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Romania’s Orșova Shipyard (BVB: SNO) has concluded five external contracts for the construction of five river vessels, with the total value of the contracts amounting to EUR 22.2 million, according to a report submitted to the Bucharest Stock Exchange. The contracts are commercial in nature and have an intra-community delivery, but the buyer cannot be…

Four people died on Monday, July 28, following a naval incident in the Musura Gulf area, Sulina Branch, where a boat capsized, according to information provided by the Tulcea County Emergency Situations Inspectorate. Among the deceased is also a child.  Of the 14 people who were reportedly on the boat that capsized, 10 are being…

Romania’s ruling Social Democratic Party (PSD) will immediately promote in Parliament a package of measures to reduce privileges for board members of state-owned enterprises (SOEs), with a second fiscal package to follow in coordination with the upcoming budget revision, PSD leader Sorin Grindeanu said on July 28, G4Media reported. The reforms are part of a…

Romanian Prime Minister Ilie Bolojan, in an interview for G4Media on July 28, said that he will not immediately appoint another deputy prime minister to replace Dragoș Anastasiu, who resigned over the weekend, but he will take over the task of reorganizing state-owned enterprises and the agency supervising them (AMEPIP). Bolojan told G4Media that he…

The INVL Renewable Energy Fund I, managed by INVL Asset Management, signed a EUR 29.3 million loan agreement with Kommunalkredit Austria AG (Kommunalkredit). The loan will be used to finance the construction of solar power plants with 71 megawatts (MW) of capacity in Romania. This is the second loan by Kommunalkredit to the fund. In…

Prosecutors from Romania’s National Anticorruption Directorate (DNA) conducted multiple searches on July 28 in Argeș County as part of an investigation into illegal VAT refunds and money laundering worth more than EUR 9 million, Digi24 reported, citing judicial sources. The case, opened in March 2025, involves alleged fraudulent VAT refunds amounting to RON 46 million…

The Ministry of Finance announced a new set of measures to streamline institutional activity by launching a new performance evaluation system for employees and departments within the ministry. At the core of the system is a structure of written reports. The employees will report daily, in writing, to their direct superior, the details of the…

Sika Romania has inaugurated a new concrete additives production facility in Corlătești, Prahova County, following an investment of CHF 1.4 million (EUR 1.5 million), the company announced on July 28. The unit is located on the local industrial platform and is designed to meet rising demand in the construction and infrastructure sectors. The Swiss-owned construction…

The government posted a deficit of RON 69.8 billion (EUR 13.8 billion) in the first half (H1) of 2025, 9.6% or RON 6.1 billion more compared to the same period last year, according to data published by the Ministry of Finance. In the second quarter (Q2) alone, however, the deficit narrowed by 5.9% y/y to…