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PM Tudose at meeting with UK Ambassador: I am confident we’ll do applied work for Romanians in UK not to be affected by Brexit

July 18, 2017

Romanian PM receives congratulation letter from his British counterpart Theresa May   The Brexit negotiations and the development of the bilateral economic relations were the topics discussed on Tuesday at the meeting of Prime Minister Mihai Tudose with UK Ambassador in Bucharest Paul Brummell. According to a Government release, in the Brexit context, Prime Minister […]

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Dentons advises Electrica on landmark RON 3.1 billion syndicated loan

Global law firm Dentons has advised Societatea Energetică Electrica S.A. and its subsidiaries Electrica Furnizare S.A. and Distribuție Energie Electrică România S.A., on a RON 3.1 billion (approximately €622,7 million) syndicated loan agreement destinated to refinance part of their existing bank exposure and support capital investments in the renewable energy production segment. The syndication was […]

US-based healthcare startup founded by Romanian acquired by Function Health

Function Health, a personal health platform offering accessible annual lab testing, has acquired Ezra, the developer of FDA-cleared AI technology that makes full-body MRI scanning faster and more affordable. Ezra was founded by Romanian Emi Gal. Following the acquisition, the company will launch a full body MRI that cuts scan time from 60 minutes to […]

Exchange rate climbs past RON 5/EUR threshold amid post-election turmoil

The National Bank of Romania (BNR) announced on May 6 an exchange rate of RON 5.0378 /EUR. This is a 1.21% increase on the previous RON 4.9775/EUR exchange rate and the first time it has exceeded the RON 5 threshold, marking a historical high.  The exchange rate stood at an average of RON 4.97/EUR last […]

Oxygen launches Oxygen Media, a new specialized media planning & buying agency

Oxygen announces the launch of Oxygen Media, a dedicated media planning & buying agency led by Cristian Costache as Senior Partner. The new agency complements Oxygen’s existing integrated communications structure, which spans advertising, digital & social media, influencer marketing, events & consumer engagement, content production, PR, public affairs, employer branding, sustainability & CSR. Oxygen Media […]

Russian ideologue close to Vladimir Putin praises Romanian far-right presidential candidate

Russian political philosopher close to the Russian presidency, Aleksandr Dugin, issued several messages in support of Romanian presidential candidate George Simion, who repeatedly opposed supporting Ukraine. Dugin portrayed Simion positively in a number of messages, calling him a champion of “real people.”  "Simion has gained in Romania. Globalists either kill him, or cancel the results […]

Romania’s Cluj-Napoca announces metropolitan train project

Local authorities in Cluj-Napoca, Romania’s second-largest city and a vibrant IT hub, approved a partnership agreement with the Romanian Railway Company CFR for the implementation of the metropolitan train project. Longtime Cluj-Napoca mayor Emil Boc, cited by ournalists at Actualdecluj.ro,...