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BilateralJune 2, 20230

King Charles III visiting Romania: “I always felt at home in Romania”

King Charles III arrived in Romania, in Bucharest, on Friday. The British sovereign coming to make a five-day private visit to our country, the...

BusinessMay 30, 20230

Pork preparations, sold on the US market by a Romanian company

Vascar, one of the main producers of meat preparations and preserves in Romania, received accreditation to export pâtés and preserves from pork to the...

BilateralMay 30, 20230

Over 13 thousand companies with Chinese capital are registered in Romania. China is Romania’s second commercial partner outside the EU

The total volume of Romanian-Chinese trade was 9 billion dollars in 2022, up 3.1% compared to the previous year, the People's Republic of China...

Banking & FinanceMay 24, 20230

The financial market brought down OTP Bank Romania; the Hungarian bank’s market share remained insignificant, below 2%

Bucharest, 24.05.2023 – The bad news about Hungary continues. After the isolation, until the exclusion from the Visegrad Group, the strained relations with Brussels, the...

Tech & Innovation

IT & COctober 24, 20190

Brad Smith, in Bucharest: We are entering the stage where every profession

By Jerom Bolt Microsoft Romania organized, today, October 24, at the Palace of Parliament in Bucharest, an event dedicated to...

Business

Pork preparations, sold on the US market by a Romanian company

May 30, 2023 0

Vascar, one of the main producers of meat preparations and preserves in Romania, received accreditation to export pâtés and preserves from pork to the...

Bilateral

Over 13 thousand companies with Chinese capital are registered in Romania. China is Romania’s second commercial partner outside the EU

May 30, 2023 0

The total volume of Romanian-Chinese trade was 9 billion dollars in 2022, up 3.1% compared to the previous year, the People's Republic of China...

Banking & Finance

The financial market brought down OTP Bank Romania; the Hungarian bank’s market share remained insignificant, below 2%

May 24, 2023 0

Bucharest, 24.05.2023 – The bad news about Hungary continues. After the isolation, until the exclusion from the Visegrad Group, the strained relations with Brussels, the...

IT & C

FlowX.AI, the Romanian-born US startup, raises a $35 million Series A funding round

May 23, 2023 0

Bucharest, Mai 21, 2023 - FlowX.AI, the world’s first AI enterprise application modernization platform for large financial services organizations, today announces that it has...

Economy

OMV Petrom obtained financing through the NPRR to produce green hydrogen at the Petrobrazi refinery in Romania

May 22, 2023 0

>>>Total investment value was estimated at approximately EUR 74 million, with a maximum amount of approximately EUR 39 million to be financed through the...

Issue of the Day

Tradesilvania, the first crypto unicorn in Romania

May 22, 2023 0

Bucharest, May 22nd, 2023 - In April, the crypto platform Tradesilvania reached a traded volume of one billion euros in its first five years...

Issue of the Day

The war in Ukraine, collateral effects: Hungary remains without oil from the Russians. The Hungarians say that Ursula von der Leyen is aware of...

May 17, 2023 0

Bucharest, May 17, 2023 - The media from Kyiv announced the other day that Ukraine has "temporarily suspended" the supply of oil to Hungary...

Issue of the Day

Bucharest Tech Week transforms the Romanian capital into a pole of European and international technology

May 17, 2023 0

Bucharest, May 17, 2023 - Bucharest Tech Week, the festival that turns Bucharest into the international capital of technology every year, returns between May...

Issue of the day

IT & CMay 23, 20230

FlowX.AI, the Romanian-born US startup, raises a $35 million Series A funding round

Bucharest, Mai 21, 2023 - FlowX.AI, the world’s first AI enterprise application modernization platform for large financial services organizations, today announces that it has...

Economy

OMV Petrom obtained financing through the NPRR to produce green hydrogen at the Petrobrazi refinery in Romania

May 22, 2023 0

>>>Total investment value was estimated at approximately EUR 74 million, with a maximum amount of approximately EUR 39 million to be financed through the...

Issue of the Day

Tradesilvania, the first crypto unicorn in Romania

May 22, 2023 0

Bucharest, May 22nd, 2023 - In April, the crypto platform Tradesilvania reached a traded volume of one billion euros in its first five years...

