Category: Uncategorized
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Bucharest’s District 2 installs first solar-powered EV charging station
Bucharest’s District 2 has launched a pilot project that makes it the first community in Romania to host a fully autonomous, solar-powered EV ARC charging station. Installed in the parking lot in front of the District 2 City Hall on June 26, the station operates entirely off-grid, using only solar energy to power electric vehicles,…
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Play Giurgiu: Weekend festival brings film screenings to southern Romania city lacking cinema hall
Play Giurgiu, a festival for children and teenagers, will present a program of films, workshops, and other cultural activities in the southern Romania city of Giurgiu, which lacks a cinema hall. The event, taking place between June 27 and June 29, is organized by the animation festival Animest at the city’s Tudor Vianu theater and…
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Romania to prolong price-capping mechanism for basic food goods by end-September
The cap on the commercial markup for basic foods will be extended by three months, until September 30, 2025, according to a draft emergency ordinance published on June 26 by the Ministry of Agriculture and Rural Development (MADR), Digi24 reported. According to Government Emergency Ordinance No. 67/2023, with subsequent amendments and additions, the commercial markup…
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Romanian president tackles fiscal plan, PNRR with EC head von der Leyen in Brussels
The first fiscal corrective package of the seven-year fiscal plan would be endorsed in an extraordinary session of the Parliament by the end of July, Romania’s president Nicusor Dan said in Brussels after meeting European Commission’s president Ursula von der Leyen. “As we agreed before the formation of the government, they [the first fiscal measures]…
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Romania’s car production down 6% in first five months of 2025 despite May rebound
Romania’s car production declined by 6% year-on-year in the January–May 2025 period, totaling 231,181 vehicles, according to data released by the Romanian Automobile Manufacturers Association (ACAROM) on June 26. The drop occurred despite a significant rebound in May when output rose 20% compared to the same month last year. Of the total vehicles produced in…
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EC estimates progressive taxation could bring Romania over 3% of GDP in budget revenues
The European Commission estimates that progressive taxation levied on global income in Romania, with tax rates of 6%,12%, and 18%, would bring EUR 11.8 billion in revenues to the budget, according to an analysis consulted by Profit.ro. The study does not account for the [negative] impact on employment or capital formation and GDP growth, however.…
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Banca Transilvania raises RON 1.5 bln in first sustainable bond issue on Bucharest Stock Exchange
Romania’s largest lender, Banca Transilvania (BVB: TLV), announced it successfully raised RON 1.5 billion (EUR 300 million) with its first sustainable bonds issue in RON on the Bucharest Stock Exchange, which demonstrates the high interest of local investors, despite the uncertain economic context. The issue consisted of senior non-preferred bonds, having a maturity of…
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Romania to cut scholarship spending
The Ministry of Education announced a reform of the scholarships paid to pupils, while the Ruling Programme, as published by the Government, envisages a 40% reduction in the per-student budget for scholarships. Both measures prompted protests since they were among the first announced out of a broader set of measures aimed at achieving significant fiscal…
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Romania to cap bonuses for harmful working conditions
The bonuses paid to employees in both local and central public administration for harmful working conditions will be cut from 15% of the gross wage (but no more than RON 1,500 / EUR 300 per month) to a lump sum of RON 300 (EUR 60) per month under a draft emergency ordinance published by the…
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Romania’s David Popovici, Denis Popescu win gold on first day of European U23 Swimming Championships
Romania started strong at the European Aquatics U23 Swimming Championships in Samorin, Slovakia, claiming two gold medals on the first day of competition. Swimming star David Popovici took gold in the men’s 200m freestyle with a time of 1:43.64, while Denis Popescu claimed the top podium spot in the 100m butterfly, finishing in 51.48 seconds. …