The Romanian state owns 216 companies, which represent about 7% of the country's GDP, generated by these companies and 83,000 employees, said Mihai Calin Precup, secretary of state in the Ministry of Public Finance on Thursday, at “Roinvest”, an event organized by News.ro in partnership with Team Innovation Media and Plurivox, PR and communication agency. In the past months, the government decided to reduce the distribution of dividends to the central budget to back investments at the level of strategic companies. From among energy producing companies, he mentioned Romgaz, Nuclearelectrica and Antibiotice Iasi in the health sector, which benefited from dividend cuts from 90% to 50%, which led to a stock plus of 900 million lei for investments of those companies. “The government's role is to identify priority projects for Romania, to structure their financing and after that to leave private companies to manage and develop them. The government;s role is to make sure that the invested money had a multiplying effect, with higher impact on real economy,”the secretary of state added. He said that quality human resources are needed to get involved in national projects and in state institutions. “Roinvest”was organized by News.ro news agency, in partnership with Team Innovation Media and Plurivox PR and communication agency.
Profluo, a startup that automates a company's financial processes using AI, has attracted investment from corporate venture capital fund BCR Seed Starter, Inspire Capital, and other investors in a EUR 850,000 funding round. BCR Seed Starter, which led the round, invested EUR 500,000 in Profluo. The funding will support the company's plans to scale its […]
The Romanian film “Catane,” signed by Ioana Mischie, will have its world premiere at the International Film Festival of India, held annually in Goa. This year's edition is scheduled between November 20 and 28. The Romanian-Italian comedy stars Costel Caşcaval, Iulia Lumânăre, and Cristian Bota. The first screening of the film is scheduled for November 24. […]
CTP, a leading developer, owner, and manager of industrial and logistics properties, said that it delivered a new 65,000 sqm e-commerce fulfilment centre for LPP Logistics in CTPark Bucharest West. Construction of the building in the Bolintin-Deal area began in March 2025 and was completed in about half a year. According to CTP, “it stands […]
London’s New Bond Street has been crowned the world’s priciest retail destination for the first time, while Bucharest’s Calea Victoriei is in 39th place globally, according to Cushman & Wakefield’s latest Main Streets Across the World report. Rents in Calea Victoriei recorded the 3rd highest growth among the 50 analysed markets worldwide. Calea Victoriei, the […]
The European Commission announced earlier this week that it has selected four electrification projects developed by Romanian companies to receive funding of EUR 29.33 million from the Connecting Europe Facility fund. The CEF funding round involves a total of over EUR 600 million in EU grants, which will support...
Romania has won the international competition for a judge position at the UN Dispute Tribunal (or UNDT), with judge Adina Elvira-Ghiţă set to take over a seven-year term, according to the Ministry of Foreign Affairs (MAE). Romania secured 109 votes in the UN General Assembly during the international competition for filling a judge position at […]
