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KPMG: 71% of financial directors in Romania consider outdated technology a drawback for profitability

May 2, 2018
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French giant Vinci acquires Romanian energy solutions provider EnergoBit Group

Vinci Energies, a global player in energy and information technology services, will acquire Romanian energy solutions provider EnergoBit Group as part of its expansion in Central and Eastern Europe. The acquisition agreement between the founders of the Cluj-based EnergoBit - Stefan Gadola, Pál Péter, and Ioan Socea -and representatives of Vinci Energies was signed on […]

Bucharest’s Titan industrial platform to be put up for public auction starting at EUR 16 mln

The Titan Heavy Machinery (Mașini Grele) industrial platform in Bucharest’s District 3 will be put up for public auction, as part of the insolvency procedure, with a starting price of EUR 16 million. The assets include a 47,286 sqm plot of land, industrial halls with a total area of 34,870 sqm, an office building (Basement […]

Trains in Romania travel at an average of 44 km/h due to a lack of investments, union says

Railway unions in Romania criticized the government’s plans to cut costs for the national railway operator, CFR, in a press release published on Wednesday, July 23. They say that low investments in rail infrastructure have lowered the average speed at which passenger trains travel to 44 km/h, while freight trains do not exceed 17 km/h.  […]

Video mapping show marks start of effort to revamp derelict Bucharest cinema

A video mapping show is scheduled to take place this Friday, July 25, at Cinema Marconi, a former cinema hall in Bucharest which has been lying in ruins for years. The building is located at the intersection of Calea Griviței and Atelierului Street, in the city's historical Buzești-Berzei area. The event, organized by the non-profit Arcen, will […]

Over two-thirds of Romanians use health monitoring devices, PwC report shows

Roughly 69% of respondents to the Voice of the Consumer 2025 survey conducted by PwC Romania use apps or smart devices, which have influenced their daily habits, with a third even stating that they have significantly changed their lifestyle.  The use of health monitoring devices, such as smartwatches or glucose monitors, shows that Romanians are […]

Western Romania: Oradea Pride March to take place despite City Hall opposition, organizers say

The Oradea Pride March will take place, even though Oradea City Hall has "banned" the event, according to the organizers, the ARK Oradea Association. Oradea City Hall denied ARK’s request to hold the march, citing public works and other public gatherings on each of the 11 proposed routes. No alternative routes were proposed, but the […]