Category: Uncategorized
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Romanian FinMin says risk of sanctions under Excessive Deficit Procedure largely averted
The risks of EU funds destined for Romania being suspended by the European Commission due to serious budgetary slippages have been reduced as a result of the measures taken by the government to stabilise the state’s finances, according to finance minister Alexandru Nazare, Profit.ro reported. He stated that he does not believe that in the…
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Romania’s Fiscal Council nods government’s 2025 budget revision
Romania’s Fiscal Council (CF), in an opinion issued on October 1, endorsed as credible the 2025 budget revision approved by the government on the same day, stressing that the country’s deficit would have reached 9% of GDP this year under the no-policy-change assumptions. “Based on the available data, the CF assesses that the new budgetary…
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Romanian Environment Ministry convenes emergency committee over severe weather warnings
The Environment Ministry convened an extraordinary session of its Emergency Committee on Wednesday, October 1, as meteorologists and hydrologists issued yellow and orange weather alerts warning of heavy rain, strong winds, flooding, and unseasonably cold temperatures until Saturday. Mountain areas could see up to 40 cm of snow, while Bucharest and southeastern counties face wind…
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Through a buyback operation of 4.86% of its share capital, EVERGENT Investments continues to return value to its shareholders in 2026
The Board of Directors of EVERGENT Investments SA convenes the Extraordinary and Ordinary General Meetings of Shareholders for October 29/30, 2025. All shareholders registered in the shareholder registry on the reference date of October 16, 2025, are invited to the two Meetings. “We propose a set of well calibrated corporate actions to the General Meeting…
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STIRIXIS Group Honored with Two Awards at the International Property Awards 2025
STIRIXIS Group, the internationally awarded Greek company specializing in strategic design with more than 850 projects in 29 countries, continues to set new standards by receiving two prestigious distinctions at the International Property Awards 2025. STIRIXIS Entertainment: Village Cinemas at The Mall Athens The innovative entertainment hub of Village Cinemas at The Mall Athens reflects…
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How to make or break the success of a solar park investment
Is the secret of a solar park’s efficiency hidden in the sun? No, it’s in the panels. Every percentage point of efficiency, every day saved in execution, translates into millions for investors. In a fast-moving market like Romania, where renewables are scaling at record speed, panel choice goes beyond being a technical detail, it’s the…
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Galați City Hall signs contract to modernize the Danube Promenade
The city of Galați, in south-eastern Romania, is set to modernize its Danube Promenade with an investment of roughly RON 200 million (EUR 40 million). Among the works to be carried out are the construction of viewing points, bicycle lanes, the installation of a fountain, a skate park, a delta area, and a playground for…
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International star ARASH to perform in Bucharest in March 2026
Iranian-Swedish artist ARASH is set to perform on the stage of Sala Palatului in Bucharest on March 31. The concert is part of the 2026 tour and will include the most famous songs from his repertoire, which dominated the European charts in the 2000s. Among ARASH’s most famous songs are “Boro Boro,” the song that…
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Southern Romania: Craiova prepares decorations for its famous Christmas fair
The city of Craiova, in southern Romania, is preparing to set up its famous winter holiday fair in the city center. Installations, seasonal ornaments, cottages, and winter decorations will appear already in October. In fact, the preparations for the winter season began in Craiova in the summer, along with the making of ornaments and cottages. …
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US Embassy in Romania impacted by government shutdown in Washington
The United States diplomatic mission in Romania announced on Wednesday, October 1, that the official Facebook and X pages will no longer be updated, except for urgent security and safety messages, while passport and visa services will continue “to the extent possible” in the coming period. The message comes as the US is currently facing…