Category: Uncategorized
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Bucharest City Hall opens doors to weekend visits
The headquarters of Bucharest City Hall will allow visits every weekend by registration, according to an announcement made on Sunday, October 18. “On weekends, we have Open Doors at Bucharest City Hall! We invite you to discover from the inside one of the capital’s iconic buildings and be tourists in your own city. Bucharest has…
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La Saison Lumière: Athénée Palace Lights Up Bucharest’s Festive Season
Since 1914, InterContinental Athénée Palace has been one of the places where Bucharest gathers for its most memorable evenings. As winter settles over the city, the hotel comes alive in the glow of chandeliers, crystal and gilded interiors, and this year it brings the entire festive calendar under a single mood: La Saison Lumière. The…
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Constructor announces progress at Romania’s first green energy sports arena
Work on the “Nicolae Dobrin” stadium in Pitești, the first sports arena in Romania to operate exclusively on green energy, is progressing, according to information provided by the company Construcții Erbașu. Work to rebuild this stadium began in March 2026. According to the National Investment Company (CNI), the future stadium will have 15,200 seats and…
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Romania’s public deficit widens slightly in Q3, but remains moderate in January-September
Preliminary data discussed at a government meeting on October 16 indicated a slight deterioration in budget execution in Q3, but this does not put the full-year deficit target of 6.2% of GDP at risk, Economica.net reported. This is 1.45 percentage points (pp) below the 7.65% recorded in 2025. Revenues increased by 11.8% y/y to RON…
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EC to assess Romania’s final EUR 6.4 bln in RRF funding by November 20
Romania has so far received EUR 13.27 billion under the RRF: EUR 8.95 billion in grants and EUR 4.32 billion in loans. The sum includes the EUR 301 million received on October 9 for targets and milestones under the third disbursement request, which was cleared with a delay. Of the EUR 1.65 billion in grants…
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Romanian FinMin pledges credible 2027 budget ahead of parliamentary vote on new government
Nazare emphasised that efforts to reduce the budget deficit must continue in 2027, in an even more difficult context than this year, with significantly greater pressures and outstanding obligations. Nazare said that “the 2027 budget will be a major test of accountability” and that it must be built on realistic revenues, clear priorities and expenditure…
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Romanian Liberals decide to give ‘necessity’ vote to team of PM-designate Luca Niculescu
The vote in the PNL’s leading body was decisive: only six of the 56 members voted against the proposal, while one abstained, Hotnews.ro reported. However, the decision followed lengthy debates, with some Liberal MPs questioning the choice to support a government formed mainly by members of the party that ousted Liberal PM Ilie Bolojan, in…
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Romania’s use of gross energy resources shrinks by 6.3% y/y in January-August
While crude oil intake dropped by 21.1% y/y to 6.0 million toe and coal use fell by 17.3% y/y to just 1.1 million toe, imports of petroleum products surged by nearly 20% y/y to 2.7 million toe. Natural gas use increased by 2.7% y/y to 7.1 million toe, while imports rose by 10.8% y/y to…
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Romania’s industrial output shows minor improvement in August, but maintains downward trend
The bigger picture, however, does not point to a sustainable or even relevant industrial recovery, contrasting the improvement in the PMI readings in Q3. In the first two months of the third quarter (Q3) taken together, the industrial output contracted by 3.6% y/y (-4.5% y/y for the core manufacturing industries) and in seasonally-adjusted terms edged…
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Astorium Nest joins North Bucharest Investments’ portfolio as part of its residential diversification strategy
The project will comprise 55 apartments, with prices starting at €76,464 plus VAT and an estimated completion date in 2027. The expanded collaboration strengthens the commercial partnership between the two companies and forms part of NBI’s strategy to diversify its residential portfolio. Located in Bucharest’s District 3, the development will feature one-, two-, and three-room…