Romania

Flip.ro Partners With iSTYLE to Launch Device Buyback Program Across Romania

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Flip.ro, a Romanian platform that refurbishes phones, tablets, laptops and gadgets, has partnered with iSTYLE, an Apple Premium Reseller chain, to launch a buyback program. Customers can trade in old devices in iSTYLE physical stores or online, receive instant evaluation, and complete their purchase of new products. The old device is then sent to Flip for verification, with payment made within 1-3 business days. The partnership launched in physical stores in May 2025 and online from May 2026.

Fitch Ratings Elevates Banca Transilvania Above Romania’s Sovereign Rating

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Fitch Ratings upgraded Banca Transilvania’s long-term issuer rating to BBB, one notch above Romania’s sovereign rating. The upgrade reflects the bank’s strong financial performance, solid capitalization, access to international capital markets, and MREL-eligible bond financing strategy. Fitch noted the bank’s resilience despite operating in a challenging macroeconomic environment.

Romanian Automation Firm IT Genetics Lists on Bucharest Stock Exchange After Raising €1 Million

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IT Genetics, a Romanian IT company specializing in digital automation and operational efficiency solutions, listed on the Bucharest Stock Exchange AeRO market on May 20, 2026 under the ticker ITG. The company raised 5.2 million lei through a private placement to support international expansion and business development. Operating in Romania, Hungary, Bulgaria, Spain, and Italy, IT Genetics serves over 20,000 companies across retail, logistics, manufacturing, e-commerce, and HoReCa sectors.

Binance Academy Brings Cryptocurrency Education to Romanian University Students

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Binance Academy, the educational platform of the world’s largest cryptocurrency trading platform, conducted a workshop at Romanian-American University in Bucharest focused on educating students about cryptocurrencies, blockchain technology, Bitcoin, DeFi, NFTs, and digital wallet security. The initiative aims to improve financial literacy in Romania, which currently stands at 22%.

Hyundai’s 42dot invests 1 million euros in Romanian automotive software startup OxidOS Automotive

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OxidOS Automotive, a Cluj-based Romanian startup that develops software development tools and operating systems for the automotive sector, raised 1 million euros from Hyundai’s 42dot unit. The company creates platforms that enable automotive manufacturers and integrators to implement software safely and securely faster by reducing development, debugging, and certification time. This investment follows a 1.2 million euro seed round led by Early Game Ventures in 2022.

Romanian Travel Consultant Launches NOZOMI Travel Agency After Decade at Eturia

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Travel consultant Răzvan Pascu launched NOZOMI – Travel Society by Răzvan Pascu, a new travel agency in Romania. After 11 years with tour operator Eturia, Pascu obtained the official tourism license and is actively hiring staff. The agency focuses on group circuits to remote destinations, individual vacations in exotic beach destinations, and carefully planned travel experiences.

Bolt Users in Romania Increasingly Taking 400+ km Intercity Rides on Ride-Sharing Platform

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Bolt announced that Romanian users are increasingly using its ride-sharing platform for long-distance intercity trips of over 400 km. The company clarified the legal framework allowing alternative transport operators to conduct both permanent services within their home locality and occasional services to other locations. Notable long-distance rides include a 469 km journey from Timișoara to Miercurea Ciuc.

Compari.ro Crowns GymBeam as Winner of Romania’s First Store of the Year Competition

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Compari.ro, Romania’s leading price comparison platform and part of Heureka Group, announced the winners of the first local edition of the ‘Store of the Year 2025’ competition. GymBeam won the grand prize. The company is transitioning toward a full e-commerce marketplace to unify Romania’s fragmented retail landscape and provide local merchants with a platform to reach wider audiences.

Romanian Aerospace Startup BraveX Aero Partners with Romaero to Scale UAV Production for European Defense Market

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BraveX Aero, a Romanian private aerospace company specializing in advanced unmanned aerial systems with fixed wings and jet propulsion, signed a Memorandum of Understanding with Romaero, a historic Romanian aerospace company, to collaborate on developing and scaling unmanned aerial systems for the European defense and security market. The partnership combines BraveX Aero’s technological agility and innovation in autonomous systems with Romaero’s industrial experience and aerospace production infrastructure. BraveX Aero is also pursuing a seed funding round by the end of 2026 and has secured a new order from a major European defense industry player for Romania’s first jet-powered drone capable of speeds up to 500 km/h.