Category: Uncategorized

Romanian company Sinteza Oradea (BVB: STZ) announced that it is abandoning the construction of the long-term battery storage factory in Oradea, a EUR 50 million investment project supposed to use Lockheed Martin technology, on the grounds that the technology is not capable of providing the required economic efficiency.  The company’s shares traded at Bucharest Exchange tumbled…

Polish group Maspex initiated procedures for a voluntary takeover bid in an attempt to acquire a controlling stake in Bucharest Exchange-listed Purcari Wineries (BVB: WINE) at a price of RON 21 per share that puts the company’s value at EUR 168 million, according to a note to investors issued on May 21.  The bid was…

Romania’s public debt increased by RON 26.5 billion (EUR 5.2 billion) in the first two months of 2025, reaching RON 990 billion (EUR 199.1 billion) at the end of February, according to data published by the Finance Ministry.  The debt-to-GDP ratio increased to 56.3% at the end of February, 1.5 percentage points up from 54.8%…

An art fair, jazz and chamber music concerts, design and photo exhibitions, and many other outdoor events round up a packed weekend agenda. In Bucharest: RAD Art Fair May 22 – May 25 Held at Caro City Resort in Bucharest, the event showcases more than 120 Romanian and international artists, represented by 28 galleries. A…

Romanians represent the largest group of European citizens living in another EU member state without having citizenship – namely 3.1 million people in 2024, a share of 22% of the total, according to Eurostat data quoted by Ziarul Financiar. They are followed by Italians and Poles with 1.5 million people each, i.e. 11% of the…

One United Properties (BVB: ONE), the leading green investor and developer of residential, mixed-use, and office real estate in Romania announces the signing of a lease agreement for NN’s new headquarters within the One Cotroceni Park development. NN is part of NN Group, an international financial services company offering pensions, insurance, banking, and investment services, active in…

The Film Garden (Grădina cu Filme), the venue in Bucharest’s Alexandru Lahovari Square that hosts outdoor film screenings, will reopen for this year’s season on May 28, Creart, the Center for Creation, Art and Tradition of the Municipality of Bucharest, announced. The program opens with the DokStation Music Documentary Film Festival, the event dedicated to…

The festival Weekend Sessions returns with another season of events in landmark gardens and museums in Bucharest and, for the first time, in Constanța, on the Romanian Black Sea coast. This year’s program includes events dedicated to art, European cinema, dance, and literature, the organizers said. The first weekend of events takes place on May…

Controversial influencer Andrew Tate, currently facing trial in Romania along with his brother Tristan, will be surrendered to Britain after the legal proceedings, according to the British government. Security minister Dan Jarvis confirmed, in a letter seen by The Telegraph, that Tate would be handed over to the UK following the conclusion of criminal proceedings…

Hardliners, a banned motorcycle gang from the Netherlands, is allegedly involved in the theft of the Dacian gold bracelets and helmet loaned by Romania to the Drents Museum, according to RTL Nieuws. Sources in the criminal world and around the police investigation told the Dutch journalists that the art theft, committed in January of this year, was conducted…