Category: Uncategorized

More than 65% of 12th grade graduates from private schools with a dual curriculum in Romania (Class of 2024–2025) have been admitted to prestigious international universities in Europe, the United Kingdom and the United States, according to a study conducted by the Romania Education Alliance (REA) – the first national network bringing together high-performing private…

Romania’s Ministry of Energy published on Monday, August 18, an ordinance designed to establish a Cybersecurity Incident Response Center in Energy. The new center will prepare the country’s energy sector to face expected and complex cyber threats, according to its initiators. The authors of the project say that the liberalization of the national energy market,…

The Climb Again Center in Nucșoara, Argeș County, Romania’s first facility dedicated entirely to therapy through sport and paralympic training for children and young people with disabilities, is now powered by renewable energy. The project was made possible through a partnership between the Romanian Association for Green Energy and Sustainable Development (AREVDD), part of Simtel…

Tunnelling machines completed the first tunnel segment between the future Tokyo and Băneasa Airport subway stations on Tuesday, August 19. The segment is part of the line connecting central Bucharest to its main airports – Băneasa and further on to Otopeni – in the north of the city. Romanian transport minister Ciprian Șerban, who visited the…

RetuRO, the operator of Romania’s Deposit-Return System – SGR, has launched a pilot project in two of the capital’s parks that lets people leave their bottles, PET containers, and cans in special compartments attached to public trash bins so others can collect them and reclaim the deposit. The initiative, now in place in Kiseleff and…

UniCredit announced that it finalized the merger of its Romanian subsidiary with Alpha Bank Romania, creating one of the largest financial institutions in the country and marking a new milestone in the group’s growth strategy. The newly combined bank has 11% market share in assets, 13% in loans (UniCredit Consumer Financing), and 11% in deposits…

Romania’s largest ruling party, the Social Democratic Party (PSD), broadly agrees with the reforms proposed by prime minister Ilie Bolojan (Liberal Party PNL), although there are some details still to be tackled, PSD interim president Sorin Grindeanu said after the party leadership’s weekly meeting of August 18, Economedia.ro reported. The party’s experts will attend the…

Romanian retail chain Annabella, developed by local entrepreneurs, took over 82 Profi stores and 5 Mega Image stores in a deal aimed at facilitating the expansion of the Mega Image retail chain that took over Profi from MidEuropa Partners for EUR 1.3 billion, Profit.ro announced.  The 87 stores taken over by Annabella may not mean…

The new tax on shifted profit proposed by the government is significantly impacting the attractiveness of Romania as a destination for foreign investments, and it is far more restrictive than the similar regulation in Poland, mentioned by the authorities as a source of inspiration, according to a report drafted by PwC. The consultancy firm salutes…

The General Secretariat of the Romanian Government (SGG) has published for public consultations the draft law for the reform of the state-owned enterprises and the so-called autonomous institutions, such as the regulators for the financial, energy, and telecom markets (ASF, ANRE, and ANCOM, respectively), according to Cursdeguvernare.ro and Profit.ro.  The number of board members is…