Garanti BBVA Romania announced the financing of Peștera Wellness & Spa, the first 5-star hotel located in the Peștera-Padina tourist resort in Bucegi Mountains, with a loan of EUR 5 million. The bank supports Grupul Industrial Alca SRL, the company behind this investment.
Peștera Wellness & Spa Hotel officially opened its doors to tourists in December 2024, marking a significant milestone as the first 5-star accommodation in Dâmbovița county. The hotel was built in less than...
A team of international researchers has uncovered two new species of dinosaurs in Romania's Hațeg Basin, part of the UNESCO Global Geopark Țara Hațegului, the University of Bucharest announced. The discovery, led by Dr. Verónica Díez Díaz from the Museum für Naturkunde Berlin, sheds new...
Romania's opposition party Save Romania Union (USR) has called on defence minister Angel Tîlvăr to clarify how a company with alleged ties to Russian oligarch Oleg Deripaska was awarded a contract for the construction of NATO's largest military base in Europe at Mihail Kogălniceanu. The party has raised concerns over national security and urged an […]
According to the global leading index provider FTSE Russell, all 11 Romanian companies included in FTSE Global All Cap and FTSE Global Micro Cap indices, dedicated to Emerging Markets, kept their places within these global indices. Moreover, the shares of Aquila Part Prod Com (AQ), Arobs Transilvania Software (AROBS), and Sphera Franchise Group (SFG) companies […]
Vodafone Romania has completed the full acquisition of iSys Professional Ploiești, a provider of car fleet monitoring solutions operating under the iTrack brand, according to Profit.ro. The company's services will be integrated into Vodafone's...
Danish renewable energy developer Eurowind Energy has completed the installation of eight Siemens Gamesa SG 6.6-170 wind turbines at the Pecineaga wind farm in Constanța County, marking the deployment of the largest wind turbines in Romania, according to Economica.net. The turbines, each with a 170-meter...
The Romanian banking system’s aggregated profits increased by 5.4% y/y to RON 14.0 billion (EUR 2.8 billion) in 2024, after it contracted by 19.2% y/y to RON 2.35 billion (EUR 473 million) in Q4, according to calculations based on profitability ratios published by the National Bank of Romania (BNR). The return on assets (ROA) ratio […]
