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The most sought-after foreign currencies in Romania as the summer holiday season kicks up are the euro, the Turkish lira, and the Albanian lek, according to data from precious metal and forex dealer Tavex. There is also a smaller but stable demand for currencies linked to long-haul destinations, such as the Japanese yen, South Korean…

Romania will raise its combined defense and security spending to 3.7% of GDP this year and has joined NATO’s new Drone Edge initiative for joint drone procurement, president Nicușor Dan announced on Wednesday, July 8, while attending the NATO summit in Ankara. The country also joined a NATO-backed initiative to acquire Saab GlobalEye surveillance aircraft…

Romanian real estate developer Ananda Group started construction of its Biruinței 75 residential complex in Popești-Leordeni, after obtaining the building permit for the project. Located about a 10-minute walk from the Berceni subway station, the development will include nearly 400 apartments built to the nearly Zero Energy Building (nZEB) standard. The project is positioned in…

The Radisson Blu Hotel Complex in Bucharest has secured a EUR 123 million refinancing facility in what owner Revetas Capital said is the largest financing ever completed for a single hospitality asset in Romania. The transaction was completed at the end of June, less than five months after the refinancing process was launched, according to…

The Romanian subsidiary of the Spanish GMV Group has fully coordinated the first European Space Agency (ESA) mission led by a private Romanian company with the launch of the CyberCUBE satellite on July 7.  The satellite launched on a SpaceX Falcon 9 rocket will test cybersecurity protection methods for European space infrastructure for at least…

Romanians remain deeply concerned about the country’s economic outlook and rising prices, but are showing renewed interest in major purchases such as durable goods and home renovations, according to a new study by market research company iSense Solutions. The findings suggest that while consumer stress remains high, shoppers are gradually adapting to prolonged economic uncertainty.…

Romanian president Nicușor Dan said on Wednesday, July 8, in Ankara, that he does not see a risk of US troops withdrawing from NATO’s eastern flank, implicitly from Romania.  The topic of a troop withdrawal has been floated since Donald Trump became president of the United States. His administration has continuously argued that European NATO…

Romania’s Customs Authority denied an online claim alleging that it seized 75 kilograms of cocaine packaged with images of Ukrainian president Volodymyr Zelensky, describing the information as false. The institution said it had become the target of a disinformation campaign involving manipulated images and fabricated documents designed to appear official. In a statement, the authority…

Romanian car brand Dacia announced the launch of a new C-segment car, the Striker. The new model is a crossover designed to complement the Bigstar, as announced in the carmaker’s 2030 strategic plan. The Striker will contribute to the brand’s ambition to increase the C-segment share of total sales from 20% to 33% by 2030,…

Romanian police have returned 10 paintings worth more than EUR 90,000 to the Italian authorities after recovering the artworks during an investigation into an international art theft case. The paintings had been stolen from a home in northern Italy in 2024 before being illegally brought to Romania, the authorities said. The artworks were formally handed…