Category: Uncategorized

MetaWealth, a European real assets investment platform until now focused on real estate, has entered the advanced battery energy storage systems (BESS) market with several large-scale energy storage projects in Romania. It plans to invest EUR 22 million to develop BESS systems with a capacity of 130 MWh, according to Profit.ro. The plans were announced…

Starting in July 2026, women in Romania who meet the criteria provided by law will be able to apply for the old-age pension at the age of 62 years and 7 months, one month later than those who acquired this right in the first half of the year.  The announcement was also made by the…

A legislative proposal submitted by the fringe, far-right SOS Romania party regarding the union of Romania with the Republic of Moldova was adopted tacitly on Wednesday, June 24, by the Chamber of Deputies. The bill has not yet entered into force, since the upper chamber of the Parliament, the Senate, is the decision-making body in…

While in Poland for an Eastern Flank Summit meeting, Romanian president Nicuşor Dan has offered former Polish president Lech Walesa the National Order of the Star of Romania in the rank of Grand Cross. “I have offered many decorations, but I have never been more moved,” the president said during a speech at the ceremony…

Romania’s general government budget deficit narrowed by 44% y/y to RON 35.9 billion (EUR 6.9 billion) in January-May, as the country reduced payroll in the budgetary sector and current expenditures from EU grants (other than investments), according to data published by the Finance Ministry. The deficit-to-GDP ratio dropped to 1.75% from 3.35% in the same…

Romania’s Ministry of Defense (MAPN), through CN Romtehnica SA, and the Israeli company Rafael Advanced Defense Systems Ltd signed on June 24 the first sub-contract under the framework agreement regarding the acquisition of SHORAD (Short Range Air Defense) and VSHORAD (Very Short Range Air Defense) systems. The first sub-contract covers the acquisition of an integrated…

The Romanian-French consortium made up of Aster Capital Partners (France), Iceberg+, and Venture Booster has launched Asternova Vest, a regional venture capital fund with a target size of EUR 37 million, dedicated to startups and technology companies in Romania’s West Region. The fund is being launched with a commitment of more than EUR 26 million…

Russia’s Foreign Affairs Ministry announced on Thursday, June 25, that it would close Romania’s Consulate in Saint Petersburg and expel the Romanian consul in a tit-for-tat move following the closure of the Russian Consulate in the Romanian city of Constanța. Romania decided to shut down the Russian consulate in Constanța, a port city on the…

The “Băile Oglinzi” resort, close to the town of Târgu-Neamţ, eastern Romania, is set to be revitalized through a project with European funds worth almost RON 47 million (EUR 9 million), as announced by the president of the Neamţ County Council, Daniel Vasilică Harpa. The project was submitted for funding when Daniel Vasilică Harpa was…

Developer Speedwell and construction services group Strabag have made an official start on the construction works on the mixed-use project Queens District, in northern Bucharest. Strabag is both the general contractor and the first anchor tenant of Queens District. As part of a long-term lease agreement, Strabag will occupy approximately 4,600 sqm across three floors in…