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Casa cu Ax de Fier, one of Timișoara’s most iconic historic buildings with a history spanning two centuries, is now on the market for EUR 5 million. Recently restored and repurposed into a modern office hub, the building is classified as a grade B historic monument. The building derives its name from a symbolic feature…

Global land systems manufacturer Otokar and Romtehnica, as the representative of the Romanian Ministry of National Defense, signed a RON 4.26 billion (some EUR 857 million) multiannual contract to supply 1,059 Cobra II 4×4 armored vehicles to Romania. The tender also includes some integrated logistics support services. Under the contract, the first armored vehicles will…

Romania’s Permanent Electoral Authority, which governs electoral races in the country, released on Wednesday, November 27, the revenues and electoral expenses declared so far by the candidates in the presidential elections. While candidates spent millions of euros on ads, the top-placed candidate, independent Călin Georgescu, declared no expenses. Călin Georgescu, who shocked analysts by placing first in…

RetuRO, the administrator of the Deposit Return System, marks on November 30 one year since the implementation of the largest circular economy project in Romania, aimed at improving national recycling rates in line with the targets set by the European Union for member states. 12 months after the launch of this national program, the results…

Romania celebrates one of its most cherished religious holidays on November 30 – the feast of Saint Andrew (Sfantul Andrei), the country’s patron saint. To mark this special occasion, Patricia Furstenberg, a Romanian-born author now living in South Africa and a reader of Romania-insider.com, has shared a captivating short story inspired by the magic and…

Prime minister Marcel Ciolacu announced on November 27 that the government is increasing the minimum statutory gross wage from RON 3,700 to RON 4,050 (over EUR 800) per month. The 9.46% increase will apply starting January 1, 2025, and will benefit more than 1.8 million Romanian employees, the head of the Executive also said, as…

Romanians will be able to travel to the United States without visas from 2025, the Romanian Embassy in the US announced on November 27, after the State Department reported that the country met the criteria for qualifying for the Visa Waiver Program. The State Department says Romania met the visa refusal rate criterion for qualifying…

The complete accession of Romania to the Schengen Area from January 1 was agreed upon in Brussels, in the Committee of Permanent Representatives of the Governments of the Member States of the European Union (COREPER), prime minister Marcel Ciolacu announced on November 27, in a post on his Facebook page. President Klaus Iohannis also welcomed…

JT Grup Oil, a fuel distributor and the developer of JT Terminal (BVB: JTG), the newest private terminal for liquid petroleum products in Constanta port, reported its net turnover edged up by 4% y/y to RON 179.76 million (EUR 36 million) in the first nine months of 2024.  In the same period, the company’s net…

Romania could mark this year the lowest corn production since 2015, after harvesting only 4.88 million tonnes from 1.8 million hectares or 80% of the sown area, according to the statistics office INS.  So far, this has resulted in an average yield per hectare of 2.6 tonnes, lower than the average of 3.2 tonnes per…