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No burn treatment centers were built in Romania following the 2015 Colectiv club fire that killed 65 people, the majority of them from hospital-borne infections, despite numerous promises. On the evening of October 30, 2015, several hundred young people were in the Colectiv club in the former Pionierul factory in Bucharest, attending a concert by…

Oana Gheorghiu, co-founder of the non-profit organization Dăruiește Viață, which built a hospital for children entirely with private donations, was officially sworn in as deputy prime minister on Thursday, October 30. Her appointment followed the proposal by prime minister Ilie Bolojan to fill the post left vacant after the resignation of Dragoș Anastasiu. President Nicușor…

Romanian prime minister Ilie Bolojan said the government is unlikely to raise the minimum gross basic salary in 2026, arguing that such a move would trigger a chain reaction of wage increases across the public sector and impose an unsustainable burden on the state budget, Ziarul Financiar reported. Speaking at a meeting of the National…

Russian operatives with ties to the Kremlin are reportedly attempting to prevent the extradition of Horatiu Potra, a former French Foreign Legionnaire and bodyguard turned alleged financier of Romanian isolationist leader Călin Georgescu, The Guardian reported. Potra, wanted in Romania for embezzlement, tax evasion, and money laundering, was arrested in Dubai and is the subject…

Romania’s e-commerce platform eMAG will use the cloud hosting and AI services provided by Tencent Cloud, the cloud division of the Chinese group and the world’s largest gaming company Tencent, Profit.ro reported. The partnership is aimed “to provide smooth and highly available online services, maintain the highest standards of customer data protection, and rapidly scale…

Romanian state-controlled power producer Hidroelectrica (BVB: H2O) reported a 23% year-on-year decline in net electricity generation to 8,473 GWh in the January–September period, according to operational data published on the Bucharest Stock Exchange. The company, valued at RON 55 billion (EUR 11 billion), said the reduction was largely driven by lower hydrological flows, Ziarul Financiar…

The agro-industrial conglomerate Trans-Oil Group, one of the largest players in the Black Sea region, with a focus on the Republic of Moldova but also active in Romania, Serbia, Turkey, and Asia, is analysing a possible listing on the Bucharest Stock Exchange as part of its strategy to diversify its financing sources, according to Ziarul…

Romania’s state-owned airline Tarom reported a gross profit of RON 292.3 million (nearly EUR 60 million) for 2024, marking its first major turnaround after several consecutive years of financial losses, Economica.net reported. The improvement follows the implementation of the company’s restructuring plan approved by the European Commission, alongside a new business strategy aimed at restoring…

Sameday, the second-largest courier company in the Romanian market, controlled by the eMag group, has invested EUR 80 million over the last year, with funds directed towards technology, regional development, strengthening operational capacity, and expanding the easybox locker network. The investments come in the context of a 20% increase in the company’s revenues in the…

The initial public offering organized by Romanian cold cuts and ready-made meals producer Cris-Tim at Bucharest Exchange ended on October 29 at the lowest end of the target range envisaged by the issuer, namely RON 16.5 per share, according to Profit.ro. The final price would result in a post-IPO company valuation of RON 1.27 billion…