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Hoghilag – Land of Tuberoses, an event highlighting the tuberose gardens in the commune of Hoghilag, in Sibiu county, will take place on the weekend of August 9 – August 10. Besides exploring the tuberose gardens during guided tours, visitors can also attend a fair of traditional local products and a truffle hunt in the…

The Polish group Green Factory, which produces salads for retail and HoReCa, entered the Romanian market through the acquisition of the Eisberg factory in Bucharest, Ziarul Financiar reported on July 28. Eisberg is the largest producer of convenience salads (fresh, pre-washed, and packaged) locally, operating in a market of approximately 500,000 consumers, according to the…

Deputy prime minister Dragoș Anastasiu announced his resignation from office on Sunday, July 27, after it was revealed that he was a witness in an older corruption case involving one of his companies. The company, Eurolines, paid bribes for eight years to a financial inspector from Romania’s tax agency ANAF. The former official said he…

Romanian president Nicușor Dan denied claims by Russia that Ukrainian fighter jets were granted permission to fly over Romanian territory, calling the accusations “completely false”, Agerpres reported on July 25. The president stated he had full access to all relevant information and confirmed that no such authorization had been given. The denial comes in response…

Korean investment fund DS Private Equity is expected to join Romania’s small modular reactor (SMR) project at Doicești as an equal partner, taking a 33% stake in the project company RoPower Nuclear, Economica reported on July 28. The remaining shares would be held equally by current partners Nuclearelectrica (BVB: SNN) and Nova Power & Gas.…

Romanian nuclear company Nuclearelectrica (BVB: SNN) informed shareholders about its intention to contract a EUR 540 million loan from a bank syndicate led by the American giant JP Morgan for the refurbishment of unit 1 of the Cernavodă nuclear power plant. The company’s management has requested the shareholders’ approval, according to documents published ahead of…

The total number of prosumers, namely electricity users with PV panels that inject the power not used locally into the national grid, reached 228,302 at the end of May. Their installed power capacity reached 2,726 MW, according to the latest data from the Energy Regulatory Authority (ANRE), as quoted by Economica. In the last 12…

Romania has launched its first 10-year euro-denominated government bond for retail investors, offering a 6.5% coupon, as part of the August Fidelis issuance, Ziarul Financiar reported on July 28. The move comes as the government prepares for a series of large Eurobond repayments starting in late 2025, amid persistent budgetary pressures. The Ministry of Finance…

A scandal broke out on Friday, July 25, after it was made public that deputy prime minister Dragoș Anastasiu was a witness in an older corruption case involving one of his companies. The company, Eurolines, paid bribes for eight years to a financial inspector from Romania’s tax agency ANAF.  Records from the Anti-Corruption Directorate show that between…

President Nicușor Dan, in office for roughly three months, attended the Salzburg Industrialists’ Summit, the most important reunion of the Austrian business community, urging them to invest in Romania. Specifically, the president emphasized the strategic opportunities in the defense, energy, infrastructure, and logistics sectors. “Romania is significantly expanding its defense industry. Our sector offers real…