The management of Simtel Team announces the opening of a new subsidiary in Essen, Germany. This initiative marks a strategic step in the Group’s international expansion, which began with the opening of a subsidiary in the Republic of Moldova in […]
GLGH Steel, LLC has agreed to purchase Artrom Steel Tubes S.A., the Romanian seamless steel tubes producer based in Slatina and Resita. GLGH Steel is a subsidiary of Great Lakes Global Holdings (GLGH), the investment company based in Chicago, Illinois. […]
FAN Courier, the leader of the Romanian courier market, ended 2024 with a turnover of 1.38 billion lei (approximately 280 million euros), up 12.5 percent compared to the previous year. Last year, FAN Courier opened new international offices, expanded and […]
Fuel distributor JT Grup Oil strengthens its position on the local market, in response to the growing demand for fuel storage and distribution capacities. The company has expanded its logistics capacity by another 4,000 tons, following an investment of approximately […]
The Minister of Energy, Sebastian Burduja, signed the financing contract worth almost 280 million RON for the modernization of the district heating network in the Municipality of Arad, through the Modernization Fund. Sebastian Burduja, Minister of Energy: “The signing of […]
Despite the challenging backdrop, marked by political and economic uncertainty, the Romanian land market reached a solid transaction volume of 450 million Euros in 2024, broadly comparable to the previous year, as per Colliers estimates. The real estate consultancy tracks […]
Ebury, the global financial technology firm that empowers small- and medium-sized businesses to trade and grow internationally, announces it has entered into an agreement to acquire ArcaPay, a Lithuania-based specialist provider of B2B cross-border payment solutions. The acquisition of ArcaPay, […]
“I believe that the most important thing that Romania has achieved since the Revolution is the fact that it joined the European Union and that, through many efforts and sacrifices, it is trying to build a free market. Unlike the […]
Official data provided by the National Agency for Cadastre and Real Estate Publicity (ANCPI) show that in December 2024, 18.7 percent more homes were sold in the capital than in November, more precisely 5,136 properties, compared to 4,326 units bought […]
“The capacity of the business environment to pay additional taxes has been exhausted. More cannot be done. There have been no spectacular inflows of direct investment into Romania, because we are no longer an attractive country. The Government should choose […]
