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Romania’s benchmark BET index, which tracks the major stocks traded on the Bucharest Stock Exchange (BVB), has risen roughly 74% over the past year. Its success is partly explained by its composition, as nearly two-thirds of the index is represented by companies in the energy and utility sectors, according to an analysis by Romanian stock…

AnimaWings announced a partnership with former world No. 1 tennis player Simona Halep, who will join the Romanian airline as a brand ambassador as the company accelerates its regional expansion plans. The news arrived as the company expands its fleet to eight aircraft and prepares to operate more than 50 regular and charter routes during…

A sculpture by famous Romanian sculptor Constantin Brâncuși was auctioned off for USD 93 million on Monday, May 18, during an event held by famed auction house Christie’s. Including fees, the total amount reached USD 107.6 million, breaking previous records for Brâncuși. Danaide, a bronze head dating from 1913, had an asking estimate of USD…

The European Public Prosecutor’s Office (EPPO) announced that it is investigating a suspected EUR 3.5 million fraud scheme involving EU funding intended for small farms and young farmers in Romania. The case concerns 237 agricultural projects allegedly submitted using false documents to obtain non-repayable European funds. Searches were carried out in Dâmbovița county on May…

Lawmakers from Romania’s Save Romania Union (USR) and National Liberal Party (PNL) have submitted a legislative proposal to designate 2027 as the “Year of European Romania” and the 2027-2037 period as the “Decade of European Consolidation.” The initiative aims to turn the 20th anniversary of Romania’s accession to the European Union into the starting point…

Romania’s current account (CA) deficit narrowed by 13.3% y/y to EUR 5.34 billion in the first quarter of the year (Q1) and by 3.4% y/y to EUR 29.1 billion in 12 months to March 2026, according to data published by the National Bank of Romania (BNR). In broader terms, the narrowing of the CA deficit…

Radu Jude’s Journal d’une femme de chambre/ The Diary of a Chambermaid, which premiered in this year’s Quinzaine des Cinéastes/Directors’ Fortnight, will have its Romanian premiere at Transilvania International Film Festival (TIFF). The film, written and directed by Jude, is a production by French SBS, co-produced by Romanian Avanpost. Loosely inspired by Octave Mirbeau’s novel…

The creditors of the Romanian bankrupt shipyard Mangalia will meet on Friday, May 22, to vote on a new sale strategy consisting of at least 6 monthly auctions for the sale of the shipyard, starting from the going concern valuation of EUR 168 million, according to Economica.net. The shipyard is supposed to build four ships…

Fitch Ratings upgraded the long-term issuer default rating (IDR) of Banca Transilvania (BVB: TLV) from BBB- to BBB, placing the lender one notch above Romania’s sovereign rating. Banca Transilvania, listed on the Bucharest Stock Exchange, is the largest bank in Romania by assets. “Fitch Ratings considers Banca Transilvania to be more resilient than the environment…

Romania’s National Road Infrastructure Administration Company (CNAIR) has lost an arbitration dispute against Italian construction group Impresa Pizzarotti over delays affecting Lot 1 of the Sebeș–Turda motorway project, according to information published by Economedia.ro. The case concerns delays attributed to the Romanian state during the implementation of the motorway section. The financial stake in the…