Category: Uncategorized

Romania’s construction work volume increased by 18.3% y/y in the second quarter of the year (Q2) with the segment of work on new projects (+21.7% y/y) outperforming the average – which indicates more confidence among developers, according to data published by the statistics office INS. The construction activity accelerated from +7.7% y/y in Q1, when the…

The shareholders of the utilities company Electrica (BVB: EL) approved the investment project in Craiova, which provides for the construction of electricity and thermal energy production capacities for the city’s centralized heating system and for the industrial consumer Ford Otosan Romania, according to a company’s note to investors. The total investment value is up to…

Romanian hydropower group Hidroelectrica announced it has begun testing the pumped regime of its hydropower plants on Olt River, which have a total capacity of 200 MW. Using the hydropower plants under reversible regime was tested twelve years ago, when the company’s management concluded insufficient economic benefits.  The first of the five such units has…

The Ministry of Energy has proposed three areas in Romania’s Black Sea sector for potential concessions to develop offshore wind farms, with a combined planned capacity of 3.1 GW, according to Mediafax. The proposed areas comprise one perimeter with a capacity of 1,900 MW and two with 600 MW each. The ministry said the areas…

The Romanian centrist parties summoned by president Nicusor Dan on August 20 to discuss the new Wage Law for the budgetary sector, a milestone under the National Recovery and Resilience Plan (PNRR), failed to reach an agreement. However, the parties will analyse the latest version of the project, presidential adviser Radu Burnete announced after the…

Bucharest mayor Ciprian Ciucu will remain under judicial supervision for another 60 days in a bribery investigation and cannot leave Romania without prior approval. The Bucharest Tribunal on Thursday, August 20, rejected his challenge to the restrictions imposed by anti-corruption prosecutors, Agerpres reported. Ciucu was placed under judicial supervision by the National Anticorruption Directorate (DNA)…

69 works by Pablo Picasso from the collection of the Musée Picasso, Antibes, will be on display in Timișoara, between September 17, 2026, and January 17, 2027, in a special exhibition that inaugurates the new Art Encounters space. The event, titled “Picasso en visite,” will include 69 works – paintings, drawings, engravings, lithographs and ceramics.…

The government approved the TechUp Romania Program on Thursday, August 20. The initiative includes a new financing line worth more than EUR 1 billion, which aims to transform research into production and develop advanced technologies. The program focuses on areas with high added-value potential such as advanced computing, artificial intelligence, microelectronics and digital infrastructure; biotechnology,…

Cris-Tim Family Holding (BVB: CFH), one of the largest players in Romania’s processed meat and ready-made meals market, reported revenues of RON 567.4 million for H1 2026, up 6%, and a net profit of RON 63.6 million, 34% higher compared to the previous year According to the company, the results were supported by the continued…

The British-Romanian Chamber of Commerce (BRCC) announced the appointment of Felicia Alexandru as Executive Director on Tuesday, August 18. The appointment comes at a time of growing economic relations between the two countries. Bilateral trade in goods and services reached GBP 10.4 billion in the four quarters ending at the end of March 2026, up…