Category: Uncategorized

Real estate developer Speedwell has started the construction of the third and last building of the Triama Residence project in Bucharest. The budget allocated to the development amounts to EUR 9 million. The last phase of the project will be delivered in 2026 and some 56% of the apartments were sold already, the developer said.…

Courier services company Cargus has relocated its warehouse in Târgu Mureș to an expanded facility in Mureș county. The move is part of the company’s strategy to improve and expand its operational capabilities to meet increasing volumes. The new location has double the previous area and a higher sorting capacity, the company said. The new…

Rural entrepreneurs lost the long-awaited financing line DR-29, with a budget of EUR 150mn for non-agricultural businesses in the countryside after it was scrapped by the authorities. The money was moved to the agricultural projects, the Ministry of Agriculture said in an official response to StartupCafe‘s inquiry on October 14.  Traditionally, the Ministry of Agriculture…

Romania’s prime minister Marcel Ciolacu announced that the Government reached an agreement with the European Commission under the Excessive Deficit Procedure (EDP) for a prolonged seven-year fiscal consolidation calendar.  However, he didn’t provide any details, building suspense among investors and the general public amid broad expectations for tax rate hikes as soon as next year.…

The Government of Romania has decided that the minimum gross statutory wage will increase to RON 4,050 (over EUR 800) from 2025. It is a 9.5% increase from the current RON 3,700. “In the tripartite national committee [e.n. that includes trade unions and employers associations besides the Government], we established that, from January 1, 2025,…

ROCA Industry, the industrial holding specialized in the production of construction materials, announced the full acquisition of Workshop Doors by purchasing an additional 30% stake in the company’s share capital.  The largest player was already in the holding’s portfolio. The company entered the ROCA Industry’s portfolio in February 2024 with the acquisition of an initial 70% stake.…

Romanian non-profit Help Autism, which works with children and youth with autism spectrum disorder (ASD), has launched a social franchise aimed at increasing the number of therapy centers for people with autism. The franchise model, a first for the country, is meant to expand the NGO’s impact by replicating its social concept using the structure…

The organizers of the Sibiu Christmas Market, one of the most famous such events in the country, recently unveiled the dates for this year’s edition. The 17th edition of the Sibiu Christmas Market will run from November 15, 2024, to January 5, 2025, lasting longer than previous years, according to local news outlet OraDeSibiu. Known…

Bucharest mayor Nicușor Dan announced that the land records for Unirii Square have been rectified, confirming that the Bucharest City Hall is the rightful owner and administrator of the entire above-ground area, settling the dispute between City Hall and District 4. On Monday, October 14, a conflict over construction permits and ownership rights over the…

Medicover Romania, the local subsidiary of the Swedish medical services provider, is looking to acquire the Romanian companies of Synlab International GmbH, active in laboratory diagnostic services. The Competition Council is currently analyzing the transaction. Synlab International GmbH owns locally the companies Synlab West, Synlab Laboratories, Zostalab, Medsense Servicii Medicale, and two individual medical practices,…