Category: Uncategorized

Stemming from the desire to bring together players in the Romanian fitness industry, UPfit.Cloud, a leader in software solutions for fitness clubs, announces FitNet’s launch in early September. Through this innovative project, the company aims to provide a support network to users who want to adopt a healthy lifestyle and provide increased exposure for Romanian…

Up Romania launches Up Play and becomes the first company in the employee benefits market to connect a complex gamification module with a mobile application. In this stage, the module is available only for users of Up Dejun cards in Bucharest and Ilfov and will later be extended throughout the country for several products from…

Romania’s stock market is fast becoming one of the top performers in Europe, with investors confident that the rally will continue as more companies are expected to go public, according to finance markets media outlet Bloomberg. The BET index of the Bucharest Stock Exchange has delivered a return of nearly 40% in dollars over the…

For every new car registered in Romania, three used cars are imported from abroad.  New car registrations in Romania decreased in August 2024 by 22.64% compared to August 2023, reaching a volume of 9,972 units. For the first eight months of 2024, new car registrations reached 106,534 units, an increase of 6.35% compared to the…

A Dacian gold bracelet, decorated in a spiral pattern, likely dating back to the end of the Bronze Age (circa 12th-9th century BCE), at least a century before the unifying reign of famous Dacian king Burebista, is up for auction in Bucharest. Artmark, the auction house in Bucharest, is setting up an auction with over…

The hourly cost of labor in Romania, adjusted for the number of working days, recorded a growth rate of 15% from the second quarter of 2023 to the same period this year. The growth rate was 6.79% compared to the previous three months. Compared to the first quarter of 2024, the hourly labor cost (adjusted…

The Romanian government is preparing to allocate a portion of the restructuring aid for the state-owned carrier Tarom from the budget reserve fund.  The funds, nearly EUR 12 million, are needed for Tarom to pay overdue debts, which could destabilize the company’s financial balance due to the accumulation of late payment penalties, according to the draft…

Early Game led a EUR 500,000 pre-seed investment round raised by The Cat Health Company (TCHC), a biotech startup working in the field of veterinary longevity with laboratories in Bucharest. Angel investors also joined the round. While TCHC considered a broad range of new therapies, the founders, driven by their love for cats, embarked on…

Social Democrat (PSD) deputy Daniel Suciu was elected on Monday, September 2, with 205 votes in favor, as the president of the Parliament’s Chamber of Deputies.  Suciu replaced the interim president of the Chamber, Alfred Simonis, who resigned from his position after being elected president of the Timiș County Council in the local elections on…

Rim Kap-soo, the ambassador of the Republic of Korea in Romania, went on a short trip to the famous mountain road Transfăgărășan and shared his experience on social media. “I took a short trip to Transfăgărășan. The breathtaking view cleared my mind. Romania is such a blessed country,” the ambassador wrote on Facebook. “I hope…