Category: Uncategorized

Romania’s Financial Supervisory Authority (ASF) approved the prospectus for the operation under which Fondul Proprietatea (BVB: FP) seeks to buy back 269 million of its 5.67 billion shares in order to reduce the share capital of the fund, according to an ASF report published on the website of the Bucharest Stock Exchange (BVB). The price…

French group Danone announced it is relocating part of its yogurt production from Spain to Romania, thus expanding the production at the factory in Bucharest, among others, in order to produce protein-rich drinking yogurts under the brand YoPRO, in response to new consumption trends. “The local market segment dedicated to protein-rich products is growing,” said…

Knauf Insulation, part of the German construction materials group Knauf, announced that it completed the construction of a glass mineral wool factory in Târnăveni, in central Romania, after an investment of approximately EUR 140 million.  The facility will be inaugurated by the end of the year. The new factory is the company’s most modern production facility…

Savini Due, a furniture producer in Romania controlled by Italian businessman Piersante Savini, will complete its new EUR 35 million factory this year and thus more than double its production capacity, Ziarul Financiar announced, quoting company’s officials. “In the second half of this year, we are focusing on the gradual transfer of the production lines…

The Romanian government endorsed on September 4 the emergency ordinance that includes a series of measures aimed at curbing the fiscal deficit this year by collecting as many unpaid taxes as possible while also cutting unnecessary expenses.  It’s not an austerity package, prime minister Marcel Ciolacu said ahead of the government meeting. However, it is…

Several special locations in Romania will host Classic Unlimited concerts in September and October.  Pianist Bogdan Vaida, the initiator of the concerts, will bring classical music to unconventional venues for such events, reviving the stories behind classic masterpieces. The tour organizers have selected small towns, and rural communities, and reinvented cultural spaces as concert venues.…

TIFF Sibiu will take place from September 12–15 this year, bringing Romanian film premieres, Hollywood blockbusters, music documentaries, and a focus on German cinema to screens in the Transylvanian city’s Piața Mare, CineGold, and the German Forum. Directors, actors, and screenwriters are expected in the city. The festival will feature some 30 films, among which will…

Real estate transactions in Romania increased two and a half times in the first half of 2024 compared to the same period in 2023, to EUR 419 million, according to a Colliers report. And amid a favorable outlook, the figure is expected to hit the EUR 1 billion mark by the end of the year.…

Local non-profit Dăruiește Viață extended the partnership signed in 2015 with the Marie Curie Hospital in Bucharest, which allowed the construction of a brand-new children’s hospital with funds collected exclusively from donations and sponsorships. The new agreement creates the legal framework for further expansion with a second building and, later on, the development of the…

Two young Romanian entrepreneurs experienced in product design have launched Menteno, a digital solution that transforms the way hotels, aparthotels, and properties manage guest requests and feedback.  Menteno seeks to improve operational efficiency and customer satisfaction through a simplified and automated process, reducing response time to guest requests “from hours to just a few minutes.”…