Category: Uncategorized

OMV Petrom, Romania’s largest energy company, will reduce its workforce by about 1,000 employees – roughly 10% of its total staff – as part of a cost-cutting programme prompted by lower oil prices, Economica.net reported. Half of the planned reductions have already been completed, with most of the remaining cuts expected in 2025. Chief Executive…

Rompetrol Rafinare, which operates Romania’s largest refinery and is the main supplier of petroleum products for the Republic of Moldova, controlled by KazMunayGas, warned that the taxation regime, particularly the minimum income tax on revenues (IMCA), endangers its business continuity. The company said it abandoned a USD 700 million investment plan in 2024-2025, also because…

United States agribusiness group Bunge, Romania’s leading producer of edible oils, plans to expand the sunflower seed processing capacity at its factory in Lehliu-Gară, southern Romania, Ziarul Financiar reported. The company, which recorded a turnover of RON 2.7 billion (USD 589 million) in 2024, holds three of the country’s top five oil brands – Unisol,…

Infinity Capital Investments (formerly SIF Oltenia), the majority shareholder of vegetable oil producer Argus Constanţa (BVB: UARG), announced the completion of the sale transaction of a 91.42% stake in the company’s share capital to the Bulgarian company Buildcom EOOD, according to a notification sent to the Bucharest Stock Exchange on November 5. The transfer agreement…

The budgetary measures taken so far by the government of Romania are insufficient for stabilising the public debt to GDP ratio, and taking further steps will be complicated by recession – a “very likely scenario” for H2 this year – and the lack of coherence among the members of the ruling coalition, according to Nichollas…

In a celebration of gastronomic art, creativity, and passion that define the fine dining experience at the highest level, JW Marriott Bucharest Grand Hotel proudly hosted two exceptional culinary evenings with Michelin-starred Chef Theodor Falser, who has held a Michelin star for ten consecutive years. Held on September 24 and 27, the two events offered…

Vegis.ro announces discounts of up to 70% on over 4,000 natural and organic products Vegis.ro, Romania’s largest online store for organic, natural, and bio products, kicks off its Black Friday campaign on November 6 at 8:00 PM, offering discounts of up to 70% on more than 4,000 products across categories such as Supplements and Remedies,…

NATO Secretary General Mark Rutte tried to calm security worries during his visit to Bucharest, saying the Alliance’s commitment to Romania remains strong, even after recent changes to the US troop presence. Standing next to president Nicuşor Dan on Wednesday, November 5, Rutte stressed that NATO fully understands Romania’s strategic importance on the eastern flank.…

During the General Meetings of Shareholders of EVERGENT Investments held on October 29, 2025, all proposals submitted by the Board of Directors and included on the agenda were approved by a large majority. The main resolutions adopted were: the implementation of a share buyback program for up to 43,300,000 own shares, to be carried out…

Vaunt, a Romanian real estate technology platform, is expanding into the United States after surpassing 80 clients and a transaction portfolio of nearly EUR 860 million. The expansion targets New York and Miami specifically. “Vaunt is a platform that helps real estate developers manage the sales process from the moment they receive the building permit until…