MoneyGram International, Inc., a global leader in the financial industry connecting communities worldwide, announces a new collaboration with Arsis Trading SRL, the largest independent telecommunications retailer in Romania, to extend access to both national and international money transfer options throughout the country. Through this collaboration, anyone can send and receive money using MoneyGram services at Arsis locations in Romania. All those in need of speed and security in using money transfer services now have over 140 new physical options throughout the country. Both incoming and outgoing cash transfers are facilitated in the local currency. “By collaborating with Romania’s largest independent telecommunications retailer, MoneyGram can expand its existing presence to offer customers in Romania more and more physical options to send and receive funds from loved ones anywhere in the world. As companies’ interest in using our global network is growing, we are excited about the interest and demand for our services and look forward to working with Arsis to expand and facilitate access to our fintech solutions throughout Romania,” said Marius Dobrescu, Head of Sales MoneyGram for Southern Europe. In Romania, both incoming and outgoing money transfers have seen growth in recent years. According to the World Bank, in 2022, consumers abroad sent over $11 billion to the country as personal remittances. In 2021, customers in Romania sent over $642 million to friends and family worldwide. As one of the leaders in money transfer in Romania, MoneyGram continues to expand its physical presence in the region to better meet its customers’ needs and provide the most convenient and straightforward experience for cash money transfers. “We are confident that this collaboration will bring significant benefits to both our customers who walk through our doors every day and those who wish to send or receive money globally. We aim to strengthen and expand MoneyGram’s presence by offering high-quality services,” said Daniel Florea, General Manager of Arsis Trading SRL. The collaboration is already active, and MoneyGram services are available at all Arsis locations.
Romanian prime minister Ilie Bolojan stated during an interview on Wednesday, December 17, that there should be no statute of limitations in cases of serious corruption. The statement comes after a Recorder investigation, which showed that several heads of the major institutions in the Romanian justice system allegedly delayed trials for years until wrongdoings were […]
President Nicușor Dan has challenged, before the Constitutional Court (CCR), the constitutionality of the law that requires that at least 40% of the athletes who play on a team in official national competitions be Romanian. Dan noted that the law violates the principle of non-discrimination and the free movement of workers, enshrined both in the […]
Craiova International Airport will open its new passenger terminal on Thursday, December 18, completing a major infrastructure investment aimed at significantly expanding capacity and improving air connectivity in southwestern Romania. It is part of a broader expansion and modernization project financed through the Large Infrastructure Operational Programme (POIM) 2014–2020, with a total value exceeding EUR […]
Romania is set to be connected to the Western European energy network thanks to grid investments worth EUR 30 billion. The funds will be provided by the EU by 2035, and the project will link Romania to Hungary and Austria in a joint project. Romanian energy minister Bogdan Ivan signaled the signing of the new […]
Franck Bagouet has been appointed managing director of TotalEnergies Marketing Romania SA and managing director of Automotive Southeast Europe Hub TotalEnergies Marketing. He succeeds Didier Grimault, who has accepted a new position within the TotalEnergies company. “I am glad to join this dynamic affiliate and confident that, together with our talented team, we will reinforce […]
Databricks, the data analytics and artificial intelligence company co-founded by Romanian professors Ion Stoica and Matei Zaharia, announced on Tuesday, December 16, that it is raising USD 4 billion in funding at a valuation of USD 134 billion, according to CNBC. The new valuation represents a 34% increase compared to the August round, when Databricks […]