Issue of the Day

The war in Ukraine, collateral effects: Hungary remains without oil from the Russians. The Hungarians say that Ursula von der Leyen is aware of...

May 17, 2023 0

Bucharest, May 17, 2023 - The media from Kyiv announced the other day that Ukraine has "temporarily suspended" the supply of oil to Hungary...

Issue of the Day

Bucharest Tech Week transforms the Romanian capital into a pole of European and international technology

May 17, 2023 0

Bucharest, May 17, 2023 - Bucharest Tech Week, the festival that turns Bucharest into the international capital of technology every year, returns between May...

Banking & Finance

Inflation in the EU: Hungary is the champion again in April. Romania shows a significant decrease in the Eastern Bloc

May 17, 2023 0

Brussels, April 17, 2023 – Inflation is starting to deflate in most states in the European Union, excluding Hungary, which continues to break all...

IT & C

Omnicredit – the first local Open Banking service authorized by the National Bank of Romania

May 17, 2023 0

Bucharest, May 16, 2023 - Omnicredit, the first microfinancing, scoring, and factoring fintech platform, streamlines the financing process and integrates an account query service...

Event & Opinion

King Charles III will pay a visit to Romania, the first after his lavish coronation

May 16, 2023 0

Bucharest, May 16, 2023 - Official sources from Bucharest confirm the visit of King Charles III to Romania. The visit is the first of...

Tech & Innovation

Romanian Technology Startup, Telerenta, launches the only automated platform in Southeast Europe for renting and delivering electronic equipment to home users

May 16, 2023 0

Bucharest, May 16, 2023 – The Romanian technology startup, Telerenta, is launching the only electronic equipment rental platform in Southeast Europe for home users....

Conjuncture

EC, Spring 2023 Economic Forecast: Romania has the best economic growth forecast for this year and next year. Poland, Hungary, Czechia, after Romania

May 15, 2023 0

The European Commission on Monday improved its estimates for Romania's GDP growth this year and next year and maintained its inflation projection for 2023,...

Economy

Nuclearelectrica launched, in Bucharest, the first NuScale Energy Exploration Center (E2) in Europe

May 12, 2023 0

By Constantin Radut Bucharest, 12.05.2023. Nuclearelectrica launched, today, 12.05.2023, the first Energy Exploration Center in Europe at the Politehnica University of Bucharest (UPB). The E2...

Markets

Capital MarketsNovember 9, 20190

Fitch Ratings reconfirmed the rating of the Romanian government debt to BBB- / F-3

By Edwig Ban Fitch Ratings on Friday reconfirmed the ratings for long-term debt in local currency and currency of Romania...

Capital MarketsJanuary 14, 20220

Hidroelectrica, on the Bucharest Stock Exchange. Fondul Proprietatea will list at least 15% of the company’s shares

By Edwig Ban Fondul Proprietatea will list, "as soon as possible", at least 15% of the shares of the state...

Banking & FinanceJanuary 3, 20230

The foreign exchange reserves at the National Bank of Romania increased by over 6 billion euros in 2022

By RBJ The foreign exchange reserves at the National Bank of Romania (BNR) stood at 46.636 billion euros in December...

Banking & FinanceOctober 6, 20210

Polish bank Idea Bank Romania was acquired by Banca Transilvania for 43 million euros

By Emea Riga Banca Transilvania will acquire the shares held by the Polish group Getin Holding from Idea :: Bank,...

Capital MarketsNovember 15, 20220

Fondul Proprietatea lists on the Bucharest Stock Exchange its participation in Hidroelectrica, estimated at over 12 billion lei (approx. $2.5 billion)

By RBJ Fondul Proprietatea shareholders voted for the listing of Hidroelectrica on the Bucharest Stock Exchange, Johan Meyer, the general...

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Economy

Agriculture

The largest grain terminal on the Black Sea inaugurated in Romania

September 17, 2020 0

By Emea Riga Today, the grain terminal of the Romanian company Comvex SA was inaugurated, after an investment of 56 million euros. The port operator...

