Category: Uncategorized

Banca Comercială Română (BCR) and Erste Group said they are providing EUR 132 million to finance Scatec’s 77 MW Urleasca onshore wind farm in Romania. BCR is contributing EUR 76 million of the total financing, the bank announced. Located in Brăila county, approximately 150 kilometers northeast of Bucharest, the wind farm will feature 11 Nordex…

The mayor of Cluj-Napoca, Emil Boc, was decorated on Saturday, August 29, by the president of the Parliament of the Republic of Moldova, Igor Grosu, with the “Medal of Democracy,” the highest distinction handed by the legislature in Chisinau.  The medal was awarded in recognition of Boc’s constant support and investments carried out in the…

Romania has the highest proportion of young people aged 15-29 who are neither employed nor enrolled in school, university, or another form of education, nor involved in any form of training, the so-called Neither in Employment nor in Education or Training, or NEETs, in the European Union, according to Eurostat. More exactly, 19.2% of young…

Romania sent a third contingent of firefighters specializing in tackling forest fires to Greece on Sunday, August 30. The team will continue the monitoring and firefighting missions carried out by the previous Romanian contingent over the past two weeks, the General Inspectorate for Emergency Situations (IGSU) announced. The firefighters are traveling by road from the…

Save Romania Union (USR) leader Dominic Fritz is expected to lose his mandate as mayor of Timișoara within 30 days after the new integrity law was published in the Official Gazette this past weekend. The controversial legislation applies to elected officials with final incompatibility or conflict-of-interest rulings even when the decisions predate the law. Back…

Romanian rowers Simona Radiş and Adriana Adam won their third gold medal over the weekend, becoming the first athletes in the history of the World Rowing Championships to win three gold medals at the same edition of the competition. On Sunday, August 30, Romania’s mixed 8+1 boat secured the third gold medal for Romania at…

The World Wide Fund for Nature (WWF) in Central and Eastern Europe CEE filed an environmental complaint in June 2024, in the context of preparations for hydrotechnical development works on the Bala branch of the Danube. According to EC representatives, the complaint procedure is still open “until sufficient progress is made in addressing the concerns…

The government of Romania approved the prolongation by one month, until September 30, 2026, of the energy crisis regime, given that the low level of the Danube has not yet improved sufficiently to allow the restart of at least one reactor at the Cernavodă nuclear power plant (NPP). Furthermore, the production forecast for wind and…

The political impasse that hindered the adoption of a Wage Law for the budgetary sector may complicate the drafting of a credible 2027 budget in line with the medium-term fiscal consolidation plan set under the Excessive Deficit Procedure (EDP), which would significantly deteriorate the country’s credibility among foreign investors, according to Moody’s rating agency. Although…

A new ruling-majority scenario with the Social Democratic Party (PSD) at its core is being promoted by the Presidency, according to sources familiar with the negotiations consulted by G4Media and Digi24. Most ministers would be appointed by PSD, except for the Foreign Affairs and Defence portfolios, which are claimed by president Nicușor Dan, while the prime minister…