Category: Uncategorized

The Nopcsa castle in Săcel, in Hunedoara country, was officially inaugurated after refurbishment works worth RON 11.5 million (EUR 2.3 million). The castle, a historical monument in the patrimony of Hunedoara Country Council, was built in the early 19th century. It belonged to Baron Franz Nopcsa, whose name is linked to the discovery of dinosaur…

Polish airline LOT launched on June 3 a direct flight between the city of Oradea, in western Romania, and Warsaw. This gives the Romanians in this part of the country access to many destinations served by LOT from the Polish capital city, providing new international travel opportunities across Europe, Asia, and North America. LOT will operate…

“We are able and willing to support the President of Romania for the position of Secretary General of NATO,” Hungarian Prime Minister Viktor Orban said on June 3 while campaigning for the Hungarian Party UDMR in Salonta, in Bihor county. Orban explained that his position on the war in Ukraine diverging from that of Romanian…

Agrovoltaics, a Restart Energy Group company, announced it signed a connection contract with the grid operator Transelectrica worth RON 56mn (EUR 1.1mn) as an important step in the development of a photovoltaic park with an installed capacity of 500 MW to be located in Șimand, in Arad county. The Restart Energy management expects construction to…

Eight out of the ten largest IT companies in Romania have curtailed their workforce in 2023, according to data compiled by Ziarul Financiar. The ten companies shed their combined workforce by some 2,000 after they had employed 2,600 more in 2022 (compared to 2021). The workforce dynamics are correlated with wages, and both of them…

The main BET index of the Bucharest Stock Exchange (BVB), which reflects the evolution of the 20 most traded shares, such as Hidroelectrica, Petrom, Banca Transilvania, and Romgaz, rose by 2.7% in May, according to the data compiled by Ziarul Financiar.  It was the best performance for the fifth month of the year since 2020,…

Romania’s seasonally-adjusted PMI index compiled by BCR bank within the S&P Global methodology, edged up to 52 points in May from 51.5 points in April.  It has thus remained for the second month in a row above the 50-point neutral benchmark, showing clear signs of recovery in the Romanian manufacturing sector after three months of…

AROBS Transilvania Software (BVB: AROBS), the largest technology company listed on the Bucharest Stock Exchange, announces the publication of the prospectus regarding the share capital increase. The group will offer a maximum of 174,258,721 new shares to investors aiming to raise up to EUR 32.5 million. The operation starts on June 3, 2024. “At AROBS,…

Superbet Group is among the three companies selected internationally by HackerOne to participate in this year’s edition of the Ambassador World Cup – the world’s most prestigious live-hacking competition. HackerOne is an American company specializing in cyberattack resilience management. Their operational model combines the security expertise of ethical hackers with the continuous discovery and assessment…

Azerbaijan Airlines inaugurated the Bucharest-Baku route on Monday, June 3. Present at the launching ceremony, economy and tourism minister Ştefan-Radu Oprea said the new air link will boost the economic, diplomatic, and cultural relations between the two countries. The new route will be operated twice a week, on Mondays and Thursdays. A one-way trip takes…