Category: Uncategorized

Real estate developer Plaza Centers (LON: PLAZ) announced on Monday, May 11, that it had filed a compensation request ranging between EUR 60 million and EUR 420 million against Romania with the Arbitration Court in London. The filing is only the latest development in an ongoing legal battle after the failure of a public-private partnership…

North Bucharest Investments further reinforces its position as a leading force in Bucharest’s northern residential market through a dual strategic recognition at both regional and international level. The company has been regionally nominated at the HOF Awards in the category “Best of the Best Residential Agency of the Year” — one of the most respected…

Interim transport minister Radu Miruță announced the launch of a large-scale inspection into Metrorex, the company operating the Bucharest subway system, on Monday, May 11. The investigation follows initial checks, which revealed alleged financial irregularities, including hundreds of salaries exceeding the legal ceiling and penalties of millions of euros that were not collected. The ministry,…

The Smallest Art Fair in Town will have a section dedicated to emerging artists at its upcoming edition, scheduled to take place this week in Bucharest. Under the headline A Place of Contemplation, this edition proposes a framework where contemplation doesn’t equate with withdrawal from the world but is an act of presence, the organizers…

Germany is perceived by Romanians as the country with the friendliest relations with Romania, followed closely by the Republic of Moldova and France, according to a new INSCOP Research survey commissioned by Informat.ro. Russia ranked last in the survey, while Ukraine emerged as one of the most polarizing countries among Romanian respondents. According to the…

The former mayor of Bucharest’s District 5, Marian Vanghelie, was sent to trial by anticorruption (DNA) prosecutors along with 30 others, natural and legal persons, in a case regarding public procurement of goods at overpriced rates by the city-run Economat stores, according to a press release dated Monday, May 11. Prosecutors say that the stores,…

Ascendia (BVB: ASC) announced that its digital educational content platform LIVRESQ has been accepted into the Google for Startups Scale Tier, the highest level of Google’s startup support program for companies scaling internationally. The move gives the Romanian company access to Google AI technologies, enterprise-grade cloud infrastructure, and up to USD 200,000 in Google Cloud credits.…

Members of the Romanian Parliament part of the extremist, pro-Russian party SOS Romania, have begun the process of collecting signatures for the suspension from office of Nicușor Dan, according to the leader of the party, Diana Iovanovici-Șoșoacă. So far, 155 lawmakers out of the total 465 have signed for the initiative, Șoșoacă added, without specifying…

Service charges for modern office buildings in Romania could increase by around 10% in 2026 compared to last year, according to a new analysis by Colliers. The increase is mainly driven by higher property taxes, wage growth, and inflation, while overall operating costs are now estimated to be 40%-50% higher than before the pandemic.  The…

Ukrainian authorities adopted a decree on Friday, May 8, amending the list of states whose citizens can hold dual citizenship, adding Romania and numerous other states. Before the amendment, the list included only five states, namely Canada, Germany, Poland, the US, and the Czech Republic, according to Agerpres. The new list includes Austria, Belgium, Bulgaria,…