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The Austrian energy company Verbund, through its Romanian subsidiary Verbud Wind Power Romania, has acquired a 272 MW “ready to build” wind project from Monsson, a multinational renewable energy solutions group specializing in wind and solar energy, energy storage, and green hydrogen, the Austrian company announced in a press release. The project, located in Romania’s…

Austria’s Erste Bank group has reduced the economic growth forecast for Romania and the countries of Central and Eastern Europe following the tariffs announced by US president Donald Trump. Taking into consideration the impact of the tariffs, Erste sees Romania’s economic growth at 1.8% this year and 3.1% in 2026 (-0.3 percentage points from the…

Romania’s foreign trade deficit widened by 32% y/y to EUR 2.74 billion in February, as the exports edged down while the imports continued to increase, according to data published by the statistics office INS. The external balance had deteriorated by 39% y/y in January, reversing the slight improvement in the second half of last year…

The number of doctors who requested current professional certificates that allow them to practice abroad increased by 50% in 2024 compared to the previous year, according to Prof. Cătălina Poiană, president of the Romanian College of Physicians, which issues these documents. Thus, about 1,500 professional certificates were issued to health specialists in 2024, according to…

Romania’s authorities will set a EUR 7,500 value for the bonus provided to those replacing old cars with new electric automobiles, minister of environment Mircea Fechet announced.  The bonus was EUR 10,000 last year, and it was supposed to drop to EUR 5,000 this year. “The big news for Romanians is the EUR 7,500 bonus,…

Claudiu Târziu, a member of the European Parliament and co-founder of Romania’s isolationist far-right Alliance for the Unification of Romanians (AUR), announced his resignation from the party on April 9, denouncing what he described as the increasingly authoritarian leadership of AUR president and presidential candidate George Simion. The announcement was made in a blog post…

Interim president Ilie Bolojan met with leaders of companies represented by the Foreign Investors Council (FIC) on 9 April in a high-level dialogue organised by the Presidential Administration to address pressing economic issues. The discussions covered a broad array of topics, including fiscal reform, sovereign credit ratings, the defense sector, investment strategies, and European fund…

Drilling has officially begun on the future M6 subway line connecting Bucharest to Henri Coandă International Airport (also known as Otopeni Airport), transport minister Sorin Grindeanu announced Wednesday, April 9, during a site visit to the Tokyo station construction site. The first tunnel boring machine (TBM) has been installed at Băneasa to begin excavation for…

The Palm Sunday weekend brings a host of outdoor events in Bucharest, while Easter fairs are opening in cities all over the country. In Bucharest: Open Streets April 12 – October 12 The program that turns the city’s main arteries into pedestrian areas returns with a program of live concerts, street performances, dance evenings, parades,…

Mihaela Murariu, Attorney at Law at Grecu Partners Business Law Firm, analyzes the risks that companies who use video surveillance on their employees are facing in Romania. In the modern context, the use of video surveillance systems in professional environments has become an increasingly widespread practice with purposes such as asset protection, employee safety, or…