Category: Uncategorized

Orchid, a Romanian company based in Constanța controlled by the Romanian-Swedish family Muntmark, has secured contracts to install wind turbines with a combined capacity of 276 MW in Romania and Austria, Economica reported on June 16. The projects are being executed in partnership with Danish turbine manufacturer Vestas and mark a significant expansion for Orchid…

Romanian eyewear retailer Lensa has announced new shareholders, including international group OH Holding Limited and ATM Ventures, part of the Autonom group, Ziarul Financiar and Profit.ro announced. OH Holding Limited is represented by Oleg Kalashnikov, a Ukrainian entrepreneur with extensive international experience in the optical and healthcare sectors. He is the founder of Luxoptica, one…

The Romanian air filter and protective mask manufacturer Filtre Aer Curat (Eversted brand), owned by the Ene family in Prahova county,  has won a EUR 3 million European grant to develop a new EUR 5 million factory, according to Ziarul Financiar.  The production unit is expected to be ready by the end of 2026 and…

The planned fiscal consolidation measures in Romania are likely to weigh heavily on already sub-optimal economic growth, ING Bank Romania economists Valentin Tătaru and Ștefan Posea warned in an analysis cited by CursDeGuvernare on June 16. They expect the country’s GDP to grow by just 1.2% in 2025, well below the Government’s initial forecast of…

Romania’s seasonal and workday-adjusted industrial output increased for the second month in a row in April (+2.3% m/m), reaching the highest level in the past 12 months after having demonstrated a fragile (+1.4% per annum) and not particularly statistically relevant trend across the past year, according to data published by the statistics office. This is…

After another day of negotiations on June 16, the four pro-Western parties seeking a ruling majority failed to provide more clarity on the name of the future prime minister or specific elements of the fiscal consolidation plan. After various political scenarios have been explored already without gaining consensus support and the expert committee has reportedly…

The austerity measures that have been circulated in the media “are unacceptable,” trade union Cartel Alfa leader Bogdan Hossu told president Nicușor Dan at the discussions held at Cotroceni Palace on June 16. The trade union federation Cartel Alfa argued that bonuses and salaries should not be cut without detailed analysis, because “this would lead…

The performances of the Israeli companies Vertigo Dance Company and Kibbutz Contemporary Dance Company, scheduled in the program of the Sibiu International Theatre Festival (FITS), have been canceled due to flight bans in Israel, the organizers of the Sibiu festival announced. The FITS president, Constantin Chiriac, said that solutions were being sought to fill the…

The Romanian Movie Festival, presenting a program of films reflecting “the thematic and artistic diversity of contemporary Romanian cinema,” is scheduled to take place in Nicosia between June 17 and June 20. The event, held at the headquarters of Romania’s Diplomatic Mission in Nicosia, is the first of its kind in Cyprus, the organizers said.…

The ICU section of Timișoara County Hospital will be expanded, with four additional ICU rooms for adult patients being added.  The investment is carried out within a cross-border project rolled out in collaboration with Csongrad-Csanad County in Hungary, the Timiș County Council announced. The expansion will take place on the second floor of the Timișoara…