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Youngest Catholic Bishop: Father Cristian Dumitru Crisan

Posted by on Jan 26, 2020 in NEWS | 0 comments

Youngest Catholic Bishop: Father Cristian Dumitru Crisan

Holy Father Pope Francis agreed on the canonical election made by the Synod of Bishops of the Romanian Church United with Rome, Greek-Catholic, through which Father Cristian Dumitru Crişan, 38, was elected Auxiliary Bishop of the Archdiocese of Alba-Iulia and Făgăraș (Romania); Father Crisan thus became the Youngest Catholic bishop, according to the World Record Academy. The date and place of the episcopal consecration of the Father Cristian Dumitru Crișan will be established later. The Holy Father attributed to Father Cristian...

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Startup acceleration program BCR-InnovX launches in western Romania

Posted by on Jan 25, 2020 in NEWS | 0 comments

Startup acceleration program BCR-InnovX launches in western Romania

BCR-InnovX, the technology business acceleration program run by Romania’s second-biggest financial group – BCR, will run an incubation program in Cluj-Napoca, in western Romania, to cover the entrepreneurs in the region of Transylvania, according to Romania-Insider.com. The program will be organised in partnership with IT solutions provider Arobs Transilvania Software. It will cover three incubation stages, with 20 places available for entrepreneurs in the region. The best start-ups from the incubation programs will be selected in the...

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Romanian investor pours EUR 5 mln in autonomous robots factory

Posted by on Jan 24, 2020 in NEWS | 0 comments

Romanian investor pours EUR 5 mln in autonomous robots factory

Braintronix, a company based in Cluj-Napoca active in the field of research and development, will invest EUR 5 million in a production unit of industrial robots in the Eurobusiness II Oradea industrial park, on a land area of 20,000 sqm, according to a press release of Oradea City Hall quoted by Ziarul Financiar. The project involves the construction of a production hall, technological lines where robots will be produced, and offices. At least 40 people, mostly engineers, will be hired, according to Romania-Insider.com. The project initiated...

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Banksy exhibition comes to Budapest

Posted by on Jan 23, 2020 in NEWS | 0 comments

Banksy exhibition comes to Budapest

After Istanbul, Amsterdam, Antwerp, Melbourne, Auckland, Toronto, Berlin, Bucharest, Cluj-Napoca and Paris, Banksy, the worldʼs most famous graffiti artist, will finally be on display in Budapest, according to Budapest Business Journal. “The Art of Banksy” will present the art of the “unknown genius” through about 70 works, organized by the Godot Institute of Contemporary Art, from February 1 at Tesla Loft (1075 Budapest, Kazinczy u. 21.) For years, the domestic audience has been waiting for an exhibition of Banksyʼs...

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The Night of Ideas brings debates, exhibitions to several cities

Posted by on Jan 22, 2020 in NEWS | 0 comments

The Night of Ideas brings debates, exhibitions to several cities

The Night of Ideas, an event organized by the French Insitute on January 30, will bring a series of debates, exhibitions and workshops to Bucharest, Cluj-Napoca, Iaşi, and Timişoara, says Romania-Insider.com. This year, the theme of the event is etre vivant, a word play on ‘being alive’ and ‘alive being’, the organizers explained. The ambiguity is a wanted one since the Night of Ideas is first of all an invitation to reflecting on various topics and not a meeting with experts who hold the truth and simply present it to the...

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Romania to exit deal with Chinese company for new nuclear reactors

Posted by on Jan 21, 2020 in NEWS | 0 comments

Romania to exit deal with Chinese company for new nuclear reactors

Romania’s Government will exit the deal with the Chinese partner for the construction of reactors 3 and 4 at the Cernavoda nuclear power plant, prime minister Ludovic Orban announced in an interview with Hotnews.ro. “It is clear to me that the partnership with the Chinese company is not going to work,” Orban said, adding that the Government has already started to look for a new partner and financing for this project, according to Romania-Insider.com. He also said that all the new projects in Romania’s energy sector will depend on the...

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CBRE releases the “Romania Office Destinations” research report

Posted by on Jan 21, 2020 in NEWS | 0 comments

CBRE releases the “Romania Office Destinations” research report

According to the “Romania Office Destinations” report, conducted by the research department at CBRE Romania, at the end of the third quarter of 2019, Bucharest reached a total area of 3.16 million square meters of modern office spaces, in the context of a total population of 2.1 million and an unemployment rate of 1.3%, according to Business-Review.eu. Hosting 32 universities, both public and private, Bucharest produces over 170,000 graduates each year, contributing to the city’s appeal as a destination for companies looking to extend...

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Ford emerges as second brand on Romanian car market

Posted by on Jan 20, 2020 in NEWS | 0 comments

Ford emerges as second brand on Romanian car market

The market share of Ford on the Romanian car market (including passenger cars and commercial vehicles) reached 8.58% in 2019, and the number of registrations reached 16,168 units, the company said in a statement released last week, according to Romania-Insider.com. The U.S. car producer, which operates a factory at Craiova, in southern Romania, was thus the second-largest player on the market (after local producer Dracia), the largest foreign brand, and the leader of the commercial vehicle segment. On the passenger cars segment, Ford held a...

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Igloos replace Romania’s ice hotel as warm weather hinders construction

Posted by on Jan 19, 2020 in NEWS | 0 comments

Igloos replace Romania’s ice hotel as warm weather hinders construction

The Ice Hotel built yearly at Bâlea Lake, in central Romania’s Făgăraș Mountains, will be replaced this year by an igloo village because of the unfavorable weather conditions, says Romania-Insider.com. Because of the warm weather, the builders are unable to extract ice from the Bâlea Lake; instead, they will build igloos made out of snow. It is the first time in 15 years that the ice hotel cannot be built. The hotel, which is usually fully booked during the winter season, was supposed to open before Christmas. The construction works...

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Fitch affirms Romania’s Banca Transilvania at ‘BB+’, outlook stable

Posted by on Jan 19, 2020 in NEWS | 0 comments

Fitch affirms Romania’s Banca Transilvania at ‘BB+’, outlook stable

Fitch Ratings said it has affirmed the long-term issuer default rating (IDR) of Romania’s Banca Transilvania at ‘BB+’, with a stable outlook, and the bank’s viability rating (VR) at ‘bb+’, according to SeeNews.com. The IDRs of Banca Transilvania are driven by its standalone creditworthiness as reflected in its VR, Fitch said in a press release on Thursday evening. The VR is underpinned by the bank’s strong domestic market franchise, resilient through-the-cycle profitability and adequate capitalisation,...

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