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Beginner entrepreneurs in Romania may enroll between May 2 - 20, 2022 into the Startup Studio by Factory program launched by Raiffeisen Bank, within which business ideas are debated with mentors and specialists in order to stand a better chance of obtaining funds.

Prime Minister Nicolae-Ionel Ciuca, Energy Minister Virgil Popescu and David Muniz, Chargé d’Affaires ad-interim of the US Embassy to Romania, on Tuesday attended the signing of the contract for the sale of Exxon’s stake in the Neptun Deep block to Romgaz, a government press release says.

About 1,600 creditors of Romanian bankrupt insurer City Insurance, formerly the market leader with a 43% market share, have filed requests to recover a total amount of RON9 billion (EUR1.8 billion), in line with information from representatives of CITR, the court-appointed liquidator of the insurer.

Deloitte Romania and Reff & Associates | Deloitte Legal assisted Knauf Insulation, one of the world’s largest manufacturers of insulation solutions and part of the German Knauf group, in taking over the mineral glasswool factory Gecsat located in the Romanian locality of Tarnaveni (Mures County).

Romania’s national commission for prognosis and statistics in its spring report revised downward its projection for the country’s economic growth for 2022 to 2.9% from a previous projection of 4.3% in its winter forecast, in the context of Russia-Ukraine conflict and the international sanctions imposed.

DRUID, the end-to-end platform for building AI-driven conversational business applications, announces that it has raised a fresh round of funding. This new $15 million round will be used to fuel its international expansion, by actively hiring new talents, to support its accelerated growth across Europe and North America. Furthermore, DRUID will extend its technological leadership […]

Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei taken out before May 2019, has increased to 5.07% a year on Tuesday (May 3) from 5.01% on Monday (May 2), as per central bank data.

Bento – Intellectual Curious (2B Intelligent Soft), a Romanian entrepreneurial company founded in 2004 and specialized in developing and implementing software solutions and delivering IT and Cloud infrastructure services, has implemented the Bento Granar solution within Comvex, the most modern grain port terminal in Romania.

Romania's state-owned lender CEC Bank becomes primary dealer on the government securities market, starting May 2, thus joining the other seven primary dealers.

Romania's Transport Ministry has approved the purchase of 12 hydrogen fuel cell trains as part of a pilot project aimed at testing "green" trains.

Industrial production prices for the domestic and non-domestic markets grew by 51.7% in March 2022 versus March 2021 and by 7% in March 2022 compared to February 2022, data from Romania’s statistics board INS showed Tuesday.

Sodexo, one of the largest players on the Romanian meal vouchers market, has concluded a strategic partnership with furniture retailer IKEA that will enable customers to use Gusto and Gift cards in IKEA Romania stores.

Starcom Romania launches the Events Behavior in 2022 study, which analyses Romanians’ preferences in terms of events and how these preferences differ according to age segments, as well as how people make decisions on the events they will attend, which are the main sources of information on events and which are the most anticipated festivals […]

Johan Gabriels, the Regional Director for South-East Europe of fintech iBanFirst, has been appointed President of BEROCC – the Chamber of Commerce for Belgium, Luxembourg, Romania and Moldova at the General Assembly. He succeeds Koen Vanvinckenroye, who has led the organisation for the past two years.   Johan Gabriels coordinates the expansion strategy of Belgian-French […]

Deloitte Romania and Reff & Associates | Deloitte Legal assisted Knauf Insulation, one of the world’s largest manufacturers of insulation solutions and part of the German Knauf group, in taking over the glass mineral wool factory Gecsat SA located in Tarnaveni, Mures county. The transaction was completed following the notification of the Competition Council.   […]

The list of projects getting the technical approval to connect to the network is expanding by the month, with the newest wind parks set to start operating including the 75 MW one of Botosani, having Italy’s Alerion behind it.

Anchor Grup, one of the top players on the real estate market in Romania, announces Select Residences, its newest premium residential complex in the company’s portfolio, after a planned investment of 40 million euros.   About half of the investment value is covered by financing from Libra Internet Bank, the partner bank in the project’s […]

Anchor Grup, a major real estate developer in Romania, will build a new housing compound in Bucharest, Select Residences, in Dristor/Vitan area, in the wake of planned EUR40 million investments.

Sodexo Romania, the local market leader in extra salary benefits to improve the quality of employees’ life, has closed a strategic partnership with IKEA, one of the largest furniture retailers, to allow its customers to use Gusto and Gift cards in IKEA Romania stores.   Through this partnership, two of the Sodexo extra salary benefit […]

There is hardly any business that thrives in the present global economy that does not rely on the power of social media. One of the social media platforms that has made it easier for business owners to engage their audience is Instagram.   Here is a List of Our Top Six Sites Our first pick […]