Category: Uncategorized

Investments in Romanian startups exceeded EUR 100 million for the fourth consecutive year, reaching a new high of EUR 130.7 million, according to the “Venture in Eastern Europe 2024” report conducted by How to Web and Croatian unicorn Infobip. The analysis provides a detailed overview of the Eastern European investment ecosystem in 2024, offering important…

The fourth edition of the festival Visuali Italiane – New Italian Cinema in Romania will cover a selection of eleven feature films and four short films in a bid to offer local audiences “an authentic and fresh perspective on contemporary Italian cinema.” The festival will feature screenings in six cities: Bucharest (March 3-9, Cinema Muzeul…

Victor Ponta, a former prime minister and leader of the Social Democrats (PSD), said he intends to run in the repeat presidential elections this May. Speaking at Parliament on Wednesday, February 19, he confirmed his decision, emphasizing that he will not run under the banner of the ruling PSD-PNL coalition, News.ro reported. “My opinion is…

The Board Members of the Foreign Investors Council (FIC) met on February 19 with prime minister Marcel Ciolacu and key economic ministers on topics such as Romania’s long-term development strategy, stimulating private investment, and reforming the fiscal framework. FIC representatives pointed out that the results of the FIC Business Sentiment Index show a trend of…

Environmental protection is becoming a global priority, and carbon footprint regulations are becoming increasingly stringent. Under European and national legislation, large companies in Romania are required to monitor and report their carbon emissions annually. Cătălin Safta, a sustainability expert, emphasizes the importance of complying with these legal requirements: “Trust us, you don’t want to play…

Romania was informed that the US officials, in the context of the talks with their Russian counterparts in Riyadh, had rejected requests to withdraw the security guarantees for the countries that joined NATO after 1997 (when Poland, Hungary, and the Czech Republic were officially invited). But the negotiations are far from the end, according to…

The Greek retailer Altex – with a similar name to the most powerful electro-IT retailer in Romania – is bringing the Funky Buddha store network, a clothing brand for men and women, to the local market, according to Profit.ro. Founded in 2005, the Greek company Altex has two distinct brands in its portfolio, namely Funky…

Instantaneous electricity consumption in Romania approached the 9,000 MW threshold on the evening of February 19, the highest level in the last 3 years, amid the first of the five frosty nights that are expected in Romania, Profit.ro announced. On Wednesday evening, at 6:41 PM, instantaneous consumption was 8,984 MW, only 16 MW below the…

Layoffs in Romania rose by approximately 50% in 2024 compared to the previous year, according to official data obtained by Economedia.ro from government authorities. The trend has continued into 2025, with thousands of employees already notified of upcoming job losses. Sectors experiencing downturns, including IT, automotive, and manufacturing, have been particularly affected. Job cuts have…

Romania and France will continue their strategic partnership, and France’s military footprint in Romania will increase, acting president Ilie Bolojan announced after meeting his French counterpart Emmanuel Macron in Paris on February 19. The French president continued the consultations with the European partners for a “fair and equitable” peace in Ukraine achieved by negotiations that…