Romania recorded the largest increase in construction works in 2023

Bucuresti, 10 February, 2024 - # RBJ - In December 2023, compared with November 2023, seasonally adjusted production in construction increased by 0.8% in...

SeedBlink launches ESOP Design program to help Romanian entrepreneurs reward their employees through shares

The program is adapted to the specific legal and tax environment in Romania. It is made in collaboration with Mavers Tax Advisory and Andronic...

Algeria is taking the place of Russia, slowly but surely, in the gas supply of Central Europe

Bucharest, February 17, 2024 - # RBJ (photo: Algerian gas pipelines to Italy and Spain) - Last week, the German Vice-Chancellor and Minister of...

Romania-Italy: action plan that will strengthen the relations between the two states to a higher level

Rome, February 15, 2024 - # RBJ (Source: Agerpres) - Romania and Italy are entering a new stage of development of their consolidated strategic...

Tech & Innovation

Romanian startup Artful Living launches the first premium at home on demand service app

Bucharest, October 5, 2023 - by rbj - The startup Artful Living, owned by the entrepreneur Corina Olaru, launches,...

Romania: Hunedoara Castle

SeedBlink launches ESOP Design program to help Romanian entrepreneurs reward their employees through shares

The program is adapted to the specific legal and tax environment in Romania. It is made in collaboration with Mavers Tax Advisory and Andronic...

Algeria is taking the place of Russia, slowly but surely, in the gas supply of Central Europe

Bucharest, February 17, 2024 - # RBJ (photo: Algerian gas pipelines to Italy and Spain) - Last week, the German Vice-Chancellor and Minister of...

Romania-Italy: action plan that will strengthen the relations between the two states to a higher level

Rome, February 15, 2024 - # RBJ (Source: Agerpres) - Romania and Italy are entering a new stage of development of their consolidated strategic...

The Economist Impact Events presents the fourth edition of the Romanian Business & Investment Roundtable Conference in Bucharest, between April 3-4, 2024

Bucharest, 15 February, 2024 - # RBJ - The Economist Impact Events and its official representative for South East Europe, Hazlis & Rivas, together...

MoU between Nuclearelectrica Romania and the Italians from SACE and Ansaldo Nucleare for the development of the Cernavodă Nuclear Power Plant

Rome, February 15, 2024 - # RBJ (Source Agerpres) - Nuclearelectrica has signed an MoU with SACE and Ansaldo Nucleare to advance the development...

The Romanian wine industry developed in 2023. The number of domestic wineries increased by over 10%

Bucharest, February 15, 2024 - # RBJ - The wine industry in Romania continues its ascent, with over 50 new wineries being authorized in...

Grand Chancellor of the Sovereign Military Order of Malta today received the Prime Minister of Romania, Marcel Ciolacu

Bucharest, February 14, 2024 - # RBJ - The Grand Chancellor of the Sovereign Military Order of Malta, Riccardo Paternò di Montecupo, today received...

Tour operator Christian Tour fully acquires AnimaWings from the Greek Aegean Airlines. AnimaWings becomes a 100% Romanian company and announces the purchase of new...

Bucharest, February 14, 2024 - # RBJ - Tour operator Christian Tour acquires the remaining 51% of AnimaWings from the Greek Aegean Airlines. AnimaWings...

Issue of the day

The Economist Impact Events presents the fourth edition of the Romanian Business & Investment Roundtable Conference in Bucharest, between April 3-4, 2024

Bucharest, 15 February, 2024 - # RBJ - The Economist Impact Events and its official representative for South East Europe, Hazlis & Rivas, together...

MoU between Nuclearelectrica Romania and the Italians from SACE and Ansaldo Nucleare for the development of the Cernavodă Nuclear Power Plant

Rome, February 15, 2024 - # RBJ (Source Agerpres) - Nuclearelectrica has signed an MoU with SACE and Ansaldo Nucleare to advance the development...

