Category: Uncategorized

Real estate developer Speedwell announced the signing of a EUR 21.5 million financing agreement with Intesa Sanpaolo Bank Romania for the residential component of QUEENS District in Bucharest on Tuesday, June 30.  The financing will support the development of the residential component of QUEENS District, which will include 237 premium apartments designed for both living…

The Bucharest-Ilfov metropolitan train project has taken a major step forward after the feasibility study was completed and received all key technical and environmental approvals, authorities announced. The planned rail link between Bucharest North Railway Station and Crivina is expected to become operational in 2030 and serve around 4 million passengers annually. The Bucharest City…

In a market slowed by the economic context, companies that continue to invest in office fit-outs are turning towards quality and concentrating their budgets in the spaces where teams collaborate. In the projects carried out by Workspace Studio in 2026, social and connection areas account for almost half of the total budget of an office…

Drivers in Romania will face higher fines once the new minimum gross wage comes into force on July 1, 2026.  Starting July 1, 2026, the gross minimum wage will be increased to RON 4,325. According to the legislation, one penalty point represents 5% of this indicator and will increase to RON 216.25 from RON 202.5…

The Royal Salon within the North Railway Station, Bucharest’s main train station, opened for visitation on Monday, June 29, after decades of periodic access.  The Salon is one of the most beautiful and historically significant spaces of the Romanian railways, according to Ministry of Transport state secretary Horațiu Cosma. He recalled that this room hosted,…

Romania has signed a strategic framework agreement with the Israeli company Rafael Advanced Defense Systems for the acquisition of the SPYDER mobile air defense system, in a contract estimated at more than EUR 2 billion, one of the largest orders in the history of the Israeli manufacturer. The agreement aims to equip the Romanian Army…

Romania’s Supreme Council of National Defense (CSAT) approved the armed forces that may be deployed for missions and operations abroad in 2027, authorizing a total of 5,358 military personnel and civilians for potential participation. The decision was taken during a CSAT meeting chaired by president Nicușor Dan at the Cotroceni Palace on Monday, June 29.…

Banca Transilvania continues to hold the largest share of Romania’s banking market in terms of assets, accounting for 21.98% of the total banking system assets in 2025, according to a yearly report of the National Bank of Romania (BNR) quoted by Economica.net. It is followed by BCR with 13.81%, CEC Bank with 11.24%, and UniCredit…

Familia Safir Holding has completed the acquisition of the poultry production sites in Tătărăști and Parincea (Bacău county), as well as Simila–Zorleni (Vaslui county) in a deal valued at EUR 16.5 million, excluding VAT, according to a company announcement quoted by Economedia.ro.  The acquired assets include the land, poultry houses, buildings, installations, and equipment associated…

Romanian state-owned passenger railway company CFR Călători has completed the contracts awarded to Electroputere VFU Pașcani for the modernization of 42 passenger rail cars under an investment program financed through the National Recovery and Resilience Plan (PNRR). The contracts are worth more than EUR 67 million, including maintenance services, the company said, quoted by News.ro.…