Local entrepreneur Mihaela Neagu, who in 2022, through the investment vehicle Best Achiziții, took over the ailing sugar factory Bod in Brasov county (central Romania), reportedly failed to restore operations at the facility and will use the land for a real estate project instead, according to
Bucharest's Știrbei Palace is set to become Romania's first high-end retail destination, with Hagag Development Europe announcing its reopening for the second half of 2025. The building on Calea Victoriei will host some of the world's most prestigious brands, the developer said. Fashion houses such as Dior, Saint Laurent, Celine, Valentino Garavani, and Hermes will […]
US company Goodyear, one of the world's largest tire manufacturers, has appointed Romanian Octavian Velcan as the head of its Turkish subsidiary, one of Turkey's largest exporters. The Turkish branch of Goodyear operates deliveries nearing USD 2 billion, according to data analyzed by Profit.ro. ...
A study conducted by the Bucharest Community Foundation, through the Bucurestiul Pregatit/Bucharest Ready program, shows that 82% of residents believe that the Romanian capital is not ready for a major earthquake, making it a prime concern among city residents. Meanwhile, 59% of Bucharest residents consider earthquakes a major threat, ranking them as the second biggest […]
Endava (NYSE: DAVA), a global provider of digital transformation, has been selected as a partner in the Open Cloud for Research and Education (OCRE) 2024 framework. This EU-compliant procurement framework, administered by GÉANT, the collaboration of European National Research and Education Networks (NRENs), enables European educational institutions to access innovative cloud services, fostering digital transformation […]
Romanian justice minister Radu Marinescu said during an interview that Andrew and Tristan Tate, who left Romania after their travel ban was lifted, have every interest in returning to comply with judicial procedures. The two are investigated for human trafficking and other offenses, including rape. The minister argued that the brothers have always claimed that […]
A new investigation from independent journalists at Recorder shows that far-right politician Călin Georgescu, who routinely accuses American-Hungarian billionaire George Soros of meddling in Romanian politics, partnered with the...
