Category: Uncategorized

BT Property, an alternative real estate investment fund managed by INNO Investments SAI SA, part of Banca Transilvania Financial Group, acquired the office complex Record Park in Cluj-Napoca from Belgium’s AYA Properties Fund.  Launched in 2021, BT Property invests primarily in income-generating real estate assets and property-focused companies, according to the announcement. It manages assets…

Sphera Franchise Group, the largest food service operator in Romania, will expand the Taco Bell brand into the Republic of Moldova with the opening of a food court restaurant in Shopping MallDova in Chișinǎu. The new unit is scheduled to open in the second quarter of 2026.  Moldova will thus become the second market in…

Romanian athletes obtained good results in bobsleigh, luge, team relay, and women’s doubles at the Milan-Cortina 2026 Olympic Games. In total, 29 athletes represented Romania at the Milano Cortina 2026 Winter Olympic Games. The best results were obtained by Mihai Tentea and George Iordache in the two-man bobsleigh. The two won 5th place, Romania’s best…

Scientists have uncovered an ancient, cold-adapted bacterial strain trapped in ice inside Romania’s Scărișoara Cave that is resistant to several modern antibiotics. The discovery suggests that antimicrobial resistance evolved naturally long before the development of contemporary medicine, as reported by CNN. The bacterium was recovered from a 25-meter ice core drilled in the Great Hall…

The largest Ukrainian steel producer, Metinvest, controlled by entrepreneur Rinat Akhmetov, already sent 22,000 tons of hot-rolled products from structural steel grades certified in accordance with the European standard EN 10025 to its new business partner ArcelorMittal Tubular Products Iasi – recently acquired by Akhmetov, according to Profit.ro. For 2026, the plan is to deliver…

Romania’s Competition Council published for debate the action plan proposed by courier company Sameday, controlled by Dante International – the owner of eMAG marketplace – in its attempt to mitigate the competition risks posed by the planned takeover of peer company Cargus from MidEuropa Partners. The Competition Council previously announced that it had raised a…

The launch of Romania’s Single Digital Gateway (SDG), a EUR 23 million centralised platform (portal) that provides users with a single point of access to digital services, information, and procedures of public institutions at national and European level, was deferred for March, according to the Authority for the Digitalisation of Romania (ADR), contacted by Hotnews.ro. …

Only around 10% of the 1,200 fish ponds approved in Romania over the past ten years have actually been built, according to a report released by the Ministry of Environment, pointing to what officials describe as a widespread scheme to extract mineral aggregates under the guise of aquaculture projects. The permits were frequently obtained by…

A recent poll confirms that those pushing reforms, namely prime minister Ilie Bolojan and reformist party USR (Liberal party PNL to a lesser extent), are losing traction among the electorate, while the more gradualist politicians, such as the Social Democrat (PSD) leader Sorin Grindeanu and president Nicusor Dan, are preserving signs of acceptance among the…

The Jumbo Group is going through a period of increased attention on the local market, after recent data showed a 4% drop in sales in Romania, while other markets of the group continue to grow: +15% in Bulgaria and +11% in Greece, according to Mediafax, citing the Greek publication Financial Press. For the fifth consecutive…