oleh admin | Mar 24, 2025 | military, russia ukraine conflict, russian armed forces, ukraine, ukraine politics
From the beginning of the conflict, Ukraine has consistently employed creativity to disrupt Russian tactics, or at least to hinder the progress of the Kremlin’s military forces.
On March 22nd, which was a Saturday, the
General Staff of the Ukrainian Military Forces
verified that its air force had, once again, struck true.
The Ukrainian Air Force effectively targeted and hit a Russian border outpost’s command and control center located in Glotovo within the Belgorod region.
reported the news agency
RBC-Ukraine
.
The enemy, considerably weakened
Even though the Russian soldiers made significant attempts to safeguard and defend this crucial position, multiple items of equipment and devices were damaged and entirely obliterated.
Removing this command post substantially diminishes the enemy’s capacity to launch assaults against Ukrainian defense forces in the Sumy and Kharkiv areas,
stated the Ukrainian command.
(MH featuring Manon Pierre – Source: L’Indépendant – Illustration: ©Unsplash)
oleh admin | Mar 24, 2025 | cryptocurrency, cryptocurrency investing, financial markets, future of cryptocurrencies, investors
Over 600,000 Romanians invest in cryptocurrencies, according to Horia Gustă, president of the Association of Fund Administrators (AAF), quoted by
Economica.net
For comparison, the stock exchange counts merely 220,000 investors.
According to Horia Gustă, the primary barriers to attracting additional investors to regulated markets like BVB are the regulatory rules and insufficient financial literacy.
As traditional financial markets face extensive regulation from the European Union, cryptocurrency firms have operated with minimal oversight up until now, as he points out.
“The European market is highly regulated, making it impossible to see any advertisements for investment funds. These numerous regulations do not seem beneficial. In contrast, crypto operated without such rules and progressed significantly within just a few years,” stated the AAF president.
iulian@romania-insider.com
(Photo source:
Loft39studio/Dreamstime.com
)
oleh admin | Mar 24, 2025 | agriculture, commerce, fruit, italy, romania
Yami Fruits, a company specializing in strawberries and blueberries owned by four Romanian entrepreneurs, is constructing a facility for fruit processing and packaging in the commune of Şoimuș, located in Hunedoara County. The funding comes from the Just Transition scheme, which supports areas affected by decarbonization, as reported.
Ziarul Financiar
.
The cultivation of blueberries and other forest fruits in Romania has rapidly expanded in recent years; however, the statistical offices’ obsolete classification systems do not account for these newer crops. As a result, the National Institute of Statistics (INS) cannot supply accurate nationwide production figures, even though specialized agricultural departments are furnishing local data at the county level. It is reported that more than 6,000 tons of berries are gathered each year in Romania, with approximately 85% being exported.
Greennews.ro
.
Ciprian Virgil Munteanu, who works as an economist and is associated with Yami Fruits, stated, “We aim to construct a facility for sorting, processing, and packing fruits into containers weighing either 250 grams or 500 grams. Since our products are perishable, it’s essential that we sort the fruit prior to packaging.”
The firm is under the control of Ciprian Virgil Munteanu, holding 60% of the shares, followed by Graţian Lupu with 15%, Marius Florin Pădure contributing another 15%, and Răzvan Nita owning the remaining 10%.
The public records indicate that the firm declared a revenue of RON 31 million (approximately EUR 6.2 million) for the year 2023, marking an increase of 66% from the prior year, along with a net income of RON 724,000.
iulian@romania-insider.com
(Photo source:
Jack Kunnen
/
Dreamstime.com
)
oleh admin | Mar 24, 2025 | business, commerce, europe, european union, news
Liberty Galati, the only fully integrated steel manufacturer in the area, aims to restart operations at full capacity, targeting 2 million tons annually. This figure represents roughly two-thirds of its designed capacity as outlined in the pre-insolvency proposal sanctioned by the court earlier this month. Additionally, adjustments in the EU’s plans for defense and energy might provide support crucial for its survival.
