Category: Uncategorized

Vectr Holdings, through its subsidiary Vectr Realty, acquired 100% shares of the company that owns The Landmark office building in Bucharest, as part of its growth plans in Romania. The property was bought from funds managed by Revetas Capital and affiliates of Cerberus Capital Management. The transaction could amount to EUR 70-80 million, according to…

Floria, a reference brand in the Romanian floral market, resumes its offline expansion by opening its sixth flower shop under a franchise system. Following the flower shops in Promenada Mall, Băneasa Shopping Center, Plaza Romania, AFI Cotroceni, and Ion Câmpineanu, the flower shop in Sun Plaza, achieved through an investment of over 60,000 Euros, consolidates…

Romanian president Klaus Iohannis said that, regarding the withdrawal of his candidacy for the NATO leadership, he ultimately decided that the fate of NATO is much more important than his political fate.  Before a final conclusion was reached, he decided to withdraw from the race to allow the appointment of a NATO Secretary General. “There…

Swisspod, a Swiss-American company founded in 2019 by Romanian Denis Tudor and Cyril Dénéréaz, said it successfully closed its pre-Series A funding round, advancing plans to build the world’s largest hyperloop testing facility in the US. The capital raised will drive the development of a revolutionary high-speed transportation system set to redefine the future of…

The SOS Romania party, formed around far-right politician Diana Șoșoacă, was not accepted into the new European Parliament group ‘Europe of Sovereign Nations,’ despite ideological similarities. The formation of the new group was announced on Tuesday, July 9, by the leader of the ultra-nationalist and xenophobic Czech SPD party, Tomio Okamura. It includes the far-right…

PepsiCo, a global leader in the food and beverage industry, inaugurated an automated warehouse at its snacks factory in Popești-Leordeni, Romania, this week. The new addition marks the completion of a strategic investment project valued at over USD 100 million. The investment, first announced in 2022, included the addition of three new production lines at…

Film screenings in Timișoara mark the celebration of France’s National Day this weekend, while jazz fans gather in Gărâna, in southwestern Romania, for one of the top open-air jazz festival in Eastern and Central Europe. In Bucharest: Summer films @ Elvire Popesco Until July 14 Elvire Popesco Cinema at the French Institute presents a selection…

Romania’s annual inflation rate weakened further in June, to 4.9%, from 5.1% the month before, according to the official report released by the statistics institute INS on Thursday, July 11. The figure marks the fifth consecutive decrease of this indicator. The inflation rate since the beginning of the year (June 2024 compared to December 2023)…

Romanian lawmakers are set to meet in a special session to find a solution for the bears that come too close to villages or threaten people’s lives. The Parliament was summoned after a 19-year-old tourist was killed by a bear on the Jepii Mici trail in the Bucegi Mountains. The violent incident sparked heated debates…

Over half of Romania will be under a Code Red for extreme heat this weekend, July 13-14, with temperatures forecasted to climb to 41 degrees Celsius. Highs of up to 40 degrees Celsius are also expected in some areas placed under Code Orange. The National Meteorological Administration (ANM) issued a Red Code warning for extreme heat…