Author: Alexandru Popescu

The CEO of the eMAG Group, Tudor Manea, explained on Wednesday at a press conference the reasons why the group decided to lay off 31% of its total workforce by early 2026. Tudor Manea said the layoffs came after the company observed a decline in consumer spending and anticipated a more challenging economic environment in the coming years. According to him, the company began preparing measures as early as last summer to cope with a possible „shock.” „Last year, in August, we saw this downward trend in consumption stemming from the fact that real income is falling, and we waited…”

Romania is one of the countries with the weakest results in adopting renewable energy in the transport sector, and the year 2035 is considered much more feasible for achieving the current decarbonization commitments set for 2030, stated Sorin Elisei, state secretary at the Ministry of Energy, on Wednesday. „The current crisis and those that will follow will confirm, at least this is my conviction, some of the decarbonization trends through distancing from fossil fuels that are not under the control or responsibility of member states, at least when we talk about the European Union. However, this requires massive investments. We are one of the most...

The European Bank for Reconstruction and Development (EBRD) has launched the InvestEU Portfolio Risk Sharing Facility in Romania, marking a major step forward in mobilizing sustainable private and public investments across the country. Through InvestEU guarantees, the EBRD expects to mobilize an additional €270 million in green financing from banks for individuals and companies in Romania, ensuring much-needed energy savings and carbon emission reductions. The guarantees will be available to a wide range of borrowers – from individuals to large corporations – and will unlock financing…

Consumer goods brands are no longer competing just for visibility, but to be chosen. According to the report „The EY State of Consumer Products,” based on a survey of more than 850 senior executives in the consumer goods sector and interviews with over 20 leaders worldwide, 71% of respondents agree that structural disruptions make rapid transformation essential, but the reality is that most organizations remain unprepared for this change. The report highlights how artificial intelligence (AI), platforms, and retail ecosystems are reshaping the way demand is created and…

Southeast Europe is no longer just a transit region, but is becoming a strategic logistics gateway, given its enormous potential in shaping the future of European and Eurasian trade, said FIATA President Thomas Sim on Monday, at the opening of the South East European Freight Forwarders Congress (SEEFF x FIATA REU Field Meeting 2026). „This event is much more than a regional congress. It represents a strategically important event for our industry. It reflects the recognition that, in today's interconnected and uncertain world, regional logistics challenges can no longer be solved in isolation. Supply chains are now deeply interdependent..."

Fitch Ratings has upgraded Banca Transilvania's long-term issuer default rating (IDR) from „BBB-” to „BBB,” one notch above the country rating. As a rule, a bank's rating does not exceed the rating of the country in which it operates because macroeconomic and political risks influence the entire financial system. As it finances companies and the population, a bank is directly influenced by GDP growth, inflation, interest rates, government policies, and fiscal stability, the credit institution announced. ”Fitch has updated its assessment criteria for certain banks in Central and Eastern Europe, including Banca Transilvania. The new assessment criteria highlight BT's resilience..."

ISW (Interactive Software), a software technology company with entirely Romanian capital and a market leader in the Ground Forces segment, announces it has surpassed the threshold of 50 command posts equipped with command-and-control software platforms delivered to the Romanian Army and over 4,000 operational command-and-control workstations on tactical platforms, in command posts, and for the individual soldier. In addition to these, ISW has five major programs underway in partnership with global integrators such as GDELS, L3Harris, Otokar, and Leonardo DRS, along with two research and development programs funded by the European Defence Fund (EDF). All these systems run on the BC2A® suite, ISW's flagship product, developed…

Electrica announces the completion of the AIAE (Artificial Intelligence for Active Energy Management) project, developed in partnership with the Romanian startup Renergia and the Technical University of Cluj-Napoca. This marks the launch of Romania's first intelligent energy management system for buildings and introduces a new model for managing energy consumption focused on data, automation, and advanced analysis. The platform has processed over 48 million data sets, and its development involved over 1,000,000 lines of code, demonstrating the solution's complexity and maturity level. At the same time, the initiative also included a research and professional training component...

PPC delivered a strong performance in the first quarter of 2026, with adjusted EBITDA of €0.7 billion and adjusted net profit, after deducting the amount attributable to minority shareholders, of €0.2 billion, laying a solid foundation for the rest of the year. The significant increase in profitability reflects the growing contribution of major investments made in recent years, while favorable hydrological and wind conditions prevailing in the first quarter of 2026 also contributed positively. The Group’s investments totaled €0.5 billion, of which €821 million was allocated to renewable energy (RE) projects, flexible generation…

The European Investment Bank (EIB) will advise Antibiotice SA, one of the largest Romanian pharmaceutical companies, on strengthening corporate governance to support its future growth. Under a new advisory services agreement, the EIB will work with Antibiotice to align its risk management framework and business operations with international best practices in the pharmaceutical sector, the European Investment Bank announced. The advisory agreement follows a request from Antibiotice aimed at strengthening its capacity to attract financing and support investments…