* US$ 8.5 million in EBRD financing for high-tech wing component plant The European Bank for Reconstruction and Development (EBRD) is boosting Romania’s fast-growing manufacturing sector with a US$ 8.5 million loan to Sonaca as the aerospace company expands its operations in Romania. With the EBRD funding, the firm will build a plant in north-western […]
The agro-industrial conglomerate Trans-Oil Group, one of the largest players in the Black Sea region, with a focus on the Republic of Moldova but also active in Romania, Serbia, Turkey, and Asia, is analysing a possible listing on the Bucharest Stock Exchange as part of its strategy to diversify its financing sources, according to
Romania's state-owned airline Tarom reported a gross profit of RON 292.3 million (nearly EUR 60 million) for 2024, marking its first major turnaround after several consecutive years of financial losses, Economica.net reported. The improvement follows the implementation...
Sameday, the second-largest courier company in the Romanian market, controlled by the eMag group, has invested EUR 80 million over the last year, with funds directed towards technology, regional development, strengthening operational capacity, and expanding the easybox locker network. The investments come in the context of a 20% increase in the company's revenues in the […]
The initial public offering organized by Romanian cold cuts and ready-made meals producer Cris-Tim at Bucharest Exchange ended on October 29 at the lowest end of the target range envisaged by the issuer, namely RON 16.5 per share, according to
The United States remains committed to Romania as a trusted NATO ally and strategic partner, US Ambassador to NATO Matthew Whitaker said on Wednesday, October 29, following Washington's decision to reduce its troop presence in the country. Defense minister Ionuț Moșteanu noted that around 800 US troops will be pulled back primarily from the Mihail […]
Film festivals, Halloween events and a chamber music festival make for a busy weekend in Bucharest, while Brașov hosts a horror and fantasy film fest.
