Category: Uncategorized

President Nicușor Dan decorated His Holiness Bartholomew I, the Ecumenical Patriarch of Constantinople, with the National Order “Star of Romania” in the rank of Collar, the country’s highest distinction. The Romanian Patriarchate also received the Order “Cultural Merit” in the rank of Grand Officer. The honor was presented to Patriarch Bartholomew I “as a sign…

Romanian telecom operator Digi Communications (BVB: DIGI) plans to list its Spanish subsidiary in an initial public offering (IPO) expected to value the business at around EUR 2.5 billion, Profit.ro reported. Digi has appointed Barclays, Santander, and UBS as global coordinators for the offering, while Rothschild will act as financial adviser. The IPO is targeted…

International rating agency Fitch has affirmed the issuer default rating (IDR) of Romanian state-controlled natural gas group Romgaz (BVB: SNG) at BBB-/negative, in line with the country’s sovereign, the highest rating the agency could have assigned to the company.  However, Romgaz’s BBB- rating benefits from a one-notch uplift from its bb+ Standalone Credit Profile (SCP)…

The International Center for Settlement of Investment Disputes in Washington (ICSID) rejected the Romanian government’s request to terminate the arbitration case filed by the Bulgarian group Eurohold (Eurohold Bulgaria AD) and its insurance arm Euroins Insurance Group (EIG) due to the withdrawal of the license and the declaration of bankruptcy of Romanian subsidiary Euroins Romania…

Swiss cement producer Holcim has signed a binding agreement to acquire Germany’s Xella Group, one of the largest players in Romania’s construction materials industry, Profit.ro reported. The deal, valued at EUR 1.85 billion, will see Holcim purchase Xella from US private equity firm Lone Star Funds.  Xella, headquartered in Duisburg, employs 4,350 people and operates…

The macroeconomic confidence indicator compiled by the CFA Romania Society increased marginally by 0.3 points month-over-month (m/m) to 37.5% points in September, thus remaining in the negative territory of the 0-100 scale, not far from the values seen over the past year and a half.  While the expectations showed no visible trend over the period,…

The general government budget deficit increased by 6.5% y/y to RON 102.5 billion (EUR 20.2 billion) in January-September, according to data published by the Ministry of Finance. The deficit-to-GDP ratio narrowed slightly to 5.39% in the first nine months of the year, compared to 5.47% in the same period last year. The revenues increased disappointingly…

Inger Johansson has won the Romanian Cultural Institute (ICR) award for translation for the Swedish translation of Mihail Sebastian’s The Correspondence of Marcel Proust, published by Bokförlaget Faethon. The volume was published in 2024 with support from the ICR through the Translation and Publication Support program. The award was presented during the Iași International Literature…

Exim Banca Romaneasca and Maschio Gaspardo Romania are carrying out a strategic partnership through which the Bank, in its capacity as Romania’s Export Credit Agency, supports the company’s exports, providing protection against various commercial and political risks associated with external markets. Maschio Gaspardo Romania, the largest local producer of agricultural machinery, with a production unit…

Baritone Mihai Damian, a soloist of the Romanian National Opera in Cluj-Napoca, has won the Male Voice category’s first prize at this year’s edition of Operalia, the competition for young opera artists established by Plácido Domingo. He also won the competition’s Audience Award and the special award offered by the Ministry of Culture of Bulgaria,…