Category: Uncategorized

Romania’s energy group OMV Petrom (BVB: SNP) on the morning of July 31 announced clean CCS net income attributable to stockholders of the parent of RON 1.13 billion (EUR 215 million, -12% y/y), lower but very close to the RON 1.18 billion median expectation of the analysts that expressed dispersed projections ranging from RON 0.9…

A consortium led by German giant Siemens Mobility was awarded three major contracts to modernize railway signaling and interlocking systems in Romania, worth a total of approximately EUR 308 million, according to Profit.ro. The contracts were awarded by the Romanian railway infrastructure company CFR to the consortium formed by Siemens Mobility, as leader, and the…

Romania is expected to promulgate four out of the six laws supposed to unlock EUR 5 billion of grants under the European Union’s Resilience Facility (RRF), after the Senate failed to endorse the Integrity Law on July 30, according to ProTV. The four laws, having received final green light from Parliament, two in the Chamber…

The Bucharest Court of Appeal suspended six of 11 government decisions challenged by the opposition Social Democratic Party (PSD), according to Digi24. Two of the suspended decisions concern milestones that Romania must meet under the European Union’s Recovery and Resilience Facility (RRF). The court examined six of the 11 challenges on July 30 and suspended…

Spain will deploy seven F-18 fighter aircraft, three NH-90 counter-drone helicopters, an A400M aerial refuelling aircraft, and around 200 Air and Space Force personnel to Romania’s Mihail Kogălniceanu Air Base, according to a NATO announcement. The deployment is part of a broader shift from the traditional Air Policing mission to an expanded Air Defence framework…

A first contingent of 40 Romanian firefighters will be in Greece starting on August 1, 2026, to support local teams battling fires that have broken out amid high summer temperatures. The firefighters left on Thursday, July 30, for a locality in the Attica region, located approximately 25 kilometres northeast of Athens. The move is part…

The number of agricultural companies entering insolvency procedures has reached an unprecedented level in recent years, according to an analysis carried out by insolvency and restructuring consultant CITR based on data provided by the National Trade Register Office. Insolvencies in agriculture recorded an increase of almost 80%, from 127 cases in H1 2025 to 226…

Gheorghe Badea, an Argeș-based businessman and tourism investor, is set to open a 4-star hotel near Romania’s famous Transfăgărășan mountain road in the spring of 2027, according to FinanciarPress.ro. The investment amounted to approximately EUR 7-8 million. The hotel, located near the Cumpăna Tourist Complex, will have 60 rooms, a restaurant, bar, conference room, swimming…

France’s Court of Cassation has definitively rejected the appeal filed by Paul of Romania against his extradition to Romania for the execution of his jail sentence. The ruling, given on Wednesday, July 29, makes final the “decision to execute the European arrest warrant and to surrender the requested person to Romania,” according to the Romanian…

Romania’s land market remained active in the first half of 2026 despite a slowdown in completed transactions, as developers continued acquiring sites for projects expected to reach the market in 2027-2028, according to a new report by real estate consultancy Colliers. Retail remained the strongest-performing segment, while residential land continued to attract investor interest despite…