Romanian sports betting group Superbet, set up and still controlled by Sacha Dragic, received a EUR 1.3 billion refinancing package from leading global investment funds Blackstone and HPS to boost its technology base and expand in Brazil.
Blackstone took over a minority stake in Superbet with a EUR 175 million contribution in 2019 and remains a shareholder while HPS Investments is joining the business for the first time.
“The solid financial foundation that our company has allows...
Romanian president Nicușor Dan reaffirmed Romania's continued support for Ukraine and commitment to strengthening bilateral relations during a meeting with Ukrainian president Volodymyr Zelensky on the sidelines of the B9 summit held in Vilnius on June 2. "Romania will continue to stand with Ukraine and further deepen bilateral ties for the benefit of the two […]
A realistic deadline for forming the new government is two weeks from now, Romania's president Nicușor Dan said, speaking at a press conference in Vilnius on June 2. A fiscal consolidation plan agreed by the tentative ruling majority would be ready within several days, he added, according to G4media.ro. ...
The technical working group formed by Romania’s four parties negotiating the formation of a governing coalition is drafting a series of cost-cutting measures aimed at reducing public expenditure,
Ilie Bolojan, the interim leader of the National Liberal Party (PNL) but also his party's expected nominee for the prime minister seat, said that the Liberals are giving priority to cutting expenditures as a way to achieve fiscal consolidation, but hiking taxes is nearly unavoidable. "We will support a package of measures in which the […]
Swedish safety systems manufacturer Holmbergs has filed for bankruptcy for its Romanian operations, abandoning a previously planned reorganisation, Profit.ro reported on June...
CFR Călători, the state railway operator in Romania, will launch its seasonal Trenurile Soarelui (Sun Trains) program on June 13/14, providing direct daily rail connections between major Romanian cities and the Black Sea resorts. Running through September 6/7, the program includes 54 direct trains, 32 of which are additional summer services introduced to support increased […]
