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The Romanian competition body Consiliul Concurentei authorized the transaction by which Abatorul Periș, the largest pig and pork processor in the southeast of Romania, takes over three regional meat processing and marketing units owned by the local entrepreneur Alin Zamfira through the Cathedral Group. The target companies are Almado Total Distribution, Cathedral Distribution, and Policalita,…

The pretzel and viennoiserie chain LUCA, which reached over 140 units in Romania, is launching in Poland, with the first store to be opened in downtown Warsaw. This is the first Romanian chain of this kind to expand abroad after the Romanian cafes ‘5 to go’ and the restaurant chain Salad Box launched on foreign…

OMV Petrom (BVB: SNP) announced it commissioned a new crude oil tank, the largest in Romania, on the Petrobrazi refinery platform “to ensure the smooth operation of the refinery in safe conditions and to ensure the fuel stocks necessary to supply the market in Romania and the region.” “The [green] transition will not happen overnight,…

BRD Finance IFN, the consumer finance arm of the BRD-SocGen group (BVB: BRD), on the Romanian market for 20 years, is reportedly in the process of selling its entire loan portfolio in Romania with EOS Group among the leading bidders, according to Profit.ro.  BRD-SocGen’s consumer finance arm will cease operating after the group decided to…

The construction works index in Romania contracted by 7.1% y/y, dragged down by the unexpectedly sharp 34.1% y/y plunge in the residential buildings segment, according to data published by the statistics office INS. However, the data show significant anomalies. Although the residential segment is reported as not performing recently (particularly since the beginning of 2023),…

Romania recently sent aid to the Gaza Strip through the maritime corridor from Cyprus and the new jetty constructed by the US in the northern part of the Palestinian enclave. The country is also set to receive and treat Palestinian children. Romania’s aid, which includes over 88,000 canned food items, is part of the effort…

Bucharest mayor Nicușor Dan received donations amounting to EUR 400,000 in the pre-electoral campaign, out of which EUR 100,000 from the Save Romania Union (USR), he explained at a press conference where he evaluated his mandate. Dan is running as an independent for a second mandate, backed by the United Right Alliance (ADU), made up of the…

Romania’s Financial Supervisory Authority (ASF) has withdrawn the operating license of FAST Brokers after the company’s head was arrested. Last year, the brokerage company won a three-year bid with the Romanian Army. Additionally, FAST Brokers won, as the sole bidder, the life insurance policies for Navy soldiers, valid until October 27, 2025.  To motivate its decision,…

SelfDezign, a local design and architecture firm, received the BIG SEE Interior Design Award 2024 for the best office design, a competition that awards the best architectural projects in Southeast Europe. The SelfDezign team, consisting of architect Irina Stoica, architect Daria Mihailov-Chiriac, intern architect Maria Mota, and brand strategist Toni Bunaiașu, won the award for…

The airport serving Oradea, in northwest Romania, inaugurated a new terminal on Saturday, May 18. Covering an extended area of 12,500 sqm, it doubled the airport’s capacity to 800 passengers per hour.  Under the same project, digitized systems were introduced to facilitate passenger and baggage processing, a smart building management system was implemented, and the…