The Romanian wine industry developed in 2023. The number of domestic wineries increased by over 10%

Bucharest, February 15, 2024 - # RBJ - The wine industry in Romania continues its ascent, with over 50 new wineries being authorized in...

Grand Chancellor of the Sovereign Military Order of Malta today received the Prime Minister of Romania, Marcel Ciolacu

Bucharest, February 14, 2024 - # RBJ - The Grand Chancellor of the Sovereign Military Order of Malta, Riccardo Paternò di Montecupo, today received...

Tour operator Christian Tour fully acquires AnimaWings from the Greek Aegean Airlines. AnimaWings becomes a 100% Romanian company and announces the purchase of new...

Bucharest, February 14, 2024 - # RBJ - Tour operator Christian Tour acquires the remaining 51% of AnimaWings from the Greek Aegean Airlines. AnimaWings...

The prices of goods in Romania are increasing again. The annual inflation rate rose in January 2024 to 7.41%, from 6.61% in December

Bucharest, February 14, 2024 - # RBJ - The annual inflation rate rose in January 2024 to 7.41%, from 6.61% in December, as food...

Telerenta announces 3 Million euros investment in 2024 and projects over 10,000 electronics rentals by year-end

Bucharest, February 14, 2024- # RBJ - The Romanian technology startup, Telerenta, which operates the only electronic equipment rental platform in Southeast Europe for...

Romanian PM in Italy: the governments of Bucharest and Rome will have the third joint meeting. The Romanian PM will be received in audience...

Bucharest, 14.02.2024 - # RBJ (government press release) - The Romanian PM, Marcel Ciolacu, will pay a working visit to Rome on February 14-15,...

Intentions for the development of GridStar Flow battery production technology (redox flow battery) in Romania

Bucharest, February 11, 2024 - # RBJ (photo: GridStar Flow Energy Storage Solution | Lockheed Martin) - GridStar Flow Energy Storage Solution | Lockheed...

The Romanian pharmaceutical company Antibiotice Iasi launches a new veterinary product range

Bucharest. 9 February 2024 - # RBJ (press release, Antibiotice) - - Antibiotice Iasi launches VetAria+, a range of nutritional supplements for veterinary use...

After 20 years of presence in Romania, OTP Group sells OTP Bank Romania. The buyer is Romania’s market leader, Banca Transilvania

Bucharest, February 9, 2024 - # RBJ - Banca Transilvania today signed a binding agreement with OTP Group to sell its stake in OTP...



Markets

Romanian investors are starting to use AI

Bucharest, October 19, 2023 - by Bogdan Maioreanu, eToro analyst and markets commentator - Romanian investors are very confident...

In 2023, the capitalization of the Bucharest Stock Exchange (BVB) doubled compared to 2022

Bucharest, December 31, 2023 - # rbj - The Bucharest Stock Exchange (BVB) ends 2023 with a capitalization of...

State of alarm in Hungary: Central bank raises monetary reference interest rate to almost 3%, above expectations

By Emea Riga Magyar Nemzeti Bank (MNB) has raised interest rates again. The current decision is in line with the...

The Bucharest Stock Exchange the only European stock exchange in Top 5 global IPOs unfolded so far this year

Bucharest, November 21, 2023 - # rbj - The international competition among stock exchanges to attract new issuers has...

Romania had the largest current account deficit in the EU in Q3 2021

By Andra Beltz In the third quarter of last year, the European Union recorded, on the whole, a current account...

History of the day: ICJ today began the hearings in the case of genocide charges against the Palestinians in Gaza that South Africa brings to Israel

Economy

The level of confidence of Romanian managers is affected by the constraints of the war in Ukraine and the energy crisis (Impetum study)

By RBJ The confidence level of Romanian managers decreased in the second part of this year, near the level of the end of 2020, at...

Romgaz SA and ExxonMobil extend until November 15 the exclusivity period regarding the negotiations related to Neptun Deep

By Edwig Ban Romgaz SA and ExxonMobil have announced that they are extending the exclusivity period from October 15, 2021, until November 15, 2021 regarding...

