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President Iohannis underscores need for energy legislation stability to OMV Petrom delegation

September 27, 2016

President Klaus Iohannis on Tuesday welcomed a delegation of the OMV Petrom oil and gas company headed by the company’s CEO Rainer Seele. The Presidential Administration says in a press statement that presented at the meeting were OMV Petrom’s development guideline in the current economic context, special consolidation opportunities in the region as well as […]

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Romanian startup Remote Butler attracts EUR 50,000 in first funding round

Remote Butler, an IT startup founded in 2022 in Cluj-Napoca, attracted investments worth over EUR 50,000 in its first round of financing from private investors. This comes on top of the company’s initial investment of EUR 40,000 in developing the app that allows registered waiters to practice their profession regardless of their location. Ciprian Costea, […]

First bear-resistant bins in Romania installed in Transylvania town

Several bear-resistant bins, the first of this type in Romania, were put into use at Băile Tuşnad resort in Transylvania with the intention of keeping bears from rummaging through the leftovers. Bear-proof shelters, also necessary for human-bear cohabitation in many Romanian towns, have not been installed yet. "These have been tested on bears in Slovakia, […]

District 4 City Hall plans new airport south of Bucharest

District 4 of Bucharest will set up a company together with the neighbouring Giurgiu county local authorities to develop a new airport under an investment estimated at EUR 2 billion, announced district’s mayor Daniel Baluta - expected to hold his seat after the local elections this June. The results of the pre-feasibility study will be […]

Revenues of Romanian telecom operators stagnate at EUR 3.4 bln in 2023

The revenues generated by the telecommunications operators in Romania stagnated at RON 16.9 billion (EUR 3.4 billion) in Romania amid diverging dynamics of the number of subscribers in separate segments, according to a report published by the National Authority for Communications Administration and Regulation (ANCOM).  Out of the total, fixed and mobile internet generated 37% […]

Romania’s e-commerce market up 10% y/y to EUR 7 bln in 2023

The value of goods purchased by Romanian customers from local and foreign online stores increased by 10% y/y to EUR 7 billion in 2023, according to the estimates of GPeC, ARMO, and the main players in the sector quoted by Profit.ro. This amount...

Romanian households’ installed photovoltaic capacity matched that of PV parks

The capacity of the PV panels installed by Romanian households (prosumers) reached 1,554MWp at the end of February, according to the head of the market regulating body ANRE, George Niculescu, and reached 1,650MWp currently, according to sources quoted by Economica.net. The figure nearly matches the capacity of the dispatched PV parks...