Category: Uncategorized
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Bucharest mayor claims final word on real estate developments
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)…
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Romania launches new Start-Up Nation scheme for entrepreneurs
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…
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Turkish investor to build insulated pipes factory in eastern Romania
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…
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Greek logistic operator Goldair Cargo enters Romanian market
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…
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OMV Petrom to develop 18MW power storage capacity
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…
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Ford Otosan expects 40% more vehicles produced at its Romanian plant this year
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…
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Turkish Entek enters Romanian renewable energy market with EUR 33 mn acquisition
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…
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Romanian truck producer ATP to build second assembly plant for trucks and buses
ATP Trucks Automobile from Baia Mare, which produces the Truston trucks, started a project to build a second truck and bus assembly plant, according to Economica.net quoting local media. According to an announcement published by the company, “electric and hydrogen trucks and buses” will be assembled in the new production facility. The production capacity expansion…
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Update: ICU doctors at Bucharest hospital on strike to protest detention of doctors suspected of murder
ICU doctors at the St. Pantelimon Hospital in Bucharest decided on Thursday, August 8, to go on strike in protest against the detention of two female doctors by prosecutors. Two doctors, specialists in Anesthesiology and Intensive Care, were detained the day before for murder in a case involving suspicious deaths in the ICU. A nurse…
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Romanian actor among leads in Hollywood blockbuster film Borderlands
Romanian actor Florian Munteanu had one of the leading roles in the Hollywood blockbuster Borderlands, alongside stars such as Cate Blanchett, Jamie Lee Curtis, and Kevin Hart. The Romanian actor plays the role of Krieg, the muscular protector of a wild and destructive pre-teen. The film is based on one of the best-selling video game…