Category: Uncategorized

Tazz, one of the most important delivery platforms in Romania, part of the eMAG group, announced the signing of an agreement regarding the acquisition of its social parts by Wolt, a Helsinki-based technology company with operations in 28 countries. With a team of over 12,000 people, Wolt is owned by DoorDash in the United States…

YouTube star MrBeast spent seven days in Turda Salt Mine (Salina Turda), one of the most spectacular tourist destinations revealing Romania’s underground wonders, and shared the adventure in a 20-minute video that gathered more than 43 million views on YouTube in over a day.  MrBeast is a 26-year-old vlogger with over 320 million subscribers on…

A 76-year-old runner from Finland went into cardiorespiratory arrest and later died during the Bucharest Marathon held on Sunday, October 13.  Medical teams from the Bucharest-Ilfov Ambulance Service and the Red Cross, which provided emergency medical assistance, tried to save the runner’s life by performing resuscitation. Unsuccessful, they decided to transfer the patient to the…

Romania’s statistics office INS revised Q2 GDP upwards by 3% to RON 421 bln (EUR 84.6 bln) under the second preliminary estimate. It improved only marginally the annual growth rate for the quarter, from 0.8% y/y to 0.9% y/y. Consequently, the growth rate for the entire H1 was maintained at 0.7% (+1.4% y/y if adjusted…

Romania’s exports contracted by 7.5% y/y to EUR 6.55 bln in August, while imports dropped by 3.0% y/y to EUR 9.43 bln amid a combination of subdued economic activity across Europe and still strong domestic demand at home, according to data published by the statistics office INS. The trade deficit consequently widened by 9% y/y…

The net average wage in Romania edged down in August compared to July, but the 13.8% y/y nominal advance (+14.8% y/y in July) resulted in a still substantial 8.3% y/y real increase as the inflation kept easing, according to data published by the statistics office INS. In absolute terms, the net average wage reached RON…

Janna Damigeana is a household name in the vibrant Romanian city of Cluj-Napoca by now. She left the United States and moved to the city right before the pandemic with her Romanian spouse. During lockdown, she started vlogging her life and journey to learning Romanian, and quickly amassed a large following. Her natural and funny…

The gross minimum statutory wage would increase in Romania from RON 3,700 now to around RON 4,100 in 2025 as a result of the law on the European minimum wage, already endorsed by the Senate and sent to the Chamber of Deputies for the final vote, according to Startupcafe.ro. According to the draft bill discussed…

The senior ruling Social Democratic Party (PSD) drafted and submitted to the Parliament a bill that stipulates the limitation of the front payment made by a buyer for the purchase of real estate built by developers to 10% of the property’s price.  The bill also stipulates that the front payment is paid in a special…

The Ministry of Energy drafted an emergency ordinance in Romania to allow the ministries acting as minority shareholders in strategic companies to exert their pre-emptive rights when the majority shareholder seeks to sell its shares, Economica.net reported.  The bill was reportedly drafted to give the ministry the right to block the potential sale of the…