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It’s a busy weekend for book lovers and publishing industry professionals as Bookfest brings numerous meetings with authors and associated events, while art fans can visit the MoBU fair taking place also at Romexpo, in Bucharest. Meanwhile, various events for children mark the June 1st celebration. In Bucharest: Bookfest May 29 – June 2 Book…

Romania registers the highest share of ‘early school leavers’ (young people aged 18-24 leaving early from education and training) among the EU member states, at 16.6% compared to a European average of 9.5%. At the EU level, the share of young people who decided to leave education and vocational training early has decreased constantly in…

The delisting of a Romanian product with a lower price than the one subsequently imported by the retailer would result in a fine in the amount of  5% of the retailer’s turnover, according to a draft bill being sketched in the Ministry of Agriculture, minister Florin Barbu announced at a discussion with the lawmakers.  He…

The revised financial projection for 2024, including a 14.2% downward revision of the net profit notified by the management of Hidroelectrica (BVB: H2O) to shareholders, sent the company’s shares down by 2.55%.  The revision was prompted by a change in the electricity price outlook, only partly compensated by the higher production forecast.  Total operating revenues…

Dutch Damen Shipyards, which owns 49% of Damen Shipyards Mangalia and the company’s management at the Black Sea coast, filed a bankruptcy request for the latter, according to the public court website consulted by Cursdeguvernare.ro. Minister of economy Stefan Radu Oprea, quoted by Profit.ro, said the request is for insolvency and “is not so bad news”…

Raiffeisen Bank Romania announced it will open a technology hub operated by its Raiffeisen Tech subsidiary in July. By the end of this year, Raiffeisen Tech will create 100 jobs, and next year, their number will reach almost 200. “We launched Raiffeisen Tech with the vision of becoming the main partner for technology solutions of…

The shares of Romania-born NYSE-traded major robotic process automation (RPA) company UiPath (NYSE: PATH) tumbled by some 30% in after-hours trading after the company’s CEO Rob Enslin resigned and his seat was taken over by Daniel Dines – founder and former CEO.  At USD 18 at the end of the trading day, PATH was already far from the…

Medlife (BVB: M), the largest medical operator in the private health market by turnover, seeks to expand regionally and already has teams to prospect several cities such as Sofia, Belgrade, and Chisinau after it has already opened a clinic in Hungary, Mihai Marcu, founder and CEO of the company announced, quoted by Ziarul Financiar. “We…

Rompetrol Rafinare, member company of the KMG International Group (Rompetrol), introduced two modern reactors into the operational flow of the Petromidia refinery, part of the Middle Distillate Hydrotreating (HDV) unit, which will reach optimal operational parameters in the shortest time possible.   The investment of about USD 16 million, implemented as part of the recently…

Limitless Agency, one of Romania’s largest digital marketing agencies, generated record sales of EUR 445 million for the online stores in its portfolio. Thus, the company managed to cover over 6% of the total value of the local e-commerce market, estimated at EUR 7 billion in 2023, not including services, utility bill payments, digital content…