Category: Uncategorized

Romania’s energy minister, Sebastian Burduja, issued a call for calm on Monday, April 28, after major power outages left Spain and parts of Portugal without electricity.  Burduja, a visible member of the Romanian executive, gave assurances that Romania is not likely to experience similar outages.  “In the context of the major power outages in Spain…

With a majority of 61 votes to 59, the Romanian opposition parties have endorsed in the Senate a simple motion against labor minister Simona Bucura Oprescu, according to Hotnews.ro. It was the first defeat of the ruling coalition in Parliament, the leader of the far-right Alliance for the Union of Romanians (AUR), George Simion, announced. The…

Clothing manufacturer Braiconf from Brăila (BVB: BRCR) has obtained shareholder approval for a EUR 10 million loan through which it will undergo an urban reconversion to transform a former industrial site into a modern multifunctional hub, Ziarul Financiar reported. The company reported RON 17 million in revenue and RON 0.5 million loss for 2024.  Braiconf…

Teilor Holding Group, with several bond issues traded at the Bucharest Exchange, announced on April 28 that it has decided to close its jewellery stores in the Czech Republic, Poland, and Hungary, due to the lack of medium and long-term prospects in these markets. The holding is still active abroad in Bulgaria. The announcement made…

A consortium of firms within Siemens group has submitted an offer regarding 12 H2-powered trains that Romania seeks to contract, the Railway Reform Authority (ARF) announced on April 28 at a meeting of the committee supervising the procurement process, according to Economica.net. ARF has tried to buy hydrogen trains in previous years, but the previous…

The late-delivery penalties calculated by Romania’s Railway Reform Authority ARF for Alstom for the 37-train contract worth RON 2.4 billion (EUR 480 million) are nearing EUR 50 million, not including VAT, according to Agerpres.  Out of the 37 interregional multiple electric frames RE-IR, only two have been delivered so far, of which one is already…

The CFA Society Romania’s Macroeconomic Confidence Indicator (MCI) increased by 7.3 points m/m in March to 43.9 points, reversing the 3.8-point loss seen in February, but remaining in the “negative” area of the 0-100 scale according to a press release. Illustrating the puzzling outlook faced by Romania’s economy, the improvement in analysts’ sentiment was driven by…

The US State Department has approved a potential sale of a Patriot air defense system and related equipment to Romania, worth an estimated USD 280 million. The deal, which still requires final agreements, was officially notified to the US Congress by the Defense Security Cooperation Agency on April 28. Romania is looking to strengthen its…

Official figures reveal a dramatic increase in the number of Romanians accessing student loans in the UK, from 5,000 a decade ago to 84,000 in the last academic year, meaning that “a staggering 15% of Romanians in the UK are currently benefiting from student loans,” according to Daily Mail quoted by Economedia.ro. The information was…

O Riso e a Faca/ I Only Rest in the Storm, the second feature film of Portuguese director Pedro Pinho, has been added to the selection of Cannes Film Festival’s Un Certain Regard section, which highlights “new trends, new paths and new countries of cinema.” The film is co-produced by Still Moving (France), Bubbles Project…