09.30.2024

NEPI Rockcastle, the largest owner, developer and manager of shopping centers in Central and Eastern Europe and the largest shopping mall owner in Romania, has acquired the Magnolia Park Shopping more

06.06.2024

Investment in production machinery and military equipment in Romania surged by 80% in 2023 compared to the pre-pandemic period, well above the EU average of 30%, totaling EUR30 billion, or nearly 9% more

05.20.2024

In 2023, European Union Member States imported 163,700 tons of natural honey worth a total of EUR359.3 million, from countries located outside the EU bloc, as per data released by the European more

04.15.2024

The largest oil producers in the European Union in 2022 were Italy (4.5 million tons), Denmark (3.2 million tons) and Romania (3 million tons), data from Eurostat, the statistical office of the more

01.10.2024

Alternative investment fund PAG Private Equity, focused on the Asia-Pacific area, has taken over the majority stake in Food Union Europe, a Lithuanian-held company that also owns Romanian ice cream more

12.04.2023

The European Commission has approved EUR33.9 million from the European Union Solidarity Fund (EUSF) to support Romania in addressing the extensive damages caused by droughts and wildfires in 2022. more

09.18.2023

Uni Systems, a strategic partner in the field of information technology and communications for financial institutions, public institutions and telecom operators in the European region, which offers more

05.25.2023

The COVID-19 crisis prompted a surge in the digitalization efforts of EU firms, with more than half (53%) of EU firms taking steps in 2022 to enhance their digital presence, such as offering services more

02.16.2023

Fourteen European exchange groups, present in twenty-six Member States of the EU, have today announced a joint initiative to participate in the future selection process for the provision of a more

08.18.2022

The annual inflation rate in the European Union was 9.8% in July 2022, up from 9.6% in June 2022 and from 2.5% in July 2021. In Romania, the annual inflation was 13% in July 2022, in line with data more

07.28.2022

Artur Cirjevski, CEO of Food Union Group in Europe, a group that owns Alpin 57 Lux, a maker of ice cream, frozen vegs and bakery products, says the group has carried out large investments in Romania more

05.24.2022

Visa and Western Union have concluded a partnership in Germany and Romania, with the launch of WU+, the new integrated digital banking and international money transfer app. more

09.29.2021

The National Union of Insolvency Practitioners in Romania (UNPIR) has elected Niculae Balan for a new term as president, for a four-year period. more

07.07.2021

Food Union, a Latvian food manufacturing and wholesale group, has reached a holding of 96% in Romanian ice cream maker Alpin 57 Lux based in Alba county, Confidas.ro data showed. more

09.21.2020

Latvian food production and distribution group Food Union, which owns 80% in ice cream producer Alpin 57 Lux in Alba County, says there has been a change of mentality and behavior due to the COVID-19 more

07.17.2020

Romania ranks ninth in the European Union regarding the evolution of the main indices of capital markets at the end of the first half of 2020, the Bucharest Stock Exchange said in a statement Friday. more

07.16.2020

The European Commission said on Thursday it is providing EUR118 million for Romania to finance reconstruction works and feasibility studies for ten major railway, water and road infrastructure more

05.23.2018

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11.02.2017

Automobile Dacia trade union will organize a rally of approximately 8,000 people from several factories in Arges county, trade union leader Ion Iordache said Thursday. more

10.19.2017

Some 4,000 healthcare workers rallied Thursday in Romanian capital Bucharest to express dissatisfaction with the unitary pay law, which they say leads to inequities and discrimination within the more

09.19.2017

In 2018, when Romania celebrates 100 years since its Great Union, its gross domestic product could reach EUR200 billion, beating Greece’s or Czech Republic’s. more

02.08.2017

Latvian group Food Union, majority shareholder of local ice-cream producer Alpin57 Lux, received financing of EUR214 million from investment fund PAG, one of Asia’s leading funds, managing assets more

04.19.2016

Romanian ice cream producer Alpin57Lux, based in Alba Iulia (central-western Romania), signed an association agreement with Latvian dairy group Food Union, and the new joint-venture will support the more

10.15.2015

Western Union wants to focus on developing electronic channels for money transfers whose global share currently reaches 5%, but the growth rate is higher than the cash-to-cash rate, said Gabriel more

06.19.2015

Western Union Company, MasterCard and Banca Transilvania closed a deal that will enable remittances originated from nearly anywhere across the globe to be received on Maestro and MasterCard consumer more