Category: Uncategorized
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Redport and Dan Șucu launch Vitality Est showroom, break ground on EUR 50 mln residential project in Bucharest
Real estate developer Redport and businessman Dan Șucu officially inaugurated the showroom for their latest residential project, Vitality Est, and announced the start of construction work on the site near Pantelimon Park and Lake in eastern Bucharest. The project, estimated at EUR 50 million, will include 500 apartments and 400 square meters of commercial space.…
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Colliers: Romanians spent EUR 3 bln on international travel in first four months of 2025
According to an analysis from real estate consultant Colliers based on National Bank of Romania data, Romanians spent more than EUR 3 billion on international travel in the first four months of 2025, 15% more than in the same period of 2024. If the current pace continues, Romanians’ spending on foreign holidays and business travel…
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Romania ranks first in EU in terms of citizens living in another member state
Around 3.1 million Romanians lived outside the country in 2024, making Romania first among European Union countries in terms of the number of its citizens living abroad, in another EU member state, according to an infographic presented by the European Parliament. Roughly 16% of Romanians lived abroad last year, most in Italy (1.07 million), Germany…
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Bucharest’s Hotel Cișmigiu sees 9% higher revenues, 77% occupancy rate in H1 2025
Hotel Cișmigiu in downtown Bucharest, part of Hercesa Romania’s portfolio since 2004, saw revenues and occupancy rise in the first half (H1) of 2025. Total revenues rose by 9% compared to the same period last year, while the hotel’s occupancy rate increased to 77%, up by six percentage points year-over-year. The Average Daily Rate (ADR)…
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Romania’s Cernavodă nuclear power plant receives green light for modernization
The modernization of Reactor 1 within the Cernavodă nuclear power plant and the expansion of storage capacity for spent fuel have received environmental approval, according to energy minister Bogdan Ivan. Combined, the two projects will allow Reactor 1 to operate safely for another 30 years, providing 700 MW of energy, according to the official. The…
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AUR challenges Romanian government’s first fiscal corrective package at Constitutional Court
The far-right Alliance for the Union of Romanians (AUR) filed a constitutional challenge against the “austerity law” recently passed by the Ilie Bolojan government through the assumption of responsibility procedure. AUR claims the law through which the first fiscal corrective package was adopted is “profoundly unjust, unconstitutional, and a cynical abuse of power that bypasses…
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Romanian defense minister salutes US decision to continue supplying weapons to Ukraine
Romanian defense minister Ionuț Moșteanu welcomed US president Donald Trump’s decision to continue supporting Ukraine with modern weaponry, including Patriot systems, on Monday, July 14. The minister noted that the announcement made by president Trump and NATO secretary general Mark Rutte regarding the delivery of weapons to Ukraine is a strong signal to the Kremlin. …
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Romania’s Art Safari launches campaign to encourage screen-free art viewing
Art Safari, one of Romania’s most popular art events, is calling on visitors to put down their phones and reconnect with art in a more meaningful way. The initiative, titled #SăptămânaFărăTelefoane (#WeekWithoutPhones), is set to run from July 17 to 20 and encourages guests to experience exhibitions without distractions from screens, stories, or selfies. In…
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E.ON Drive Infrastructure unveils largest electric vehicle charging hub in Romania
Charge point operator E.ON Drive Infrastructure announced the largest electric vehicle charging hub in Romania in Pitești on Tuesday, July 15. Located in the Vivo! Shopping Complex, the facility includes 50 charging points of various power levels. The company has now surpassed the threshold of 400 publicly available charging points in Romania. The new hub…
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First Wizz Air aircraft maintenance center in Romania to open at Bucharest Băneasa
Low-cost airline Wizz Air announced the opening of its first dedicated aircraft maintenance center in Romania, located at Bucharest Băneasa International Airport. Developed in partnership with aerospace and defense company Romaero, the facility marks a strategic move in the airline’s local and regional operations. Scheduled to begin operations in October 2025, the maintenance center will…