Category: Uncategorized

Canadian sportswear brand lululemon announced on Thursday, December 18, that Romania will be one of six countries where it plans to open stores next year, expanding its international footprint through franchise partnerships. The company plans to launch in Greece, Austria, Poland, Hungary, and Romania in 2026 with partner Arion Retail Group, in addition to its…

Trinitas Film, promoted as the world’s first streaming platform featuring Orthodox Christian content, was launched on Thursday, December 18, at the Patriarchal Palace in Bucharest. The platform is operated by the television channel of the Romanian Patriarchate and provides on-demand and live access to audiovisual productions with religious, cultural, and educational themes. Trinitas Film is…

The shareholders of EVERGENT Investments (BVB: EVER) unanimously approved the proposal of the Board of Directors regarding the distribution of dividends from the reserves constituted from the net profit of previous years. The approved gross dividend is RON 0.135 per share. The dividend fund is estimated at RON 113 million. This amount will depend on…

Auto giant Ford is recalling 589 vehicles of the Puma and Transit Courier model series manufactured between January and September 2025 due to missing screws on the rear brake drums or screws not tightened to the required torque. The models are made at the factory in Romania. The missing or untightened screws may result in…

The year 2025 marked a period of post-shock recovery for Romania and its political system. Long dominated by the Social Democratic Party (PSD) and center-right parties gravitating around the National Liberal Party (PNL), the established political balance was broken by the unexpected rise of the far-right. After the cancelled 2024 presidential elections and despite rising…

Bucharest’s newly elected general mayor Ciprian Ciucu (Liberal, PNL), a close collaborator of prime minister Ilie Bolojan, was elected by the party’s leading body to supervise the activity of PNL in Bucharest, as well as the seven Liberal members of the Bucharest City Council – a move seen as consolidating the prime minister’s position in…

Romania’s energy market watchdog ANRE has once more fined Black Sea Oil and Gas (BSOG) and its partners in the Black Sea offshore perimeter Midia, which three years ago began extracting the first new gas from the Black Sea. The fine, equal to 3% of the companies’ 2024 turnover, was issued for failing to sell…

Romanian business association Concordia published on December 18 a 20-point plan to relaunch the Romanian economy in 2026 by eliminating taxes and extending tax credit to companies, encouraging corporate lending by pension funds and banks under looser regulations, extending more corporate grants from national and EU budgets, training the workforce under better public-funded schemes and…

The construction works volume in Romania surged by 13.9% y/y after the impressive 14.2% y/y in Q3 – when the sector contributed significantly to the country’s GDP advance, thanks to the strongest advance in value added terms (+12.1% y/y) in seven quarters. The outstanding advance in October was driven, however, by low base effects (unusually…

Romanians’ average consumption of non-alcoholic beverages declined by 3.8% year on year in 2024, equivalent to a drop of 9.3 litres per capita, according to a study by the National Institute of Statistics cited by Economica.net. Total annual per capita consumption of non-alcoholic beverages – including mineral water, soft drinks, and non-alcoholic beer – stood…