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.
Ten non-governmental organizations in Romania have issued a joint letter criticizing the executive for the emergency ordinance adopted on Thursday, January 16, which provides sanctions, including a turnover tax, for social media giants that fail to obey rules regarding electoral ads. Another government measure under fire from the opposition limits voting in the diaspora according […]
Dacia, part of the French Renault group, will launch several electric models to compete with Chinese brands for the affordable EV car market in Europe. The first electric model will be the next Sandero, which will appear sometime at the end of 2027, the brand's director, Denis Le Vot, said on Thursday, according to Reuters. […]
Happy 2025, dear Insiders, may it be a good year! And let it start with classics, some universal, some underground. Italian director Federico Fellini is one of the biggest names in the history of the medium. To say he was very influential is an understatement. He has his own adjective (Fellini-esque) while scenes from his […]
Romanian national airline Tarom announced the establishment of a new company, Tarom Tehnic, dedicated to providing maintenance and repair services for civilian aircraft, specializing in Boeing, Airbus, and ATR models. The new company is expected to generate revenues of up to EUR 10 million in its first year of operation, according to estimates from the […]
Romania has been named the special guest country at the 2026 Cairo International Book Fair, the Ministry of Culture announced. The event will coincide with the celebration of 120 years of Romanian-Egyptian diplomatic relations. According to the ministry, the news was shared by Dr. Ahmed Fouad Hano, Egypt's minister of culture, during a press conference […]
Bucharest has started implementing a special recycling project that directly benefits stray animals. In Tineretului, Floreasca, and Circului parks, eco-friendly vending machines have been installed to provide food and water for stray cats in exchange for recycling bottles and aluminum cans. “Street cats lead a hard life, especially in winter. Food is essential for their […]
