Category: Uncategorized
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Strong demand from individual investors for Romania’s Cris-Tim shares
The individual investors placed orders for RON 47.4 million (EUR 9.5 million) worth of shares put up for sale by cold cuts producer Cris-Tim (BVB: CHF) under the Bucharest Exchange IPO, according to Ziarul Financiar reporting after the first day of the public offering. Some 67% of the tranche for individual investors was thus already subscribed.…
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Romania’s Electrica to develop 1 GW of storage capacities by 2030
Electricity supplier and provider Electrica (BVB: EL), with the Romanian state as the largest shareholder, began the procedure for obtaining the necessary permits for the construction of 15 electricity storage battery parks, with a capacity of approximately 1 GWh. The project is scheduled for completion by 2030. Electrica will thus capitalise on land it already…
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Romanian state-owned gas producer Romgaz sues European Commission over CO2 storage quotas
Romanian gas producer Romgaz (BVB: SNG) has filed an action with the European Court of Justice against the European Commission, requesting the annulment of certain regulations that impose CO2 storage quotas on oil and gas companies. The company considers the quotas disproportionate. It is the first time that Romgaz has initiated a direct action against…
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Bucharest residents invited to donate clothes, food to families affected by residential building explosion
Bucharest residents can donate clothes in good condition, non-perishable food, and toys for the families affected by the explosion that left 3 dead and many others injured, and nearly collapsed the apartment building in District 5 on Friday, October 17. “Following the devastating explosion in District 5, entire families have been left without housing, and…
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Romanian SMR project developer announces contract with global nuclear software leader
RoPower Nuclear, the developer of the SMR (small modular reactor) project in Doiceşti, Romania, announced the signing of a contract with Studsvik Scandpower, one of the global leaders in software dedicated to nuclear fuel analysis, on Friday, October 17. The president of the Swedish group emphasized that Romania is setting an important precedent for the…
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Energy regulator probes gas company response following deadly explosion at Bucharest apartment building
Energy regulator ANRE has launched an investigation into whether the gas distributor followed proper safety procedures before the powerful explosion that killed three people and injured others at an apartment building in Bucharest’s Rahova district on Friday morning, October 17. According to Euronews Romania, authorities have also opened a criminal case for destruction. ANRE said…
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Microsoft: Romania ranks 52nd globally in terms of impact of cyberattacks in the first half of 2025
In the first half of 2025, Romania ranked 52nd worldwide among the countries most frequently affected by cyber activities, according to the new Microsoft Digital Defense Report. The sixth annual report, covering trends from July 2024 to June 2025, emphasizes that traditional security measures are no longer sufficient. Modern defenses and strong collaboration between industries…
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Romania’s Via Transilvanica among winners of 2025 Europe Responsible Tourism Awards
Via Transilvanica, the long-distance trail that traverses Romania’s cultural, historical, and natural landscapes, has been awarded silver in the “Peace, understanding and inclusion” category at the 2025 Europe Responsible Tourism Awards. The initiative is organized by the International Centre for Responsible Tourism Global (ICRT Global). The award ceremony took place at the Press Club Brussels…
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Three dead, many others injured after powerful explosion at apartment building in Bucharest
A powerful explosion at a residential building rocked the Rahova neighborhood in southern Bucharest, District 5, on Friday morning, October 17, leaving 3 dead and at least 17 injured. The building is now at risk of total collapse, according to the authorities. The explosion affected two floors of an eight-story building, with the upper corner…
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Holiday season in Brașov to start at the end of November with Christmas market, lights
Brașov City Hall announced that the Christmas lights will be switched on November 30, marking the official opening of the 2025 Christmas Market. The event is planned to take place across three main areas, namely Sfatului and Sfântul Ioan squares, plus the area of the Transilvania University Rectorate. The market will run from November 30,…