Timisoara mayor Dominic Fritz signed on Thursday a public-private partnership (PPP) with the World Bank's International Finance Corporation (IFC) for the construction of the new Timisoara Municipal Hospital in the northern part of the city, which will bring together all the hospital's departments, currently operating in 14 locations.Dominic Fritz pointed out that this is the only chance to have a new, modern municipal hospital in the next 10 years, as many of the current locations are in old buildings that will no longer be accredited."We will be looking, together with the IFC, for a private company to take on the construction and equipping of the hospital. The first tranche of money for the municipality will have to be transferred the day we get the key. We get rid of all this risk we have seen in the past: delays, cost increases, extra bids for the remaining works (...). We will have companies doing these kinds of projects all over the world," said mayor Dominic Fritz.The pre-feasibility study is expected to be completed in the coming months, something that will determine the number of beds in the new health facility and the estimated cost of building it.According to current estimates there will be between 300 and 500 beds, and costs will rise to EUR 120 million."We are very cautious with these figures, we will know them after the pre-feasibility study," said the mayor.The manager of Timisoara Municipal Hospital, Dr Daniel Malita, said that the institution's medical activity is currently being carried out in 14 locations, with patients having to travel to several locations every day for investigations.The Municipal Hospital presently has 1,018 beds, of which 66 are for one-day hospitalisation.According to the mayor, the collaboration of the city hall with IFC started two years ago, when the local elected representatives voted a resolution on the opportunity to initiate the necessary steps to achieve the new investment objective Timisoara Municipal Emergency Hospital, in the context of collaboration with IFC.
Representatives of the ruling Social Democratic Party, PSD, gathered for a congress in Bucharest on Friday, November 7, to elect new leadership and to amend the party’s Statute. The only candidate for party leader is Sorin Grindeanu, who held the interim position after Marcel Ciolacu's resignation in May. In his speech at the congress, Sorin […]
The e-commerce sector recorded strong early results on Black Friday 2025, according to real-time data released on Friday, November 7, by PayU GPO Romania from its dedicated Media Center. By 14:10, the payment processor reported successful transactions totaling RON 514 million (roughly EUR 101 million). PayU said shoppers had made roughly 889,000 purchases, with around […]
Contakt Express Logistik, one of Romania’s leading retailers of mobile phone and tablet accessories, with a network of over 235 stores, is set to launch the initial public offering (IPO) between November 12 and December 3, 2025. The company offers a wide range of products, including cases, screen protectors, chargers, and gadgets, both in physical […]
Romania attracts fewer international tourists today than it did during the communist era, making it the only country in Europe in this situation, the National Association of Travel Agencies (ANAT) warned, as reported by news agency Agerpres. According to the organization, Romania received more than 3.4...
InterCapital ETF, the first international ETF provider in Romania, will launch two new exchange-traded funds on the Bucharest Stock Exchange starting November 11, 2025. The new instruments are the InterCapital CROBEX10 TR UCITS ETF, which offers exposure to the Croatian blue-chip equity market by tracking the performance of the CROBEX10tr index, and the InterCapital EUR […]
The Competition Councils of Romania, Bulgaria, and the Republic of Moldova have granted the necessary authorizations and approvals for the completion of the transaction through which Maspex Romania takes over the majority shareholding of Purcari Wineries. The Maspex Group, which has been present in Romania for nearly 30 years, became the majority shareholder of one […]
