Real estate developer Grand Development, founded and coordinated by Ionuț Nicolescu, closed a partnership with Radisson Hotel Group to open a five-star villa resort near the popular mountain city of Brașov under the upper-scale Radisson Blu brand. The opening date was set for the last quarter of 2026.
Radisson Blu Grand Mountain Resort is already under construction on a 2.6-hectare mountain meadow near Brașov, in the immediate vicinity of a secular forest in the Carpathian Mountains,...
Romania's flag carrier Tarom announced on July 3 the signing of the leasing contract for the purchase of two Boeing 737 MAX 8 aircraft with CDB Aviation, the Irish subsidiary of China Development Bank Financial Leasing Co., Ltd. The new MAX planes, scheduled to be delivered between December 2025 and January 2026, will support...
Romania was eliminated from the EURO 2024 football tournament hosted by Germany after a 0-3 defeat to the Netherlands on Tuesday, July 2. After some 20 minutes of Romanian domination, the Netherlands unexpectedly scored. While not losing stem immediately, Romania failed to recover and missed some good opportunities in the first half of the game, […]
The tender held by the chemical company Chimcomplex Borzești for the construction of a 108 MW gas-fired cogeneration (combined heat and power) plant in Râmnicu Vâlcea, a project financed under the National Resilience Facility (PNRR) was canceled, according to Economica.net. ...
The Japanese Bank for International Cooperation (JBIC) will co-finance the Resilience Venture Capital Fund (Recovery Equity Fund or REF) in Romania through one of its subsidiaries in Poland, Romanian authorities announced, quoted by Economica.net. ...
Romania's competition body, Consiliul Concurentei, approved the deal by which Romania's leading financial group, Banca Transilvania (BVB: TLV), takes over the local subsidiaries of Hungarian group OTP, according to Profit.ro. Banca Transilvania's market share by assets will reach 22%-23% after the deal,...
The Romanian Photovoltaic Industry Association (RPIA) and the Romanian Wind Energy Association (RWEA) representing producers, developers, service providers, and equipment suppliers in the renewable energy sector, asked the Romanian government to provide more predictability in the allocation of public support for their projects. The joint statement of the associations comes after government officials hinted that […]
