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Numerous European leaders and NATO allies of Romania issued reactions after a Russian drone crashed into a residential apartment building in the Romanian city of Galați early Friday morning, May 29, triggering an explosion and a fire that injured two people.  Domestic reactions also came from top Romanian leaders, such as the president, prime minister,…

A key section of Romania’s famous mountain road Transalpina reopened to traffic on Friday morning, May 29, following a seasonal winter closure. Authorities said the route is now accessible to drivers, although overnight restrictions and special safety measures remain in place. The National Road Infrastructure Administration Company (CNAIR) announced that traffic resumed on the DN67C…

Little London International Academy, a private educational institution, announced it was expanding with a campus inside Nusco City, developed in northern Bucharest. The investment, estimated at more than EUR 18 million, is being carried out by developer Nusco, the educational institution said. The educational unit is scheduled for delivery and opening in September 2029.  It…

Authorities in the popular mountain city of Brașov shot a bear in a residential neighborhood on Thursday evening, May 28, after the animal repeatedly entered urban areas and showed no fear of people, the City Hall announced. According to the same source, the city recorded 25 bear-related emergency alerts in a single night, the highest…

The restoration project of Bánffy Castle in Răscruci, in Cluj county, won the Public Choice Award at this year’s European Heritage Awards / Europa Nostra Awards. Last month, the restoration project was announced among the winners of the same awards in the Conservation & Adaptive Reuse category. This project raised the largest number of votes,…

Three other companies within Grup Șerban Holding (BVB: GSH) will request the opening of insolvency proceedings, just one month after the blockage of Interagroaliment, the main company in the Romanian group, Economica.net reported. The three companies are guarantors for a EUR 69.9 million loan contracted by Interagroaliment. The shares of the group, 96% controlled by the…

Romanian real estate developer One United Properties (BVB: ONE) announced that it obtained a final court ruling in favour of its One Floreasca Towers project after the Bucharest Court of Appeal rejected appeals filed by the City Hall and former general mayor Nicușor Dan against the project’s building permit. The decision confirms a 2024 ruling…

The Russian Ambassador to Bucharest, Vladimir Lipaev, during a meeting he was required to have with officials from the Ministry of Foreign Affairs, urged Romania “to treat with the utmost seriousness the recommendation to evacuate their diplomatic staff from the Ukrainian capital, according to News.ro.  In a Facebook post, the Russian Embassy announced imminent “systemic…

Romania’s largest chemical group, Chimcomplex (BVB: CRC), announced that it has abandoned the construction of the resin factory in Oneşti (Bacău County), a EUR 100 million project backed by EUR 46.6 million state aid, “due to the unjustified increase in the price of electricity and gas,” according to Ziarul Financiar. The company’s shares plunged by…

Romanian president Nicușor Dan convened a meeting of the Supreme Council of National Defence (CSAT) on Friday, May 29, following what he described as “the most serious incident affecting Romanian territory” since Russia launched its invasion of Ukraine. The statement came after a Russian drone crashed into a residential building in the city of Galați…