Category: Uncategorized

Romania has received six formal approvals in its process of joining the Organization for Economic Co-operation and Development, or OECD, out of the 26 required, with one approval still pending in the health sector, state secretary Luca Niculescu said, as spokesman of the Romanian Government. Niculescu emphasized that Romania’s most significant objective, after joining NATO…

Taco Bell, the youngest brand in the portfolio of Romanian restaurant operator Sphera Franchise Group (BVB: SFG), has reached a network of 15 restaurants in key cities in Romania in the seven years since its launch in the local market. Costică Mișaca, General Manager of Taco Bell Romania, sees further potential for expansion as Romanians…

Ikea Romania reported a 12% increase in total sales for the fiscal year 2024 (September 1, 2023 to August 31, 2024) and a 5% rise in online commerce compared to the previous year. Its total sales for the fiscal year 2024 amounted to RON 1.4 billion (some EUR 280 million), up from RON 1.25 billion…

Romanian hydropower group Hidroelectrica (BVB: H2O) recently held its first investors meeting after listing on the Bucharest Stock Exchange. The energy producer aims to spend RON 1.4 billion (EUR 281 million) over the next 4 years in upgrades, modernizations, and acquisitions. Of the 8,500 MWh produced in Romania this summer, half were generated by Hidroelectrica,…

Private healthcare provider Regina Maria has opened the Pallady Medical Campus on the premises of the former paint factory Policolor, in Bucharest’s District 3. The company invested more than EUR 16 million to build and equip the campus, which spreads on an area of ​​more than 5,000 sqm and five levels. It will serve both…

Romania is set to acquire 44 AAV-7 amphibious assault vehicles from the United States after the preliminary approval decision to initiate the procurement procedure was sent from Parliament to the Ministry of Defense. The ministry had requested Parliament’s prior approval, according to legal procedures, to begin the procurement process for the amphibious assault vehicles. The…

The NATO Security Assistance and Training for Ukraine (NSATU) mission, charged with providing support to Ukraine against Russia, will have around 700 staff headquartered in bases in Germany, Poland and Romania, according to the new secretary general of the organization, Mark Rutte. NSATU is set to take over the coordination of military aid from the…

DN AGRAR Group (BVB: DN), the largest integrated livestock farm in Romania, and BSOG Energy, an energy company focused on developing biomethane production plants across Romania, announced a cooperation agreement for a biomethane production facility in Romania, with a total capacity of up to 15 MW. The overall investment in the facility is estimated to…

The president of the junior ruling Liberal Party, Nicolae Ciucă, urged prime minister Marcel Ciolacu “to urgently explain what he will do so that Romania does not lose the approximately EUR 1.1bn from the Resilience Facility” suspended by the European Commission for six milestones not met by the country. Ciucă thus validates the EUR 1.1bn…

Ford Otosan announced on October 15 that it will open in November waiting lists for Romania customers interested in buying the new fully electric model E-Tourneo Courier, produced in the factory in Craiova. The first vehicle deliveries are expected in the first quarter of 2025. The E-Tourneo Courier Trend (passenger version), with a 100 kW…