Category: Uncategorized
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District 4 mayor tops poll for Bucharest City Hall, election date yet to be announced
District 4 mayor Daniel Băluță of the Social Democratic Party (PSD) is currently the frontrunner in the race for Bucharest City Hall, according to a new CURS poll released on Sunday, October 19, and quoted by Agerpres. However, the election dates are yet to be set by the government, and the official candidates have not…
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Thousands join march for women’s safety in Bucharest
Thousands of people took to the streets of Bucharest on Sunday, October 19, to participate in the “Together for Women’s Safety” march, calling for stronger action against gender-based violence and improved protection for women and girls in Romania, news agency Agerpres reported. Similar awareness events took place in cities such as Brașov, Sibiu, Iași, Baia…
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Portugal’s Greenvolt orders 42 turbines from GE Vernova for 252 MW Romanian wind farm
GE Vernova announced that it has entered into an agreement with Portugal’s Greenvolt International Power to supply, install, and commission 42 onshore wind turbines with a capacity of 6.1 MW each to power a wind farm in southern Romania (Ialomița County), according to Economica.net. The contract for the Ialomița project was registered in the third…
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Romania’s public deficit reportedly up 7% y/y to 5.4% of GDP in January-September
The general government budget deficit in Romania increased by 7% y/y and reached RON 103 billion (EUR 20 billion) in January-September, according to data published by Gandul.ro. The deficit-to-GDP ratio edged marginally down to 5.42% in the first nine months of 2025, based on the RON 1.9 trillion GDP projected by the state forecasting body…
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Strong demand from individual investors for Romania’s Cris-Tim shares
The individual investors placed orders for RON 47.4 million (EUR 9.5 million) worth of shares put up for sale by cold cuts producer Cris-Tim (BVB: CHF) under the Bucharest Exchange IPO, according to Ziarul Financiar reporting after the first day of the public offering. Some 67% of the tranche for individual investors was thus already subscribed.…
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Romania’s Electrica to develop 1 GW of storage capacities by 2030
Electricity supplier and provider Electrica (BVB: EL), with the Romanian state as the largest shareholder, began the procedure for obtaining the necessary permits for the construction of 15 electricity storage battery parks, with a capacity of approximately 1 GWh. The project is scheduled for completion by 2030. Electrica will thus capitalise on land it already…
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Romanian minister “seeks a way” to dismiss management of state salt company Salrom
Economy minister Radu Miruţă (USR) announced on October 18, after the conclusions of the report of the prime minister’s control body regarding the disaster at Praid salt mine, which was flooded earlier this year, that he asked the Salrom management to resign but they refused, he asked for a meeting and they refused again, and…
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Romanian state-owned gas producer Romgaz sues European Commission over CO2 storage quotas
Romanian gas producer Romgaz (BVB: SNG) has filed an action with the European Court of Justice against the European Commission, requesting the annulment of certain regulations that impose CO2 storage quotas on oil and gas companies. The company considers the quotas disproportionate. It is the first time that Romgaz has initiated a direct action against…
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Bucharest residents invited to donate clothes, food to families affected by residential building explosion
Bucharest residents can donate clothes in good condition, non-perishable food, and toys for the families affected by the explosion that left 3 dead and many others injured, and nearly collapsed the apartment building in District 5 on Friday, October 17. “Following the devastating explosion in District 5, entire families have been left without housing, and…
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Romanian SMR project developer announces contract with global nuclear software leader
RoPower Nuclear, the developer of the SMR (small modular reactor) project in Doiceşti, Romania, announced the signing of a contract with Studsvik Scandpower, one of the global leaders in software dedicated to nuclear fuel analysis, on Friday, October 17. The president of the Swedish group emphasized that Romania is setting an important precedent for the…