According to the head of state, the Black Sea gas deposit might start being exploited “sometime during 2015-2017.President Traian Basescu said yesterday, during a visit on the sea drilling ship Deepwater Champion operated by ExxonMobil, that Romania has the prospect of total energy independence and might be a source of gas not just for itself, [...]
Romanian startup rentnbuy.com, a proptech platform connecting tenants and landlords, has officially launched on the local market after securing a EUR 550,000 pre-seed investment at a valuation of more than EUR 5 million. The company said it plans rapid expansion across Central and Eastern Europe, Ziarul Financiar reported. The platform, which...
Romania is set to transfer to Ukraine the 23rd military aid package since the start of the war, according to Ukrainian defense minister Denys Shmyhal. Romania “has already provided Ukraine with 22 military aid packages, and soon our soldiers will receive the 23rd,” the minister said in a Facebook post, without giving details about what […]
Romania is among the European countries with the lowest share of employees working overtime, according to data from Eurostat, the European statistics office. Therefore, in 2024, only 1.8% of Romanian employees aged between 20 and 64 declared that they had worked overtime. At the European Union level, 6.6% of employees worked long hours in 2024,
The Social Democrats (PSD) expressed discomfort with plans of their ruling coalition partners, PNL and USR, considering a joint candidate for the Bucharest mayoral elections, who would defeat their potential candidate that tops the polls at this moment. PSD leader Sprin Grindeanu even said such an option would result in the collapse of the ruling […]
ROCA FP, a consortium formed by Romanian investment consultant ROCA Investments and Luxembourg-based fund manager IRE AIFM HUB, has set out an ambitious growth plan for Fondul Proprietatea (FP) after emerging as the preferred candidate in the fund’s ongoing management selection process,
Green Tech International (BVB: GREEN), a company that supplies geothermal water in Călimăneşti-Căciulata and the only stock listing this year on the Bucharest Stock Exchange, recorded a net profit of RON 0.59 million at a consolidated level in H1 2025, down 63% compared to the same period last year. The operating income decreased by 18% […]
