Romanian lender Banca Transilvania has reached an agreement with Greek group Eurobank to acquire its subsidiaries in Romania. The deal targets local lender Bancpost,...

Mega Image opens its own online store in Romania

Dutch-Belgian retailer Mega Image launched its own online store in Romania yesterday. Its online store was previously hosted by local online retailer eMag’s marketplace. The...

Romanian teams develop software, electronics for Continental’s new 48V eBike system

Romanian engineers are working on the new 48V eBike system developed by German automotive producer Continental. The 48V Revolution is the world’s first 48V-powered e-bike...
Vastint

Belgian firm buys 44-hectare plots near Bucharest

Belgian group WarehousesDePauw (WDP) will pay EUR 8.3 million for three plots of land totalling over 44 hectares in tIlfov county, near Bucharest. Biscuit producer...

Kaufland joins first national program supporting Romanian pork producers

The first national program aimed at supporting the production and sale of Romanian pork was launched on Wednesday, November 22, with the support of...

Firm that built Romania’s gas pipeline network goes bankrupt

Local firm Condmag Brasov, which has built more than 90% of Romania's main natural gas pipeline network, went bankrupt. The court’s decision can be...
Romgaz

Romanian state-owned company pays for employees’ trips to Bali, Thailand

Romanian state-owned gas producer Romgaz granted its managers bonuses for doing overtime without asking for documents to prove the overtime, with a damage of...

Romanian state defense contractor Romarm expects 20% increase in exports

Romania’s defense contractor Romarm could see a 20% increase in exports in 2017, to USD 120 million, according to the company’s estimates, reports local...

MedLife invests EUR 700,000 in new hyperclinic in Romania

Romanian private healthcare operator MedLife has opened a 540-sqm hyperclinic in Braila, South-Eastern Romania, with a EUR 700,000 investment. It is the company’s 19th...
holocaust museum

Bucharest City Hall will pay to repair building facades

The Bucharest City Hall will cover expenses to repair building facades in the city, and building owners will be able to repay it in...
CVM

Romania gets new EC warning for excessive spending

The European Commission has found that Romania has not taken effective action following European Council's recommendation in June on excessive spending. The EC has now...
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