Category: Uncategorized

VTEX (NYSE: VTEX), the composable and complete commerce platform for premier B2C and B2B brands and retailers, has achieved the Amazon Web Services (AWS) Consumer Goods Competency. As an AWS Partner, VTEX has earned the AWS Consumer Good Competency designation, which recognizes its expertise in delivering validated solutions to help consumer goods brands overcome operational…

Companies in construction, transport, renewable energy, and services have played a leading role in strengthening economic ties between Romania and Spain. At its annual event, ASEMER, the Spanish Investors’ Association in Romania, honored these contributions by awarding outstanding achievements in bilateral cooperation. “The commercial relations between Romania and Spain are becoming increasingly dynamic, and we…

The association Erbașu Construction – SOMET has secured a RON 149 million (EUR 30 million) contract to construct and equip the High-Power Optics Centre on the Măgurele platform near Bucharest, according to data from Romania’s public procurement platform, SICAP, quoted by Economedia.  The project is an extension of the Extreme Light Infrastructure – Nuclear Physics…

South African property developer MAS RE has entered negotiations with M Core to sell seven strip malls in Romania for EUR 49 million, a value 3.1% higher than the EUR 47.5 million appraisal by Colliers Romania.  The net cash proceeds are estimated at EUR 43.5 million after working capital adjustments.  The strip malls included in…

Real estate developer Nusco has signed an agreement for the opening of the first Hyatt hotel unit in Bucharest in Nusco City, a mixed-use development in the northern part of the city. The Hyatt operator is entering the Bucharest market with the Hyatt Place and Hyatt House brands. Hyatt Place will operate a 170-room, 4-star…

ING Bank analysts have revised Romania’s GDP growth forecast for 2024 to 1.0% from a previous estimate of 1.3%, citing persistent weak growth and rising risks tied to the country’s electoral context.  However, growth is expected to accelerate to 2.6% in 2025, supported by EU-funded investments, wage increases, and Romania’s anticipated Schengen accession. Romania’s economic…

On Wednesday, December 18, the Bulgarian government decided to temporarily introduce controls at the Bulgarian-Romanian internal border and suspend the operation of border crossing points at the Bulgarian-Romanian and Bulgarian-Greek internal borders. This decision, which precedes Bulgaria’s actual accession to the Schengen area with land borders, was agreed upon with Romania, Hungary, and Austria on November…

The NGO Save the Children Romania issued a public letter urging the new government, as well as parliamentary parties, to urgently address the causes leading to severe disparities regarding equal and non-discriminatory access for children to health, education, and social protection services. The letter is accompanied by a detailed analysis that outlines the state of…

Romania’s Buzău Land UNESCO Global Geopark is celebrating 100 years of protection for the mud volcanoes with the launch of an exclusive video showcasing their scientific monitoring. Vulcanii Se Cutremură/The Volcanoes Tremor documentary presents the results of a groundbreaking geophysical research project, conducted for the first time in Romania, aimed at understanding the underground structure of…

Romania’s TeraPlast, the largest polymer processor in Southeast Europe, announced the acquisition of Wavin Hungary’s assets for the production of PVC and PE pipes. The move represents another step in the Romanian company’s expansion in Europe. The acquisition of Orbia Building and Infrastructure, the name of the assets, will be made by Polytech Kft, a…