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The European Union unveiled a new Black Sea security strategy on May 28 aimed at improving the region’s ability to transport heavy military equipment in response to growing threats from Russia, Politico reported. “Security in the Black Sea is vital also to European security,” said EU foreign policy chief Kaja Kallas, citing the Kremlin’s war…

Sun Wave Pharma (Romania), part of the Indian group with the same name, exerted pressure on the manufacturer Geltec Private (India) in order to stop delivering food supplements to Bleu Pharma (Romania), its competitor in the Romanian market, Romania’s Competition Council concluded following an in-depth investigation. “We have prohibited the company Sun Wave Pharma from…

Techtex, a company specializing in the production of technical textiles, mainly personal protective equipment (face masks, Dr. Albert brand), part of the IKEA supplier Taparo Group (also in dire financial conditions), has entered insolvency, according to Ziarul Financiar. The face mask factory was developed by the Taparo Group during the 2020 pandemic, with EUR 20…

Ilie Bolojan, interim president of the National Liberal Party (PNL) and the leading candidate to become Romania’s next prime minister, warned that tax hikes may be necessary to address the country’s worsening fiscal crisis. His remarks followed informal consultations at Cotroceni Palace on May 28, convened by president Nicușor Dan amid ongoing negotiations to form…

At the initiative of the president of Romania, it was agreed that, in parallel with the negotiations for the formation of the new government, a plan of measures aimed at reducing public spending would be developed by the pro-European parties and representatives of the national minorities, to be assumed and implemented by the future Executive,…

The aggregated net profit of the Romanian banking system edged down by a mere 0.7% y/y to RON 3.7 billion (EUR 740 million) in Q1, according to data published by the National Bank of Romania (BNR). The profitability ratios have slightly deteriorated compared to Q1 2024 but remained only marginally below the average 2024 levels.…

Romania’s liberal party Save Romania Union (USR) will elect a new president in June, following a decision by the party’s National Bureau to approve the internal election calendar.  Former leader Elena Lasconi resigned in early May after the weak score she received in the first round of the 2025 presidential elections. Timișoara mayor Dominic Fritz,…

One of Bucharest’s main book fairs is open this weekend, with Portugal as guest country, adding to options that also include film and music festivals and a flower fest. Meanwhile, Timişoara focuses on contemporary art with the opening of the Art Encounters Biennial, and Sibiu on recent European film. In Bucharest: Bookfest May 28 –…

French author Éric Reinhardt will be present at this year’s edition of Bookfest, the book fair currently taking place in Bucharest with Portugal as guest country. Author of novels that examine the mechanisms of power, identity, and femininity, Reinhardt has established himself through titles such as L’Amour et les Forêts (Prix Renaudot des lycées, 2014), recently adapted…

KineDok, the European program screening documentaries in alternative spaces, returns in several cities in the country beginning June 5. The eleventh edition will run until April 2026 in museums, libraries, high schools, gardens, creative hubs, and bookstores, as well as in a former mine. The screenings are organized by over 20 local partners and coordinated…