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Bittnet finances two investment projects by a new issue of bonds trading on Bucharest Stock Exchange

Bittnet, the first IT company listed on the AeRO market of Bucharest Stock Exchange, launched its third corporate bonds issue worth a total of 4.7 million RON, which began trading on the Alterna...

FAN Courier consolidates its leading position on the Romanian courier market, accelerates investment

FAN Courier is consolidating its leadership position on the local courier market for the 12th consecutive year, amid doubling of investments and market growth.

GapMinder fund invests in FintechOS, a start-up that develops AI solutions for the financial services industry

FintechOS, a company specializing in accelerating the digital transformation of financial institutions, has attracted 600,000 Euro of funding from the GapMinder investment fund.

Intracom Telecom introduces new Intelligence Surveillance Reconnaissance Platform

Intracom Telecom, a global telecommunication systems and integrated security solutions provider, announced the launching of SIS-C2, a command and control and integration management platform for ...

OTP Bank Romania to double its IT team to support its digital development plans

OTP Bank Romania will double its IT team in order to support its digital development plans for next year.

Romanian city gets EBRD funds for green buses and buildings rehabilitation

Around 300,000 inhabitants of Romania's city Craiova will benefit from a 15 million Euro long-term loan from the EBRD which will finance key urban projects in the city.

Garanti Bank finances the construction of HEKA Hospital in Constanta

Garanti Bank granted a 11 million RON (2.3 million Euro) loan to HEKA Hospital in Constanta. The funding has been granted for a period of 10 years, so that a former office building in the center...

Industry 4.0: EIB supports construction of new Arctic factory in Romania

The European Investment Bank (EIB) is lending 68 million Euro to white goods producer Arctic to finance the construction of a large-scale washing machine production plant featuring advanced manu...

Romanian bike producer Pegas starts selling on international markets

Romanian bicycle producer Pegas has made its first step on European markets by listing its products on five Amazon marketplaces in Spain, France, Germany, Italy and UK, from where it can deliver...

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Brasov County Council to invest 22 million Euro in new airport terminal

The Brasov County Council will invest 22 million Euro in building the passenger terminal of the future Brasov-Ghimbav international airport.

Lidl to open supermarket with electric car charging station in Resita

Lidl will inaugurate a store in Resita on July 19, 2018, provided with electric car charging station. The Lidl Drive from Resita has a retail space of approximately 1,300 sqm and around 150 park...

Porsche Engineering Romania relocates its headquarters to Cluj-Napoca

Two years after its official opening event, Porsche Engineering Romania inaugurated its new headquarters in Vivido Business Center in Cluj.

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U.S. Air Force to invest 40 million USD in Romanian air base

The U.S. Air Force plans to spend about 40 million USD on new construction and base improvements at the 71st Air Base in Campia Turzii, in Romania's Cluj county, Defensenews.com reported.

Romanian companies can get 50,000 USD to do business in the US through the Smart Start USA programme

Smart Start USA, a programme that will officially start in September 2018, aims to ease access for 10,000 small and medium Romanian companies and entrepreneurs annually on the North American mar...

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President Iohannis urges Romanians to be more united, stay involved in modernizing Romania

Romania's President Klaus Iohannis urged Romanians in France to be more united and stay involved as much as they are now in helping modernise Romania.

OTP Bank Romania signs investment funds distribution deal with Eurobank Fund Management Luxembourg

OTP Bank Romania signed a partnership with Eurobank Fund Management Company (Luxembourg) for the distribution of investment funds in Romania. Thus, from December 1st, OTP Bank Romania becomes th...

ArcelorMittal receives binding offer for European assets from Liberty

British-owned Liberty announced a conditional agreement to buy four European steel plants, employing more than 12,500 people.

The Romanian labour market needs a well-thought approach, says FIC

The Foreign Investors Council (FIC) has signaled in the past 2-3 years that its members are anticipating increasing strains on the Romanian labour market because starting with 2015-2016 their me...

Fondul Proprietatea expresses disappointment over Engie listing rejection

Fondul Proprietatea is disappointed with the decision taken by the majority shareholder of Engie SA, Romania Gas Holding B.V., to oppose the listing of the company, according to a press release....

EBRD cuts economic growth forecast for Romania

Romania's economy will grow by 4.2 per cent this year and by 3.6 per cent in 2019, according to the most recent forecast released by the European Bank for Reconstruction and Development (EBRD)....

Two billion youth risk of being left behind in the Fourth Industrial Revolution workforce, says Deloitte

Almost two billion youth worldwide risk of being left behind in the Fourth Industrial Revolution (Industry 4.0) workforce, which is changing at an increasingly rapid pace as a result of the emer...

Tinmar Energy to reach 80 million RON profit in 2019, invest in household business

Tinmar Energy estimates a profit of 80 million RON for 2019, after a 73 million RON result for this year, according to Augustin Oancea, CEO of the company. He claims the turnover for 2018 will b...

MOL Group posts 835 million USD profit for the first nine months of 2018

MOL Group announced its financial results for the third quarter of 2018. With a net profit of 323 million USD in Q3, the company reached a profit of 835 million USD for the first nine months of ...

Black Sea Oil & Gas and Transgaz sign 15-year contract for the MGD Project gas production transmission into the NTS

Transgaz and Black Sea Oil & Gas signed the gas transmission contract for the transport of the Midia Gas Development Project (MGD Project) production into the National Transmission System (NTS)....

Corina Popescu is the new CEO of Electrica

The Board of Directors of Electrica, one of the most valuable companies where the state is the main stakeholder, has agreed to end the collaboration with its CEO Dan Catalin Stancu starting Nove...

Romgaz posts a net profit of 1.02 billion RON in the first nine months of 2018

Romania's natural gas company Romgaz posted a net profit of 1.02 billion RON in the first nine months of 2018, a decrease of 14 per cent compared to the year-ago period. Total revenue stood at 3...

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Editorial
Changing the game - Reinvention

Reinvention is all about letting go of everything but your very best and finding even better ways of using it. The true essence of sustainability is reinvention.

Daily Info
Building for the future, now
The decision to buy a house is one we probably make once or twice in our lifetime. Therefor we want this decision to be the right one. A house should last the passing of time, fostering beautiful memories not o...

certSIGN leases 2,300 sqm in AFI Tech Park 1 office building
The Romanian IT company certSIGN has leased 2,300 sqm in AFI Tech Park 1 office building, which now reached a 60 per cent occupancy rate.

Tinmar Energy to reach 80 million RON profit in 2019, invest in household business
Tinmar Energy estimates a profit of 80 million RON for 2019, after a 73 million RON result for this year, according to Augustin Oancea, CEO of the company. He claims the turnover for 2018 will be around 1.8 bil...

Colt Technology Services to expand IQ network in Central and Eastern Europe
Colt Technology Services has today announced the expansion of its IQ Network in Central and Eastern Europe. Colt is investing in the region as a response to its rapid economic growth, providing the high bandwid...

FAN Courier consolidates its leading position on the Romanian courier market, accelerates investment
FAN Courier is consolidating its leadership position on the local courier market for the 12th consecutive year, amid doubling of investments and market growth.