Category: Uncategorized

Large infrastructure investments, significant salary growth above inflation, a stable external economic context, and central banks’ victory in combating inflation are helping the Romanian real estate market maintain a favorable outlook, according to Colliers Romania experts in their market report for the first half of the year. 2024 saw real estate transactions in Romania totaling…

BrightCap Ventures, a Sofia-based VC, has completed the first close of its new fund targeting  €60m. The new capital will be invested in founders from Rising Southeastern Europe – a region home to outstanding tech talent and an increasing number of global success stories in recent years. Founded by a diverse team, combining entrepreneurial, big…

OVES Enterprise, a Romanian software development and drone manufacturing company, announced that it is acquiring a minority stake in MXT Creation and entering a new field of activity: the production of printed electronic boards.  The move involved an investment of over EUR 300,000 in prototyping and testing equipment and software licenses over the past two…

VTEX (NYSE: VTEX), the composable and complete commerce platform for enterprise B2C and B2B brands, highlights the crucial role of the B2B marketplace model as a survival strategy for businesses seeking to expand and thrive in today’s competitive landscape. The B2B marketplace has already transformed consumer behavior, setting a new standard. The rewards for these…

To address the spike in electricity prices on the balancing market, Romania’s Government drafted a set of measures to be considered for implementation, including the legislation for a mechanism for temporarily (three to six months) capping the prices on this specific market, Ziarul Financiar reported.  The measures were drafted after consultations with the market regulator…

“We don’t expect any economic crisis, we don’t expect outstanding tax rate hikes,” president Klaus Iohannis said at a press conference on July 10.  At the same time, finance minister Marcel Bolos, speaking for Ziarul Financiar, confirmed that no VAT hike is envisaged and “progressive taxation is out of the question.” President Iohannis, in an…

Romania’s Constitutional Court on July 11 cleared a bill capping the interest rates, overall cost, and maximum reimbursed sum for consumer loans extended by non-bank financial institutions (IFNs), according to the Association of Financial Services Consumers AURSF. According to AURSF, after the law is promulgated, no Romanian will be asked to pay an IFN more…

The defense ministers of Romania, Bulgaria and Greece on July 11 signed a letter of intent in Washington for the creation of a military mobility corridor between the three countries, according to a press release from the ministry.  The event had been announced by the Greek press, which wrote that this corridor would reduce the…

The presidents of Romania and Ukraine signed a security cooperation agreement on July 11, on the sidelines of the NATO summit in Washington, Romania’s Presidential Administration announced. Although the text of the document elaborates on the measures aimed at addressing the Russian invasion (“any future invasion of Russia,” more specifically), including measures aimed at “raising…

Romanian Anca Șelariu and three other American volunteers lived for a year in a capsule simulating conditions on Mars, helping NASA understand what is needed for an expedition to the planet.  Șelariu was part of the CHAPEA (Crew Health and Performance Exploration Analog) simulated mission. “Kelly Haston, commander, Ross Brockwell, flight engineer, Nathan Jones, medical…