Conjuncture

A quarter of the EU states have entered the antechamber of technical recession. In Q3 2022, Romania registers a GDP growth of 4.7%, after...

November 15, 2022 0

By RBJ Eurostat's flash data for the 3rd quarter show that most EU states are registering a strong slowdown in economic growth. Seasonally adjusted GDP increased...

Economy

Visteon Corporation opens a new development center in Romania

January 21, 2019 0

By Emea Riga Visteon Corporation (Nasdaq: VC), the only automotive company specializing exclusively in the design and production of electronic board components, opens a new...

Oil&Gas

Government extends the agreement with ExxonMobil and OMV Petrom for the Black Sea gas in 2045

January 30, 2019 0

By Edwig Ban The Government today approved the extension by 2045 of the oil agreement between state and ExxonMobil and OMV Petrom for the Neptun...

Business

BusinessMarch 17, 20200

Romania begins its own production of sanitary equipment

By Emea Riga Romania will start in the weeks following the production of essential materials such as masks, suits and biocides, announced the Minister of...

BusinessNovember 2, 20200

Huawei reported Romania and Poland to the European Commission due to the exclusion from the 5G network

By Jerom Bolt Huawei has challenged at the European Commission the signing by Romania and Poland of memoranda with the United States by which the...

BusinessJuly 25, 20200

Cushman & Wakefield Equinox: In the last five years, Bucharest has been the most dynamic logistics market in the region, becoming a regional hub

By Andra Beltz The stock of industrial and logistics spaces in Bucharest has doubled between 2015 and 2020, the capital of Romania being the most...

BusinessSeptember 12, 20190

The office market reaches a new record in Bucharest

By Edwig Ban In 2019, the office market in Bucharest will reach a record compared to last years; It is estimated that 400,000 square meters...

BusinessJanuary 3, 20220

Promateris, leader of Central and Eastern Europe in compostable packaging production

By Andra Beltz Promateris ended 2021 with spectacular results. The Romanian company is the European leader in the emerging industry of sustainable products and solutions...

BusinessOctober 20, 20220

DentalVerse by Dr.Leahu, the first dentistry platform digitalizing the relationship with the patient

By RBJ Dr.Leahu Dental Clinics, the leader on dentistry market in Romania, launches DentalVerse, the first local mobile app to digitalize the patient’s interaction with...

Bilateral

Romania-Kazakhstan, economic cooperation is at the forefront of bilateral relations

October 6, 2022 0

By RBJ These days, the 16th session of the Romanian-Kazakh intergovernmental commission for commercial-economic and technical-scientific cooperation is taking place in Astana, the capital of Kazakhstan. Romania and the Republic of Kazakhstan have a history of over 30 years of diplomatic...

Issue of the DayOctober 3, 20210

Hungary (small) becomes even smaller

By C.R. One of the most dramatic problems in Hungary is the steady decline in population over the last 40-50 years. This has not only...

EconomyNovember 2, 20210

European premiere in nuclear energy: Washington and Bucharest will sign agreement for the placement of 12 small modular reactors in Romania

By Constantin Radut Unexpectedly, the American efforts to eliminate Chinese competitors in the nuclear energy sector from the Romanian market seem to bear fruit. The...

BusinessAugust 29, 20220

AitCnnect, the new Romanian airline, has started its regular flights

By rbj The newest airline in Romania put the first regular flights on sale on Friday, August 26. AirConnect is based in Bucharest and currently...

Tech & InnovationMay 16, 20230

Romanian Technology Startup, Telerenta, launches the only automated platform in Southeast Europe for renting and delivering electronic equipment to home users

Bucharest, May 16, 2023 – The Romanian technology startup, Telerenta, is launching the only electronic equipment rental platform in Southeast Europe for home users....

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BusinessDecember 16, 20210

Romanian group Grampet will enter the Polish railway market in 2022

By Jerom Bolt Grampet Group, the largest railway group and private logistics operator in Romania and South-Eastern Europe, concludes a year of consolidation at the...

Event & OpinionFebruary 20, 20200

Is the US a tax haven?

