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STRABAG SE announced that it signed an agreement to acquire 100% of the shares in Romanian railway infrastructure company BAWI Construction, strengthening its position in the growing rail market in Romania and Southeast Europe. The transaction, announced on June 11, is expected to be completed in the second half of 2026, subject to the necessary…

Live music, games, sporting activities and the sound of laughter filled Cambridge School of Bucharest (CSB) campus as hundreds of families, students, alumni, and friends gathered for the school’s annual Summer Fair. Drawing record attendance and transforming the campus into a vibrant Hawaiian-inspired celebration, this year’s event marked one of the largest community gatherings in…

Romania is seeking to reduce the budgetary impact of a EUR 680 million payment obligation to Pfizer after losing a legal dispute over anti-COVID-19 vaccine purchases, finance minister Alexandru Nazare said, according to Economedia.ro. Nazare said the amount represents around 0.2% of Romania’s GDP and poses a significant burden at a time when the government…

Romania’s central bank has called on the Competition Council to clarify the grounds for its record fines against the country’s ten largest banks, warning that ambiguous public statements could fuel confusion and create risks for financial stability. In a statement issued after the Competition Council imposed penalties totalling RON 3.73 billion (EUR 710 million) over…

Romania’s economy is expected to record zero growth in 2026 before gradually recovering over the following two years, according to the latest Global Economic Prospects report published by the World Bank on June 11. Romania recorded economic growth of under 1% per year in 2024-2025 while its GDP shrank by 1.2% y/y in Q1 this…

Romania’s government officially designated Via Transilvanica as a national-interest hiking route, granting additional protection and establishing clear rules for its maintenance and management. The announcement was made by interim economy and tourism minister Irineu Darău, who said he had signed the order formalizing the status. Stretching more than 1,630 kilometers, Via Transilvanica crosses the historical…

The government of Romania is in the phase of an inter-ministerial evaluation regarding the Iron Gates 3 project, as the Romanian executive responded to Economica.net when inquired about the country’s position after the US Embassy in Serbia launched an invitation to companies interested in participating in the project for a new hydroelectric power plant on…

Former world No. 1 tennis player Simona Halep has been awarded the title of honorary citizen of Cluj-Napoca on Thursday, June 11. The distinction comes ahead of her retirement match, which will take place in the city. Cluj-Napoca City Hall said the title was granted in recognition of Halep’s remarkable career and the close relationship…

Romania has secured European Union protection for another traditional food product, bringing the country’s total number of EU-recognized agri-food products to 17. The Ministry of Agriculture announced that “Babic de Buzău” has been officially registered as a Protected Geographical Indication (PGI) in the EU register of geographical indications. The registration was published in the Official…

Electrica announces the conclusion of a five-year strategic partnership with the Atlantic Council, one of the most prominent public policy organizations in the United States of America. The agreement was signed on June 10th, 2026, in Washington D.C., by Alexandru Chirita, CEO of Electrica, and Frederick Kempe, President and CEO of the Atlantic Council, during…