Category: Uncategorized

Bulgarian insurance company DallBogg will suspend its operations, including the issuance of mandatory motor third-party liability (RCA) policies, in Romania and other European markets starting July 1, 2025, due to unresolved claims and failure to meet obligations to policyholders, Romania’s Financial Supervisory Authority (ASF) announced on June 13. DallBogg entered the Romanian RCA market in…

If the competition authority approves the takeover, Romanian courier company Sameday will most likely become the market leader in terms of turnover in 2025 after the takeover of Cargus, according to calculations from Economedia.ro.  In 2024, the two companies posted revenues of RON 1.2 billion and RON 567 million, respectively, ranking in the second and…

It remains to be seen if policy effectiveness will improve in Romania, given a fragmented legislature and increased social polarisation highlighted by the presidential elections, Fitch Rating agency writes in a post-elections update that doesn’t seem to capture the latest developments on the government formation. The fiscal plan currently under negotiations among parties to form…

The Foreign Investors Council (FIC), a key advocate for Romania’s international business community, has announced a new leadership team for the 2025–2026 mandate.  Gilles Ballot, CEO of Carrefour Romania, will serve as the new President of the organization. He succeeds Daniel Anghel, Country Managing Partner at PwC Romania, who led the council over the past…

More than 85% of Romanians believe the country will face economic difficulties in the near future, with concern particularly high among voters of the Alliance for the Union of Romanians (AUR) and adults aged 30 to 59, according to the latest INSCOP Research Barometer published on June 13 and consulted by Adevarul. “The vast majority…

The Presidential Administration announced that the “Open Doors at Cotroceni Palace” event will become a permanent feature starting June 14, following approval from president Nicușor Dan. Visitors will be able to explore designated areas of the Bucharest palace complex every Saturday and Sunday between 10:00 AM and 6:00 PM. Admission will be free of charge…

Romania’s acting prime minister Cătălin Predoiu conveyed Romania’s condolences to India on Thursday, June 12, following the deadly plane crash in the western city of Ahmedabad. The Air India Boeing 787-8, en route to London, went down in a residential area with 242 people on board. In a message posted on platform X, Predoiu expressed…

Oradea, a major city in northwest Romania, has been selected as a pilot city in the European Union’s LIFE COOL ZONE project, aimed at addressing the growing impact of urban heat waves through climate adaptation strategies. The initiative, funded under the EU’s LIFE Programme, promotes cross-border cooperation between Romania and Hungary and focuses on scalable,…

The ASTRA Center for Activities and Regional Resources in Sibiu, a medieval guildhall turned into a training and cultural hub, is among this year’s winners of the European Heritage Awards / Europa Nostra Awards in the Education, Training and Skills category. The Sibiu center has set “a national precedent for recognizing traditional crafts, professionalizing artisans,…

Symmetrica, Romania’s leading producer of vibropressed paving stones and curbs, has finalized a EUR 15 million investment in a new production facility in Doaga, Vrancea county. The site becomes the company’s largest industrial center, spanning 30 hectares and including four production halls and a logistics warehouse. The new facility, built on infrastructure previously owned by…