Category: Uncategorized

Alexandru Dincovici, a professional with extensive experience in strategic management, leadership, consulting, and research, took over the role of General Director or the Romanian Business Leaders Foundation starting October 1. Dincovici succeeds Alina Burlacu, who, after 8 years in the organization, concludes her role. During her 4 years leading the RBL Foundation, Burlacu contributed to the…

E.ON has not decided yet whether to sell or not their energy supply business in Romania and even if they decide so, the deal is subject to approval from local authorities, energy minister Sebastian Burduja said, commenting on rumors about Hungary’s MVM as a potential buyer. He stressed that the potential deal, if completed, only…

Just after the recent budget revision that lifted the deficit target from 5% of GDP to nearly 7% of GDP, the government of Romania is distributing RON 7.7 bln for investment projects, RON 2 bln for subsidies for farmers, plus another RON 560 mln for local administration’s social expenditures – roughly RON 10.5 bln or…

The inflows of European funds are shrinking by RON 12 bln in 2024 compared to 2023, while foreign direct investments will decrease to EUR 5.6 bln from EUR 6.7 bln, according to a research report published by Libra Internet Bank’s chief economist Lucian Anghel, quoted by Ziarul Financiar. The public investments of RON 120 bln…

Grup Șerban Holding (BVB: GSH), a Bucharest Exchange listed group founded in 1994 by local entrepreneur Nicolae Șerban, will invest EUR 62.5 million in a French fries processing plant in Sascut, Bacău county, and the expansion of the cold storage capacity for vegetables, the company announced in a note to investors. Both projects are scheduled…

The construction of the Neptun Alpha production platform on Saipem’s sites in Indonesia and Italy is progressing according to schedule, and the Neptun Deep offshore project is on track for first gas in 2027, officials of OMV Petrom (BVB: SNP) – which operates Romania’s flagship offshore project – confirmed in a statement on October 2.…

Former WTA No. 1 Simona Halep has officially confirmed her participation in the Transylvania Open WTA 250, which will take place in February 2025 at BTarena in Cluj-Napoca.  “Hello, everyone! I am thrilled to announce that I will be playing at the Transylvania Open from February 1-9, 2025. I can’t wait to see you all…

The Romanian Tech Startups Association (ROTSA) announced the launch of the Romania Startup Awards, an annual competition aimed at recognizing the most innovative and impactful tech startups at the national level.  The competition targets innovative startups with regional and international impact in fields such as Artificial Intelligence, data automation, enterprise software, financial services, eHealth, proptech,…

Prime minister Marcel Ciolacu announced on Wednesday, October 2, government support for a plan by the Romanian Orthodox Church to acquire two properties in France and Italy. The building in Paris is set to be converted into a Romanian school, while the one in Rome will host a residential social center for mothers and children…

The sixth edition of the Art Encounters Biennale will take place in Timișoara between May 16 and June 29 of next year. The event has selected Ana Janevski and Tevž Logar as the curators of the 2025 edition. Ana Janevski is currently a curator in the Department of Media and Performance Art at the Museum…