The air carrier ‘Blue Air,’ controlled by Nelu Iordache, was put on sale, with 5-6 investors being interested by the offer, informed sources close to the low-cost airline. Investors interested by Blue Air can submit offers and letters of bank reliability until April 20, the company announced, confirming the news about the sale of the [...]
Fifty NGOs and civic groups, along with the Bucharest Environmental Platform, have drawn up an open letter calling on Romania’s Ministry of Environment, Waters, and Forests to urgently approve the Management Plan for the Văcărești Natural Park in Bucharest. They say the plan has been pending approval for nearly a year. The non-profits noted that […]
AROBS Transilvania Software (BVB: AROBS), the largest technology company listed on the Bucharest Stock Exchange, reports consolidated turnover of 306.2 million lei as of September 30, 2024, with an EBITDA of 43.4 million lei and a net profit of 16.1 million lei. “If at the end of 2023 we anticipated potential stagnation in the automotive...
KingsRock Advisors, the global independent financial advisory firm, said it is expanding its European Union operations by opening an office in Stockholm and appointing top bankers to develop its EU business. Mihai Ionescu, former CEO of Deutche Bank Romania, will coordinate KingsRock’s Eastern European operations from Bucharest. With a long career in investment banking, Ionescu […]
In the first nine months of the year, MedLife recorded a consolidated pro-forma revenue of over RON 2 billion (EUR 400 mln), an increase of 24% compared to the same period in 2023. As these results confirm the upward trend from the first half of the year, MedLife is expected to become, probably, the first […]
A cultural project running between August to September 2024 saw volunteer postmen in the south of Romania discover and document over 400 old houses. The project, titled “Postmen and Houses in Codrii Vlăsiei," implemented by the National Company "Romanian Post" (CNPR), in partnership with the "Romanian Post" Foundation, and the Monumente Renăscute Association, covered more […]
Romanian companies Questo, Steepsoft AI, and Ascendia are among the fastest-growing technology startups in the region, being included in the main category of the 2024 Deloitte Technology Fast 50 Central Europe ranking. In addition, eight other local startups have also been recognized regionally. Questo,...
