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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…

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…

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…

Romania’s National Salt Company, Salrom, has received an extension for its graphite exploitation license in the Ungurelașu–Polovragi area, the company announced on July 23. The project is part of a European Commission-backed initiative to strengthen the continent’s supply of strategic raw materials essential for battery manufacturing. Salrom is seeking nearly EUR 200 million in European…

The interim president of the Social Democratic Party (PSD), Sorin Grindeanu, announced on July 23 that his party is coming up with proposals in the second package of fiscal reforms,  such as the supplementary taxation of capital and wealthy individuals, as well as regulations regarding profit shifting, according to News.ro. “This [profit shifting] must stop,…

The second package of fiscal reforms will be agreed by the end of July, but it will be enacted in the first part of August, Romania’s ruling coalition agreed in a meeting on July 23, according to converging sources familiar with the negotiations quoted by Euronews. Sorin Grindeanu, the interim president of the Social Democratic…

The Macroeconomic Confidence Indicator of the CFA Romania Association dropped sharply in June, falling by 14.9 points to 29.9, the organisation announced on July 24. The decline was driven by a significant deterioration in both the expectations and current conditions components, amid rising concerns over fiscal policy and sovereign risk. The analysts surveyed expect 0.9%…

Ten titles have been selected in the international documentary film competition of this year’s Râşnov Film and Histories Festival (FFIR) from a total of 90 submissions. Most of them will be presented for the first time in the country at screenings taking place at the Amza Pellea Cinema in Râşnov between August 15 and August…

In Bucharest, it’s the weekend of the JLo concert, while music and film festivals are happening in Sibiu, Alba Iulia and other localities in Transylvania. In Bucharest: Jennifer Lopez concert July 27 The city’s Constituţiei Square will host this concert that is part of the singer’s Up All Night tour. More details here. Magic Summer…

Several Romanian productions and co-productions will compete in various sections of the Sarajevo Film Festival, which takes place between August 15 and 22. Ivana Mladenović’s Sorella di Clausura, a Romania-Serbia-Italy-Spain co-production which premiered at the Locarno Film Festival, has been included in the film’s main competition. Meanwhile, Hana Jušić’s God Will Not Help, a Croatia-Romania-Italy-France-Greece-Slovenia…