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The International Documentary Festival Astra Film announced its selection for this year’s edition, which will take place in Sibiu from October 20 to 27. Most productions will be presented for the first time in the Romanian city. The selection for the Romania competitive section includes 11 films that bring to the forefront “uncomfortable, even disturbing…

Modular classrooms will open in Mălureni, Argeș county, as a solution for the children who used to walk 7 km through a forest to get to the nearest school, county prefect Dragoş Predescu announced. According to him, this is the first such educational unit in Romania made exclusively with resources from the State Reserves. Eight…

H1 2024, best first semester of the year in history in terms of sales, EBITDA and net profit  Net profit of RON 40.6 mn, +109.4% YoY in H1 2024, generated by strong performance across all three markets  Restaurant operating profit of RON 87.8 mn, +44.8% YoY in H1, with high double digit increases for Taco Bell, KFC Romania and…

Avon, one of the leading global players in the beauty industry, opened its first brand store in Romania, which operates in a franchise system. The opening marks an important step in the company’s local presence and is a “response to consumer demand and interest for the products in its portfolio.” The store is located in…

One United Properties (BVB: ONE), Romania’s leading green developer of residential, mixed-use, and office real estate, announces that its Board of Directors has approved a proposal to consolidate the number of the company’s shares. The consolidation will be carried out at a ratio of 50 shares to 1. This proposal, aimed at reducing the number…

The Securitate, the secret police agency of communist Romania, recruited more than 121,000 people between 1970 and 1979, according to official data released by the Council for the Study of the Securitate Archives, CNSAS. These were new collaborators who joined the existing information network. Of these new collaborators, approximately 99,000 were men, and 21,000 had…

Romania intends to take over children from Gaza who are currently receiving medical care in Egypt, the minister of foreign affairs, Luminiţa Odobescu, told Agerpres.  The Romanian official participated in Brussels at the informal Foreign Affairs Council, which brought together the heads of diplomacy from the European Union. The conflict in the Middle East was…

Salt Bank, Romania’s first 100% digital neobank, has seen remarkable adoption, with over 250,000 users embracing its innovative and fully digital banking experience in the first 100 days since launching in the spring of 2024.  Salt Bank aims to blend the financial stability of a traditional bank with the agility and user-centric approach of a…

Meta Estate Trust, a publicly traded holding company operating in Romania’s real estate sector, has announced a net profit of RON 6.1 million (EUR 1.2 mln) for the first half of 2024, double compared with the same period of last year. This significant growth in profitability was accompanied by a 6% increase in equity.  Total…

Romania is the EU country with the lowest levels of digitalization among its enterprises, according to a Eurostat report.  The data reveals that 72.1% of Romanian businesses fall into the “very low” category of digital intensity, the highest proportion among EU countries. Meanwhile, only 1.3% of Romanian companies have a “very high” digitalization level. This contrasts…