Swisspod Technologies, a startup founded by Romanian Denis Tudor and Cyril Dénéréaz, announced a new round of EUR 200,000 on SeedBlink as part of a total funding round of EUR 7 million. The funds will be used to advance the development of hyperloop, a revolutionary high-speed transportation system that will change the future of passenger […]
Three more Dutch F-16 fighter jets landed in Romania on Wednesday, April 17, to be used at the European Training Center in Fetești. The local facility offers pilot training options for Romania, allied countries in the region, and Ukraine. According to the Romanian Ministry of Defense (MApN), Dutch minister Kajsa Ollongren arrived in Romania aboard […]
Protective disposable, limited-use protective industrial garments producer Lakeland Industries, with its headquarters in the US and production facilities in over 50 countries, announced it is taking over the Jolly Scarpe group that operates a unit in Romania. The target company produces in Romania, at a factory in Bucharest controlled by Minerva Manufacture de Chaussures from […]
Revolut, which already has 3.5 million clients in Romania out of the 40 million globally, announced it launched the refinancing facility in the country, which is also a global premiere. Revolut has provided unguaranteed loans for personal needs since August 2022 and has extended such loans to a total amount of RON 1.3 billion (EUR […]
Romania’s largest financial group, Banca Transilvania, through its subsidiary BT Asset Management, will manage the largest portfolio on the local asset management market after the BT Group takes over OTP Bank and its subsidiaries. At the end of February 2024, BT Asset Management was the fourth-largest player with assets worth RON 4.2 billion (EUR 840 […]
Romania's troubled flag carrier Tarom, the expansion of Constanta port, and a new terminal at Bucharest airport were on the list of investments discussed by prime minister Marcel Ciolacu during his visit to Qatar on April 16-17. The Romanian state would be interested in selling part of Tarom, which has incurred losses over the past […]
