Category: Uncategorized
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Art & Design Market returns this weekend in Bucharest
The ninth edition of the biannual event Art & Design Market returns this weekend with an art and design fair and an exhibition. The exhibition, Corp Botanic/ Botanical Body, is open at Primitiv Plants between April 24 and April 26. The show, curated by Vlad Nancă, is described as “a reflection on the body as…
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Bucharest to receive EUR 266 mln EIB loan tranche to modernize tram network
Bucharest is set to receive a EUR 266 million loan tranche from the European Investment Bank (EIB) to modernize its tram network, as part of a broader effort to improve urban mobility and reduce emissions. The financing will allow the city to renovate around 50 km of tracks, introduce new vehicles, and upgrade depots, the…
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Legendary Romanian gymnast Nadia Comăneci receives Laureus Lifetime Achievement Award
Romania’s Nadia Comǎneci, celebrated as one of the most iconic figures in gymnastics history, has been awarded the Laureus Lifetime Achievement Award, one of the highest honors in global sport, during a ceremony held in Madrid. The recognition comes nearly 50 years after her historic performance at the 1976 Olympics. The award, presented by the…
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CFA Romania defends government’s plans to list more state-owned enterprises
CFA Romania Association has outlined the benefits for the state budget and for the functioning of the economy, of listing more state-owned enterprises (SOEs) by public offering of minority stakes. The report addresses the criticism reported by the Social Democrats (PSD) after deputy prime minister Oana Gheorghiu included in a note on the SOEs restructuring…
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Romania’s FinMin talks with rating agencies, financial institutions in Washington
Romania secured EUR 2 billion in financing, including EUR 1 billion for the retrofitting of Cernavoda nuclear reactor (1st unit) and EUR 500 million for Transgaz projects, finance minister Alexandru Nazare announced after he participated in a ministerial visit to the United States in Washington, according to Economedia.ro. The main message sent to investors was…
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Romanian company comes up with second magnesium mine project in the country
Romanian company with local owners, Mineral Proiect Invest, has started legal procedures to open a mining operation in Sibiu County, where a magnesium deposit will be exploited, according to Libertatea.ro. The investment is valued at an initial value of almost EUR 100 million. The investment covers the costs of opening the quarry in the Valea…
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UniCredit enters Romania’s top three banks by assets after Alpha Bank takeover
UniCredit has moved into the top three largest banks in Romania by assets in 2025 following its takeover of Alpha Bank’s local operations, according to calculations by Economica.net based on data published by credit institutions. Banca Transilvania and Banca Comercială Română (BCR) retained their positions as the two largest banks in the country. UniCredit’s expansion…
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Romanian PM Ilie Bolojan vows to stay in office after Social Democrats withdraw support
Liberal (PNL) prime minister Ilie Bolojan said he will remain in office after the Social Democratic Party (PSD) withdrew its political support on Monday evening, April 20, triggering a fresh political crisis in Romania. The PM described the move as a “completely wrong and irresponsible decision” that risks destabilizing the country. Bolojan, the leader of…
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Romanian Social Democrats overwhelmingly vote to withdraw support for Liberal PM
Representatives of the Romanian Social Democratic Party from across the country voted on Monday, April 20, during an internal consultation to withdraw political support for prime minister Ilie Bolojan. No fewer than 97.7% of the 5,000 PSD representatives voted against the Liberal head of the executive. The vote took place online, through a special app.…
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Arta Chalet: How this retreat took shape in Romania’s Dealu Mare wine region
Arta Chalet, a cabin property in the wine region of Dealu Mare, is getting ready to open its fifth chalet, which completes the original plan for the site. Founder Emanuel Nae told Romania Insider more about the journey from idea to implementation and some of the plans to take it further. How it all started…