Category: Uncategorized

Tuborg Romania announces the appointment of Simona Potecu as Marketing Vice President. Having recently joined the company, Simona Potecu submits to the team her valuable marketing expertise in the Food & Beverages industry, which she gained during more than 25 years of activity in the market region of Central and Southern Europe, as well as…

A villa located in the western Romanian city of Oradea that once belonged to communist dictator Nicolae Ceaușescu is up for auction for the fourth time.  The building, designed in 1910 and built in 1940, features Art Nouveau elements. During the communist era, it served as a residence for the first secretaries of the Romanian…

The Bucharest public can attend several outdoor film screenings, while two festivals bring classical music to numerous localities in Transylvania, where Sibiu hosts a large festival for heavy metal and rock fans. In Bucharest: Cinevara July 25 – October 3 Rezidența9 hosts this program of film screenings that focuses this year on exploring the human…

Over the past 24 years, more than 154,000 children born to Romanian parents were registered in Germany, according to data from Germany’s Federal Statistical Office (Destatis) obtained by Ziarul Financiar. In 2023 alone, 14,388 children were born to Romanian mothers in Germany, representing over 9% of the 155,000 births recorded in Romania the same year.…

On Wednesday, July 24, Romania and Hungary took a significant step towards enhancing cross-border connectivity by signing a Memorandum to restore the railway link between Timișoara and Szeged. The agreement was announced by Romania’s Minister of Transport, Sorin Grindeanu, on his Facebook page.  In the memorandum, Grindeanu and Hungary’s Minister of Foreign Affairs and Trade,…

The European Commission’s 2024 Rule of Law Report, detailing the state of governance and legal frameworks in Romania, highlights both progress and ongoing challenges in the country’s rule of law environment.  Romania has made significant strides, particularly with the formal closure of the Cooperation and Verification Mechanism (CVM) in September 2023. This closure was a…

Packeta Romania, a leading digital platform for online commerce and a member of the Czech Packeta Group, has announced the expansion of its local client network to over 1,800 online stores and partner sellers, almost double compared to one year ago.  Nearly a quarter of these clients now offer cross-border deliveries, reflecting a growing interest…

The Timișoara City Hall has awarded a contract to Turkish manufacturer Bozankaya for the purchase of 33 new trolleybuses valued at approximately EUR 19.8 million.  The order includes eight 12-meter trolleybuses with batteries and twenty-five 18-meter articulated trolleybuses, funded through the National Recovery and Resilience Plan (PNRR). Contracts will be signed soon, with delivery schedules…

Romania’s capital, Bucharest, remains among the top ten global cities with the fastest broadband internet connections, with a median download speed of 251 Mbps and an upload speed of 190 Mbps. According to Ookla’s Speedtest Global Index results in June 2024, Bucharest was seventh, behind Abu Dhabi, Valparaiso, Lyon, Shanghai, Beijing, and New York, but ahead…

Fitch Ratings has assigned a first-time Long-Term Issuer Default Rating (IDR) of ‘BB’ to Romanian telecom group Digi Communications (BVB: DIGI) with a stable outlook.  This rating reflects Digi’s strong market positions in Romania’s fixed-line and mobile segments, its growing geographic diversification, robust growth prospects, and moderate leverage, according to Fitch.  At the end of…