Liberty Galati needs to develop a recovery strategy within two months, aiming for production levels exceeding 172,000 tons monthly, as indicated in the pre-insolvency document reviewed by Profit.ro. The European Union’s initiatives to enhance defense manufacturing, tackle inexpensive steel imports, and establish more feasible carbon reduction goals might arrive suitably timed to aid the firm during this critical period where its existence hangs in the balance.
The preliminary insolvency process enables the firm to utilize the RON 750 million loan provided by Exim Banka Românească exclusively for operational funding.
Moreover, Liberty Steel was assured of RON 350 million worth of contracts from firms in the defense sector – however, this hinges upon how swiftly these companies can formulate their production plans.
The Romanian steel manufacturer will additionally gain advantages from the extension of the favorable policy designed for energy-heavy businesses regarding the payment of “green certificates.” For the last decade, these energy-consuming firms were permitted to buy reduced numbers of green certificates—a method used to support wind and solar initiatives—though this program is scheduled to conclude at the end of this year.
Nevertheless, the elevated energy costs in Romania relative to many other European nations pose significant challenges for Romanian businesses, such as Liberty Steel.
Ultimately, the European Union’s decision to restrict the imports of cheap steel might assist Liberty Steel in achieving profitability.
The European Union plans to impose stricter steel import quotas, aiming to decrease imports by an additional 15% starting from April. This announcement was made last week by Stefan Sejourne, the Executive Vice President of the European Commission, according to reports.
G4media.ro
The move aims to stop the European market from becoming saturated with inexpensive steel, in response to the 25% tariffs on steel and aluminum imports introduced by President Donald Trump.
iulian@romania-insider.com
(Photo source: Liberty Galati)
oleh admin | Mar 24, 2025 | bars & restaurants, french, hotels, luxury hotels, restaurants
The Grand Hôtel du Boulevard, the latest five-star establishment in Bucharest, will open its doors on Monday, March 24, as part of the global luxury Corinthia chain. This prime spot has been among the city’s most prestigious locations for approximately 150 years.
The hotel, emblematic of the city, has undergone complete renovation and now adheres to the global standards set by an international hotel group while still maintaining the historical essence of the structure. Originally inaugurated in 1873 as Hotel Herdan, named for its owner at the time, Jacques Herdan, it adopted the title Grand Hôtel du Boulevard just six years later, a designation which persists even today.
Currently, the hotel provides guests with 30 suites along with two dining establishments, a Heritage cafe, a grand ballroom, a wellness center, and a gymnasium. Even after the refurbishment, it preserves several original design features like marble accents, woodwork, and ornate ceilings from its inception.
The primary dining venue at this hotel will be branded as SASS’ Restaurant & Lounge, known for its high-end status in Monaco. Established in 1993 by Salvador Treves “Sassa” along with his spouse Yolande, the place has become one of the premier destinations within the tiny, elite nation. Currently, the business is venturing beyond Monaco’s borders; they have launched a temporary eatery in Saudi Arabia and secured a fixed site in Bucharest.
The eatery, designed for 45 guests, expands to include an additional 20 seats in the lounge space. It will be open every day from 7:00 PM until 2:00 AM, featuring live acts by musicians. Post-midnight, specifically after 11:00 PM, the venue transitions to DJ-led entertainment.
The restaurant management has stated that the location is open to guests who are not staying at the hotel, including walk-ins, subject to table availability. Additionally, the venue reserves the right to select its clientele.
The other eatery, Boulevard 73, fuses French and Romanian culinary traditions and adheres to the farm-to-table concept.
Throughout its history, the Grand Hôtel du Boulevard has welcomed notable visitors including Austria-Hungary’s Emperor Franz Joseph, renowned Romanian poet Tudor Arghezi, prominent politician Octavian Goga, celebrated sculptor Constantin Brâncuși, and many more distinguished individuals.
The hotel will cater primarily to international visitors, offering rooms priced from €580 per night for a 31-32 square meter Junior Suite and reaching as high as €2,570 nightly for an expansive 115-116 square meter Signature Suite, which is the top-tier option available.
radu@romania-insider.com
(Photo source: the hotel)
