Austrian company OMV, the major shareholder of Petrom, sued the Romanian state in March 2017, at the International Court of Arbitration (an institution that is part of the International Chamber of Commerce – e.n.) in Paris, for breaching the provisions of the privatization contract regarding the recovery of environment investments, the oil company’s report for […]
Computer Generated Solutions (CGS), a global leader in outsourcing services, software applications, and AR/VR-based learning solutions, announced the appointment of Vladimir Sterescu as president of the Global Outsourcing Division. He becomes the first Romanian to reach a top position in CGS's global leadership structure. In his new role, Sterescu will oversee global teams comprising over […]
Databricks, a tech giant with two Romanians among its founders, secured USD 5 billion in funding from creditors such as Blackstone, Apollo Global Management Inc., and Blue Owl Capital Inc., marking the largest amount raised in the company's history. A group of banks, including JPMorgan, Barclays Plc, Citigroup Inc., Goldman Sachs Group Inc., Morgan Stanley, […]
Home sales increased in Romania with an annual rate of 6.6% in 2024, according to a report released by real estate consultant SVN Romania based on official statistics. The rise in Bucharest and the surrounding Ilfov county was 7.6%. Almost 169,000 residential units were sold last year in Romania, while home sales registered in the […]
Beginning in January 2025, Romania's armed forces have expanded their involvement in NATO's defense measures on the eastern flank by contributing personnel and military equipment to two additional battle groups. These are stationed in Slovakia, where Romania provides an anti-tank detachment, and Bulgaria, where a reconnaissance unit is deployed, the Ministry of Defence (MApN)
The Dacia Sandriders crew consisting of driver Nasser Al-Attiyah and co-driver Édouard Boulanger, representing Romanian car manufacturer Dacia at the famous Dakar Rally, secured the win in the ninth stage of the race. Nasser, 54, participated in six Olympic Games and won bronze in 2012 in Men's Skeet. This is his 21st Dakar Rally. Boulanger, […]
The Bucharest Tribunal has ruled to replace Andrew Tate's house arrest with judicial control in the ongoing case where he is investigated for the alleged sexual exploitation of 34 women. The decision is not final, according to News.ro. ...
