Category: Uncategorized

Marius Costin took over as CEO of payment services provider Netopia Group starting March 14, while Niculae Vasile has been appointed the group’s CTO, the company announced. Co-founder Felix Crisan had previously held both roles. Marius Costin, who was previously the CEO of PayU Romania and the CEE CEO of Mokka, will work “to strengthen…

Slovak-Czech angel investment syndicate Gluon Syndicate recently announced its second investment, committing EUR 100,000 to innovative Romanian startup Assista AI.  The startup, incorporated in the United States by Romanians Paul Burca and Anton Zaharia in 2023, aims to revolutionize task automation. Unlike single-purpose AI tools, Assista AI connects to over 100 productivity applications, allowing users…

Retailer Pepco Romania has appointed Raul Ciungu Iordate as Head of Operations. With over 16 years of experience in the retail industry, he has held leadership positions in operations management, human resources, compliance, and project management. Raul Ciungu takes over the role from Bogdan Grigoriu, who was recently promoted to Regional Operations Director for Pepco…

The Romanian Diaspora Funding Network (RDFN), a philanthropic network comprising diaspora groups from Europe and the U.S, has launched a fundraising initiative aimed at supporting three civic organizations working to promote a transparent and accountable electoral process in Romania’s upcoming presidential elections. The three organizations are Funky Citizens, Rădăuțiul Civic, and Declic. The three will…

Romania remains a fantastic investment destination and the balance of foreign direct investment reflects this, Alexandru Nazare, the president of Paneuropean Union Romania, argued. Nazare, who is also a member of the Board of Directors of the National Bank of Romania (BNR), served as the finance minister in the government of Florin Cîțu. “Romania remains…

BYD, a major carmaker of electric vehicles and a challenger to the US-based Tesla, is preparing to enter Romania and has already recruited a Romanian, Andrei Duică, to lead operations. The company headquartered in Shenzhen, Guangdong province, will have a representative office in Romania starting in April 2025, with 20 car dealerships and 7 electric and…

The Venice Commission, in the plenary session from March 13 to 15, has formally adopted its final report on the annulment of Romania’s presidential elections, concluding that such a decision should only be taken in “extraordinary situations” in compliance with several principles and should preserve the electorate’s right to free elections. The report was prompted…

The Romanian Presidential Administration, currently under interim president Ilie Bolojan, has declassified and made public the costs incurred for the flights taken by former president Klaus Iohannis from January 2015 to February 2025, the time he was in office. Iohannis undertook a total of 193 official trips during his mandate, amounting to approximately 450 flights,…

Agroland Business System, which operates the largest network of agricultural stores in Romania, listed on the Bucharest Stock Exchange its second issue of registered, dematerialized, unsecured, and non-convertible bonds, with a total value of RON 6.92 million (EUR 1.4 million). The bonds carry a nominal fixed coupon of 9.75% / year, payable semi-annually, with the…

The substance of the revision, by emergency ordinance OUG 21/2024, of the merger of local and European elections in Romania in 2024 does not go against international standards, the Venice Commission concludes in a report published on March 18, while admitting that the procedure was still problematic in some aspects. Romania’s Government decided last spring,…