Italian group Artsana SpA decided to close down in November the factory it operates in northeast Romania, in Botoşani, according to documents consulted by Economica. It employs 261 people there and produces parts for the global group Chicco. The...
Believe, one of the world's leading digital music companies, acquired a 25% stake in Global Records, a top independent record label founded in 2008 by Romanian Ștefan Lucian. Global Records represents top artists such as INNA, Minelli, Carla's Dreams, Antonia, Holy Molly, DJ Project, Irina Rimes, and more, and is on its active route to global expansion.
Romania-based Global Records secured physical presence in Germany, but also in US via the Honua Music Group subsidiary, a division...
Italian group Artsana SpA decided to close down in November the factory it operates in northeast Romania, in Botoşani, according to documents consulted by Economica. It employs 261 people there and produces parts for the global group Chicco. The...
Zalakerámia, a Hungarian ceramic tile maker part of the Austrian group Lasselsberger, is considering moving some production facilities from Hungary to Romania, most likely to Cluj, where the Austrian group already owns production facilities, Profit...
The Polish electronic recycling group Polish Elemental Holding entered the Romanian market by taking over an 80% stake in the small-sized local player, ACC Recycling Services. It also announced it is developing a EUR 20 million factory in Deva, according to Ziarul Financiar. The project is partly financed...
Two Romanian electricity utility companies, Electrica (BVB: El) and Renovatio Trading, will receive EUR 6.4 million in grants under a EUR 103 million scheme financed under the National Recovery and Resilience Plan (PNRR) to develop power storage capacities of 130MWh. The Romanian electricity distributor and supplier Electrica (BVB: EL) will receive EUR 3.4 million for […]
The new European Commission must come up with "a much more sustainable approach for the car industry" because otherwise, in the next two years, a large number of jobs will be lost, Romanian prime minister Marcel Ciolacu said on October 17. The Romanian prime minister emphasized that the engine of the European economy is this […]
The city of Timişoara, in western Romania, and the World Monuments Fund (WMF) signed on Thursday, October 17, the memorandum of understanding for the rehabilitation of the Fabric Synagogue. The synagogue is the only historical monument in the country that the New York-based WMF included in 2022 on the list of cultural sites whose preservation […]