Category: Uncategorized

HILS Development, the residential and mixed-use developer founded by Ionuț Negoiță, announced that it obtained Green Homes pre-certification for the HILS Sunrise project in eastern Bucharest following an investment of EUR 3 million. The figure includes both pre-certification costs and investments in technologies and facilities necessary to comply with the Green Homes standard. Green Homes…

President Volodymyr Zelensky recently expressed gratitude to Romania for the Patriot missile defense system that the Romanian Parliament approved to be transferred to Ukraine.  Announcing that he had held a meeting with military chiefs to discuss the use of air defense systems and the protection of Ukrainian cities and communities, Zelensky stated, “We are counting…

Péter Szijjártó, Hungary’s minister of foreign affairs and trade, recently said during a visit to Bucharest that the Hungarian government will do everything possible to ensure that Romania can fully join the Schengen area by the end of the year. The area covers almost all EU states and ensures travel without land-based internal border controls.…

The amount of alcohol produced in Romanian households and exempt from alcohol excise duty could be increased from the current limit of 50 litres to 150 litres annually, according to a draft bill consulted by Profit.ro. The fiscal code currently exempts from paying excise duties the fruit alcohol produced in a household for its own…

NATO Deputy Secretary General Mircea Geoană announced that he is resigning from the North Atlantic Alliance effective September 10, according to Europa Liberă quoting both the Romanian politician and sources familiar with the developments. NATO later confirmed the information. Geoană would formally announce his candidacy for the presidential elections in Romania immediately after the ceremony, according…

The shareholders of the Romanian holding ROCA Industry (BVB: ROC1) specialising in construction material manufacturing approved the launch of a bond issue with a target of RON 50 million (EUR 10 mln), with a success threshold set at RON 25 mln.  “The launch of this first bond issue program of the holding, less than six…

French retailers Auchan and Leroy Merlin, both controlled by the Mulliez family, will install over 27,000 PV panels with a combined capacity of 12.8MWp on their Romanian stores under a partnership with Helexia, a subsidiary of Voltalia, according to a press release. A total of 16 Auchan hypermarkets and 12 Leroy Merlin DIY stores in…

A joint venture of the energy transport operators in Romania, Georgia, Azerbaijan, and Hungary backed by the governments of the four countries was set up in Bucharest on September 3, with the purpose of bringing “green” energy from Azerbaijan to Europe through a subsea cable laid under the Black Sea. The document underlying the establishment…

Stemming from the desire to bring together players in the Romanian fitness industry, UPfit.Cloud, a leader in software solutions for fitness clubs, announces FitNet’s launch in early September. Through this innovative project, the company aims to provide a support network to users who want to adopt a healthy lifestyle and provide increased exposure for Romanian…

Up Romania launches Up Play and becomes the first company in the employee benefits market to connect a complex gamification module with a mobile application. In this stage, the module is available only for users of Up Dejun cards in Bucharest and Ilfov and will later be extended throughout the country for several products from…