National Company announces the start of intervention and maintenance works on the runway…
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Romanian author Mircea Cărtărescu to meet readers in New York next month
The Romanian Cultural Institute (ICR) in New York will organize on October 4 a special event dedicated to Mircea Cărtărescu, one of the most important contemporary writers, recent laureate of the prestigious Dublin Literary Award (2024) and The Los Angeles Times Book Prize (2023) for his novel Solenoid. Sean Cotter, the masterful translator of Romanian…
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Romanian oncologist who accepted 280 bribes gets three-year prison sentence
The former head of the oncology department at the Suceava County Hospital, Anca Dumitrovici Ababneh, was sentenced to three years in prison in a bribery case. The decision of the Suceava Court of Appeal is final, according to Digi24. She was sent to court in November 2023 after the prosecutors determined she received bribes 280…
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Romanian president attends UN General Assembly in New York
President Klaus Iohannis heads the Romanian delegation to the high-level meeting of the 79th session of the General Assembly of the United Nations (UN), which takes place in New York, the US, this week. The central theme of the current session is Unity in diversity, for the advancement of peace, sustainable development, and human dignity…
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Households hit by floods in Romania get EUR 3,000 from government for appliances
The households affected by the recent severe floods would benefit from a voucher of RON 15,000 (EUR 3,000) each for purchasing household appliances, Social Democrat (PSD) spokesman Lucian Romaşcanu announced on September 23, quoted by Agerpres and Bursa.ro. He said that in the coalition’s last meeting on September 23, the PSD and PNL leaders established…
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Belgian ABEE abandons plans for EUR 1.4 bln battery plant in Romania
Belgian company Avesta Battery and Energy Engineering (ABEE) has decided to end its collaboration for the project in Romania but continues to explore other promising locations to support strategic growth, according to a company’s statement dating from June surfaced in local media (Economica.net, Ziarul Financiar) on September 23. ABEE officially unveiled its EUR 1.4 billion project for the…
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EC earmarks EUR 21.6 mln for Romanian farmers hit by floods
The European Commission (EC) proposes a EUR 120 million allocation from its reserves for direct payments to farmers in Bulgaria, Germany, Estonia, Italy, and Romania who were impacted by adverse weather events in the spring and early summer, the EC’s Representation in Romania said in a press release. Of this grant, EUR 10.9 million is…