Category: Uncategorized
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Three dead, many others injured after powerful explosion at apartment building in Bucharest
A powerful explosion at a residential building rocked the Rahova neighborhood in southern Bucharest, District 5, on Friday morning, October 17, leaving 3 dead and at least 17 injured. The building is now at risk of total collapse, according to the authorities. The explosion affected two floors of an eight-story building, with the upper corner…
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Holiday season in Brașov to start at the end of November with Christmas market, lights
Brașov City Hall announced that the Christmas lights will be switched on November 30, marking the official opening of the 2025 Christmas Market. The event is planned to take place across three main areas, namely Sfatului and Sfântul Ioan squares, plus the area of the Transilvania University Rectorate. The market will run from November 30,…
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SolarToday commissions 10.32 MWh energy storage system in Romania
SolarToday Eastern Europe commissioned a 10.32 MWh utility-scale battery energy storage system – BESS in Vaslui county, Romania. In addition, the company announced plans to expand its local presence further. The 10.32 MWh system stores solar power from a 6 MW photovoltaic park in Zorleni and delivers it during peak demand to help balance the…
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Thousands of Ukrainian refugees interviewed by Romanian prosecutors investigating genocide
Romania’s general prosecutor, Alex Florenţa, stated that thousands of refugees from Ukraine, who arrived in Romania after the start of the war in 2022, were interviewed by prosecutors as part of the international case investigating accusations of genocide. Alex Florenţa said on Thursday evening, October 16, on Radio România Liberă, that two Romanian prosecutors are…
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Grup EM to list shares on Bucharest Exchange after undersubscribed IPO
The initial public offering (IPO) of Grup EM, the Romanian energy group that includes Electromontaj and Iproeb among other companies, closed on October 16 at 12:00 after two weeks of subscriptions, raising EUR 4.85 million for the 725.476 shares – the equivalent to 38% of the total number of shares offered under the IPO, for…
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Head of Romanian Fiscal Council tones down forecasts predicting prolonged, deep recession
Romania’s economic growth will be somewhere between 0-1% and further acceleration in 2026 remains unclear, Fiscal Council head Daniel Dăianu said in a conference, as quoted by Economica.net. He toned down extreme pessimistic scenarios, such as those expressed by BRD-SocGen’s chief economist, Florian Libocor. Libocor, in a conference this week, nearly ridiculed those still expecting…
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Survey reveals cautious investment plans among Romanian companies
Amid inflation, rising costs, and recent tax changes, 80% of respondents to a survey by the employers’ association Concordia believe the economic environment has deteriorated, while 71% expect further deterioration over the next 12 months. Investment plans remain cautious in this context, signaling a potential drag on economic growth. According to the survey, which included…
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IKEA Romania reports 8.6% sales growth in fiscal year 2025
Furniture retailer IKEA Romania said that it recorded an 8.6% increase in total sales in fiscal year 2025, driven by strong performance across both online and offline channels. Total turnover surpassed RON 1.5 billion between September 1, 2024, and August 31, 2025, with more than 43.9 million products sold. The company’s online sales rose by…
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Romanian Lectorate at University of Cambridge offers open courses and cultural events
The University of Cambridge has established a new Romanian Lectorate within its Faculty of Modern and Medieval Languages and Linguistics (MMLL), according to the official announcement. Fully funded by the Romanian government through the Institutul Limbii Române (ILR), it will offer open courses in Romanian language and a series of cultural events accessible to all…
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Bill clearing completion of hydropower projects in Romanian protected areas prompts tensions
A draft law approved by Parliament after a negative vote in the Senate was overruled by the Chamber of Deputies, clearing the hydropower projects in the environmentally-protected areas that held the necessary permits as of mid-2007, when the environmental protection was instated, received harsh criticism from environment minister Diana Busoianu (Save Romania Union – USR). …