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The 2026 edition of the George Enescu International Competition set a new participation record, with 645 young musicians from 55 countries registering for the violin, cello, and piano sections. The organizers said it is the highest number of instrumental applicants in the competition’s history since its first edition in 1958. Organized by Artexim, the 20th…

Romania’s retail sales posted a 5.4% y/y contraction in April, after they dropped by 5.9% y/y in Q1, according to data published by the statistics office INS. The seasonally-adjusted sales returned to the weak readings in January-February after a brief improvement in March, along a downward trend driven by the shrinking household incomes but also…

The Board of Directors of Bittnet Systems (BVB: BNET) has decided to conduct an initial public offering of euro-denominated, secured, non-convertible corporate bonds with a maximum total nominal value of EUR 15.00 million, the company announced in a note to investors. A maximum number of 150,000 bonds will be offered for subscription, with an individual…

The European Bank for Reconstruction and Development (EBRD) is supporting the development of a large-scale battery energy storage system in Scornicești, Romania. The project, co-owned by pan-European Independent Power Producer (IPP), R.Power S.A., and Eiffel Investment Group, through its managed fund Eiffel Transition Infrastructure SLP, will deliver installed capacity of 127 MW / 254 MWh…

Following a contraction in the first quarter of 2026 on declines in household consumption and industrial production, the European Bank for Reconstruction and Development (EBRD) revised down Romania’s 2026 growth outlook to negative 0.2% under its June Regional Economic Prospect report, while a modest 1.8% y/y growth is envisaged for 2027.  The government of Romania…

Bucharest mayor Ciprian Ciucu said extensive infrastructure works will continue over the next two years, warning residents to expect prolonged traffic disruption as the city undertakes large-scale upgrades to transport and utility networks, Agerpres reported. Officials said the programme aims to modernise ageing infrastructure and reduce long-term maintenance costs, even if it generates short-term disruption…

In their first reactions on Thursday evening, the parliamentary parties in Romania outlined their positions after president Nicușor Dan nominated adviser Eugen Tomac as prime minister-designate and tasked him with forming a technocratic government. While most parties said they are willing to hold talks with Tomac, several expressed doubts about the ability of a non-partisan…

President Nicușor Dan has nominated presidential adviser Eugen Tomac for the prime minister seat. Tomac is a member of the European Parliament and the president of the People’s Movement Party (Partidul Mișcarea Populară), which is not represented in Romania’s Parliament. The nomination comes a month after the collapse of the government headed by prime minister…

Romania reached 87% recycling rate for aluminium drink cans in early 2026, up from 35% in 2022. According to an Every Can Counts survey, 71% of Romanians feel personally responsible for recycling, the highest share globally, while 91% believe manufacturers should be required to use fully recyclable packaging. Romanians feel more personally responsible for recycling…

Upscale Business, a boutique advisory firm founded in the Gulf Cooperation Council (GCC) region, announced the launch of operations in Romania as part of its European expansion strategy. The company aims to connect investors, brands, and business opportunities between the Gulf region and European markets, with a particular focus on hospitality, lifestyle, and mixed-use developments.…