Category: Uncategorized

Greenvolt Group, through Greenvolt Power, announced that it secured a EUR 348 million financing package for the construction of a 253.1 MW wind project in Ialomița County, southeastern Romania. The project is expected to reach commercial operation in 2027. The funding was arranged through a consortium of major financial institutions, including UniCredit Bank S.A., Erste…

Bucharest has overtaken Cluj-Napoca as the city with the highest prices for apartments in the country, ending the latter’s status in this regard. According to data published by imobiliare.ro, the average asking price for new apartments in the capital increased by 22% in the last year, while in Cluj-Napoca, the percentage exceeded 6%. As a…

Brașov-Ghimbav International Airport in central Romania marked a milestone this week with the landing of its first civil cargo flight, airport officials announced. The flight, operated by My Freighter using a Boeing 767 aircraft, delivered roughly 47 tons of cargo. “The first civil cargo flight landed at our airport this afternoon,” reads the airport’s post…

The largest maritime and offshore training center in Europe, built by the Romanian Center for the Training and Professional Development of Naval Transport Personnel (or CENRONAV), was opened on Thursday, February 26, in Galați. The center is the result of an investment of over RON 64 million (EUR 12.5 million). The central point of the…

Innobyte, one of the leading Romanian companies specialised in eCommerce services and solutions, ended 2025 with a turnover of 15.18 million RON, an 8% growth YOY, and a net profit of 1.45 million RON, a 14% growth YOY. The financial results confirms the maturity of Innobyte’s operating model launched in 2022 and the company’s ability…

Transgaz (BVB: TGN), the state-owned operator of the Romanian natural gas transmission system, more than doubled its consolidated net profit in 2025 compared to 2024. The company’s profit increased from RON 410 million (EUR 80 million) to RON 899 million (EUR 176.4 million). Transgaz’s operating revenues, before balancing and construction activities, advanced by 24%, to…

Romania obtained the 21st favorable opinion from the OECD bodies on Thursday, February 26. The government aims to be part of the group of the most developed countries in the world by the end of 2026, but requires 25 formal approvals. The latest approval was announced by foreign minister Oana Țoiu, who noted that the…

Romanian president Nicușor Dan has promulgated the law reforming the pension system for magistrates one day after the Constitutional Court’s reasoning was published in the Official Gazette, despite repeated appeals from judges to send the bill back to Parliament for reconsideration. The president described the changes as “a gesture of fairness, awaited by society.” President…

Ukrainian air defense systems shot down a drone on Friday morning, February 27, near Romania’s border, approximately 100 meters from the village of Chilia Veche, the Romanian Defense Ministry (MApN) said. Authorities are prepared to search for possible debris that may have fallen on national territory, according to the same source. According to the ministry,…

Flower sales in Romania are expected to surpass EUR 40 million between March 1 and 8, marking the peak season for florists, according to an analysis by consultancy firm Frames. The estimate represents a significant increase from last year’s projection of EUR 30 million, reflecting steady growth in recent years. Adrian Negrescu, manager of Frames,…