Cluj-Napoca airport adds two new European routes for 2024 winter season
Cluj-Napoca’s Avram Iancu International Airport added Stuttgart and Lisbon to its destination network for the 2024 winter season. Flights to these destinations are operated for the first time by (…)
Oct 29, 2024
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OMV Petrom Reports 6% Lower Sales, 54% Higher Net Profit in Jan-Sept 2024
OMV Petrom, Romania’s largest company by turnover, reported sales worth RON26.7 billion in the first nine months of 2024, down 6% from the year-earlier period, while net profit rose by 54% to (…)
Oct 29, 2024
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Andrei Dudoiu takes over as CEO of SeedBlink
The equity management and investment platform SeedBlink announced that Andrei Dudoiu, currently its board president, takes over as CEO, succeeding Carmen Sebe. This planned leadership rotation (…)
Oct 29, 2024
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Study: Per capita purchasing power is EUR 9,092 in Romania, half the European average
The per capita purchasing power amounts to EUR 9,092 in Romania this year, which puts the Romanians almost 52% below the European average and improves their ranking by one place to 32nd, according (…)
Oct 29, 2024
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Elena Oancea takes on a new role, as the co-CEO of the Goldbach Group
With a previous entrepreneurial career recognized in the interior design domain, which she marked by developing a portfolio of flagship projects within Lemon Interior Design & Lemon Office (…)
Oct 29, 2024
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Top platforms to swap DAI to FTM
Swapping cryptocurrencies has become an essential activity for traders and investors as they navigate decentralized finance (DeFi) ecosystems. DAI, a stablecoin pegged to the US dollar, and Fantom (…)
Oct 29, 2024
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Romanian tech innovation catches the eye of French president Emmanuel Macron
A Romanian innovative project funded by the Next Generation Internet (NGI) initiative caught the attention of the president of France, Emmanuel Macron, during his visit to the Francotech (…)
Oct 29, 2024
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MerchantPro: Automation as a pillar for increasing profitability in eCommerce. How three online stores quickly improved performance through operational optimization
Among the trends shaping the local eCommerce market in the first half of 2024, as seen on the MerchantPro platform - a local SaaS solutions platform for eCommerce - are merchants' investments in (…)
Oct 29, 2024
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Proposed draft law allows Romania to shoot down drones breaching its airspace
The Ministry of Defense (MApN) has put into public debate the draft law that sets out the conditions for shooting down drones and planes that enter Romania's airspace without permission. The (…)
Oct 29, 2024
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Romania passes law establishing National Clean-Up Day in September
Romanian president Klaus Iohannis approved on Monday, October 28, the law establishing the third Saturday of September each year as the 'National Clean-Up Day.' The occasion is meant “to (…)
Oct 29, 2024
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Italsofa 2023 Turnover Down 29.3% in 2023 To RON238.9M
Armchair and sofa manufacturer Italsofa Romania, the local subsidiary of Italian group Natuzzi, for 2023 reported turnover worth RON238.9 million (EUR48.3 million), down 29.3% from 2022, in line (…)
Oct 29, 2024
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ARO Palace Signs Franchise Contract with Hyatt to Rebrand Brasov Hotel
Hotel company ARO Palace, controlled by Transilvania Investments, has signed the franchise agreement with hotel chain Hyatt to transfer the ARO Palace hotel under the international brand.
Oct 29, 2024
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Romanian Orthodox Church regrets Kiev's refusal to admit its structures in Ukraine
The Synod of the Romanian Orthodox Church "regretfully took note of the fact that the Ukrainian authorities have unjustifiably postponed, for an unspecified period, the legal recognition of the (…)
Oct 29, 2024
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Bucharest mayor maintains neutral stance ahead of presidential elections
Bucharest mayor Nicusor Dan said he is not going to support any particular candidate before the first round of the presidential elections in Romania, explaining that he wishes to preserve support (…)
Oct 29, 2024
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PPC gets permit to take over Europe’s largest onshore wind farm located in eastern Romania
The Competition Council gave the green light to the Greeks from Public Power Corporation (PPC) to buy the five companies that operate the largest onshore wind farm in Europe, located in eastern (…)
Oct 29, 2024
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Romania’s Romgaz ups natural gas output by 4.4% y/y in January-September
Romgaz (BVB: SNG), Romania’s largest natural gas producer and supplier, increased its gas extraction by 4.4% in the first nine months of 2024 compared to the same period last year, with a total of (…)
Oct 29, 2024
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Moldova's agri group Trans-Oil takes over grain, sun oil terminal in Romania's Constan?a port
Trans-Oil Group, Moldova's leading sunflower processor and trader, signed a Share Purchase Agreement (SPA) on October 25 for the acquisition of the Frial Terminal in Romania's Port of Constan?a. (…)
Oct 29, 2024
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