Category: Uncategorized

A new online tool allows the location of Romanian passenger trains, Profit.ro reported. On the Bilete.infofer.ro platform, under the heading “My train/Trenul meu,” one can track the position of trains in circulation in Romania in real time. The joints are indicated on a map that also includes data on possible delays to the original schedule. According to…

La French Tech Bucharest announces the third edition of its highly-anticipated flagship event, Inspiring Women in Business, set to take place on November 21st, 2024, at the Romanian – American University (Expoziției Boulevard, Number 1B, Bucharest), starting at 18:30. This prestigious event will spotlight influential women who are leading businesses through transformative times, showcasing their achievements,…

Eltra Logis, one of the main players in the niche logistics, transport, and storage market, is strengthening its position in the pharmaceutical industry, which now generates 40% of the company’s turnover. This consideration comes based on the significant consumption of medicines in Romania and the development of local production capacities in the pharmaceutical sector. The…

EVERGENT Investments, an investment company listed under the ticker EVER, reports a net result of RON 273.81 million, 2.8 times higher than the budgeted level for the entire year of 2024. The net result is the company’s main financial performance indicator, comprised of RON 144.02 million in net profit and RON 129.79 million in net…

One United Properties (BVB: ONE), the leading green investor and developer of residential, mixed-use, and office real estate in Romania, announces a financing facility for the development of One Technology District, the largest semiconductor chip R&D centre in Southeastern Europe currently being developed for Infineon Technologies. The purpose of the credit facility is to finance the construction of…

Two other companies of the Romanian real estate development group Nordis declared insolvency at the request of their owners on November 18, amid a scandal involving the whole group that allegedly sold multiple times its apartments in a fraudulent scheme with a political side given the group owners’ alleged ties with the Social Democratic Party…

Transfond, which operates the interbank payments automated clearing house, and the Romanian Association of Banks have officially launched the domestic payment system RoPay, which allows transfers from account to account without the intermediation of card operators such as Visa or Mastercard. “RoPay differentiates itself from other payment solutions through speed, lower costs, and 24/7 availability,”…

The real estate developer Nusco Imobiliara, which is developing a major real estate project in the northern part of Bucharest in the Pipera neighborhood, estimated to eventually involve nearly EUR 1 billion investments, announced plans to issue bonds in the amount of EUR 5 mln to be further listed at the Bucharest Stock Exchange. The…

Presidential candidate Ludovic Orban, now the head of a center-right political vehicle but once the leader of the Liberal Party (PNL), announced he was stepping down in favor of reformist leader Elena Lasconi (USR) in a move aimed at triggering a consolidation of the center-right forces under a single candidate, several days before the first…

The Romanian national postal company Posta Romana will close all its post offices “in the coming years” and rent them out, announced the company’s general manager, Valentin Ștefan, quoted by Economica.net.  The only reason for not closing the offices overnight is the social protection of the employees, he explained. “We’re going to shut them down,…