Commercial production of SMR components for Romania begins. A premiere in the nuclear power industry. NuScale reactors are not technologically and cost-effective

By Edwig Ban According to the Romanian Minister of Energy, Virgil Popescu, in 2022 the manufacture of the components of small modular reactors (SMR) under...

Nuclearelectrica and the Italian group Beltrame signed an MoU for collaboration in the development of SMR in Romania

By RBJ Nuclearelectrica and the Italian group Beltrame signed an MoU for collaboration on the development of SMR in Romania, according to a company press...

Business

JLL: 2020, record year for real estate, with new projects of 1.2 million sqm

By Emea Riga Real estate developers announced new projects of 1.2 million sqm in 2020, a new record of new deliveries of modern industrial, office...

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...

Serbian company Hefestos Capital buys TMK Artrom, Romania, one of the largest pipe producers in Europe

By RBJ Romanian pipe manufacturer Artrom Steel Tubes has been acquired by Belgrade-based investment banking company Hefestos Capital from Russian pipemaking group TMK, Artrom said...

Circularity Scotland selects RLG, a Reconomy Group company as preferred bidder, to set up an IT infrastructure for a DRS in Scotland

By rbj Circularity Scotland Limited, the Scheme Administrator for Scotland’s Deposit Return Scheme has selected Reverse Logistics Group (RLG), a company that also operates in...

Romanian food retail exceeds 22bn euro in 2018

By Andra Beltz The turnover of the Romanian food trade will exceed this year the record level of 100 billion lei (over 22bn euro), according...

Apemin Tușnad invites you to discover Water from your comfort zone in a new campaign by MullenLowe Romania

Bucharest, October 18, 2023 - by rbj - Who said routine has to be boring? In a hectic world where routine seems negative and...

Bilateral

Romania-Republic of Korea: cooperation for the completion of the first detrition facility (CTRF) in Europe at CNE Cernavoda

Seoul, June 28, 2023 - Nuclearelectrica SA Korea Hydro & Nuclear Power (KHNP) signed on June 27, 2023, in Seoul, Republic of Korea, the Engineering, Procurement and Construction (EPC) contract for the completion of the first detrition facility (CTRF)...

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...

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...

The Agricultural Cooperative “Țara mea” delivers Romanian caviar to the market and begins shrimp production

Bucharest, September 27, 2023 - "Țara mea" Integrated Agricultural Cooperative, the largest in Romania by turnover and number of members, delivered a ton of...

The Japanese company Tamura Corporation to open a new production unit in Romania

The Japanese company Tamura Corporation announces the establishment of a new production plant in Romania, in Feteşti-Gară, Ialomiţa. The factory will produce battery chargers...

Romania has one of the lowest taxation rates in the EU and lowest taxes on income and wealth (4.9%)

By R. Constantin Today, Eurostat released a report on Taxation in 2018. Eurostat shows that at the EU level, the taxation increased slightly from 40.2%...

Romania: Peles Castle (Peles National Museum) - Sinaia

https://en.peles.ro/

EY Romania Attractiveness Survey reveals optimistic investment climate. Romania became the fifteenth most attractive European investment destination

Bucharest, December 18, 2023 - # rbj - Romania recorded an 86% increase in the number of FDI projects in 2022, making it the...

Green energy: Schizophrenia and the bureaucracy of some EU officials

By Constantin Radut A conference entitled 'Energy Transition 2019' was held in Bucharest today, November 7th. Its undeclared objective was to put pressure on the...

Clariant shuts its sunliquid® bioethanol plant in Romania

Bucharest, December 7, 2023 - # rbj - Less than 1 and a half years after the start of production in the new factory...

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...

Venture Program, with support from ROTSA and Techcelerator, announces the finalist teams competing for funding worth €150,000 in total

Bucharest, 21 June 2023 - Al.bility, ChaosShift, Life 4.0, Notora, Parent's Advisor, and Whiz Commerce Cloud are the six finalist teams of the pre-acceleration...

