Category: Uncategorized
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Taste of Tradition, Spirit of Celebration: Easter Brunch at Radisson Blu Hotel Bucharest on April 12, 2026
In the spirit of one of spring’s most important celebrations, Radisson Blu Hotel, Bucharest invites guests to celebrate Easter through a refined gastronomic experience, set in an elegant and welcoming atmosphere. On Sunday, April 12, 2026, between 12:30 and 16:30, the hotel hosts its traditional Easter Brunch, an event dedicated to the joy of togetherness,…
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Romania classified as ‘stagnator’ in EU rule of law report as concerns persist across bloc
Romania has been classified as a “stagnator” in a new European rule of law report, indicating no meaningful progress in addressing long-standing issues, according to findings by the Civil Liberties Union for Europe (Liberties). The country is among ten EU member states where rule of law conditions remain largely unchanged, Digi24 reported. The Liberties Rule…
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Court backs ANCOM in dispute over government staff cuts in Romania
Romania’s telecom regulator ANCOM has secured a court ruling suspending government-backed staff reduction measures, in a dispute that raises concerns over institutional independence. The Bucharest Court of Appeal upheld objections filed by the regulator, with a final ruling expected from the High Court of Cassation and Justice, Hotnews.ro reported. In its reasoning, the court said…
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Romania’s High Court to sue government over insufficient budget
Romania’s High Court (ICCJ) is preparing to sue the government after the executive cut its budget, which is supposed to finance, among others, the deferred payment of the retroactive wage hikes won by magistrates in court, G4media.ro announced. This month, the government cut the budget of ICCJ to accommodate a RON 1.1 billion “solidarity package”…
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Romania’s Black Sea Oil Terminal begins procedures to build bitumen terminal for Swiss partner
Romania’s state-controlled Oil Terminal (BVB: OIL) announced that it has initiated the procurement procedure for the contractor of the bitumen terminal to be built for its Swiss partner Euronova, which is financing the project and will hold exclusive exploitation rights for a period of 10 years. The service contract will guarantee an annual operation of…
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UniCredit Romania floats 2031, 6.82% bonds at Bucharest Exchange
UniCredit Bank Romania has listed a RON 600 million (EUR 118 million) corporate bond issue on the Bucharest Stock Exchange, marking its sixth such placement on the local market, the bourse said. The bonds began trading on March 27 under the ticker symbol UCB31. Remus Vulpescu, Chief Executive Officer of the Bucharest Stock Exchange, said…
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Romania’s Hidroelectrica to distribute entire 2025 profit as dividends
The state-controlled company Hidroelectrica (BVB: H2O), the largest energy producer in Romania, has convened the ordinary general meeting of shareholders on April 28, when they will vote on the distribution of its entire 2025, RON 3.3 billion (EUR 673 million), as dividends, according to the report published on the Bucharest Stock Exchange BVB. The dividend…
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Raiffeisen confirms takeover of Garanti BBVA’s Romanian subsidiary
Austria’s Raiffeisen Bank confirmed on March 28 that it would buy Garanti BBVA’s Romanian business for EUR 591 million, its first significant acquisition in recent years, according to Reuters. The takeover will bring Raiffeisen to fourth place in Romania by assets, after Banca Transilvania, BCR, and UniCredit – from its sixth place before the takeover, by…
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Japan Credit Rating Agency improves Romania’s sovereign outlook
The Japan Credit Rating Agency – JCR on March 27 improved the outlook on Romania’s sovereign debt to stable from negative. The rating was affirmed at BBB for the long-term foreign debt and BBB+ for long-term domestic currency debt – one, respectively two notches above the non-investment grade. Romania returned to the JPY bond market…
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Romania’s largest refinery to resume operations after planned outage
Rompetrol Rafinare (BVB: RRC) has completed the mechanical works included in the planned turnaround of the two operated refineries – Petromidia Năvodari and Vega Ploiești, a company press release announced. The company ranks as the country’s largest fuel producer, refining oil imported from Kazakhstan through the Novorossiysk port in Russia. Petromidia refinery is one of the…