Category: Uncategorized

German discounter Penny has kicked off construction work on the fifth warehouse in Romania, a project developed in Mihailesti (Giurgiu County, south of Bucharest) involving EUR 35 million of investments, according to Economica.net. “Romania is an important market for us, that’s why we have planned investments of over 1 billion euros until 2029, mainly by…

The Competition Council said on Wednesday, August 21, that it sanctioned six companies active on the book supply market, as well as the Romanian Publishers Association (AER), with fines totaling RON 5.96 million (roughly EUR 1.2 million) for participating in an anti-competitive agreement.  Direct Client Services S.R.L. (Cărturești Bookstores) got the biggest fine, of over…

A wildlife monitoring camera installed in Romania’s Apuseni Natural Park captured a beautiful stag cooling off in a forest puddle. The video shared on social media by the forest management company Romsilva shows the wild animal having lots of fun stomping and splashing in the water. “The stag is a herbivorous animal adapted to mountainous areas but…

Fintech iBanFirst, with 13 offices in 10 countries, appointed Alin Latu as the country manager for Hungary while also remaining in charge of the Romanian operations. He will be responsible for strengthening the company’s presence in the Hungarian market, where iBanFirst launched its operations last year. Alin Latu has seven years of expertise in the…

Romanian organized crime (DIICOT) prosecutors and police officers carried out several house searches in Bucharest and the neighboring Ilfov county early Wednesday, August 21, investigating allegations of human trafficking, trafficking of minors, sexual intercourse with a minor, influencing statements, and money laundering. The raids targeted the homes of Andrew and Tristan Tate, according to the…

Romanian artificial intelligence and blockchain technology provider Humans.ai announced the acquisition of Cluj-Napoca-based Starfish Technologies, inventor of TensorChain and part of Home of Prodigy, in a cash and shares deal.  As part of the deal, Razvan Costin, the founder of Starfish Technologies, is joining Humans.ai as Head of Innovation and board member. Starfish Technologies is…

The drought severely impacted the crops on 2.5 million hectares in Romania this year, approximately 40% of the wheat, corn, rapeseed, and sunflower cultivated areas, according to Ionel Arion, the president of the Pro Agro National Federation, quoted by Ziarul Financiar. The prolonged drought hit the corn and sunflower crops hard but also damaged the…

The volume of construction works in Romania edged up by a modest 0.6% y/y in Q2, after it plunged by 7% y/y in Q1, thus ending a six-quarter rally, according to data published by the statistics office. For the combined H1 period, the volume of construction works is still 2.5% lower compared to the same…

Major fertilisers producer Azomures, the largest natural gas consumer in Romania, suspended operations on subdue demand, according to Economica.net. Higher natural gas prices may have also contributed to the decision. The price of natural gas traded on spot markets on the Romanian market increased in the first part of August, mainly as a result of…

Romania’s flag carrier Tarom said it extended its suspension of flights to Beirut until September 2. Meanwhile, flights to and from Tel Aviv and Amman have been temporarily resumed until August 23. “Tarom maintains this measure for the destination of Beirut following travel alerts issued by the authorities, recent developments in the Middle East area,…