Category: Uncategorized
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Western Romania: Oradea Pride March to take place despite City Hall opposition, organizers say
The Oradea Pride March will take place, even though Oradea City Hall has “banned” the event, according to the organizers, the ARK Oradea Association. Oradea City Hall denied ARK’s request to hold the march, citing public works and other public gatherings on each of the 11 proposed routes. No alternative routes were proposed, but the…
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Video mapping show marks start of effort to revamp derelict Bucharest cinema
A video mapping show is scheduled to take place this Friday, July 25, at Cinema Marconi, a former cinema hall in Bucharest which has been lying in ruins for years. The building is located at the intersection of Calea Griviței and Atelierului Street, in the city’s historical Buzești-Berzei area. The event, organized by the non-profit Arcen, will…
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Romania, Poland emerge as most pet-loving countries in Europe in 2024 study
Romania and Poland stand out as the most pet-loving countries in Europe, with high percentages of ownership for both cats and dogs. Romania ranks first for cats and third for dogs, while Poland ranks second in both categories, according to an analysis by Swedish website for feline lovers Kattly, cited by Reuters. The analysis shows…
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Istanbul State Symphony Orchestra, Berlin Academy of American Music to perform at recently reopened Constanța casino
Five performances in partnership with the George Enescu International Festival, the largest classical music event in the country, will be held in Constanța, a city on the Romanian Black Sea coast, at the recently reopened casino. The concerts are part of SEAS – the Summer Season of the Performing Arts, a festival organized by the…
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S&P reaffirms Romania’s BBB- rating, maintains negative outlook despite fiscal measures
The credit rating agency Standard & Poor’s, or S&P, reconfirmed Romania’s “BBB-/A-3” rating for long- and short-term debt while maintaining a negative outlook in its latest review published on July 24. The agency noted that the recent fiscal measures meant to reduce the deficit, which it describes as Romania’s most substantial attempt at fiscal correction since…
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ALD Automotive I LeasePlan completes integration in Romania under the Ayvens brand and introduces new management team
ALD Automotive I LeasePlan announce the completion of the integration of the two companies under the Ayvens brand and introduce the new local management team. The Ayvens mobility brand, which unites the two companies under a single identity, was launched in Romania last fall, following the global acquisition of LeasePlan by ALD Automotive. Locally, the…
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Study: Private equity transactions on the rise in first half of 2025
In the first half of 2025, private equity funds completed five acquisitions and five exits in Romania. If add-on acquisitions are taken into account, the total number of transactions registered a 14% increase compared to the same period in 2024, according to a study by consultancy company Roland Berger. Healthcare was the most dynamic sector…
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Romania to criminalize attempts to circumvent sanctions imposed on Russia, minister says
Romania’s foreign minister, Oana Ţoiu, announced that Romania will adopt a legislative act to criminalize companies and individuals who attempt to circumvent the sanctions imposed on Russia at the European level. The move comes after a joint decision by EU member states on July 18 to extend the sanctions package to the intermediaries through which…
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Bank deposits in Romania shrink nominally in H1 amid shift to forex savings
The stock of deposits in Romanian banks decreased by over RON 3 billion during the first half (H1) of 2025 to RON 629.2 billion at the end of June, while the plunge was steeper for local currency deposits; residents preferred foreign currency, according to the data published by the National Bank of Romania (BNR). The…
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Turkish Otokar plans to design and produce military vehicles in Romania
The management of Turkish group Otokar announced that it plans to design and produce military vehicles in Romania through its local joint venture with Automecanica, according to TechRider.ro. The two companies are preparing to launch the production of Cobra II 4×4 armored vehicles in Romania soon. “We are very interested in collaborating with Automecanica. We…