Sales of new cars in Romania up 27% in April

Sales of new cars in Romania up 27% in April

May 22, 2019

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...

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

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

May 22, 2019

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...

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

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

May 21, 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...

Startup co-founded by Romanian wins TechCrunch hackathon in Paris

Startup co-founded by Romanian wins TechCrunch hackathon in Paris

May 20, 2019

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...

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

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

May 19, 2019

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,...