Category: Uncategorized

The sale of Telekom Romania Mobile Communications by OTE group to local businessman Adrian Tomșa (owner of Clever Media group) and Digi Communications is currently under evaluation by the Competition Council, according to a note published by the competition body. Tomșa intends to take over Telekom Romania Mobile Communications, except for some assets that Digi…

The export of cereals from Ukraine through the Romanian port of Constanta plunged by 44% y/y to 3.5 million tonnes in January-May, as Ukraine resumed operations at its Odesa port, G4media.ro reported.  In 2022, Ukrainian grain exports through Constanta, virtually nonexistent before the war, stood at 8.6 million tonnes, and they surged to 14 million…

The sales of Romanian automobile producer Dacia dropped by 9% y/y in May, when its market share decreased to 4% from 4.6% in the same period last year, according to data published by the Association of Constructors European Automobile Association (ACEA). However, its sales in the ytd period rose by 2.5% y/y, Economica.net reported. The…

German group Continental announced it would invest EUR 45 million in developing a new production unit at its factory in Sibiu, central Romania. The project will be partly financed by a government grant under the scheme dedicated to investments with a major impact on the country’s economy. Completion of the new module is planned for…

Alongside Malta (EUR 125) and Greece (EUR 132), Romania is among the most affordable countries for fine dining in Europe, at an average price of EUR 90 per person for a tasting menu, according to an analysis by Bookingham. Bookingham analyzed the tasting menus of the most high-end restaurants in the country, converted them to…

A Romanian shepherd illegally entered the mountain with an excavator in a Natura 2000 protected area in the Făgăraș Mountains, making a road hundreds of meters long to build a sheepfold. The Environmental Guard, the Gendarmerie, and the National Agency for Protected Natural Areas came for an inspection following complaints made by environmental activists. When contacted…

Romanian president Klaus Iohannis officially withdrew his candidacy for NATO’s secretary general position, the Presidential Administration announced after Thursday’s meeting of the Supreme Council of National Defence (CSAT). At the same time, Romania now supports the bid of Dutch prime minister Mark Rutte for the Alliance’s top job. “In the CSAT meeting, the president of…

Three students from Romania were awarded at the International Science and Engineering Fair (ISEF), the most important and prestigious science and engineering competition in the world for those under 21 years old.  Filip Bușcu, David Ghiberdic, and Rareș Marinescu, students at the International Computer Science High School in Bucharest, won a prize in the category…

Romania’s Supreme Council of National Defence (CSAT) decided in its Thursday meeting to donate a Patriot missile system to Ukraine, the Romanian Presidency announced. At the same time, Romania will have further negotiations with the Allies on obtaining a similar system for its Army, the same source said. “Considering the significant deterioration of the security…

When searching for property for sale in Dubai for expats, foreigners have a plethora of alternatives thanks to the city’s thriving actual property industry. Expats proceed to have a sturdy demand for actual property as the metropolis develops into a cutting-edge, tech-forward center. This in-depth information about actual property for sale in Dubai for foreigners…