Category: Uncategorized

A new market analysis by independent French company nPerf revealed a competitive landscape in the mobile technology sector in Romania. Orange continues to hold its position as the market leader, as its subscribers enjoyed the best mobile internet performances in 2024, including for 5G.  The barometer analyzed various factors, such as download and upload bitrates,…

A selection of places that have recently made the headlines to consider for this year’s list. Harghita, in central Romania, is set to hold in 2027 the title of Gastronomic Region of Europe, according to a decision of the International Institute of Gastronomy, Culture, Arts and Tourism (IGCAT) announced by county council officials. As such,…

The European Parliament’s Budget and Foreign Policy Committees approved on Thursday the report on the Facility for the Republic of Moldova, worth EUR 1.8 billion.  It is the largest package of financial support the European Union has ever offered to the Republic of Moldova for development,  Tvrmoldova.md reported. Out of the total amount, EUR 420…

The Ministry of Foreign Affairs (MAE) announced on January 30 that Romania “firmly” supports the sovereignty, territorial integrity, and independence of Ukraine, just a few hours after former ultranationalist presidential candidate Călin Georgescu declared that “Ukraine is an invented state” and that he wants the annexation of parts of Ukrainian territory that has been once…

The Bucharest Court of Appeal rejected on January 29 the request filed by Greenpeace on the environmental permit for the Neptun Deep offshore gas project developed by state-owned Romgaz (BVB: SNG) and OMV Petrom (BVB: SNP).  The NGO is also obliged to pay Romgaz Black Sea Limited, OMV Petrom, and the body that issued the…

German retailer Lidl continues its investments in Romania by opening three new stores, in Sibiu, Suceava, and Bascov (Pitesti), on January 30, reaching a total of 368 stores in the country. Lidl Romania is the largest local retailer by turnover, according to rankings compiled by Ziarul Financiar based on public data.  The German group announced…

The government of Romania published on January 30 the budget plan for 2025, with a deficit target of 7.04% of GDP.  The public deficit would thus drop by 13.5% y/y from RON 153 billion in 2024 to RON 135 billion in 2025. The fiscal consolidation from 8.65% of GDP would be primarily achieved on the…

Dutch police have released the names and photographs of two suspects arrested in connection with the theft of Romanian archaeological masterpieces from the Drents Museum last Saturday morning, January 25. The famous golden Helmet of Coțofenești, c.a. 450 BC, and three Dacian bracelets have been stolen, and the authorities are currently working to recover them. Three…

Kodesage, a Hungarian startup specializing in AI-powered solutions for legacy software modernization, has raised EUR 2.3 million in pre-seed funding led by PortfoLion Capital Partners. Romanian angel investors Marius Istrate and Dan Lupu, former UiPath executives, also participated in the funding round.  Kodesage’s AI-powered platform streamlines modernization and accelerates employee onboarding while ensuring compliance and…

Thousands of Romanians in the United States risk deportation at any moment under Donald Trump’s new immigration policy that targets illegal immigration, according to media reports. Less than 10 days after Donald Trump’s inauguration, over 3,500 illegal immigrants from various countries, mostly from Latin America, have already been deported, and images of them in handcuffs…