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Output and new order growth rates quicken Supplier performance worsens further Inflationary pressures strengthen The Romanian manufacturing sector’s performance improved further and to a greatest extent on record (since July 2023) in May, according to the latest BCR PMI® data. Output and new orders signalled faster upturns as demand conditions strengthened. In turn, companies stepped…

The Council of Europe Development Bank (CEB) and Bucharest’s District 6 City Hall signed a EUR 72.9 million loan agreement, backed by the InvestEU Fund, for the construction of a new public hospital with over 300 beds. The agreement was signed by District 6 mayor Ciprian Ciucu and CEB Vice-Governor for Target Group Countries Tomáš Boček…

The Liberal Party (PNL) in Romania is gaining momentum and will get more than 25% of the votes in the local elections on June 9, party’s president Nicolae Ciuca stated, adding that “this is a good performance” that entitles the party to nominate its own candidate in the presidential elections. Ciuca has not confirmed he…

The Romanian Railway Reform Authority (ARF) confirmed Polish company PESA as the winner of a RON 1.1 billion (EUR 224 million, VAT not included) contract for 20 long-distance trains after the Court of Appeal required the Authority to review the tender at the request of Alstom, Economica.net reported. The selection procedure was not repeated, but…

Liberty Steel (formerly known as Sidex), Romania’s integrated steel mill and Liberty’s only blast furnace operating in Europe, has again suspended the operation due to the difficult market conditions, Argus Media reported. The blast furnace was reopened in mid-February after the Government extended guarantees for a EUR 150 million loan from Exim Banca Romaneasca (formerly…

Romania’s natural gas company Romgaz (BVB: SNG) invited shareholders on July 1 to approve the issue of FX bonds in the amount of up to EUR 500 million, as well as the contracting of two bank loans for EUR 150 million (from Banca Transilvania) and EUR 100 million (from Unicredit), according to notes sent by…

If you are in Sibiu until Sunday, drop by at ESTE FILM Festival, celebrating its 8th edition. The competition, featuring Romanian short films, is accompanied by a special programme dedicated to Mexican cinema, more precisely Mexico City, and what must be the loveliest mix of recent films, with Bas Devos’ tender Here (easily my favourite…

The Social Democrat Party (PSD), part of the governing coalition with the National Liberal Party (PNL), has attracted most of the mayors that decided to change parties before this year’s local elections, a report by think-tank Expert Forum shows. The PSD attracted 279 candidates, most of them from PNL (174) and the People’s Movement Party…

Romanian actor Ioachim Ciobanu stars in the newly released Netflix miniseries “Eric,” with Benedict Cumberbatch in the lead role. The show premiered on May 30. Ioachim studied computer arts in San Francisco and then film editing at UNATC “I.L. Caragiale,” directing numerous short films and commercials. Since 2013, he has dedicated himself exclusively to acting,…

AfterLand, an exhibition opening on June 4 at Rezidenta9 in Bucharest, brings together works by an international group of artists working at the intersection between art, science, and nature. Each of them has a particular affinity with water, approaching it from different angles as varied as the symbolic values of the element itself, according to…