New deadline to build Pitesti-Sibiu highway, January 1, 2017 Premier Victor Ponta took part yesterday to the taking of office of the new under-prefect of Arges County, having the opportunity to meet the representatives of Dacia-Renault. Ponta announced the new deadline for Pitesti-Sibiu motorway as the beginning of 2017. ‘According to the Partnership Agreement with [...]
Jazz in the Park Festival returns to the “Romulus Vuia” Ethnographic Park in Cluj-Napoca for its 13th edition this summer, with a lineup featuring internationally renowned artists. The list includes Ibrahim Maalouf, Kokoroko, Biréli Lagrène, Seun Kuti & Fela’s Egypt 80, Alabaster DePlume, Mammal Hands, Transylvania Jazz Orchestra, Berti Barbera & Sebastian Burneci Quintet, Sorvina, […]
Holcim Romania has appointed Adina Pădurariu as the new director of the AAC (autoclaved aerated concrete) plant in Adjud, Vrancea county. Throughout her career at Holcim, she has held various positions, including Head of Laboratory and Manager of Production in the AAC department. Pădurariu is a graduate of the "Alexandru Ioan Cuza" Faculty of Chemistry […]
BoldMind Capital Partners announced the launch of BoldMind Fund I, a private equity fund with a capital of EUR 60 million investing in private companies in Romania, Bulgaria, and Croatia. The four founding partners of BoldMind Capital are Dragoș Roșca, previously the CEO of Gemisa Investments, Claudiu Negrișan, Florina Stancu, and Dan Nicolaescu. The largest […]
Home appliance producer Beko appointed Romanian Marius Mihăilescu as the new CEO for Romania, Moldova, Greece, Malta, and Cyprus, effective January 1, 2025. He replaces Murat Büyükerk, who concludes his seven-year tenure leading local operations and will pursue new professional opportunities, the company said. “I will continue to remain dedicated to this country, embracing a […]
Local officials in Sânmartin, a town in Bihor county, western Romania, announced the signing of a financing contract to construct the largest aquapark in the area, with 5,000 seats. The contract is valued at EUR 10 million. Sânmartin City Hall also handles the Băile Felix and Băile 1 Mai resorts, already known in Romania as […]
At the beginning of 2025, Standard & Poor's (S&P) signaled the potential downgrade of Romania's credit rating to junk status, triggering significant repercussions for its real estate market and investment landscape. This potential downgrade could impact investor sentiment and spark a notable shift from institutional to informal investors. Over the...
