Category: Uncategorized

The analysts of brokerage house Prime Transaction estimate an intrinsic value of RON 46.3 for the shares of Romanian power grid operator Transelectrica (BVB: TEL), which is just below the July 9 mid-trading market price of RON 47.4, according to Bursa.ro. The company’s shares dropped marginally to RON 47.95 at the end of July 9,…

One of the largest fast food restaurants in the world, Wendy’s, is set to enter the markets of Romania and Ireland after the signing of agreements with franchisees in the two countries. The company, which, through its franchisees, employs hundreds of thousands of people in more than 7,000 restaurants worldwide, plans to open restaurants in…

Romania’s energy company Hidroelectrica announced the signing of the EUR 188 million (VAT excluded) contract for refurbishment works of the Vidraru hydropower plant with the association formed by Electromontaj (association leader) and Croatia’s Koncar-Engineering for production and services, with Butan Grup as subcontractor, following the completion of the award procedure by public tender.  The work…

Shares of Romania-born NYSE-listed RPA major UiPath (NYSE: PATH) dropped by some 7%, returning close to the all-time low, after the company’s CEO Daniel Dines announced a 10% personnel reduction in an attempt to “continue increasing operational efficiency through streamlining and a better prioritization of investments,” according to Ziarul Financiar quoting the Romanian executive. The…

Hungarian state-controlled energy company MOL reportedly discussed with the Russian company Lukoil the option of purchasing some of the latter’s assets in Romania, including the participation in an offshore project in the Black Sea (Trident perimeter) and the oil refinery Petrotel located near Ploiesti, sources familiar with the negotiations told Economedia.ro and G4media.ro.  However, the…

The informal strike initiated by the pilots of Romanian flag carrier Tarom on July 8 ended one day later after the company’s management agreed to increase the wages, trade union leader Narcis Pasca told G4media.ro.  The company announced that the flights returned to normal on July 9 after dozens of them were canceled the day…

Romania’s coast has been featured as a summer holiday destination in the major British daily newspaper The Telegraph thanks to its “beautiful beaches” and cheap food, beer, and accommodation. The article follows the journey of the author, travel writer Heidi Fuller-Love, to Romania in early June. “Romania has 152 miles of coastline – and I’d…

Game developers from Romania, young individuals who have developed games as part of projects, competitions, or independently, and agencies will come together at the Romanian Game Awards on November 13 at the Odeon Theatre in Bucharest. The gaming industry in Romania comprises over 200 development studios, most of which are concentrated in Bucharest and Cluj,…

Romania ranks last in innovation in Europe, according to a ranking released on Monday by the European Commission. However, the Union’s performance in innovation has improved over the same period.  Denmark, Sweden, and Finland are at the top of the EU, while Romania, Bulgaria, and Slovakia are the lowest-ranked. However, Bulgaria and Romania have slightly…

Romania’s National Company for Road Infrastructure Administration, CNAIR, announced that it has made available an interactive map of alternative routes to DN7, Olt Valley, which is closed for a month. The DN7 road, one of the main trans-Carpathian routes for freight transport, is closed during the day, between 6 AM and 9 PM, from July…