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Sales of new cars in Romania up 27% in April

Posted by on May 22, 2019 in NEWS | 0 comments

Sales of new cars in Romania up 27% in April

The sales of new cars in Romania increased by 11% in the first four months of this year compared to the same period in 2018, to nearly 57,500 units, according to the Automobile Producers and Importers Association (APIA). Sales to natural persons soared by 18.1%, according to Romania-Insider.com. The sales in April alone rose by 27.1% over April 2018, but this was due to different timing this year, compared to 2018, of the program of grants extended by the Government for the replacement of old cars. The sales were mainly driven by firms, which...

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Dedeman’s Paval brothers set up equity fund to invest in SMEs

Posted by on May 22, 2019 in NEWS | 0 comments

Dedeman’s Paval brothers set up equity fund to invest in SMEs

Brothers Dragos and Adrian Paval, the owners of Dedeman, a company estimated to be worth about EUR 2 billion, have announced that they are launching a new private equity fund called Equiliant Capital, which will invest in SMEs in Romania, according to Business-Review.eu. The fund will be fully backed by Paval Holding, which has a social capital of EUR 1 billion and represents the largest direct ownership by Romanian entrepreneurs (60 percent by Dragos Paval and 40 percent by his brother, Adrian). Equiliant Capital will be led by Laurentiu...

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Signs of crisis on Romanian real estate market: the number of transactions dropped by 22 pct in Q1 2019

Posted by on May 21, 2019 in NEWS | 0 comments

Signs of crisis on Romanian real estate market: the number of transactions dropped by 22 pct in Q1 2019

The number of transactions in the Romanian real estate market declined by by 22 percent year-on-year in the first quarter of this year to 116,109, according to Imobiliare.ro. The analysis shows that the drop can be a consequence of the fact that in January and February the First House (Prima Casa) government-backed programme didn’t start – and Prima Casa still covers a big part of the house market demand, according to Business-Review.eu. In Q1 2019, most of sale and purchase transactions took place in Bucharest (19,698 transactions),...

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Startup co-founded by Romanian wins TechCrunch hackathon in Paris

Posted by on May 20, 2019 in NEWS | 0 comments

Startup co-founded by Romanian wins TechCrunch hackathon in Paris

Myneral.me, a startup co-founded by Romanian Bogdan Gheorghe, has won the he TechCrunch Hackathon, held at the VivaTech in Paris, according to Romania-Insider.com. Myneral.me offers an all-encompassing platform for the metal and mining sector showing how a material went from initial discovery in the mine to the end product. The startup was established by Bogdan Gheorghe and Max Boender, from the University of Westminster, Start-up.ro reported. They won a prize of EUR 5,000. Read more...

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DJs all over the world vote Romania’s Untold among their top 10 favorite festivals

Posted by on May 19, 2019 in NEWS | 0 comments

DJs all over the world vote Romania’s Untold among their top 10 favorite festivals

Untold, Romania’s biggest electronic music festival, was voted by international DJs as their 8th favorite festival in the world, according to a survey by DJ Mag, according to Romania-Insider.com. “To celebrate the start of another jam-packed festival season, we thought it’d be fun to see which fest is best. Rather than ask for public opinion this time, however, we put the questions to the DJs themselves, asking hundreds of jocks from the Top 100 DJs, Alternative Top 100 DJs, and a huge list of others from right across the dance music...

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Romanian bank adds cherries to its exchange rate amid these fruits’ very high prices

Posted by on May 19, 2019 in NEWS | 0 comments

Romanian bank adds cherries to its exchange rate amid these fruits’ very high prices

Local lender Banca Transilvania has included cherries in its Friday exchange rate, as an irony to the fact that these fruits are very expensive in this period, according to Romania-Insider.com. Imported cherries started selling in Romanian markets at the beginning of May for prices of up to RON 120 (about EUR 25) per kg,  Mediafax reported. Agri-food specialists say that this is nothing else but pure market speculation while the Romanians started making jokes on social media about the fruits’ extremely high prices. In this context,...

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Votul Meu: A new tool lunched in Romania

Posted by on May 18, 2019 in NEWS | 0 comments

Votul Meu: A new tool lunched in Romania

The Center for the Study of Democracy in Romania has launched the independent vote matching tool, Votul Meu, ahead of the European elections, says EuropeanInterest.eu. The interactive tool aims to match political preferences between parties and potential voters for the European elections, based on political parties’ campaign messages. The purpose of My Vote is to help people identify the party that best suits their own political preferences and allow them quick access to the positions of all parties in these crucial choices. My Vote is a...

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Romanian constructor to build Brasov airport terminal

Posted by on May 17, 2019 in NEWS | 0 comments

Romanian constructor to build Brasov airport terminal

Brasov County Council announced the winner of the tender for the construction of the passenger terminal of the Brasov International Airport, the first airport to be developed in Romania since the fall of communism 30 years ago, says Romania-Insider.com. The winning company is Constructii Sibiu, which asked for RON 145.27 million (EUR 30.6 mln) to complete the works, Economica.net reported. The other three bidders were Austrian Porr’s local subsidiary, an association of Romanian firms (from Bog’art and UTI groups) and another Romanian...

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Romanian IT company opens office in Chicago

Posted by on May 16, 2019 in NEWS | 0 comments

Romanian IT company opens office in Chicago

Romanian software services company Fortech has opened a flagship sales and consultancy office in downtown Chicago. It will support its U.S. clients, which make up about 45% of the company’s commercial portfolio, according to Romania-Insider.com. The office will accommodate a multidisciplinary team of the company’s technology architects, consultants or client executives, “who work with U.S. clients and prospects on all things digital.” The offer for the U.S. market spans the end-to-end spectrum of the software life-cycle from business...

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IAA Romania opens its first regional hub in Cluj

Posted by on May 15, 2019 in NEWS | 0 comments

IAA Romania opens its first regional hub in Cluj

The business community of Cluj will have this month a new association dedicated to companies and specialists in marketing and communication industry (MarComm), advertising agencies or mass-media, but also to students, according to Business-Review.eu. The International Advertising Association – IAA Romania expands in May in Cluj and prepares projects for the marketing passionate people in Transylvania. IAA Romania represents the biggest and most representative professional association in the Romanian marcomm industry and represents the...

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