Category: Uncategorized

“Based on the information I have, much of which is public, the financial situation appears to be very difficult,” Grindeanu said, as reported by B1tv.ro. He accused the outgoing government of deferring expenditure to keep the budget deficit down. “It is easy to boast about a small deficit when you have not paid your bills…

European Commission president Ursula von der Leyen and European Parliament president Roberta Metsola congratulated Luca Niculescu after he took office as Romania’s prime minister on Tuesday, October 20. Moreover, Moldova’s leader Maia Sandu and prime minister Vasile Tofan also welcomed the new government and pledged continued cooperation. “We have important work ahead of us,” von…

InterContinental Athénée Palace Bucharest announces the appointment of Angelo Zuccala as General Manager of the hotel. Mr Zuccala will continue to also serve as Area General Manager IHG Hotels & Resorts Southern Europe Luxury & Lifestyle, combining the leadership of the Bucharest landmark with a regional role in IHG’s luxury portfolio. Mr. Zuccala brings more…

Independent Luca Niculescu was invested as Romania’s new prime minister on Tuesday, October 20, in a joint plenary session. According to the official announcement, out of a total of 464 members of Parliament, 355 senators and deputies were present. A total of 368 valid votes were recorded, of which 280 were “for” and 58 were…

DIICOT prosecutors once again placed the apartments constructed and owned by infamous developer Norids in Mamaia, on the Romanian Black Sea coast, under seizure, after the Bucharest Court of Appeal lifted the measure last week, according to a statement from the Prosecutor’s Office made public on Tuesday, October 20. In total, prosecutors seized 155 apartments,…

CTP, a major European owner, developer and manager of logistics and industrial real estate, announced a lease with discount retailer Pepco for 55,619 sqm at CTPark Bucharest West in Romania on Tuesday, October 20. The location is the largest industrial park in continental Europe, with nearly 1.5 million sqm of planned lettable space. Located to…

Romania’s Madrigal – Marin Constantin National Chamber Choir will hold its 2026 Christmas tour from December 3 through 22. Conducted by Anna Ungureanu, the choir will give 10 performances in Brașov, Cluj-Napoca, Timișoara, Oradea, Constanța, Tulcea, Bucharest, and Craiova. The tour will begin with two performances at Brașov’s Sică Alexandrescu Theater on December 3 and…

The Competition Council, the body that safeguards consumer interests in Romania, authorized the transaction through which Raiffeisen Bank intends to acquire Garanti Bank and Motoractive IFN, according to a statement made public on Tuesday, October 20. Raiffeisen Bank announced in March that it would acquire Garanti BBVA’s business in Romania for EUR 591 million (USD…

The fifth edition of the Climate Change Summit, an annual event highlighting energy security, access to resources, and economic competitiveness in Romania and beyond, brought over 2,000 participants to Bucharest on October 14. Under the theme “The Infrastructures of the Future,” the event, connected international perspectives with Romania’s and the region’s economic and social challenges.…

Private companies in Romania expect base salaries to rise by an average of 5.65% in 2027, following increases of 6.67% in 2026 and 7.47% in 2025, continuing a slowdown in wage growth, according to a PwC PayWell 2026 study. The slowdown comes against a difficult economic backdrop. According to the National Institute of Statistics (INS),…