The Romanian mobile phone company Gigi Communications is establishing itself strongly in the Spanish market

Bucharest, October 25, 2023 - by rbj - (Source Agerpres) - The French telecommunications group Orange and the Spanish operator MasMovil have selected the...

Issue of the day

Elon Musk and many world celebrities from the artistic and business world are spending Halloween in Romania at Bran Castle

By RBJ Some of the world’s richest people, including Tesla and SpaceX CEO Elon Musk and famous artists such as Angelina Jolie, will attend a...

Standard & Poor’s Global Ratings revised Hungary’s economic outlook from stable to negative

By rbj With all the praise that the press from the country and from "friendly" countries brings to the economic policy of the Viktor Orban...

Alba Orbital to launch pocket-sized satellite built by Romanian High School students with SpaceX in Q1 2023

By rbj Alba Orbital and RomSpace from the International Computing High School of Bucharest today announced a rideshare agreement to launch ‘ROM-2’, Romania’s first PocketQube...

Poles wait in line to buy coal to warm themselves in the winter. Worse than during communism

By Constantin Radut The Polish government, in the fight with Moscow, took the decision a few months ago to stop importing coal from the Russian...

Economy

Starts investments for NATO base near Bucharest

By Jerom Bolt The Romanian Army upgrades Tunari barracks with 18 million euros from NATO funds: New military unit will have heliport, polygon, new buildings...

Dacia, among the best-selling car brands in Europe in April. Dacia Sandero, 3rd place in the European registration ranking

By rbj The JATO Dynamics report on car registrations in April 2022 shows that Dacia brand models are among the most bought by European customers....

Romania and Bulgaria resume negotiations for the construction of a new hydroelectric plant on the Danube

By RBJ Romania and Bulgaria will resume negotiations to build the hydropower plant from Turnu Măgurele - Nicopol, announced the Minister of Energy, Virgil Popescu. "The...

Romania-Italy: action plan that will strengthen the relations between the two states to a higher level

Rome, February 15, 2024 - # RBJ (Source: Agerpres) - Romania and Italy are entering a new stage of development of their consolidated strategic...

The Economist Impact Events presents the fourth edition of the Romanian Business & Investment Roundtable Conference in Bucharest, between April 3-4, 2024

Bucharest, 15 February, 2024 - # RBJ - The Economist Impact Events and its official representative for South East Europe, Hazlis & Rivas, together...

MoU between Nuclearelectrica Romania and the Italians from SACE and Ansaldo Nucleare for the development of the Cernavodă Nuclear Power Plant

Rome, February 15, 2024 - # RBJ (Source Agerpres) - Nuclearelectrica has signed an MoU with SACE and Ansaldo Nucleare to advance the development...

The Romanian wine industry developed in 2023. The number of domestic wineries increased by over 10%

Bucharest, February 15, 2024 - # RBJ - The wine industry in Romania continues its ascent, with over 50 new wineries being authorized in...

Markets

eToro: The crypto market continues to attract through turbulence and uncertainty

Bucuresti, January 9, 2024 - # rbj - Simon Peters, cryptoasset market analyst at multi-asset investment platform eToro Please see below the latest crypto market...

eToro launches SpaceTech portfolio offering exposure to companies leading the space race

Bucharest, November 7, 2023 - # rbj - eToro, the trading and investment platform, has unveiled SpaceTech, a new portfolio that provides retail investors with...

Government debt dropped to 47.6% of the GDP

By RBJ Public administration debt (government debt) amounted, in September, to 646.073 billion lei, compared to 628.289 billion lei in August and 577.521 billion lei...

Did cryptocurrencies stir up riots in Kazakhstan? Anyway, Europe has become the world capital of virtual currencies

By Edwig Ban Many independent observers believe that the crypto mines in Kazakhstan have, among other causes, been at the root of the riots in...