Category: Uncategorized

The Tour of Romania, set to gather 26 teams from 14 countries, will take place between August 14 and August 18, the Romanian Cycling Federation announced. The tour will start in Deva and will take place in five stages, going through Alba Iulia, Păltiniş, Sibiu, Cristian and Târgovişte, and ending in Bucharest. It will cover…

The Tate brothers, who recently filmed themselves feeding a bear from their car on the side of the road, have each been fined RON 1,500 (EUR 300).  The fine was announced by the Ministry of Environment on Thursday, August 8. Feeding wild animals is prohibited by law in Romania. Feeding bears can be especially problematic,…

Luminița Runcan has been appointed the general manager of OTP Bank Romania, where she will coordinate the integration of OTP Romania into the BT Group. The appointment follows Banca Transilvania’s acquisition of OTP Bank Romania, a EUR 347.5 million deal announced in February of this year. Runcan, who has received the approval of the National…

Bucharest mayor Nicușor Dan accused the Traffic Commission of issuing illegal permits for real estate projects and announced that from now on, such permits will be issued by himself only, with the Commission having a consultative role.  “Starting today, I will sign the traffic notices for zonal and detail urban planning documents (PUZs and PUDs)…

Romania’s Government endorsed on August 8 the fourth edition of the Start-Up scheme dedicated to local entrepreneurs, with an implementation calendar of five years and a budget of EUR 450 million, out of which 80% is from European funds under the Education and Employment 2021-2027 program and 20% from the national budget. Unlike the previous…

Turkish company Dogan Jeotermal, active in construction, tourism, and manufacturing, purchased a plot of land and related buildings for developing a pre-insulated pipes factory, the mayor of Buzau Constantin Toma said, quoted by Bursa. The pipes will be delivered to heating networks in Romania and the European Union. The project reached an advanced stage, and…

Goldair Cargo, one of the most important Greek providers of transport and logistics services, has opened a branch in Romania as part of its strategy to strengthen its presence in the markets of Central Europe, according to Profit. This is Goldair’s first branch outside Greece. Goldair Cargo Romania is headquartered in Bucharest, and its main…

Romanian energy group OMV Petrom seeks to develop a power storage installation with a capacity of 36MWh, able to deliver power at a rate of 18MW, close to the 89MW solar power plant it is developing in Isalnita.  “As part of the PNRR call for projects, the company submitted a project for a storage capacity…

Ford Otosan projects for the full year 2024 a production of between 650,000 and 700,000 vehicles for all the company’s plants, out of which 250,000 – 270,000 would be assembled at the factory in Romania. The factory in Romania would reach a capacity utilization rate of nearly 100%. Last year, the Ford Otosan plant in…

Entek Elektrik Üretimi (Entek Electric Production), a company active in the energy sector part of the Turkish group Koç, acquired two Romanian companies that are in the process of obtaining the rights for the development of a 214.26 MWdc (171-182 MWac) photovoltaic project. The price is approximately EUR 32.9 million, subject to adjustments in the…