Category: Uncategorized
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Social Progress Index: Romania improves in basic needs, lags behind in health, education
Romania takes up the 45th place in this year’s Social Progress Index, a global ranking assessing quality of life and social wellbeing in 171 countries. The index, compiled by the non-profit organization Social Progress Imperative with the support of Deloitte, is based on the analysis of basic needs (nutrition and medical care, water and sanitation, housing…
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Defence minister argues US aid does not make Romania party to Iran strikes
Minister of defence Radu Miruță said in an interview with Euronews that allowing US military aircraft to use Romanian bases does not make the country a “cobelligerent” in the US and Israeli bombing of Iran, Mediafax reported. The comments follow reports that US refuelling aircraft are now operating from Otopeni military airport, located near Bucharest’s…
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Romanian president downplays ruling coalition tensions, rejects minority government scenario
Romanian president Nicuşor Dan has sought to downplay the significance of recent tensions within the ruling coalition, while warning against the risks of a potential shift to a minority government, News.ro reported. Speaking after The Economist conference in Bucharest on March 30, Dan said political disputes among coalition partners are not unusual. “They gave us…
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Romania’s PM Bolojan: a prime minister may step down, but problems will remain
Commenting on the constant claims circulated by Social Democrat (PSD) leaders about imminent changes in the ruling coalition’s functioning, before a formal position on this is expected from PSD’s grand consultation on April 20, Liberal (PNL) prime minister Ilie Bolojan told Digi24 that “as long as I am in this position, I do what is…
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Romanian PM says parliament, not government responsible for High Court budget cuts
Romanian prime minister Ilie Bolojan said responsibility for reductions to the High Court’s budget lies with parliament rather than the government, amid a legal dispute over funding. The High Court of Cassation and Justice (ICCJ) has filed a preliminary complaint seeking additional funds and asking the Bucharest Court of Appeal to compel the government and…
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Dividends from Bucharest blue chips set to fall 18% year-on-year
Major companies listed on the Bucharest Stock Exchange are expected to distribute lower dividends in 2026, reflecting weaker profits and a more cautious outlook amid external uncertainties, according to data compiled by Ziarul Financiar. Aggregate dividend payouts from firms included in the benchmark BET index are projected to total around RON 11 billion (EUR 2…
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Romania’s flag carrier Tarom resumes procedure for hiring new CEO
The Romanian state-owned airline Tarom has resumed the selection procedure for the position of general manager, following the departure of Costin Iordache at the beginning of 2026. The position is temporarily occupied by Bogdan Costaș, and the recruitment process aims for a mandate in a context marked by managerial instability. The new CEO will become…
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Romania’s Sofmedica expands robotic surgery operations into Slovenia
Sofmedica, a provider of advanced medical technologies in Central and Southeastern Europe, has expanded its operations into Slovenia, marking its seventh market in the region, the company said in a statement. The expansion will initially focus on the deployment and support of da Vinci robotic-assisted surgery systems, as Sofmedica seeks to build on an existing…
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Romanian prosumers’ association announces 800 MW storage on top of 3.4 GW of PV capacity
Romania’s prosumers reached an annual generation capacity of 4.42 GWh, which accounts for nearly 9% of last year’s total electricity production reported by the statistics office, thanks to an installed capacity of 3.4 GW and 800 MW of storage capacity, according to the Association of Prosumers and Energy Communities (APCE). The prosumers, 305,000 at this…
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Chinese group Sany to develop EUR 1 bln green energy and data centre project in southwest Romania
The Chinese industrial conglomerate Sany Group intends to develop in Romania and invest over EUR 1 billion in the largest hybrid energy project in Europe, according to Profit.ro. A group’s subsidiary registered in Singapore has already signed a memorandum to this effect with a Romanian partner. The EUR 1 billion Timis Sany project will be…