Category: Uncategorized

OMV Petrom, the second largest company listed on the Bucharest Stock Exchange, announced on September 16 that the Board of Directors proposes to shareholders the distribution of a special dividend in a gross value of RON 0.0200 per share, equivalent to approximately RON 1.246 billion (EUR 250 million). The company’s market capitalisation reached RON 53…

Romanian telecommunications group Digi Communications said on September 16 that it does not intend to cede control of any of its subsidiaries, including Digi Spain, amid reports that it is preparing the Spanish unit for a stock market debut in 2026, Profit.ro reported. “Digi Group continuously evaluates strategic options for developing its activities in various…

However, prices and lack of information discourage Romanians from making such purchases. More than half of Romanians (52%) say they adopt sustainable behavior in their daily lives and 53% frequently buy sustainable products, according to a study conducted by the BUCHAREST CENTER FOR ECONOMY & SOCIETY (CES Bucharest). The most sought-after sustainable products are food,…

Dragged down by the Dacia factory, Romania’s car production fell by 2.7% y/y to 346,800 units after the first eight months of this year. Ford Otosan surpassed Renault’s subsidiary in both July and August, marking the largest output this year. The report of the Romanian Automobile Manufacturers Association (ACAROM) on the car production of the…

Tanczos Barna, deputy prime minister of Romania and former minister of finance, announced that the government will soon come up with tax credit solutions for entrepreneurs who invest in research and development and, moreover, is considering granting facilities to all those who come with new investments, especially in the area of ​​technology and industrial production. …

Finance minister Alexandru Nazare said on September 16 that Romania will end 2025 with a fiscal deficit that will exceed 8% of GDP, but assured that the new target is currently being negotiated and discussed with the European Commission.  The EC is expected to review Romania’s budgetary conduct under the Excessive Deficit Procedure on October…

Romania’s prosecutor general Alex Florența said Tuesday, September 16, that the case against former presidential candidate Călin Georgescu and alleged paramilitary leader Horațiu Potra represents “the most serious case monitored in the last 35 years,” Hotnews.ro reported. He also warned once again that Romania has been under sustained hybrid warfare aimed at destabilizing society and…

Druid AI today announced it has secured USD 31 million in Series C financing to advance the global expansion of its enterprise-ready agentic AI platform under the leadership of its new CEO, Joseph Kim. The investment was led by Cipio Partners, with participation from TQ Ventures, Karma Ventures, Smedvig, and Hoxton Ventures. Kim has more…

Drivers in Bucharest lose, on average, 12 working days annually due to congestion, according to Traffic Index 2025, an analysis carried out by the Institute for Visionary Cities. The index compares how much circulation slows down on working days compared to a free-flow regime, for the 41 county seat municipalities and Bucharest. According to the analysis,…

Romania’s Senate and Chamber of Deputies held a moment of silence on Monday, September 15, for American conservative activist Charlie Kirk, who was shot dead at a university event on September 10. The marking of Kirk’s death came at the initiative of the far-right party Alliance for the Union of Romanians, or AUR. Both Kirk…