Category: Uncategorized

Romanian president Nicușor Dan announced on July 18 that he will return recent amendments to the country’s law against extremist organisations to Parliament, despite the Constitutional Court rejecting his objections. The announcement was made during a press conference at the Romanian Embassy in Berlin. The contested legislation, commonly referred to as the Vexler Law, amends…

Corratec, the Romanian production division of the German bicycle group, has signed a production contract with the Austrian brand woom, with bicycles to be primarily delivered to the European and international markets, according to Ziarul Financiar. Production will begin in November 2025. “This partnership is more than a contract – it is a strategic change.…

EEAF Financial Services BV, the majority shareholder of Patria Bank (BVB: BPK), is evaluating strategic options for its 84.05% stake in the Romanian credit institution, including a potential full or partial sale, the bank announced on July 18. The move marks a potential ownership change at one of Romania’s listed banks, although no firm decision…

The new multiannual financial framework (MFF) 2028-2034 envisages a total of EUR 54.6 billion for Romania under the cohesion policies and common agriculture policy (general allocation)  – 17% more compared to the previous 2021-2027 MFF, but at the cost of stricter disbursement criteria, according to the 2028-2034 MFF draft published by Economedia.ro. This involves risks,…

The construction works volume in April-May increased by 0.8% y/y, according to data published by the statistics office INS.  The sector’s modest performance comes after the 10.6% y/y surge in Q1 that was, however, driven by low base effects, therefore not entirely relevant. In fact, the average seasonally and workday adjusted construction works index in…

Romania has already completed its plan of raising EUR 13 billion with FX bond issues on the foreign markets this year, but head of Treasury Stefan Nanu does not rule out new issues to refinance issues maturing next year, according to a Reuters interview. “While we do not need another eurobond issue this year… it…

Romanian prime minister Ilie Bolojan and minister of development Cseke Attila delivered on July 18 an update on the planned local administration reforms, which, besides the state companies reforms, should be drafted by the end of the month. The draft, as outlined by the two officials, is still in an early stage, does not include the…

Romanian foreign minister Oana Țoiu and Germany’s state secretary for foreign affairs Géza Andreas von Geyr signed an Action Plan for strengthened bilateral cooperation on Friday, July 18, in Berlin. The ceremony took place in the presence of Romanian president Nicușor Dan and German chancellor Friedrich Merz, during the Romanian leader’s official visit to the…

A motorcycle crash on Romania’s scenic Transalpina mountain road left two foreign tourists dead and one injured on Sunday, July 20, prompting a large-scale emergency response involving ground and aerial crews. The accident occurred near the village of Șugag in Alba county and involved two motorcycles. Three people were involved in the crash. Two men…

Romanian director Cristian Mungiu will be part of the jury that will judge the films in the main competition of this year’s Venice Film Festival – Venezia 82. The jury, headed by American director Alexander Payne, includes French director and screenwriter Stéphane Brizé, Italian director and screenwriter Maura Delpero, Iranian director and writer Mohammad Rasoulof, Brazilian actress, writer, and…