Category: Uncategorized
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Romanians spent EUR 59 mln in cinemas in 2024, down 5% from previous year
Romanians spent EUR 59 million at the cinema in 2024, down 5% from the previous year, as higher ticket prices and fewer spectators contributed to a cooling market, according to data from the Romanian Film Center analyzed by Cushman & Wakefield Echinox. While the average ticket price rose by 10% to RON 26.1, the number…
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Collective layoffs hit 4,350 in April in Romania
In April 2025, about 4,350 employees from 14 counties of Romania were left without a job following employers’ decisions to carry out collective layoffs, according to data reported by the Territorial Labor Inspectorate for each county that responded to Ziarul Financiar. Most employees left without a job last month, according to these data, are from…
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Romania’s Antibiotice wins major UK public contract for injectable antibiotics
Romanian pharmaceutical producer Antibiotice Iași (BVB: ATB) announced that it secured its fifth consecutive contract with the United Kingdom’s National Health Service (NHS), significantly increasing its presence in the British market for injectable beta-lactam antibiotics. The agreement involves the supply of seven million vials of five types of sterile injectable penicillins to UK hospitals over…
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Swiss VAT Group opens third global hub with new factory in Romania
Swiss-based VAT Group, a global leader in vacuum valve manufacturing, announced in a press release on June 5 that it inaugurated a new factory in Arad, western Romania, marking its third major operational hub worldwide. The new facility joins VAT’s global network alongside its headquarters in Switzerland and a key unit in Malaysia. The new…
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Liberty Steel fires blast furnace in Romania but remains under mounting debt
Romania’s sole flat steel producer and among the few still operational in Europe, Liberty Galati (part of GFG Alliance’s Liberty Steel Group), announced it resumed activity on June 4 after idling for an entire year amid adverse market conditions. Over the past year and a half, the company received EUR 292 million in government-guaranteed loans from…
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MSC Group places second bid to manage Romanian ailing shipyard Damen Mangalia
Major global shipping operator Mediterranean Shipping Company (MSC) Group has notified the Romanian government that it wants to take over the management of the Damen Mangalia shipyard, which has been under insolvency for the past year, according to Europa Libera Romania. The company reportedly paid in advance for the repair of some ships. MSC is…
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French Vinci reportedly exploring acquisition of Romanian energy group EnergoBit
French infrastructure giant Vinci is reportedly interested in acquiring EnergoBit, one of Romania’s leading energy equipment and services companies, Ziarul Financiar reported on June 5. EnergoBit, based in Cluj-Napoca, is currently fully owned by its founders – Ștefan Gadola, Peter Pal, and Ioan Socea – who re-acquired complete control of the company in 2022. If the…
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Romania’s fiscal consolidation plan reportedly takes shape, but final decision delayed
The experts of the four parties supposed to form a new ruling majority and a government in Romania by June 15 have agreed on a short list of measures aimed at securing fiscal consolidation in line with the European Commission’s requirements and investors’ expectations – but deferred the final decision for June 9 when all…
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Romania’s high-altitude road Transalpina reopens to traffic between Rânca and Curpăt
Traffic resumed on the Transalpina (DN 67C) between Rânca and Curpăt on Friday morning, June 6, authorities announced. The reopened segment stretches from kilometer 34+800 to kilometer 79+200, offering drivers access once again to one of Romania’s most scenic mountain roads. However, according to CNAIR, the company that manages the road infrastructure, restrictions remain in…
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Bucharest events: Outdoor classical music concerts at Athenaeum Summer Festival
Baroque and romantic operas, contemporary works, and film music are part of this year’s edition of the Athenaeum Summer Festival, set to take place between June 14 and 25. The program includes two concerts on the Athenaeum Esplanade, with free admission, and three performances at the Athenaeum’s Great Hall, featuring the George Enescu Philharmonic Choir…