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  • Romania’s Romgaz enters exclusive negotiations with ExxonMobil for Black Sea project June 18, 2021
    Romanian state-controlled gas producer Romgaz (SNG) has entered exclusive negotiations with US oil group ExxonMobil for its stake in the Neptun Deep offshore gas project in the Black Sea. The exclusivity agreement is valid for four months, until October 15, 2021, Romgaz said in a note to investors. If the two sides reach an agreement, […]
    andreich
  • BestJobs survey: A quarter of Romanian employees would prefer to continue working remotely June 18, 2021
    The easing of the COVID-19 restrictions brought into question the employees’ possible return to the office after more than a year of working from home or other spaces where they felt safe and comfortable. According to a survey by the BestJobs recruitment platform, almost a quarter (24%) of Romanian employees would prefer to continue working […]
    irina.popescu0
  • Romania’s Techcelerator launches program for tech startups that want to attract SEED investments of up to EUR 1 mln June 18, 2021
    Techcelerator, the most active accelerator in Romania for technology startups, announced the launch of a new program designed to prepare tech startups to attract SEED investors and raise successive rounds of investments of up to EUR 1 million. The 1M Investment Readiness Program targets technology startups from Romania and South-Eastern Europe that are preparing to […]
    irina.popescu0
  • Romanian car brand Dacia unveils new visual identity, including new logo June 18, 2021
    Romanian car manufacturer Dacia has revealed its new visual identity on Thursday, June 17, which was designed “for a modern, more digital brand, yet still true to its DNA.” The brand has a new logo and new emblem, as well as a new colour scheme, built around khaki-green, which “evokes the brand’s closeness to nature.” […]
    irina.popescu0
  • Romania's Constitutional Court says ordinary courts can not dismantle Special Section June 18, 2021
    The Romanian Constitutional Court published the reasoning behind its June 8 ruling, by which the Special Section for magistrates (SIIJ) can be dismantled only by the Parliament - and not by ordinary courts as argued by some of the magistrates and actually attempted by a county Court of Appeal already, G4media.ro reported. Those arguing on […]
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  • Romanian ruling coalition's members disagree on another key topic June 18, 2021
    The speaker of the Chamber of Deputies, the president of the senior ruling Liberal Party (PNL) Ludovic Orban, said on Thursday, June 17, that "there is no consensus among the ruling coalition's members" regarding the Romexpo real estate project in Bucharest CBD - a EUR 300-500 mln deal by which 46ha of land would be […]
    iuliane
  • Works can start on Sibiu-Pitesti motorway section June 18, 2021
    The Romanian authorities issued the building permit for section 5 of the Sibiu - Piteşti motorway, namely the 30-kilometre section between Curtea de Argeş and Piteşti, the Minister of Transport, Cătălin Drulă, announced on Facebook on Thursday, June 17. "We have just issued the building permit for lot 5 of the Sibiu-Piteşti highway. It is […]
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  • MedLife’s pharma division gets permit for takeovers June 18, 2021
    The Romanian Competition Council approved the transaction through which Pharma Life Med, part of MedLife group, takes over the group of companies CED Pharma, Monix Farm and Leti-Farm 2000, according to a Council’s statement quoted by Agerpres. The companies are operating in the pharma retail market. Pharma Life Med, a member of the Med Life […]
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  • S Immo buys two office buildings in western Bucharest from Skanska June 18, 2021
    The Swedish company Skanska sold for EUR 97 mln the Campus 6.2 and Campus 6.3 office buildings in Bucharest to the Austrian developer S IMMO AG, which also owns Sun Plaza in the Romanian capital. This is the first acquisition of S IMMO AG from Skanska and, at the same time, the largest transaction of Skanska […]
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  • Market regulator says troubled Romanian insurer City can survive if nobody panics June 18, 2021
    For the troubled Romanian insurer to survive, it is important that intermediaries do not give up selling City Insurance policies and that the Dutch investment vehicle I3CP, financed mainly with Greek money, does not scrap plans to fully purchase Vivendi International company, the majority shareholder of City Insurance. The same message had been expressed to […]
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