Category: Uncategorized

Controversial internet personalities Andrew and Tristan Tate are building a USD 3.9 million underground complex in Bucharest, according to the contractor, Ron Hubbard, a well-known bunker builder, as quoted by The Times. The two influencers, accused of rape and human trafficking in Romania and the United Kingdom, have reportedly commissioned a ten-bedroom bunker, complete with separate…

Romania has awarded a record 4.2 GW of renewable energy capacity across two Contracts for Difference (CfD) auctions, exceeding its 3.5 GW target under the national Recovery and Resilience Plan, the European Bank for Reconstruction and Development announced. The second auction, held in August 2025 and backed by the EBRD, allocated 2,751 MW of new…

Romania has activated a European mechanism to support communities hit by devastating floods in Neamț and Suceava counties, the Ministry of Investments and European Projects announced on Thursday, August 21. Minister Dragoș Pîslaru said the EU’s RESTORE mechanism, a rapid response tool for crises and emergencies, will be deployed for the first time in Romania…

The government of Romania, on August 21, amended the private pension law to regulate the disbursement of the pension rights, according to Europa Libera.  Participants in Pillars II, III and IV will be able to withdraw a maximum of 30% of the accumulated assets, in a single installment, upon meeting the legal withdrawal conditions and…

While economies like Poland and Croatia manage to maintain a robust growth rate, Romania is facing a performance well below the regional average. The Czech Republic and Slovenia are showing signs of stabilization, and Hungary, although it will stagnate in 2025, has prospects of recovery in 2026, according to an Erste report consulted by Cursdeguvernare.ro.…

French state-owned energy company Électricité de France (EDF) has secured a contract worth EUR 175 million to refurbish the turbogenerator of Unit 1 at Romania’s Cernavodă nuclear power plant, Profit.ro reported. The agreement was signed between plant operator Nuclearelectrica (SNN) and two EDF subsidiaries: Arabelle Service France and its Romanian branch, Arabelle Solutions Romania SRL.…

The Romanian business community has raised objections to proposed amendments to the Commercial Companies Law included in the government’s second reform package, warning the measures could discourage major investments, Economedia.ro reported. The concerns were voiced during consultations between representatives of Romanian Business Leaders (RBL) and finance minister Alexandru Nazare. The RBL delegation welcomed the planned…

The new tax on multinationals’ shifted profits, which waives deductibility for expenditures affiliated with four categories of services, above a 3% threshold, breaches the fiscal governance principles of the OECD that Romania seeks to join next year, tax consultancy firm BDO Romania warned in a note cited by Economica.net. The firm’s representatives also claim the…

Romanian economy minister Radu Miruta (USR) expressed discontent with the draft amendments to the law 109/2011 on the corporate governance in state owned enterprises (SOEs) published by the General Secretariat of the Government (SGG) and said that he already sent his ministry’s view implying that he was not consulted by the prime minister when drafting…

Prime minister Ilie Bolojan and health minister Alexandru Rogobete presented a package of reforms targeting the public health system, Economedia.ro announced. The Health Ministry has already published the draft ordinance. “Our healthcare system has accumulated major problems in recent years,” prime minister Bolojan announced on August 21.  Excessive expenditures inefficiently distributed seem to be the…