Category: Uncategorized

The Romanian Finance Ministry confirmed that unless the EUR 90 million energy equipment storage factory planned by Czech company Tesla in Braila is ready by the end of the year, the financing agreement, including a EUR 40 million grant, will be revoked, according to Ziarul Financiar.  The investor reportedly did not respond to repeated inquiries…

Romanian real estate developer One United Properties (BVB: ONE) announced on September 1 that its board of directors approved a public purchase offer (OPC) programme to repurchase up to 20% of its share capital. The buyback will be carried out at prices ranging between RON 25 and RON 40 per share, with a maximum value…

Romania’s governing coalition of PSD, PNL, USR, and UDMR is considering raising value-added tax (VAT) by two percentage points to 23% in 2026 if budget revenues fail to increase significantly, Libertatea.ro reported on September 1, citing political sources. Another option under discussion is the alignment of the VAT rate for the HoReCa sector with the…

Romanian prime minister Ilie Bolojan submitted on September 1 the second package of reforms in the form of five separate draft laws, covering the magistrates’ pensions, the management in state-owned enterprises (SOEs), the market regulators, the public health system, and the taxation regime, to Parliament for endorsement under accelerated procedure without further debates.  The procedure…

Oradea’s Gheorghe Șincai County Library has reopened after a major renovation and digitalization project financed with European funds, offering readers around-the-clock access to books, e-books, and audiobooks, alongside new cultural and community facilities, the Bihor County Council announced. The modernization is part of a EUR 26.4 million initiative that also included the renovation of three…

Romania ranked fourth among European countries with the cheapest housing in 2024, after Turkey, Bosnia and Herzegovina, and Albania, according to the latest Deloitte Property Index published on Monday, September 1. Despite the overall affordability, the study showed that housing in Cluj-Napoca and Brașov is now more expensive than in Bucharest, while rents in the…

European Commission president Ursula von der Leyen praised Romania’s strategic role in securing NATO’s eastern flank during a visit to Constanța and the Mihail Kogălniceanu Air Base on Monday, September 1, declaring that the country “helps keep Europe safe in the air and waters of the Black Sea.” Speaking alongside Romanian president Nicușor Dan, von…

The documentary On Life – King Michael of Romania/ Despre Viaţă – Regele Mihai al României will be screened at this year’s Bucharest International Film Festival (BIFF), in the event’s History and Cinema section. The film offers a “deeply personal perspective” on King Mihai’s relationship with Queen Elena and King Carol II, as well as…

The Yellow Tie (Cravata Galbenă), a biographical drama inspired by the life of renowned Romanian conductor Sergiu Celibidache, will premiere in cinemas across Romania on November 14. The film stars John Malkovich alongside Miranda Richardson, Sean Bean, Ben Schnetzer, Kate Phillips, Anton Lesser, and Charlie Rowe. Directed by Celibidache’s son, Serge Ioan Celebidachi, the movie…

Katrin Adt will take over as CEO of the car brand Dacia, succeeding Denis Le Vot, who is leaving the company, Renault Group announced. Previously VP at Mercedes, she will also be a member of the group’s Leadership Team. As part of the new organizational set-up, she reports to Renault Group’s Chief Growth Officer, Fabrice Cambolive.  …