The German company VTG Rail, a subsidiary of VTG, specialized in logistics operations and management of railway assets, enters the Romanian market through the acquisition of E-P Rail and CER Fersped, companies owned by businessman Radu Gheorghiu, according to Club Feroviar. Sources close to the transaction say that the operation is in the final negotiation phase. The estimated value of the transaction would be around 40 million euros, according to an evaluation of the two companies by an appraiser from the Big Four. The transaction price was not disclosed. One of the agreed clauses is to keep the current company manager and shareholder Radu Gheorghiu in the companies for at least three years after signing the contract. The E-P Rail operator will have a competitive advantage in the market following the access to the wagon fleet owned by the largest profit management company in Europe, VTG Rail. E-P Rail was established in 2013 and has subsidiaries in Slovakia, Slovenia, Hungary, Austria and Germany. CER Fersped, the other company taken over, has been operating as a private rail freight operator since 2004. The company’s main customer is the EP Rail Group.
British heavy metal band Iron Maiden will perform at Bucharest’s National Arena on May 28, 2026, as part of their “Run For Your Lives” anniversary world tour, promoter Emagic announced on Thursday, September 18. The concert will feature a career-spanning setlist highlighting defining moments from the group’s five-decade history, accompanied by what organizers described as […]
Three-quarters of Romanians believe that the war in Ukraine affects Romania to a very great and fairly great extent, according to the third edition of the Informat.ro barometer by INSCOP Research, carried out between September 1 and 9. The monthly survey, which aims to bring to public attention topics of interest, shows that “opinions are […]
Daniela Schoppmeyer, the majority shareholder and general manager of Faberrom, a company that took over in the 1990s most of the spaces of the former APACA clothing factory in western Bucharest, is the new owner of half of the emblematic Scala residential block, on Magheru Boulevard, Profit.ro reported. Schoppmeyer...
The Bucharest Municipal Parking Company (CMPB) inaugurated 189 new parking facilities with more than 12,400 spaces in the first half of 2025, while revenues from parking fees rose 20% year-on-year to RON 50.4 million (roughly EUR 10 million), the company said on Thursday, September 18. CMPB reported a net profit of RON 28.3 million for January–June […]
Romania has inaugurated underwater seagrass meadows and artificial reefs in the Black Sea as part of a major restoration project aimed at curbing erosion and reviving marine biodiversity, the National Administration “Apele Române” said. More than 20 hectares of seabed have already been planted with Zostera noltii seagrass and transplanted with Cystoseira barbata seaweed, creating […]
A former pastor from California has been accused of sexual abuse and child trafficking at a shelter he ran in Bucharest, according to lawsuits filed by two Romanian men in the California District Court, AP reported. The complaints, filed by 33-year-old Marian Barbu and 40-year-old Mihai-Constantin Petcu, reportedly say that former pastor and missionary of […]
