Category: Uncategorized

K2 Retail Properties, part of the Goldbach Group, has announced the opening of its first K2-branded retail park in Râșnov, Brașov county, and the development of 22 additional retail galleries nationwide. Fully leased to international retailers, the retail gallery in Râșnov marks the first of its kind for the brand and is part of the…

Norofert, the leading producer of organic agricultural inputs and biotechnology provider for Romanian agriculture, listed on the Bucharest Stock Exchange’s AeRO market (BVB symbol: NRF), said it completed a new bond issuance worth RON 6.95 million. These bonds will be listed on the Bucharest Stock Exchange’s SMT (AeRO market) under the symbol NRF29, with the…

The Romanian Ministry of Education has approved the curriculum for the subject “The History of Communism in Romania,” which will be taught to 12th-grade students in day programs and 13th-grade students in evening and reduced-frequency programs starting with the 2025-2026 school year. The subject, included in the new education law, aims to help young people…

European Aquatics revealed the nominees for the 2024 Athlete of the Year Awards, and three Romanians are on the list: star swimmer David Popovici and high divers Cătălin Preda and Constantin Popovici. Fans can vote for their favorite athletes by December 31. The awards celebrate male and female competitors across the whole range of European…

Romania continues to rank among the European Union countries with the lowest gross minimum wages, standing at EUR 604 (approximately RON 3,000) in the second half of 2023 and set to rise to EUR 743 (around RON 3,700) in the second half of 2024, according to the latest edition of Monitorul Social, a project of…

Representatives of the reformist Save Romania Union (USR), after another round of talks on December 16, hinted they would pull out of the negotiations for a broad ruling coalition because the incumbent alliance partners came up with plans to hike the tax rates instead of cutting public spending. Realistically speaking, the weak budget revenues in Romania…

Romania’s Ministry of Energy announced on December 16 that it has completed the evaluation of the financial offers submitted by participants in the first Contracts for Difference (CFD) auction in Romania, and contracts for over 1,500MW of new green energy production capacity have been awarded. Out of a total of 48 bids submitted for both technologies,…

German energy group E.ON reached an agreement to sell its 68% stake in Romanian electricity and natural gas supplier E.ON Energie Romania and 98% of related services unit E.ON Asist Complet to the Hungarian state-owned company MVM, according to a press release of the two companies. The terms of the deal were not disclosed. The…

The 5 To Go coffee shop chain, founded in 2015 by Radu Savopol and Lucian Bădilă and now partly owned by Mozaik investment fund [35%], is in talks with a series of investment funds for the sale of a stake, possibly a majority stake, according to Profit.ro. “The deal was not signed yet. Indeed, this year…

Low-cost carrier Wizz Air announced plans to establish a permanent base in Chișinău, the capital of the Republic of Moldova. The airline will allocate a second aircraft to the base in summer 2025, introducing three new routes and adding over 360,000 seats annually to and from Moldova. The new routes from Chișinău include Barcelona and…