The German company VTG Rail, a subsidiary of VTG, specialized in logistics operations and management of railway assets, enters the Romanian market through the acquisition of E-P Rail and CER Fersped, companies owned by businessman Radu Gheorghiu, according to Club Feroviar. Sources close to the transaction say that the operation is in the final negotiation phase. The estimated value of the transaction would be around 40 million euros, according to an evaluation of the two companies by an appraiser from the Big Four. The transaction price was not disclosed. One of the agreed clauses is to keep the current company manager and shareholder Radu Gheorghiu in the companies for at least three years after signing the contract. The E-P Rail operator will have a competitive advantage in the market following the access to the wagon fleet owned by the largest profit management company in Europe, VTG Rail. E-P Rail was established in 2013 and has subsidiaries in Slovakia, Slovenia, Hungary, Austria and Germany. CER Fersped, the other company taken over, has been operating as a private rail freight operator since 2004. The company’s main customer is the EP Rail Group.
The RO e-Transport system is a key component of the digitisation effort of the National Agency for Fiscal Administration (NAFA). Launched as part of an extensive strategic plan, this system is fundamental to modernising and streamlining tax processes in Romania. By implementing the RO e-Transport system, NAFA's main objective is to reduce the VAT gap […]
Romania recently sent aid to the Gaza Strip through the maritime corridor from Cyprus and the new jetty constructed by the US in the northern part of the Palestinian enclave. The country is also set to receive and treat Palestinian children. Romania’s aid, which includes over 88,000 canned food items, is part of the effort […]
Bucharest mayor Nicușor Dan received donations amounting to EUR 400,000 in the pre-electoral campaign, out of which EUR 100,000 from the Save Romania Union (USR), he explained at a press conference where he evaluated his mandate. Dan is running as an independent for a second mandate, backed by the United Right Alliance (ADU), made up of the […]
Romania’s Financial Supervisory Authority (ASF) has withdrawn the operating license of FAST Brokers after the company's head was arrested. Last year, the brokerage company won a three-year bid with the Romanian Army. Additionally, FAST Brokers won, as the sole bidder, the life insurance policies for Navy soldiers, valid until October 27, 2025. To motivate its decision, […]
The airport serving Oradea, in northwest Romania, inaugurated a new terminal on Saturday, May 18. Covering an extended area of 12,500 sqm, it doubled the airport’s capacity to 800 passengers per hour. Under the same project, digitized systems were introduced to facilitate passenger and baggage processing, a smart building management system was implemented, and the […]
A ship navigating under the Tanzanian flag sank on Saturday morning, May 18, in the Black Sea, after colliding with another 26 nautical miles from the Romanian coast. Eight crew members were rescued, but three were reported missing. At the time this news was published, the searches were suspended. The representatives of the Constanţa Court […]
