The Romanian banking system stability is threatened by the recent introduction of the “tax on greed,” which will significantly affect solvability and profitability of the banks and worsen things for the weaker ones, according to the country report for Romania issued by the European Commission (EC) on Wednesday. In the...
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Germany will provide more than EUR 500,000 this year to support teachers working in German-language education across Romania, the German Embassy in Bucharest announced. Through the Embassy, Germany is funding the project “Support for Teachers in German-Language Education in Romania” with a total of EUR 505,000. The initiative aims to promote the German language as […]
The British journalist and film producer Charlie Ottley, who is behind the Wild Carpathia and Flavours of Romania series, has obtained Romanian citizenship and is set to take the oath of allegiance this week. The National Authority for Citizenship announced that the oath will be taken by several foreigners on November 6. “The solemnity of […]
Romanian police and prosecutors conducted more than 200 searches across the country as part of the larger Jupiter 4 operation on Tuesday, November 4. The searches concern offenses like fraud, forgery of documents, counterfeiting, tax evasion, embezzlement, misappropriation of funds, and abuse of office, among others. “The Jupiter operation contributes to strengthening the efforts of […]
Evrotrust, a leading European Qualified Trust Service Provider (QTSP), has raised EUR 6.6 million in growth funding from 3TS Capital Partners to expand its operations in Romania. The investment, made from 3TS’s recently closed EUR 111 million Fund IV, will help Evrotrust bring EU-grade digital identity, e-signatures, and remote onboarding solutions to local businesses and […]
NATO secretary general Mark Rutte will make his first official visit to Romania on Wednesday, November 5, where he will be received by president Nicușor Dan at the Cotroceni Palace, the Romanian Presidency announced. The announcement comes after
AROBS Transilvania Software (BVB: AROBS), the largest technology company listed on the Bucharest Stock Exchange, announced the acquisition of a 65% majority stake in Sibiu-based engineering company Gess Engineering. Gess Engineering develops and implements complex vehicle testing, validation, and integration solutions. The company provides end-to-end services, from engineering and design, prototype testing, and performance analysis, […]
