Category: Uncategorized

Romanian electronics retailer Altex, owned by businessman Dan Ostahie, is set to contract a new loan of EUR 26 million from the European Bank for Reconstruction and Development to finance up to 70% of a new 55,000-square-meter warehouse in Bucharest. The loan is granted for eight years, with a grace period of 1.5 years. In…

Hunter Biden, son of US president Joe Biden, was recently accused by US prosecutors of accepting payments from Romanian businessman Gabriel Popoviciu, who sought to “influence US government agencies” in connection with a criminal probe in Romania. According to the prosecutors cited by ABC News, Gabriel Popoviciu, allegedly named “G.P.” in the charges, hired Hunter…

Mixed reality (MR) gaming startup MixRift has raised USD 1.6 million in a seven-week pre-seed investment round. Outsized Ventures and Underline Ventures co-led the round, supported by SOSV, a fund that has invested in only a few gaming companies in over five years, and a number of angel investors, MixRift said. The funds will support…

One United Properties (BVB: ONE), the leading Romanian green developer of residential, mixed-use, and office real estate, announces the publication of the prospectus for the share capital increase following its approval by the Romanian Financial Supervisory Authority. The Group aims to raise EUR 70 mln to finance the Company’s next growth phase by issuing 1.750.000.000 new shares. “Since…

Tata (Dad), the documentary film written and directed by Lina Vdovîi and Radu Ciorniciuc, will premiere at this year’s Toronto International Film Festival (TIFF), set to take place from September 5 to September 15. The documentary, produced by Monica Lăzurean-Gorgan, sees the three filmmakers collaborate again after working together on the awarded documentary Acasă –…

Romanian Prime Minister Marcel Ciolacu has decided not to attend the closing ceremony of the Paris Olympics. This decision follows what he described as a scandalous situation in the gymnastics competition where Romanian athletes were treated dishonorably. He expressed his outrage on Facebook, condemning the unfair treatment of the gymnasts, particularly the withdrawal of a…

Romania’s National Liberal Party (PNL), the junior ruling coalition partner in Romania, has spent some EUR 2 million so far in promoting a book written by party leader Nicolae Ciucă, former Prime Minister of Romania, current Senate President and presidential candidate. This substantial investment in promoting Ciucă’s book amidst an electoral period raises questions about…

The Edenred Digital Center, the technology hub of the Edenred Group in Romania, has expanded significantly, reaching over 300 employees. Located in Bucharest, this center is the only one of its kind the group has in Europe and plays a pivotal role in Edenred’s technological division. The center has been instrumental in driving Edenred’s transformation…

Romanian real estate developer One United Properties reported sales and pre-sales figures for the first half of 2024, totaling EUR 123.3 million. During this period, the company sold and pre-sold 452 apartments and commercial units, covering a total surface area of 43,809 sqm, along with 624 parking spaces and other unit types. Victor Capitanu, co-CEO…

Romania has retained its position as one of the most affordable countries in Europe for new housing, ranking third after Bosnia and Herzegovina and Greece, according to the latest Deloitte Property Index. The average price for new housing in Romania was EUR 1,504 per sqm in 2023, a slight increase from EUR 1,461 per sqm…