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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…

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…

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…

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…

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…

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…

A revamped Dimitrie Leonida Technical Museum opened to the public this past weekend with an extended exhibition area, a focus on young audiences, and plans to continue its transformation. The museum, located in Bucharest’s Carol I Park, was founded by engineer Dimitrie Leonida (1883–1965), who had a keen interest in the history of science and…

Construction has begun on a major tourism project in western Romania, with authorities aiming to transform the Semenic area into a key ski destination. The investment, worth over RON 224 million (around EUR 44 million), includes new slopes, a gondola system, and modern infrastructure. The project was announced by Reşiţa mayor Ioan Popa, who said…

A majority of Romanians are dissatisfied with the government’s handling of the fuel price crisis, while support for the opposition remains strong, according to a new survey by CURS. The poll also showed that the Alliance for the Union of Romanians (AUR) would win parliamentary elections if held next Sunday. The survey, conducted between March…

Several areas with Sarmatian vestiges dating from the 2nd or 3rd centuries have been found on the construction site of the future Western Ring Road of the municipality of Timișoara, western Romania. Archaeological clearance works are being carried out as a result of the finding, coordinated by a team of specialists.  “Traces of habitation from…