Category: Uncategorized

Romania’s average net wage rose by 4.4% y/y to RON 5,674 (EUR 1,115) in Q4 last year, but the nominal advance was fully offset by the high 9.7% y/y inflation, resulting in a 4.9% y/y real decline in employees’ purchasing power, according to data published by the statistics office INS. It was the second consecutive quarter…

Norwegian renewable energy group Scatec ASA has reached financial close for its 190 MW “Dobrun & Sadova” solar portfolio in southern Romania and is set to begin construction, the company said in a press release. The projects are backed by a 15-year Contract-for-Difference (CfD) signed with Opcom, Romania’s electricity market operator, covering around 70% of…

The European Bank for Reconstruction and Development (EBRD) announced it participated in the recently concluded initial public offering (IPO) of Electro-Alfa International (EAI), a Romanian leader in advanced electrical engineering solutions for critical infrastructure, subscribing EUR 16.4 million for a 5% stake in the company’s share capital. “Our equity investment in Electro‑Alfa reflects the EBRD’s…

Romanian construction materials distributor Temad will invest EUR 12 million in a new logistics centre in Ghimbav, Brașov County, founder Florin Madar announced, as cited by Ziarul Financiar. Temad, headquartered in Brașov, is one of the largest players in Romania’s construction materials distribution market. The company posted a turnover of EUR 52 million in 2025,…

The European Bank for Reconstruction and Development (EBRD), in a press release on February 12, announced it is set to complete the sale of Danube Logistics, the operator of the Giurgiulesti International Free Port (GIFP), to the Romanian state-owned Port of Constanta (CNAPM Constanta). The contract was signed on New Year’s Eve (December 31) according…

The shareholders of Romanian nuclear group Nuclearelectrica (BVB: SNN), where the state holds a 82.5% stake, have approved on February 12 the final investment decision in the Small Modular Reactors (SMR) Project from Doicesti, according to a company’s note to investors. A budget of about USD 600 million is estimated for the next stage of…

President Nicușor Dan participated on Thursday, February 12, in the informal meeting of the European Council at Alden Biesen Castle in Belgium, where the “two-speed Europe” project was debated.  If approved, the project would see a closer union between some of the EU’s member states. “This should not scare us. Europe with multiple speeds, or…

Romanian foreign minister Oana Ţoiu, together with her Colombian counterpart, Rosa Yolanda Villavicencio, marked the reopening of the Embassy of the Republic of Colombia in Bucharest on Wednesday, February 11, after 24 years of absence. The Colombian official’s presence at the opening marked the first bilateral meeting at the level of foreign ministers since 1994.…

A selection of Romanian films that capture complex connections and love in its many expressions. Metronom Alexandru Belc’s first fiction project follows the story of a group teenagers living in 1970s Romania who go from a house party to being accused of plotting against the state. Love, rebellion and repression mix in this “beautiful, serene” film.…

The Ministry of Sound Classical show will arrive in Romania for the first time in 2026. The event will take place at Romexpo – Pavilion B in Bucharest on December 12. The Ministry of Sound Classical concept blends iconic dance tracks with the power of a live symphony orchestra. The Bucharest edition will feature a…