The government has initiated steps to acquire the stake held by the EBRD in operator of the Republic of Moldova's Giurgiulesti International Free Port Danube Logistics SRL."I want to particularly mention a memorandum adopted today by the government: the approval of the initiation of negotiations with the European Bank for Reconstruction and Development - EBRD, for the purchase by the Romanian state, through National Company Constanta Maritime Ports Administration, a trading company under the authority of the Ministry of Transport and Infrastructure, of the Danube Logistics SRL stake held by the EBRD," government spokesman Mihai Constantin said at the Victoria Palace on Wednesday.He also mentioned that a negotiation commission will be created to deal with this matter, which will include representatives of the Foreign Affairs Ministry, the Transport Ministry, and the Finance Ministry, tasked with opening negotiations with the European Development Bank for the acquisition of these shares so that the Romanian state acquires majority control over the Giurgiulesti Port, through National Company Constanta Maritime Ports Administration.
Square 7, part of retail park investor M Core, officially inaugurated its new Bucharest office last week, marking an important milestone for the company. More than 150 guests joined the event, including partners, collaborators, and team members. M Core is a family of property investment and management companies comprising LCP, Sheet Anchor, Proudreed, and Sheet […]
Real estate developer Hagag Europe Development has expanded its Romanian operations into the energy sector with the acquisition of BTD Distribuție și Furnizare, a local company specializing in natural gas infrastructure, distribution, and supply. The company has opened a new local division - Hagag Energy - and announced plans to invest more than EUR 400 […]
Romanian airline AnimaWings is considering incorporating Buy Now, Pay Later options in its travel offers, similar to the ones already popular in the retail sector, Profit.ro reported. The new ticket financing strategy would be a first in the local aviation market. “It is not yet practiced...
Renowned Romanian author Mircea Cărtărescu will tour the United Kingdom from November 18 to 20 to mark the publication of the English edition of his novel Blinding: The Left Wing, released by Penguin Books. The volume, translated by Sean Cotter, is the first part of Cărtărescu’s acclaimed Blinding trilogy. The tour, organized by Penguin Books […]
Ahold Delhaize, the owner of the local supermarket chains Mega Image and Profi, has appointed Xavier Piesvaux as country manager for Romania beginning January 1, 2025. Piesvaux, who was brand president of Mega Image from 2006 to 2015, will return to the country, where he will oversee the expansion of the company’s local brands Mega […]
Timișoara, Bucharest, and Cluj-Napoca occupy the top three positions in the “Perfect City 2026” ranking conducted by the Bucureștiul Meu website. The study, which analyzed the quality of life in 17 Romanian municipalities, took into account seven criteria: infrastructure, the medical system, air quality, access to nature, cultural activities, relative salary, and the financial index. […]
