German automotive wiring manufacturer Leoni has announced plans to reduce the workforce at its factory in Bistriţa, central Romania, two months after it closed a smaller production unit in the country.
Leoni will cut its workforce by 10%, impacting approximately 360 employees out of its 3,600-strong team.
This decision is driven by a significant drop in orders for electric vehicles (EVs).
"In the economic context generated by the drastic decline in orders...
Romanian companies Questo, Steepsoft AI, and Ascendia are among the fastest-growing technology startups in the region, being included in the main category of the 2024 Deloitte Technology Fast 50 Central Europe ranking. In addition, eight other local startups have also been recognized regionally. Questo,...
IMMO GURU, a company that rents its own real estate as short-term and long-term accommodation, was listed on the AeRO market of the Bucharest Stock Exchange on November 14, under the ticker IMMO. IMMO GURU is the fifth company listed on the Romanian stock exchange from the beginning of the year and the fourth on […]
The City Hall of Brașov announced that artificial snow production has started in Poiana Brașov, preparing the slopes for the upcoming ski season. Snow cannons and lances were activated on Friday morning, November 15, as temperatures reached -6 degrees Celsius at the top of Postăvaru Massif. “Considering the favorable weather conditions, with low temperatures in […]
On Thursday, November 14, the European Commission decided to refer Romania and Bulgaria to the Court of Justice of the European Union for failing to fully comply with the obligations regarding collection and treatment established in the Urban Waste Water Treatment Directive. Untreated or uncollected wastewater can endanger human health and pollute lakes, rivers, soil, […]
The big prize of the Romanian Lottery's 6/49 game was won on Thursday, November 14. The winning ticket, which brought almost EUR 9.6 million (RON 47.7 million) to the lucky player, was played at an agency in Galaţi and featured 630 combinations and one "noroc" play, costing a total of RON 4,413, the Romanian Lottery […]
New record: sales of RON 1.14 billion in the first 9 months, higher by 6.4% compared to the same period in 2023 Normalized net profit increase of 66.3% compared to 9 months 2023, to RON 71.4 million, almost 90% of the normalized profit of the entire previous year EBITDA margin reached 11.3% in the first […]
