The two founders and main shareholders of Romanian distribution group Aquila Part Prod (BSE: AQ) have transferred stakes worth 11.4% each to Cyprus-registered firms with no impact on the ownership structure, according to a company note to investors after the October 9 trading session.
The share transfer was operated under two deals, summing up to RON 358.9 million (EUR 70 million).
Alin Adrian Dociu reduced his stake from almost 22% to 10.6%, while the Cypriot company Napakate Limited...
Romania is one of six European countries recently selected to develop a new artificial intelligence and supercomputing center under the EuroHPC – AI Factories program. The project, known as the AI Factory, will be Romania’s first national AI infrastructure, marking a major step toward strengthening its digital and research capabilities. The initiative will be led […]
North Bucharest Investments announces a strategic partnership with the Adrian Mutu Football Academy, marking the beginning of a collaboration focused on developing sports among children and young people, health education, and promoting an active lifestyle. As part of this partnership, the two organizations are launching the North Bucharest Investments Cup, a youth football competition taking […]
Make IT in Oradea, a public-private initiative developed by the city to support tech entrepreneurship, has launched Startup Fortress, a year-round program offering tech founders access to infrastructure, funding, and networking. The program aims to attract talent and promote the local tech ecosystem through a paid residency designed for digital nomads and professionals interested in […]
Romania’s gross domestic product (GDP) registered a 0.3% increase in the second quarter of 2025 compared to the same period of 2024, and 2.3% on the seasonally adjusted series, according to the National Institute of Statistics. The seasonally adjusted GDP in the second quarter of 2025 is estimated at approximately RON 467.7 billion, showing a […]
Romanian cosmetics company Caress Society has announced plans to build a modern production facility in Filipeștii de Tîrg, Prahova County, with a total investment of RON 17.6 million (some EUR 3.5 million). The project will be co-financed through the Just Transition Program 2021–2027, with approximately 70% covered by EU funds and the rest from the […]
Romania ranks 36th globally by the size of central bank reserves, around USD 73 billion, according to The World Factbook, but based on 2024 data. The 36th place is the same as the country’s position by the size of its economy in the world, with GDP calculated at purchasing power parity. However, this year the […]
