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VTEX named a Challenger in the 2024 Gartner® Magic QuadrantTM for Digital Commerce report   Engineered for Growth, Driven for Success: VTEX is Taking on U.S. Legacy Commerce with the success of Customers like Colgate, Hearst, Calvin Klein, Whirlpool, and more. Enterprise brands are no longer accepting the limitations of legacy commerce platforms. In fact, in…

Meta Platforms Inc. allowed a network of Facebook pages to post more than 4,100 political ads attacking Romania’s pro-EU presidential candidate Elena Lasconi and promoting far-right figures, including Călin Georgescu, in the run-up to the country’s elections, a report says, according to a Bloomberg investigation. The campaign was run on 25 apparently separate Facebook pages…

Austria has withdrawn its opposition to Romania and Bulgaria becoming full members of Europe’s Schengen free-travel area, the country’s interior minister Gerhard Karner announced. This decision clears the way for European Union interior ministers to approve the move at their meeting on Thursday, December 12. Romania and Bulgaria, both EU and NATO members, had partially…

Romania’s prime minister and Social Democratic Party (PSD) leader, Marcel Ciolacu, has been granted a “broad mandate” to negotiate the formation of a pro-European coalition government, party spokesperson Lucian Romașcanu announced. PSD sources quoted by Ziarul Financiar suggest two potential coalition scenarios: one including the reformist Save Romania Union (USR) and another excluding it. The…

Herbal Therapy Laboratories group, with combined operations in Romania and the Republic of Moldova estimated at RON 20-25 million (EUR 4-5 million) in 2023, has completed an investment for a new 1,800 sqm production space in northeastern Romania at Botoşani, where it produces cosmetics. In 2025, the group targets RON 70 million combined turnover. The…

Enterprise Investors-owned Polish fintech PragmaGO, one of the largest non-banking financial institutions on the Polish market providing services to small and medium-sized entrepreneurs, took over the Romanian peer Telecredit IFN, which operates under the Omnicredit brand, from the investment fund Reconstruction Capital II Limited (RC2) and Elisa Rusu, the company’s CEO.  The Katovice-based fintech is…

Romania is facing increased risks related to the security of its electricity supply, as imports are reaching alarming levels, according to an official document consulted by Profit.ro.  The government highlights Romania’s role in supporting Ukraine and the Republic of Moldova, as well as the decisions to close some coal-fired capacities in the context of the…

Former Romanian state-owned coal and power group CE Oltenia will rehabilitate a 9.9 MW hydropower plant owned through its subsidiary Electrocentrale Turceni under the Modernisation Fund, the Ministry of Energy announced on December 9. The project involves investments worth RON 46.9 million (EUR 9.4 million) TVA included, of which 65% is provided as a grant…

Romanian proximity store chain AuGust, co-founded by local entrepreneur Gabriel Sandu, announced that it has entered into negotiations for the acquisition of the 87 Profi and Mega Image stores that the Dutch-Belgian Ahold Delhaize must sell as part of the transaction through which it acquired the Profi chain, Economica.net reported.  The company Pronto August, controlled…

Romania’s railway operator CFR is the 11th most punctual in a ranking of similar companies across Europe put together by NGO Transport & Environment and quoted by local Agerpres. The Italian operator Trenitalia is the best railway company in Europe, with a score of 7.7 out of 10, while Eurostar, the high-speed train operator connecting…