Category: Uncategorized

The investment fund SARMIS Capital took over the majority stake in the sanitary paper manufacturer MG-Tec Industry, located in central Romania at Dej, according to Ziarul Financiar. The transaction is one of the most important in this industry, considering the size of the investment made from scratch. The terms of the deal were not disclosed,…

Romanian largest chemical group, Chimcomplex, in a note to investors on October 8, confirmed the existence of preliminary discussions related to taking over the fertilizers maker Azomures (currently owned by Swiss Ameropa) as part of the group’s desire to consolidate the chemical industry in Romania. Azomures is the largest fertilizer producer and the largest natural…

On October 8, the Bucharest Court admitted the insolvency request of one of the creditors of the real estate developer Nordis Management, a real estate group that is developing luxury projects in first-class resorts such as Mamaia on the Black Sea coast, Sinaia in Prahova Valley, or the popular ski resort Poiana Brasov.  The projects…

Renowned American singer Justin Timberlake will headline the 2025 edition of the Electric Castle festival, marking his first-ever performance in Romania. He will take the stage at Bánffy Castle, close to Cluj-Napoca, with a mix of timeless hits and tracks from his latest album Everything I Thought It Was, the organizers said. “Timberlake’s performance will…

As Halloween approaches, Voxa, the market leader in audiobooks and ebooks, announced the launch of Audioboo!, the first digital festival in Romania of short audio stories dedicated exclusively to thriller and horror genres. Until October 18, local writers are invited to create captivating stories specially designed to keep listeners intrigued. Voxa says the contest “is…

A new group of 69 vulnerable individuals, consisting of Romanian citizens and family members, mostly women, children, medical cases, and people in high-risk areas, was assisted on Monday, October 7, for repatriation from Lebanon. The group is the second after 69 Romanians were brought to the country earlier this month. They were assisted by two…

Bucharest and Cluj-Napoca are at an early stage in developing smart urban mobility solutions, according to the PwC “Smart Cities Mobility” Index for Central and Eastern Europe. As a result, the two cities are at the lower end in a ranking based on an index measuring urban mobility. The index evaluates factors such as traffic…

The European Court of Human Rights (ECHR) found no issue with the trial process in Romania that saw former MEP Adrian Severin condemned to 4 years in jail for influence-peddling. In 2011 the British weekly newspaper The Sunday Times published an article suggesting acts of corruption at the European Parliament, targeting several MEPs, Severin included.…

JTI, one of the world’s largest manufacturers of tobacco and vaping products, established a technological hub in Romania, with about 140 employees currently and considering further expansion. The new center provides business technology solutions, data and analytics, software engineering, cyber security, and infrastructure & operations. The experts in Bucharest provide information technology support for all…

American basketball player Marie Tyra Whitehead, aged 26, was found dead in the apartment where she lived, according to an announcement by Romanian basketball club CSM Târgoviște. Authorities stated that initial examinations revealed marks consistent with hanging on the athlete’s body, but the police are continuing their investigation to determine the exact circumstances of her…