The manufacturer of household appliances Arctic opens in southern Arges county a regional spare parts hub that will supply 23 countries, as part of the Arcelik group's development strategy in Romania and the region, according to a company release.Located in Cateasca, Arges county, near the Pitesti-Bucharest highway (A1), the new warehouse has an area of 10,000 square meters and a storage capacity of 11,500 cubic meters. It became fully operational at the end of March and includes offices and functional areas for new employees.The hub will serve in the first phase 15 countries in the European Union and 8 outside the community bloc. The network will expand to include other European countries."The new regional hub established in Arges is still a proof of our commitment to Romania and of the special position it enjoys within the Arcelik group. Romania has a strategic role, at the intersection of three major markets, which makes it ideal both as a production hub and as an important center for coordinating logistics activities. At the same time, the opening of this warehouse is in line with our sustainability strategy, focused on reliable products with a high degree of repairing and on reducing the carbon footprint," said Murat Buyukerk, Arctic's Chief Executive Officer.The center will provide spare parts for all products sold by Arctic and Arcelik, mainly for the categories of refrigerators, washing machines, dishwashers and air conditioners.The pieces come from the two Arctic factories in Romania, Gaesti and Ulmi, from five Arcelik factories in Turkey and in China.
Representatives of the ruling Social Democratic Party, PSD, gathered for a congress in Bucharest on Friday, November 7, to elect new leadership and to amend the party’s Statute. The only candidate for party leader is Sorin Grindeanu, who held the interim position after Marcel Ciolacu's resignation in May. In his speech at the congress, Sorin […]
The e-commerce sector recorded strong early results on Black Friday 2025, according to real-time data released on Friday, November 7, by PayU GPO Romania from its dedicated Media Center. By 14:10, the payment processor reported successful transactions totaling RON 514 million (roughly EUR 101 million). PayU said shoppers had made roughly 889,000 purchases, with around […]
Contakt Express Logistik, one of Romania’s leading retailers of mobile phone and tablet accessories, with a network of over 235 stores, is set to launch the initial public offering (IPO) between November 12 and December 3, 2025. The company offers a wide range of products, including cases, screen protectors, chargers, and gadgets, both in physical […]
Romania attracts fewer international tourists today than it did during the communist era, making it the only country in Europe in this situation, the National Association of Travel Agencies (ANAT) warned, as reported by news agency Agerpres. According to the organization, Romania received more than 3.4...
InterCapital ETF, the first international ETF provider in Romania, will launch two new exchange-traded funds on the Bucharest Stock Exchange starting November 11, 2025. The new instruments are the InterCapital CROBEX10 TR UCITS ETF, which offers exposure to the Croatian blue-chip equity market by tracking the performance of the CROBEX10tr index, and the InterCapital EUR […]
The Competition Councils of Romania, Bulgaria, and the Republic of Moldova have granted the necessary authorizations and approvals for the completion of the transaction through which Maspex Romania takes over the majority shareholding of Purcari Wineries. The Maspex Group, which has been present in Romania for nearly 30 years, became the majority shareholder of one […]
