Category: Uncategorized
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Former TV anchor turned politician seeks to lead Romania’s major opposition party USR
Campulung Muscel mayor Elena Lasconi, a former TV anchor turned politician, announced her candidacy for the top position in the major Romanian opposition party Save Romania Union (USR) after former party president Catalin Drula resigned amid disappointing results in the European and local elections on June 9. Lasconi was initially appointed as the flagship candidate…
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Romania plans to double installed power generation capacity by 2035
Romania will have to double the installed power generation capacity to 40GW by 2035 because 60% of it has to be produced in PV or wind installations and will, therefore, be intermittent, according to the 2025-2035 energy strategy draft currently under debate at the Ministry of Energy. Romania assumed within the framework of the STL…
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Romania wins EUR 330 mln ICSID arbitration lawsuit filed by owners of bankrupt insurer Astra
Romania won the litigation case filed by the owner of the bankrupt insurer Astra Asigurari, Dutch-based Nova Group Investments controlled by the Adamescu family, according to a note published by the Romanian Ministry of Finance. The case was filed by Nova Group Investments in 2016 on the grounds of the bilateral agreement on ensuring fair…
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Average net wage in Romania up real 7.9% y/y in April
The average net wage in Romania rose by only 0.6% m/m to RON 5,217 (EUR 1,050) in April, enough to result in an annual advance of 14.3% y/y compared to +13.9% y/y in April, according to data reported by the statistics office INS. Combined with lower inflation (5.9% y/y in April), this, in turn, resulted…
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First edition of International Interwar Music Festival to take place in Bucharest in July
The first edition of the International Interwar Music Festival will take place from July 5 to 7 at Sala Radio in Bucharest. Dedicated to the music from the 1920s to the 1940s, the event is organized under the motto “A music to remember” by the ProCultArt Association, with actress Miruna Ionescu and violinist Valentin Albeșteanu…
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Football fans can watch EURO 2024 matches in downtown Bucharest square
The matches of the European football tournament, EURO 2024, will be shown in the George Enescu Square in downtown Bucharest. From June 14 to July 14, fans of the national team and others are invited to the Fan Zone on Calea Victoriei (the parking lot next to the Athenaeum), where they will be able to watch…
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Focus on Japanese cinema, international guests, cine-concerts: Transilvania International Film Festival kicks off 23rd edition
Transilvania International Film Festival, the largest feature film festival in the country, kicks off its 23rd edition today, June 14, in Cluj-Napoca. The festival’s sold-out opening gala, expected to gather a public of more than 3,500, marks the beginning of eleven days of hundreds of screenings, cine-concerts, exhibitions, concerts, discussions, and special events. Luc Besson’s…
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Suspicions of electoral fraud deepen in Romania as NGOs uncover 500,000 canceled votes
Suspicions of electoral fraud deepen after the local and European elections held in Romania on June 9, which saw the governing PSD-PNL alliance tighten its grip on city halls across the country and the far-right replace reformist opposition MEPs in the European Union’s legislative. While some incumbent mayors accuse fraud, Expert Forum revealed that a…
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Untold Dubai named best festival of the year at 2024 Middle East Event Awards
The Dubai edition of Untold, the globally recognized festival born in Romania, was named Best Festival of the Year at the 2024 Middle East Event Awards. The initiative rewards the region’s best live and entertainment shows, as well as arts and culture events. “This trophy comes as a recognition of the Untold brand value and…
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New cargo terminal completed at Romania’s Oradea Airport
The cargo terminal at Oradea Airport, a private investment of CTP Romania worth over EUR 33 million, was completed, Bihor County Council announced. The project includes three halls with an area of 6.5 hectares, built on a land of 14.5 hectares. “CTPark Oradea Cargo Terminal is the first industrial park in Romania with a cargo…