Category: Uncategorized

Romania’s electricity transmission system operator Transelectrica and Georgia’s Georgian State Electrosystem signed a Memorandum of Understanding on Wednesday, February 4, to advance the development of the Georgia–Romania Black Sea Submarine Cable interconnection project.  The memorandum, signed in Bucharest, marks a new stage in the project’s development, which has already completed feasibility studies and has been…

President Nicușor Dan held talks with António Costa on Romania’s priorities for boosting competitiveness at the EU level, ahead of the informal European Council meeting scheduled for February 12. In a social media post, the Romanian leader said the discussion focused on identifying common solutions to stimulate investment, innovation, and the development of European companies,…

Romanian carmaker Dacia announced a new voluntary leave program, aimed at reducing the workforce through amicable termination of employment contracts, Ziarul Financiar reported. Employees whose contract is terminated voluntarily will receive amounts between RON 25,000 (nearly EUR 5,000) net, for employees with 2 years of seniority, which can reach over EUR 210,000 (EUR 41,000) net,…

Romanian prime minister Ilie Bolojan, in a press conference on February 4, announced that the government will send the local administration law to Parliament next week for endorsement under the simplified procedure, which does not involve a vote on the law itself but allows the opposition to file a no-confidence motion against the executive. He also…

In the heart of Bucharest, where history weaves its course between boulevards and whispered secrets, a timeless invitation awaits. The Love Journey experience at InterContinental Athénée Palace Bucharest is staged in an elegant setting echoing Belle Epoque finesse, an interlude of shared moments shaped by elegance, thoughtful detail and refined taste. First Chapter: The Love…

Greenvolt Group, through its Greenvolt Power division, a global developer of large-scale wind, solar, and energy storage projects, has obtained financing of EUR 58.5 million from Erste Group Bank AG and Banca Comercială Română (BCR) for the development of a 49.8 MW onshore wind farm, located in the town of Săcele, in the Dobrogea region.…

The Romanian Senate approved on February 4, under tacit consent, the project that provides for the increase in the contribution rate to the mandatory private pension funds (Pillar II) from 4.75% currently to 5.25% in 2026 and to 6% in 2027, Agerpres reports. The 6% contribution should have been reached in 2016 – 8 years…

Dorinel Umbrărescu, the largest road builder in Romania, is making a landmark acquisition that indicates it will soon put the steel mill Oțelu Roșu back into operation, which was bought in bankruptcy and closed for a long time. SMS, a German reference group in steel equipment, announced that it will deliver, to Oțelu Roșu, for…

OMV Petrom (BVB: SNP), the largest company listed on the Bucharest Stock Exchange by capitalization, reported a net profit of RON 3.1 billion in 2025, down 27% year-on-year, mainly impacted by net impairment adjustments of RON 2.2 billion related to decommissioning obligations agreed with the Romanian state and impairments on Exploration and Production (E&P) assets.…

American Army forces have deployed M1A2 Abrams tanks to Romania for joint training exercises with Romanian partners at the Smârdan Training Area, in a move described by the US Embassy in Bucharest as a demonstration of the United States’ “unwavering commitment to regional peace, security, and stability.” The deployment included elements of the 16th Infantry…