Category: Uncategorized
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Romania commits EUR 50 mln to Ukraine through US-backed PURL mechanism
The Ministry of Foreign Affairs announced that the Romanian government allocated EUR 50 million to support Ukraine’s defense through the US-backed PURL mechanism on Tuesday, December 30. Several states in the EU agreed to contribute to the “Priority Acquisition List Required for the Defense of Ukraine” (or PURL) US weapons program. The mechanism allows for…
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Romania’s controversial archbishop of Tomis officiates Great Blessing of the Water for Epiphany
The Archbishop of Tomis, Teodosie, officiated the service of the Great Blessing of the Water on Monday, December 5, blessing water barrels in front of the Archiepiscopal Cathedral “Saints Apostles Peter and Paul.” Importantly, the Epiphany and St. John the Baptist’s Day, January 6-7, mark the end of the winter holidays in Romania. The blessed water…
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Romania’s Banat region vies for 2028 European Region of Gastronomy title
The bid of Banat for the title of European Region of Gastronomy 2028 was analyzed and accepted during the meeting of the consultative forum of the International Institute for Gastronomy, Culture, Arts, and Tourism (IGCAT), the Timiș County Council announced in mid-December. The next stage will be the visit of the international jury, scheduled to…
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Romanian president, prime minister highlight unity and challenges in end-of-year messages
President Nicușor Dan and prime minister Ilie Bolojan, both seen as reformist figures in the Romanian political sphere, stressed upcoming challenges but also the importance of unity in their messages marking the end of 2025. A tumultuous year politically, 2025 saw the election of Bucharest mayor Nicușor Dan as president and the establishment of the…
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Bucharest Stock Exchange registers historic 55% growth in 2025, best since 2009
Investors on the Bucharest Stock Exchange saw the main BET index close at a historic high of 24,439 points in 2025, up 46% from the beginning of the year and 55% if dividends are included, the best annual growth rate since 2009. The last trading session of 2025 confirmed the trend of an exceptional year,…
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MidEuropa acquires majority stake in IT system integrator Romanian Business Consult
Private equity player MidEuropa has acquired a majority stake in Romanian Business Consult (RBC), a vertically focused IT system integrator specializing in the retail, banking, and industrials sectors. Founder and CEO Andrei Bojiță will retain a significant minority stake and continue to lead the business, MidEuropa said. The transaction is subject to customary regulatory approvals…
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Severe winter weather grips large parts of Romania
Wintry weather is set to cover large parts of Romania on Monday, January 5, and a Yellow Code for severe weather started at 10 AM, coupled with an Orange Code for heavy snowfall in mountain areas. Car traffic will also be impacted in almost half of the country. According to the National Meteorological Administration cited…
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Foxes spotted in downtown Bucharest
The surveillance cameras of the Grigore Antipa Museum of Natural History have captured three foxes in the vicinity of the museum, the institution announced. The museum is located in Bucharest’s Victoriei Square, opposite the building of the Romanian Government. The presence of foxes in urban areas is not an isolated phenomenon, the museum explained. The…
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Romania’s CFA macroeconomic confidence index recovers in November
Romania’s CFA Macroeconomic Confidence Index rose in November, recovering part of the losses recorded earlier in October, but remained well below neutral levels on a downward medium-term trend, reflecting continued concerns over growth, inflation, and fiscal dynamics, according to a survey conducted among members of CFA Society Romania at the end of November. The index…
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Romania’s public debt up 0.6% of GDP in September 2025 on domestic borrowing
Romania’s public debt increased by another RON 10.8 billion (EUR 2 billion) in September 2025, bringing the year-to-date rise to RON 131 billion or EUR 25.8 billion at the end-September exchange rate. The debt-to-GDP ratio reached 58.9%, up from 57.3% at the end of June, 54.8% at the end of 2024, and 53.1% at the…