Category: Uncategorized

German automotive parts supplier Anton Häring is set to build a factory in Romania’s northern Suceva County. The factory will be located in the Siret Industrial Park and is one of the largest investments attracted to the Moldova region in recent years. Anton Häring has been active in its sector for around 60 years and has…

The 10th-anniversary edition of the Sibiu International Street Art Festival (SISAF) ended recently, adding 3 new large-scale murals and 7 art installations to the city’s Street Art Tour. The open-air gallery now totals 120 murals and 13,800 square meters of color. This year’s edition featured 3 impressive murals totaling 600 sqm.  The half-French, half-Maltese artist…

Baby, the first dolphin calf born in captivity in Constanța, Romania, died on Monday, July 22, as reported by the city’s dolphinarium in a Facebook post.  The calf, born four months ago, died suddenly due to “acute damage to vital organs (primarily the lungs and liver),” explained representatives of the dolphinarium. The condition most likely…

Horia Colibăşanu, one of Romania’s most famous high-altitude climbers, has decided to give up the ascent of Gasherbrum II (8,035 meters) due to extreme cold and “a moderate, but not negligible, risk of avalanches.” This would have been his eleventh eight-thousander, part of his plan to summit all of the world’s 14 highest peaks. He announced…

Romania is better positioned than last year to complete its full accession to the Schengen area, according to Romanian interior minister Cătălin Predoiu.  Following his participation in the informal JAI Council in Budapest, Predoiu expressed optimism about Romania’s chances of achieving full Schengen membership, including land borders.  “We are better positioned than last year because…

The Romanian Competition Council (Consiliul Concurenţei) conducted an unannounced inspection at the headquarters of Sun Wave Pharma, a company active in the dietary supplements distribution market.  The authority suspects that Sun Wave Pharma exerted pressure on the manufacturer Geltec to stop supplying dietary supplements to Bleu Pharma, its national competitor.  This inspection is part of…

Romanian insurance companies have seen a significant rise in compensation payouts for travel insurance policies in the past year. According to a press release from UNSAR (National Union of Insurance and Reinsurance Companies from Romania), member companies paid nearly RON 50 million (EUR 10 mln) in claims for travel insurance in 2023. This marks an…

German automotive wiring manufacturer Leoni has announced plans to reduce the workforce at its factory in Bistriţa, central Romania, two months after it closed a smaller production unit in the country.  Leoni will cut its workforce by 10%, impacting approximately 360 employees out of its 3,600-strong team.  This decision is driven by a significant drop…

The Romanian Investor Relations Association (ARIR) has announced a new methodology for evaluating the communication practices of bond issuers on the Bucharest Stock Exchange (BVB). This new VEKTOR by ARIR Bonds indicator, set to launch in 2025, aims to enhance transparency and meet the growing information demands of both local and international investors.  The new…

Global Vision, a prominent player in the Romanian real estate market, plans to launch its own real estate investment platform aimed at financing acquisitions and developments of innovative and sustainable projects in high-potential markets in Romania and beyond. This platform will be open to other investors looking for opportunities in the real estate sector.  Global Vision…