Category: Uncategorized

Romania’s state-controlled Oil Terminal (BVB: OIL), managed by the Ministry of Energy, reported a net profit of RON 45.26 mln (EUR 9.05 mln), a 91% increase year-on-year, for the first nine months of 2024, according to revised financial results published on the Bucharest Stock Exchange.  Total revenues rose by 35% y/y to RON 354 mln…

The season of Christmas markets and fairs kicks off this week in Sibiu, Craiova, and in Bucharest, while an exhibition on Caravaggio’s influence opens in Timișoara. In Bucharest: Christmas Story Fair November 15 – December 29 This is the ninth edition of the event held at Bucharest’s Children Opera and the program covers 112 performances,…

Electrical cable manufacturer ELECTROPLAST is carrying out an investment project estimated at over EUR 9 million for modernizing the production unit and expanding its facilities. This investment project will triple production capacity and lead to reduced electricity consumption and carbon footprint. ELECTROPLAST is participating in the modernization of Romania’s railway infrastructure. The company recently contracted…

The rising labor costs, the recruitment process, and the retention of experienced employees are the main challenges for business services companies active in the country, according to the 2024 report of the Association of Business Service Leaders in Romania (ABSL). According to ABSL data, all companies reported salary increases this year, and the estimated growth…

Following an investment of EUR 2.5 million in the renovation and refurbishment of a historic building in the Rosetti Square area in downtown Bucharest, the InStil Hotels group, owned by the Alecu family, is diversifying its portfolio with a new 4-star boutique hotel property. Named Ecletico Villa, the property offers 18 rooms. The new boutique…

A natural Christmas tree was recently installed in Sfatului Square in downtown Brașov, one of the popular mountain resorts in the country, and the City Hall says it is the tallest in Romania.  The tree reaches an impressive height of 29 meters, with 26 meters visible above ground, making it one of the tallest ever…

The sixth edition of the Classix Festival takes place in Iași between February 23 and March 2, 2025. According to the organizers, the event’s new concept, Revelations!/Revelații!, “outlines moments of profound clarity, unexpected inspirations, and mind-blowing discoveries.” “After previous editions focused on the discovery of desires (2024), metamorphoses (2023), and the primal instinct of music…

MerchantPro, local SaaS eCommerce platform, analyzed the performance during the week leading up to Black Friday 2024, confirming the establishment of Black Week as an extended shopping event that captures consumer interest over seven days. Data collected from a sample of approximately 1,000 local online stores shows a 5% increase in the number of orders…

More than eight out of ten Romanian respondents to the annual Climate Survey commissioned by the European Investment Bank (EIB) recognize the need to adapt their lifestyle due to the effects of climate change. Among the challenges facing Romania, respondents ranked climate change second only to the increased cost of living. The EIB released its…

European Digital Commerce (EDC), the event organized by VTEX and Amazon Web Services, on 18 November, at Nord Events, brings an exclusive B2B study that provides relevant data on the trends and challenges facing retailers in the digital age. In a permanently changing landscape, VTEX’s study with MKOR shows that 65% of retailers have chosen…