Category: Uncategorized

Hidroelectrica, the largest energy producer in Romania, must focus on diversifying its portfolio of energy production sources and energy storage batteries, said the company’s interim general manager, Bogdan Badea, as reported by Economica.net. Badea, who also served as Hidroelectrica’s CEO in the past, replaced Károly Borbély, who stepped down on September 19 in response to…

German retailer Kaufland is targeting a sustained pace of 10–15 new stores annually and a network of 250 stores in Romania and the Republic of Moldova by 2030 (from 193 currently), Valer Hancaș, Director of Communication and Corporate Affairs at Kaufland Romania, told Profit.ro. Most of the stores are in Romania, with fewer than ten…

The budget rectification project is to be adopted by the end of this week, given the multiple requests and financing needs addressed to the Ministry of Finance in the context of deficit pressures, minister Alexandru Nazare announced, according to Economica.net. The budget revision draft was initially announced for the evening of September 25 and rescheduled…

The Republic of Moldova’s pro-EU Party of Action and Solidarity (PAS) received over 50% of the votes – more than twice that of its main rival, the Patriotic Bloc (below 25%) of moderate pro-Russian orientation – and is expected to get the majority of seats in the parliament after the September 28 general elections, according…

Authorities opened an investigation on Sunday, September 28, after a passenger aircraft reported the presence of a small civilian drone near the runway of Bucharest’s Henri Coandă International Airport, forcing a temporary suspension of landings, airport officials said, as reported by news agency Agerpres. The crew of an incoming flight spotted the drone during its…

Iași is the third fastest-growing first-tier city in Europe over the past 15 years, tied with Wrocław in Poland, with the IT and real estate sectors driving growth, according to an analysis by research company Oxford Economics, as quoted by Ziarul Financiar. The ranking is led by Dublin and Valletta. Iași’s GDP grew on average…

Romania’s market regulator, ANRE, is expected to grant the permit for a 150 MW and 300 MWh battery in the eastern part of the country, strategically located to absorb the excess energy generated by the wind farms in the area. It would be the largest such capacity developed in Romania to date, Economica.net reported. The…

The Bucharest Stock Exchange presented the winners of the eighth edition of the BVB Arena, which encourages Romanian companies to tap into financing sources on the market, during an event in central Bucharest on September 25. The selected companies are part of the food industry, education, IT&C, trade, HoReCa, and other sectors. Opening the event,…

There is so much happening at once in Bucharest these days, it is an embarrassment of riches. The Bucharest International Film Festival (BIFF) has been screening fiction and documentary features while Bucharest International Experimental Film Festival (BIEFF) showcases experimental cinema, both recent and archival. They might sound irritatingly similar – abbreviations can be such a trap…

The Radisson Blu Hotel in Bucharest has reached a milestone that places it in rare company, both in Romania and internationally. The landmark five-star property has been awarded the BREEAM In-Use “Excellent” certification for both Asset Performance and Management Performance, becoming the first luxury hotel in the capital to secure this prestigious sustainability accolade. The…