Category: Uncategorized

IKEA opened its second Plan and Order Point in Bucharest, together with a new Pick-up Point, at Grand Arena Mall in the southern part of the capital. The new location is the company’s fifth Plan and Order Point and sixth Pick-up Point in Romania. The new Plan and Order Point offers planning services for kitchens,…

Premier Energy, a leading vertically integrated utility and infrastructure company in Southeastern Europe and a listed company on the Bucharest Stock Exchange, announced the appointment of Adrian Tănase as an interim member of its Board of Directors, effective July 17. He replaces Mirela Covasa, who resigned from the board. Tănase will serve until the company’s…

Romanian prosecutors from the General Prosecutor’s Office indicted MEP and leader of far-right SOS Romania party, Diana Șoșoacă, and her former husband, Silvestru Șoșoacă, in a case concerning the deprivation of liberty of several Italian journalists dating back to 2021. Specifically, the incident took place in December 2021, when Italian journalists from Rai Uno claimed…

Romania officially inaugurated NIBIRU, the country’s first dedicated seaside entertainment resort, on July 16, marking the launch of a new tourism concept on the Black Sea coast backed by more than EUR 50 million in private investment. The opening follows the hosting of the Beach, Please! music festival earlier this month, which attracted around 600,000…

In Romania, only 53.3% of young people between the ages of 16 and 24 have at least basic digital skills, the second lowest level in the European Union, ahead of Bulgaria (52.8%), according to Eurostat. The European average is 74.6%. Romania continues to lag behind most European countries in terms of the digital literacy of…

Sphera Franchise Group announced the opening of Romania’s first KFC restaurant operating exclusively in a delivery and takeaway format, investing approximately EUR 420,000 in the new unit in Popești-Leordeni, near Bucharest. The opening is the company’s fourth KFC launch this year and brings the chain’s network in Romania to 112 restaurants. Located in the La…

Romania’s finance minister Alexandru Nazare continued technical discussions with international rating agencies on July 16, meeting representatives of Moody’s in Bucharest as the country seeks to preserve its investment-grade sovereign rating. “The next couple of weeks are extremely important for maintaining Romania’s investment-grade status,” Nazare said in a Facebook post after the meeting. Moody’s is…

The Danube River reached its lowest flow in the past 30 years on Thursday, July 16, prompting irrigation restrictions in southeastern Romania, according to the Romanian Waters National Administration. Water levels are expected to continue declining over the next several days before recovering early next week. The river’s flow at Baziaș, where the Danube enters…

TUI Romania, part of global tourism group TUI, has opened its first physical travel agency in Romania, located in the Sun Plaza shopping centre in Bucharest, as the company expands its presence on the local market, according to Ziarul Financiar. The launch comes as Romanians’ spending on foreign travel services continues to increase. Expenditure on…

The European Investment Bank (EIB) has approved an EUR 800 million loan for the refurbishment of Unit 1 at Romania’s Cernavodă nuclear power plant, providing a major financing boost for one of the country’s largest strategic energy projects, state-owned nuclear producer Nuclearelectrica (BVB: SNN) announced on July 16. The total cost of the rehabilitation is…