Category: Uncategorized
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Romania’s private consumption drops on VAT rate hike effects in August
Romania’s retail sales volume index contracted by 4.1% in August after a 5.4% y/y advance in July (revised from +5.3% y/y), the statistics office INS announced on October 6. The sudden slowdown in August was expected and it probably overstates the fundamental deceleration in the private consumption as an effect of higher VAT rate and…
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Romania expects this week the EC’s EUR 1 bln decision on coal-fired power units
Romania expects a response from the European Commission after the government in Bucharest asked for permission to defer the closure of several coal-fired power units, absolutely necessary for balancing the power system this winter, as the gas-fired units supposed to replace them are not yet in place, energy minister Bogdan Ivan announced on October 6…
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Kyiv–Bucharest direct train service to begin this week
Romania’s national railway operator, CFR Călători, announced that a new direct international train service will connect Kyiv and Bucharest beginning this Friday, October 10, marking a significant addition to cross-border rail links between Romania and Ukraine. According to a statement released by the company, the new route will operate via Ungheni and will offer a…
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Econergy buys out partner’s 50% stake in Romania’s largest PV project to date
Israeli-based Econergy Renewable Energy announced that it agreed to buy out the 50% stake held by its partner, TVSE-listed Nofar Energy, in the 155 MWp Rătești photovoltaic plant, the largest in Romania. The company announced plans to add a 120 MW battery energy storage system under a EUR 32 million investment, according to Balkan Green…
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Romania’s M&A market roughly steady in January-September amid notable outbound activity
The Romanian mergers and acquisitions (M&A) market increased by 8.5% y/y by the number of deals, to 216 transactions, but contracted by 1.9% y/y to USD 5.4 billion by the estimated value in the first nine months of 2025, according to an EY analysis. Three outbound deals stood out in the third quarter of the…
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Romanian General Prosecutor’s Office launches criminal case against MEP Diana Șoșoacă for 11 offenses
The General Prosecutor’s Office announced on Monday, October 6, that European Parliament member Diana Șoșoacă is under criminal investigation for 11 offenses, including illegal deprivation of liberty, promoting fascism and legionary ideology, and denying the Holocaust, Biziday.ro reported. Șoșoacă, leader of the far-right party SOS Romania, was questioned earlier in the day at the Prosecutor’s…
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UrbanEye 2025 to commemorate a decade since Colectiv Club fire in Bucharest
UrbanEye, a festival dedicated to documentaries about architecture, cities, communities, and housing, is set to host its 12th edition between October 30 and November 9 in Bucharest. This year’s edition is dedicated to commemorating ten years since the fire at Colectiv Club, as well as to the memory of Cătălina Ioniță and Mihai Alexandru, co-founders…
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ETF tracking main Romanian equities reaches record asset value, investors
The BET Patria – Tradeville ETF, the largest one investing in Romanian equities, reached RON 600 million in total assets last month, less than three months after reaching RON 500 million in July 2025. It also reached 30,000 investors, up from 27,000 at the end of September 2024. Founded in 2012, the exchange-traded fund, or ETF,…
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Fugitive former Bucharest mayor Sorin Oprescu detained in Greece again
Sorin Oprescu, the former mayor of Bucharest, sentenced to almost 11 years in prison for corruption in 2022, has been detained in Greece last week. The fugitive politician was detained before, but Greek authorities refused extradition. Oprescu, 73, is wanted in Romania for forming an organized criminal group, accepting bribes, and money laundering. As such,…
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Rewilding Romania secures EUR 106,000 grant to advance river restoration in Southern Carpathians
Rewilding Romania has received new funding of EUR 106,473 from the European Open Rivers Programme to begin the second phase of its river restoration initiative in the Southern Carpathians. The project aims to restore the natural flow and biodiversity of rivers by removing damaged artificial barriers. The new phase focuses on the development of technical…