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The output reported by Romanian construction companies increased by 8.2% y/y in the first quarter of the year (Q1), setting grounds for a strong advance driven by the absorption of Resilience Facility and SAFE funds for various civil engineering and nonresidential building projects.  Last year, Romania’s construction output increased by 8.0% y/y, driven by residential…

So much has been happening recently; it’s the abundance of events typical of late spring. Most happenings have been on my radar for years but one was an absolute surprise, and what a lovely one. So let’s start with it: Bucharest’s Europa cinema (formerly Miorița) is one of the few formerly state-owned cinemas before 1989…

Romania’s largest financial group, Banca Transilvania (BVB: TLV), announced it is approaching the 5 million active customer base, after it added nearly 140,000 individuals and companies during the first quarter of the year. The bank reported a positive start to 2026, despite a challenging economic environment. The net profit of the entire Banca Transilvania Group…

Ukraine’s DTEK group, controlled by Rinat Akhmetov, through its renewable energy arm DRI, has started commercial operations at its 126 MW PV park in Vacaresti, near Bucharest, bringing the group’s power generation capacity in Romania to 299 MW. The company confirmed that, starting in January 2027, 50% of the electricity generated at Văcărești will be…

Johannesburg-listed real estate investor MAS (JSE: MSP) announced it reached a binding agreement to sell its six open-air shopping malls in Romania, with a combined gross leasable area (GLA) of 125,000 square metres, at a value of EUR 281 million. The buyer is AFI Europe, a leading owner of retail and office properties in Central…

Romania’s acting prime Minister Ilie Bolojan held on May 24 a video conference with the prefectures across the country to urge local administration to speed up and screen the status of the projects financed under the EU’s RRF facility, Digi24 announced. A general update will be provided by the afternoon of May 26, before the…

A draft law requiring merchants in Romania to use the official exchange rate of the National Bank of Romania (BNR) when issuing invoices denominated in euros has passed the Senate, USR deputy Cezar Drăgoescu announced. The Chamber of Deputies, which is the decision-making body in the legislative process, must still approve the bill before it…

The Competition Council in Romania announced on May 22 that it had sanctioned five companies in the medical imaging equipment market for agreements that limited competition, according to Economedia.ro. The five companies are Esaote SpA (Italy), Esaote Europe BV (Netherlands), DTL Medical SRL (Romania), Camed Medical Systems GmbH (Germany), and BMS Ultraschall (Germany). The fines…

President Nicușor Dan and interim prime minister Ilie Bolojan congratulated Cristian Mungiu after his film Fjord won the Palme d’Or at the Cannes Film Festival this past weekend. This marked the Romanian director’s second Palme d’Or, following his 2007 victory for 4 Months, 3 Weeks and 2 Days. “Congratulations to Cristian Mungiu for the second…

Cristian Mungiu’s Fjord has won the Palme d’Or for best film at this year’s Cannes Film Festival. It is the second time the Romanian director wins the award, after his 2007 win for the abortion drama 4 Months, 3 Weeks and 2 Days. The film stars Sebastian Stan and Renate Reinsve as a Romanian-Norwegian couple who…