Category: Uncategorized

Allianz-Țiriac Asigurări, the biggest insurer in Romania, reported total gross written premiums of over RON 1.8 billion (EUR 362 mln) in the first half of 2024, up 7.1% compared to the same period in 2023.  This substantial growth was largely driven by the life insurance segment, which saw a 22% increase, positioning it as the…

Safetech Innovations, a Romanian cybersecurity company listed on the Bucharest Stock Exchange (BVB: SAFE), has reported individual revenues of RON 30.2 million (EUR 6.07 mln) in the first half of 2024, marking a 53% increase compared to the same period last year.  The turnover reached RON 22.7 million, up by 68%, as the company gained…

The Ministry of Finance (MF) attracted almost RON 1.7 bln and over EUR 311 mln through five issues of government bonds for retail investors (Fidelis), within the fourth offer held this year on the capital market. This is the largest amount raised by the Ministry of Finance through a public offering for Fidelis government bonds.…

Reșita, Galați, and Sfântu Gheorghe (Covasna county) are the county seats with the cleanest air in Romania, according to the City Index, an urban performance analysis launched by the Institute for Visionary Cities. Air quality is one of the 51 performance indicators measured by the index as part of the place’s Quality component. Next in…

Endava, a global provider of digital transformation, agile development, and intelligent automation services, partnered with the Research Institute of the University of Bucharest (ICUB) recently to revolutionize archaeology through the application of AI technology. This innovative collaboration was showcased at the summer school, “From Robotics to Archaeology: Experimental, Innovative, and Exploratory Summer School,” held from…

Save the Children Romania started the project to renovate and purchase equipment for the Polizu Maternity Hospital in Bucharest, one of the most complex projects to support the medical system in Romania, with total costs of EUR 3 million. Eighteen artists have joined the fundraising campaign Cântec de leagăn pentru Polizu/Lullaby for Polizu, now open…

Romania’s media and entertainment industry is set to grow by 2.5% this year compared to 2023, to a value of EUR 4.43 billion. According to the PwC Global Entertainment & Media Outlook 2024-2028 (GEMO) report, most segments are expected to register increases this year. In 2024, Romania will have the lowest estimated growth rate of…

Natalia Intotero, Romania’s minister of family, was admitted to a hospital on Tuesday, August 27, after being involved in a car accident on national road 7, in Vâlcea county. The vehicle she was in overturned after being hit by another car. Intotero was initially taken to the Emergency County Hospital in Râmnicu Vâlcea for medical…

Oxygen has been chosen as the integrated communication agency for Avon, a leading global player in the beauty industry, following a rigorous selection process.  Through this partnership, Oxygen will work closely with Avon’s brand team to develop and implement consumer communication campaigns, CSR initiatives, and corporate communication strategies for Avon Cosmetics Romania. Recently, Avon released…

Germany’s Oil Dynamics GmbH inaugurated a new state-of-the-art service center in Bucharest. The new ESPRO facility features a warehouse with selected inventory, an inspection and testing area, a delivery preparation section, an equipment repair and overhaul shop, and a DIFA zone. “The new subsidiary has been established to expand our business activities in Eastern Europe…