Consortium led by US businessman seeks to take over Lukoil's assets under sanctionsThe consortium is buying Lukoil securities from Western investment funds, Profit.ro reported. The securities, currently blocked under international sanctions, would later be placed in an escrow account in exchange for Lukoil’s international assets, including those in Romania. The mechanism (…)
Global WebBeds gains Eastern European presence by taking over Romanian B2B platform Tale TravelCompletion is subject to regulatory approval and other customary conditions and is expected in Q1 2027. Founded in 2016 by Sabin Târ?oag? and Costin Leolea, Tale Travel distributes hotel accommodation to 860 travel agencies and tour operators in 45 source markets, including Romania, Greece, (…)
Romania's airline Dan Air loses payment operator after insolvency requestOn November 2, Dan Air accused Netopia of having retained EUR 1.5 million paid by 10,000 passengers for their flight tickets between October 23 and November 2, News.ro reported. The payment operator, as quoted by Economica.net, explained that the measure was stipulated in the bilateral contract, (…)
Romanians buy 10% fewer new cars in January-OctoberIn the first ten months of the year, 109,326 new cars were registered in Romania, down 10.1% from the same period in 2025, en route to reversing this year the advance accumulated during the past two years: a 3.8% advance in 2025 and a 4.5% in 2024. With Dacia electrifying its range and Toyota (…)
Romania's PMI falls back into contractionary territory in OctoberThe brief return to expansionary territory has yet to translate into actual production, which posted negative annual growth rates in each of the first ten months of the year. The renewed contraction in October was driven mainly by lower new orders and output. New export orders also fell, (…)
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