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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…

Orange Romania, the biggest telecom group in the market, has reported consolidated revenues of EUR 699 million for the first six months of this year, representing a 7.7% decrease compared to the same period in 2023. The company didn’t mention the factors that led to the revenue decline. As of June 30, 2024, Orange Romania…

Austrian company Agrana, the largest sugar producer in Romania, has announced an indefinite suspension of the sugar refining line at its Buzău factory due to supply chain disruptions causing significant economic impact.  Despite this halt, other operations at the Buzău and Roman factories, including packaging, storage, and logistics, continue as usual.  The decision to stop…

The Romanian Competition Council has authorized the acquisition of Eolica Dobrogea One by Premier Energy through its subsidiary Premier Renewable Invest Co. This strategic move aligns with Premier Energy’s goals of expanding its presence in the renewable energy sector.  Premier Energy PLC (BVB: PE) is a holding company active in electricity production, commercialization, supply, green…

The first houses for stray cats, created through a participatory budgeting project, were installed by Bucharest’s District 6 City Hall. In total, four houses were placed in the district. Local residents say that the cats previously lived in the basements of a building.  A month ago, the local authority announced that ten such houses would…

SeedBlink, a Romanian company founded in early 2020, which created a co-investment platform for technology startups, has been included in a global top 250 fintech companies list by CNBC and Statista. The company is in the “Alternative Finance” category, along with Kickstarter, Fundbox, Crowdcube, Oak North, Patreon, PeerBerry, Republic, and SunFinance. According to the CNBC…

More than 600 Mensa members from around the world will arrive in the Romanian capital to participate in EMAG24, the most important European event in the Mensa calendar, held between July 31 and August 4 in Bucharest. This edition’s theme is Forum of Cultures. European Mensas’ Annual Gathering, or EMAG, is an annual conference that…

Romania’s president Klaus Iohannis travels to Paris this week to attend the opening ceremony of the 2024 Olympic Games on Friday, July 26. According to the agenda made public by the Romanian Presidency, Iohannis will also participate in the reception offered by the French leader Emmanuel Macron. The day before, July 26, Klaus Iohannis will…

Hospice Casa Speranței and Saatchi Creative Hub created a special outdoor installation featuring a hospital bed with 550 teddy bears to bring attention to the lack of hospital beds for children with incurable diseases. There are over 22,000 children with incurable diseases in Romania, but only 40 hospital beds are available for them, Hospice Casa…