By rbj At least this is the result of the 2020 report of The Tax Justice Network. The Tax Justice Network is an independent international network...

Banking & FinanceOctober 6, 20210

Polish bank Idea Bank Romania was acquired by Banca Transilvania for 43 million euros

By Emea Riga Banca Transilvania will acquire the shares held by the Polish group Getin Holding from Idea :: Bank, Idea :: Leasing and Idea...

Science & innovationJuly 7, 20190

Infosys opens new Cyber Defence Centre in Bucharest. Organisations across Europe can now leverage business-critical cyber security services

By Andra Beltz Infosys (NYSE: INFY), a global leader in next-generation digital services and consulting, announced the launch of its state-of-the-art Cyber Defence Centre in...

Autos & TransportationJanuary 13, 20220

Car production decreased in 2021 by almost 54,000 units compared to the peak year 2019. The Duster Extreme SUV was launched on the...

By Jerom Bolt Car production in Romania is affected by the pandemic crisis and the intermittent supply of semiconductors, a special feature worldwide. These problems...

Fund ManagementDecember 20, 20210

Mark Gitenstein has resigned from his positions held within the Fondului Proprietatea Board of Nominees

By Jerom Bolt Franklin Templeton International Services S.À R.L., in its capacity as alternative investment fund manager and sole director (the “Fund Manager”) of Fondul...

Issue of the day

Issue of the DayJuly 3, 20190

Europe with two speeds

By C. Radut Tuesday, at sunset, in Brussels, leaders from the 28 states of the European Union reached an agreement on portfolios designation for the...

Issue of the DayJuly 31, 20200

EU-Viet Nam free trade agreement

By rbj ***Joint press statement by EU Trade Commissioner Cecilia Malmström and Minister of Industry and Trade Tran Tuan Anh on the occasion of the...

Event & OpinionMarch 16, 20220

Empathy, the gold of the crisis moments

By Rodica Lazăr, CEO Grafex We live in complicated times. Not only international relations are being tested, but also the economic resilience of companies and...

Event & OpinionFebruary 26, 20220

Romania’s exit from the International Investment Bank, a Soviet-era institution

By Edwig Ban Romania will leave the structures and shareholders of the International Investment Bank in which it is a partner with several former communist...

Economy

Aeropspace & DefenceJanuary 14, 20200

Lockheed Martin, strong presence in the Romanian defense system

By Jerom Bolt The Minister of National Defense (MApN), Nicolae Ciuca, met with Lockheed Martin company president Marillyn Hewson today. The discussions focused on the...

EconomySeptember 30, 20190

Transgaz Romania and Baumgarten interconnection Austria establish Romanian Gas Hub

By Jerom Bolt Transgaz SA, the Romanian transmission and system operator and the Austrian Central European Gas Hub AG (CEGH), the operator of the Virtual...

Aeropspace & DefenceApril 9, 20200

Financial support of 130 million euros for the airline companies Tarom and Blue Air

By Andra Beltz The Bucharest authorities have started discussions with the European Commission in order to be able to allocate about 130 million euro of...

Banking & FinanceMay 24, 20230

The financial market brought down OTP Bank Romania; the Hungarian bank’s market share remained insignificant, below 2%

Bucharest, 24.05.2023 – The bad news about Hungary continues. After the isolation, until the exclusion from the Visegrad Group, the strained relations with Brussels, the...

IT & CMay 23, 20230

FlowX.AI, the Romanian-born US startup, raises a $35 million Series A funding round

Bucharest, Mai 21, 2023 - FlowX.AI, the world’s first AI enterprise application modernization platform for large financial services organizations, today announces that it has...

EconomyMay 22, 20230

OMV Petrom obtained financing through the NPRR to produce green hydrogen at the Petrobrazi refinery in Romania

>>>Total investment value was estimated at approximately EUR 74 million, with a maximum amount of approximately EUR 39 million to be financed through the...

Issue of the DayMay 22, 20230

Tradesilvania, the first crypto unicorn in Romania

Bucharest, May 22nd, 2023 - In April, the crypto platform Tradesilvania reached a traded volume of one billion euros in its first five years...

Markets

Capital MarketsMarch 17, 20220

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