The European Bank for Reconstruction and Development (EBRD) and Romanian FMCG transporter Aquila have agreed to the terms of a EUR 5 mln loan extended by the bank along with an option to buy shares of up to another EUR 5 mln from the group's founders - C?t?lin Vasile and Alin Dociu. The financing package thus amounts to EUR 10 mln. The proceeds from the loan will enable Aquila to finance the expansion of its portfolio of brands (currently including 'Gradena' refrigerated vegetables and 'Yachtis' refrigerated fish and seafood), new warehouse automation, a new ERP system, as well as other working capital and capital expenditures needs, the EBRD says in a press release. These investments will improve the reach of Aquila's brands, as well as improve warehouse productivity and help the company enhance its digitalisation. Aquila Part Prod Com (Aquila) is the largest FMCG distributor in Romania and the Republic of Moldova, delivering to 67,000 selling points. It operates a network of 14 distribution centers and a fleet of over 1,600 vehicles. The company's turnover reached EUR 370 mln in 2020, according to Ziarul Financiar.
The United States has approved a USD 130 million grant to finance the construction of a high-voltage power line linking Moldova to Romania, a project officials said would strengthen the country’s energy security and deepen ties with Washington. The 190 km Strășeni–Gutinaș line will connect Moldova to the European electricity grid. It will complement the […]
It’s a busy weekend in Bucharest, as the city gears up for its annual celebration, film and theater festivals bring the latest productions, and new exhibitions are opening.
The 16th edition of Les Films de Cannes, the festival showcasing productions awarded or selected at the Cannes film festival, returns this fall to Bucharest and four other cities in the country. The winner of this year's Palme d'Or, Jafar Panahi's It Was Just an Accident, will be screened at the event, as will be […]
Răsvan Angheluţă Natural Sciences Museum in Galaţi is scheduled to reopen on September 20, after the completion of modernization works worth over 15.1 million lei (approximately EUR 3 million) carried out by the County Council through the recovery and resilience facility PNRR. The building hosts an Aquarium, an Astronomical Observatory, a Planetarium, and temporary exhibitions. […]
A team of Romanian paramedics won first place at the World Rescue Challenge 2025, a competition that sees first responders and trauma teams from around the world develop new skills and share knowledge. This year, the competition took place in Karlovac, Croatia, and was attended by two Romanian paramedics from Bucharest who have been working […]
Artmark, one of Romania’s leading auction houses, registered record sales of over EUR 15 million despite economic instability, showing the growth potential of the national art market, according to the company’s 2024-2025 market report. Overall, auction sales totaled EUR 11 million, up 8.2% compared to the previous year, while sales through the “Dependent de Artă” […]
