Category: Uncategorized

Sphera Franchise Group, the largest group in the food service industry in Romania, continues the development of its restaurant portfolio with the inauguration of the first KFC Drive-Thru in Craiova. The new unit, which required an investment of approx 1 million euro, is the fifth opened in 2024, proving the company’s dynamism and commitment to…

The Italian tenor Andrea Bocelli will perform a concert on November 17, 2024, at Oradea Arena, in a special edition of the Sounds of Oradea festival According to the organizers, the concert at Oradea Arena will feature an impressive list of songs, highlighting the artist’s incredible range and emotional depth. The event is part of…

Art Safari’s forthcoming edition, set to take place between September 6 and December 15 at Dacia-Romania Palace, will celebrate women who have made “an impressive contribution to Romanian art and culture.” Among the exhibitions that are part of the program, one will focus on Queen Marie of Romania and her role in supporting female painters…

The EU Cancer Mission Roadshow, scheduled to tour Romania until September, will make its first stop in the country in Brezoi, in Vâlcea county, on August 2. The European campaign aims to disseminate information, raise awareness, and promote early cancer detection and prevention. The caravan, an initiative of the European Commission’s Directorate-General (DG) for Research…

ROStartup Ecosystem, an umbrella organization representing Romania’s national startup ecosystem, has been officially established. The organization aims to “align strategies, improve communication, and amplify impact through the synergies created among the ecosystem’s organizations,” it said. ROStartup Ecosystem has 15 founding members, including investment funds, startup support organizations, and acceleration programs: Growceanu, TechAngels Romania, Activize, Freshblood,…

Romania’s Ministry of Culture recently announced the publishing of the tender for the consolidation and modernization of the “Omnia” Hall in Bucharest. The project, valued at EUR 13.7 million, seeks to transform the iconic building into a landmark cultural center for the Bucharest National Dance Center, according to the Ministry of Culture. “Starting in August,…

In 2023, Romanians in the diaspora sent EUR 6.5 billion back home, EUR 350 million more than in 2022. In comparison, foreign direct investments fell sharply, from over EUR 11 billion in 2022 to only EUR 6.6 billion, according to the National Bank of Romania (BNR).  As such, Romanians abroad remain one of the cornerstones…

Polish growth private equity fund bValue has recently raised its third fund of EUR 90 million and is now seeking investment opportunities across Central and Eastern Europe. With a strong focus on software, IT services, and e-commerce, bValue is particularly keen on exploring the Romanian market, it said. The fund plans to invest EUR 5…

Eden Capital Development officially announces Cortina Elysium, the newest residential project in the portfolio, and launches the apartment sales. The project is in an advanced stage of construction and is scheduled for completion in the second half of 2026. Cortina Elysium is strategically located in the north of Bucharest, near the Băneasa Forest, an area…

New orders down solidly after three successive months of growth Cost pressures up and purchasing quantities down Stocks of purchases depleted at fastest rate in series history Romania’s manufacturing sector endured some challenges entering the second half of the year. A fresh decline in new orders saw output volumes down at an accelerated rate. Meanwhile.…