RAFINOR, Romania’s only gold refinery and the leader in the precious metals processing industry, and MAGNOR, the holding company that owns the most diversified trading platform for gold, electronics, and pre-owned luxury products, have entered into a strategic partnership to facilitate the purchase of investment gold directly from Romania. This partnership between two Romanian-owned companies brings significant benefits to investors and anyone interested in investment gold as a safe-haven asset. Purchasing gold directly from Romania ensures greater transparency in transactions, lower costs, and increased security for buyers. Additionally, it supports the local economy and promotes the development of a strong industrial sector for precious metals in Romania. “We are pleased that through our partnership with MAGNOR, we can offer investors of all levels the opportunity to purchase gold directly from Romania, from a reliable source with 100% Romanian ownership. RAFINOR allows Romanians to invest locally, with the guarantee of a premium product, thus supporting the circulation of precious metals within the national economy. Through MAGNOR, RAFINOR has begun distributing the first gold bars produced in Romania,“ said Claudiu Diaconu, CEO and majority shareholder of the Romanian precious metals refinery. “This partnership represents a major step forward for Romania’s gold market. Together with RAFINOR, we offer a reliable and advantageous solution for all those who want to invest in gold without depending on external sources,“ said Cosmin Popovici, CEO of MAGNOR. According to Claudiu Diaconu, the strategic partnership with MAGNOR marks a significant milestone in the company’s development. As a result, RAFINOR, Romania’s first modernized precious metals refinery, will deliver EUR 10 million worth of investment gold bars to its main commercial partner in 2025. This move further strengthens RAFINOR’s leadership position in the industry, leveraging both its experience in the international sector and its state-of-the-art refinery technology. The majority shareholder of Romania’s leading precious metals processing company highlights that significant investments have been made not only in modern technology but also in employee training. The RAFINOR team benefits from continuous training alongside technical specialists from Turkey and Italy, two of the world’s most important hubs for precious metals processing. RAFINOR supplies its main retailer with investment gold bars that stand out for their high-quality finish and guaranteed purity, certified by European-accredited laboratories. Each bar is individually packaged and inspected before shipping. The 24K gold bars range from 2.5 g to 50 g, with the latter being the most in demand among investors. “Through this collaboration, we aim to increase trust in Romania’s gold market and offer customers the most accessible and secure alternative for purchasing investment gold bars,“ added Claudiu Diaconu. He further emphasized that RAFINOR’s strategic objectives for 2025 include consolidating its status as a key player in Romania’s precious metals industry, providing premium products, and establishing strong, long-term partnerships. The CEO also aims to diversify the portfolio of distributor partners for investment gold bars. Shortly, the company is open to new collaborations with retailers looking to contract precious metals production. At the same time, RAFINOR is focusing on attracting new corporate clients interested in selling used gold, silver, platinum, and palladium to the refinery—materials that can no longer be reintroduced into circulation for end consumers. The acquired metals are then refined and used as raw materials for jewellery, dental technology, the automotive industry, green energy, photovoltaic panels (in granule or sheet form), and investment gold for end consumers.
The second stage of the international Grand Chess Tour, one of the most important chess tournaments in the world, will take place in Bucharest from May 7 to May 16. The first stage of will take place in Warsaw, Poland. However, the event’s opening will take place on May 6. In addition to these two, […]
Voxxed Days Bucharest 2025 concluded the 2025 edition on 27th March, after two days of successful workshops and conferences. "I'm grateful we managed to bring together 300 developers and tech team leaders again this year, in a conference dedicated to a passionate developer community. It was a significantly bigger effort than in previous years, given […]
Romania’s civil shelters, which are to be used to protect people in the event of armed conflict, are few, unsanitary, and largely obsolete in terms of equipment, according to a report by the Court of Accounts. The audit conducted by the Court of Accounts on the situation of civil...
The organizers of music festivals Untold and Neversea have signed an agreement with the Bucharest City Hall to organize a "mega-festival" in the capital this year. The large-scale project is set for a pilot edition this year, with plans to have it "grow year by year." It will take place at Arena Naţională. The talks […]
Around 61% of Romanians say they have been the target of online fraud attempts, the most common consequences being the infection of the device with malware or viruses (42%) and the loss of money (30%), according to the latest study conducted by Reveal Marketing Research. Of those who have been targeted, 39% have experienced such […]
Showpad, active in AI-driven revenue enablement technology, announced the official launch of its Research and Development center in Bucharest. With headquarters in Ghent (Belgium) and Chicago (US), Showpad is "strategically positioning its new R&D center to tap into the rich talent pool and burgeoning technology ecosystem of Romania." It also underscores Showpad's dedication to accelerating […]
