Category: Uncategorized

Nicușor Dan, a mathematician and civic activist turned politician and mayor of Bucharest, made history by becoming Romania’s new president as an independent candidate, securing 53.6% of the vote in a landmark election. His victory over far-right contender George Simion signals a renewed commitment among Romanian voters to keep the country firmly anchored in European…

With the support of voters in large cities across the country and against the background of the high election turnout, Nicușor Dan became the winner of the presidential run-off. Dan finished the first round with close to 2 million votes fewer than George Simion but managed to win the second round with 829,589 more votes…

George Simion, leader of the far-right Alliance for the Union of Romanians (AUR), conceded defeat on Sunday night and congratulated Bucharest mayor and pro-EU independent candidate Nicușor Dan for winning the presidential election. In a pre-recorded video posted on Facebook, Simion acknowledged the will of the Romanian people and thanked the more than five million…

 The state cargo railway company CFR Marfa, which entered insolvency in April after five years of pre-insolvency status, plans to diminish its dues by 32% to RON 3.1 billion (EUR 620 million) during this year by the transfer of RON 1.5 billion (EUR 300 million) of assets to the newly set up company Carpatica Feroviar,…

Taiwanese group DDK, one of the world’s largest manufacturers of bicycle saddles and components, has registered in Romania the company DDK Europe Bicycle Components, based in Timisoara, Romania, marking a new stage in the group’s plan to open a production facility in the country, according to Profit.ro. DDK unveiled its plans for a factory in…

The Romanian state, through the company that manages the Port of Constanta, submitted a non-binding offer to take over the operator of Moldova’s sole maritime port Giurgiulesti (PILG), namely the company Danube Logistics (Moldova), from the European Bank for Reconstruction and Development (EBRD), according to Profit.ro. In mid-April, the EBRD announced the launch of the…

The European Commission reportedly refused Romania’s plan to re-allocate Resilience Facility money from infrastructure projects that are delayed and can not be implemented within the deadline to projects that are in a more advanced stage but were developed under national schemes (hence contracted under different, generally less restrictive, procedures). Even if the formation of a…

In line with broad consensus, Romania’s central bank (BNR) decided to keep interest rates unchanged at 6.5% in the May 16 meeting.  Amid persistent inflation (5.3% y/y CORE2 inflation in March-April) and fiscal uncertainties, analysts expect the first rate cut no sooner than this autumn. Disappointing growth and monetary policy stance of the ECB and…

Pro-EU independent candidate Nicușor Dan, the mayor of Bucharest, has won Romania’s presidential election on May 18, drawing congratulations from leaders across Europe. Among them, Moldovan president Maia Sandu, EU leaders Ursula von der Leyen, Antonio Costa and Roberta Metsola, French president Emmanuel Macron, and Ukraine’s Volodymyr Zelensky. Dan secured 53.60% of the vote in…

Romanians showed up in record numbers to vote in the second round of the presidential elections, both in the country and abroad. The exit poll results presented on Sunday evening pointed to a strong lead for Bucharest’s pro-EU mayor Nicusor Dan (54%-46%), but are only relevant for the domestic vote. Both candidates claimed victory in…