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MerchantPro: In 2023, Black Friday turned into Black Week. On Friday, sales remained stagnant, but weekly overall sales increased by 13.5%

November 14, 2023

MerchantPro: In 2023, Black Friday turned into Black Week. On Friday, sales remained stagnant, but weekly overall sales increased by 13.5%   The most significant increase occurred on Saturday, with +20% growth in the number of orders. Beauty and Sport emerged as the standout segments, experiencing substantial increases during the......

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President challenges new law requiring 40% of sports teams to be made up of Romanians

President Nicușor Dan has challenged, before the Constitutional Court (CCR), the constitutionality of the law that requires that at least 40% of the athletes who play on a team in official national competitions be Romanian. Dan noted that the law violates the principle of non-discrimination and the free movement of workers, enshrined both in the […]

Southwestern Romania: Craiova International Airport inaugurates new passenger terminal

Craiova International Airport will open its new passenger terminal on Thursday, December 18, completing a major infrastructure investment aimed at significantly expanding capacity and improving air connectivity in southwestern Romania. It is part of a broader expansion and modernization project financed through the Large Infrastructure Operational Programme (POIM) 2014–2020, with a total value exceeding EUR […]

Romania to be connected to Western Europe’s power grid

Romania is set to be connected to the Western European energy network thanks to grid investments worth EUR 30 billion. The funds will be provided by the EU by 2035, and the project will link Romania to Hungary and Austria in a joint project.  Romanian energy minister Bogdan Ivan signaled the signing of the new […]

TotalEnergies Marketing Romania has new managing director

Franck Bagouet has been appointed managing director of TotalEnergies Marketing Romania SA and managing director of Automotive Southeast Europe Hub TotalEnergies Marketing. He succeeds Didier Grimault, who has accepted a new position within the TotalEnergies company. “I am glad to join this dynamic affiliate and confident that, together with our talented team, we will reinforce […]

Romanian-founded data and AI giant Databricks announces new USD 4 bln funding, increased valuation

Databricks, the data analytics and artificial intelligence company co-founded by Romanian professors Ion Stoica and Matei Zaharia, announced on Tuesday, December 16, that it is raising USD 4 billion in funding at a valuation of USD 134 billion, according to CNBC.  The new valuation represents a 34% increase compared to the August round, when Databricks […]

NEPI Rockcastle appoints Romanian Marius Barbu as Chief Operating Officer

NEPI Rockcastle NV, Europe’s third largest listed retail real estate company by portfolio value, has appointed Romanian Marius Barbu as Chief Operating Officer (COO) with effect from April 1, 2026. He will succeed Marek Noetzel, current COO and CEO-designate.  Barbu has also been nominated as a Board Director and will stand for election at the […]