Minister of Transports Ioan Rus aims to make all companies under the institution turn profit, adding that he has business experience and his education in this area is German. “My target is to make all companies under the Ministry of Transports make profit, considering that most of them have incurred losses, a situation which is [...]
Finnish company Nokian Tyres inaugurated its passenger car tire factory in Oradea, Romania, on September 19, a project with a total value of EUR 650 million. The new facility operates without utilizing any fossil energy, making it the world's first full-scale tire factory with zero CO2 emissions. The factory inauguration marks the completion of a […]
The judges of the High Court of Cassation and Justice decided on Friday, September 20, to send the case targeting the Romanian Revolution of 1989, in which former president Ion Iliescu faces charges of crimes against humanity, back to the Military Prosecutor's Office to correct certain irregularities in the indictment. On June 14, another Supreme […]
The ranking of the best-selling cars in Europe was led by Dacia Sandero in August, a particularly notable achievement given it occurred in a declining market. The Romanian-made model has been the leader since the beginning of the year, missing the top spot for only two months and ranking second instead during that time. On […]
The internationally acclaimed exhibition "Bearing Witness", created by two-time Pulitzer Prize-winner, photographer Muhammed Muheisen, and Howard G. Buffett, Chairman and CEO of the Howard G. Buffett Foundation has officially opened in Romania. As the country stands on the edge of the ongoing conflict at its borders, the exhibition takes on a deeper meaning, bringing to […]
The 3000-year-old Dacian gold bracelet auctioned during the September 17 event at the Cesianu-Racoviță Palace in Bucharest will be exhibited at the Brukenthal National Museum in Sibiu, the A10 by Artmark auction house announced. The spectacular piece of jewelry was purchased for EUR 35,000 (from a starting price of EUR 7,000) by an art and […]
Polish PragmaGO, a leading non-bank provider of SME finance in CEE, started its international expansion from the Romanian market through the acquisition of an 89% shareholding in Telecredit IFN SA (operating under the brand name Omnicredit) from investment company Reconstruction Capital II Limited (RC2) and Elisa Rusu, Telecredit's CEO, for an initial consideration of EUR […]
