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Kaufland said it would install new battery swap stations for electric cars at ten of its stores in Romania in partnership with local startup e-Mobility Rentals. The collaboration began in September 2023, initially only in Bucharest, and is currently in full expansion, the company said. The new Battery Swap stations will be located by the…

RetuRO, the administrator of the Deposit Return System, the largest circular economy project in Romania, has opened opening the sixth regional centre for counting and sorting DRS packaging in Almăj, Dolj County, near Craiova. The centre will manage and process beverage packaging collected from retailers. It will mainly serve the southern part of the country.…

Between 2024 and 2026, the Bucharest hotel will experience the highest supply growth among Central and Eastern Europe capitals (Bucharest, Warsaw, Prague, Bratislava, Budapest, and Sofia) with an approximate 5.8% increase, adding around 2,400 rooms, according to an analysis by Cushman & Wakefield. This growth outpaces the CEE-6 capitals’ average growth of 3.2%. Several new…

Romanian students ended the 2024 European Junior Olympiad in Informatics with gold and silver, bringing Romania to first place in the medal ranking, the Education Ministry announced. The competition’s 8th edition was hosted by Chișinău, Moldova, and brought together 98 competitors from 25 countries. “Our students’ constant effort took Romania to first place in the…

The European Bank for Reconstruction and Development (EBRD), CEECAT Capital, and Morphosis Capital Fund II signed an agreement to become the majority shareholder in the local retailer La Cocoș, owned by Romanian entrepreneurs Iulian and Gianina Nica. The partnership targets an accelerated expansion of the retailer’s footprint across Romania. The collaboration aims to develop the…

More than 100 civil and military aircraft and 150+ pilots and paratroopers from 13 countries will participate on August 31 at the 14th edition of Bucharest International Air Show & General Aviation Exhibition (BIAS), the largest air show in Romania. The event, held at the Băneasa Airport, celebrates 20 years since Romania’s accession to NATO.…

The European Bank for Reconstruction and Development (EBRD) and Raiffeisen Bank International are lending EUR 110 million to the Israeli company Nofar Energy for the development of two photovoltaic parks located in Iepuresti and Ghimpati, in the south-east of Romania, with a total installed capacity of 330 MW. The financing is extended in equal shares…

Bucharest Exchange-listed Purcari Wineries PCL (BVB: WINE), CEE’s leading wine producer, announced its consolidated (group) revenue increased by 3% y/y to RON 165.9 million (EUR 34 mln) in H1, driven by a 12% growth in the core wine segment, while the waste recycling segment was discontinued. The group’s net profit rose by 15% y/y to…

Romanian households placed a record RON 3.2 billion (EUR 640 mln) to buy Government bonds denominated in local currency and euros during the latest issue under the Fidelis scheme, announced Profit.ro. The money was roughly equally split between local currency (RON 1.7 bln) and euros (EUR 311 mln or RON 1.55 bln).  The record value…

The main bike lane network in Bucharest will reach 150km within ten years from 25 km currently, while the secondary bike lane network under the supervision of the six districts may measure 400km, according to the Velo Plan Bucharest, currently under public debate. Radu Andronic, the representative of FIP Consulting, the company that elaborates the…