Category: Uncategorized
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Interim PM Ilie Bolojan hails Romania-Moldova ties as Chisinau marks 35 years of independence
Romanian interim prime minister Ilie Bolojan sent a message on Thursday, August 27, marking 35 years after the proclamation of the Republic of Moldova’s independence, saying that Romania has been and will remain “the closest partner.” The prime minister recalled that Romania was the first state to recognize the independence of the Republic of Moldova,…
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Fire breaks out in southeastern Romania after alleged drone explosion
A fire broke out on Wednesday, August 26, and spread over 2,000 square meters in Tulcea County, southeastern Romania, after a drone allegedly exploded. The fire was quickly extinguished by the local authorities, and investigations are ongoing to determine the exact cause. “The most likely cause of the fire, according to the testimony of residents,…
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Romanian IT company Arctic Stream posts EUR 1.32 mln consolidated net profit in H1 2026
Romanian IT infrastructure and cybersecurity integrator Arctic Stream recorded a consolidated net profit of RON 6.95 million (EUR 1.32 million) in the first half of 2026. The consolidated operating revenue more than tripled year-on-year to RON 96.3 million (EUR 18.3 million). The consolidated operating expenses rose by 180% to RON 89.7 million. The consolidated figures…
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Romania’s bag-based recycling solution IZI collects 1 million containers monthly
Romania’s bag-based recycling solution IZI has exceeded 1 million deposit-return containers processed per month. The milestone came after the company collected its first million containers over its initial six months of operation. IZI collects PET bottles, glass bottles, and cans covered by Romania’s deposit-return system. Users can place multiple containers in a bag and leave…
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Russia expels Romanian Embassy employee in retaliatory move
Russia declared a Romanian Embassy employee in Moscow persona non grata on Thursday, August 27, stating that this is a retaliatory measure in response to a similar decision previously taken by the Romanian side. “On August 27, Liliana Burda, Romania’s chargé d’affaires in Russia, was summoned to the State Protocol Department of the Russian Foreign…
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New classical music festival brings 11 weekends of concerts to Constanța Casino
The first edition of the Cazino Music Festival will take place at Constanța Casino this fall, between September 12 and November 22. The program will bring international musicians and ensembles to the Black Sea city for 11 consecutive weekends. Held under the artistic direction of Ioan Holender, who led the Vienna State Opera for almost…
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Romania seen as friendlier than US by most Ukrainians, survey says
Around 56% of Ukrainians think Romania is a friendly country, a higher percentage than for the United States (54%) and Poland (50%), according to Kyiv-based survey company Rating Group. According to the survey data, which was published on the group’s website, the most friendly countries, in the opinion of Ukrainians, are the United Kingdom (80%),…
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Global Vision acquires former Alpha Bank headquarters in Bucharest
Romanian real estate investment and development company Global Vision acquired the former Alpha Bank headquarters in Bucharest’s Charles de Gaulle-Dorobanți area. The share-deal transaction covers two office towers with a combined built area of more than 10,000 square meters. Global Vision said the investment was worth several tens of millions of euros, without disclosing an…
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Romania’s interim deputy PM meets with Bitdefender CEO over cybersecurity concerns
Florin Talpeș, founder and CEO of IT security solutions provider Bitdefender, the largest local software producer, recently met with interim deputy prime minister Oana Gheorghiu for a discussion in the context of recent cyberattacks on state institutions, according to information from Profit.ro. The meeting took place at Bitdefender’s headquarters, and Gheorghiu was eager to hear…
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Profitability of Romanian banks improves in Q2 after weaker Q1
The aggregated profits of Romanian banks increased by 5.5% y/y to RON 3.9 billion (EUR 748 million) in Q2, after the 9.3% y/y decline in Q1 – resulting in a marginal nominal drop of 1.9% y/y (to RON 7.3 billion or EUR 1.4 billion) for the entire first half of the year. The profitability ratios…