Category: Uncategorized
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Bucharest court orders judicial control in case of alleged illegal care home network
The leader of the association operating illegal care homes in Bihor, western Romania, Viorel Pașca, his wife, and their three sons were placed under judicial control pending further investigations, according to a ruling by the Bucharest Tribunal made on Thursday, July 2. Prosecutors say that starting in 2020, Pașca and his family recruited and housed…
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Woman struck by lightning in Romania’s Padina mountain area
A woman was injured after being struck by lightning in the Padina mountain area of Dâmbovița County on Thursday, July 2, Romania’s Department for Emergency Situations (DSU) said. She was found conscious and taken to the hospital after receiving first aid at the scene. According to the DSU, the woman suffered burns to her face…
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Bucharest to build three major rainwater retention basins to reduce flood risk
Bucharest City Hall announced that it is moving ahead with plans to build a network of large underground rainwater retention basins aimed at reducing flood risks. The announcement came days after torrential rainfall overwhelmed parts of the city’s drainage system, flooding roads and subway stations. The capital city is developing three major retention basins in…
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Frasers Group completes acquisition of Hervis stores in Romania and Hungary
UK-based retailer Frasers Group completed the acquisition of Hervis’ sporting goods retail operations in Romania and Hungary, expanding its presence in Central and Eastern Europe. The transaction, finalized in June after receiving the required regulatory approvals, includes 78 stores, of which 49 are in Romania and 29 in Hungary. The acquisition strengthens Frasers Group’s regional…
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North Bucharest Investments Exceeds €100 Million in H1 2026 as Bucharest Surpasses 10,000 property transactions in June
The latest figures released by Romania’s National Agency for Cadastre and Land Registration (ANCPI) confirm the continued strength of the country’s residential real estate market, with Bucharest reinforcing its position as Romania’s most dynamic property market. A total of 10,398 property transactions were completed in Bucharest during June alone, maintaining the capital’s status as the…
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Romanian firefighters complete first wildfire mission in France
Romanian firefighters have completed their first wildfire response mission in France this week, helping local authorities contain a vegetation and forest fire in the Aude department as part of a European civil protection deployment. The operation marks Romania’s participation in the EU’s wildfire pre-positioning program in France throughout July. According to Romania’s General Inspectorate for…
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Employers’ association: Business community needs confidence in Romania’s economy to be restored
The European Commission’s Economic Sentiment Indicator (ESI) and its consumer confidence component have fallen to levels last seen during the Covid-19 pandemic in 2020 and are approaching the lows recorded during the 2009–2010 global financial crisis, the Employers’ Confederation Concordia said in an analysis quoted by Economica.net. The decline has not been sudden but gradual…
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Hubix, Nexo Group to develop EUR 28 million project in northern Bucharest
Hubix, a Romanian real estate investment and asset management company, announced it signed a partnership with Nexo Group for the development of Abito Pipera, a residential project located in Pipera, Economedia.ro reported. The project, which has an estimated development value of EUR 28 million, will comprise 150 residential units and commercial spaces, 198 parking spaces,…
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Romanian healthcare operator MedLife reaches network of 37 hyperclinics after recent Bucharest opening
Romanian private healthcare network MedLife has opened a hyperclinic in Bucharest’s District 5 following an investment of more than EUR 1 million. With this opening, MedLife now operates 37 hyperclinics nationwide, including eight in the capital. The company’s hyperclinic concept describes large-scale medical facilities that provide patients with a one-stop-shop healthcare model, offering “everything from…
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Analysis: More than 900 insolvency proceedings in Romania this June
In June 2026, the number of insolvency proceedings continued the upward trend of the previous months, the financial analysis platform RisCo.ro said. While more than 800 new insolvency proceedings were opened in May 2026, the figure exceeded 900 in June 2026. Compared to the same period last year, when 745 proceedings were recorded, this represents…