Category: Uncategorized
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Bucharest municipality issues RON 555 mln bonds to refinance its debt
The Municipality of Bucharest (PMB) completed the issuance and placement of bonds with a total nominal value of RON 555.1 million (EUR 111 million), PMB announced in a note to investors at the Bucharest Stock Exchange, where the bonds will be listed. The issue was heavily oversubscribed, with banks placing orders for 190% of the…
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Restart Energy enters pre-insolvency procedure amid cryptocurrency fraud probes involving founder
Restart Energy One, a Romanian provider of renewable energy solutions with two bond issues listed at the Bucharest Exchange, announced in a note to investors that it is entering into a preventive arrangement to avoid insolvency. Its bonds were recently temporarily suspended from trading amid an investigation conducted by prosecutors involving the company’s founder, Profit.ro…
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Eximprod delivers 50 MW PV park, storage facility planned in Romania’s Prahova county
Eximprod Group, controlled by two Romanian investors, announced the completion of a 50 MW photovoltaic park located in Ciorani, Prahova county, according to Economica.net, quoting a contractor’s press release. According to public data, the park owned by Eximprod in the Prahova locality of Ciorani would also have a 21 MW battery. A 110/20 kV electrical…
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Romania’s industry remains in contractionary mode in February
Romania’s industrial output contracted by 2.1% m/m (seasonally-adjusted terms) and 5.2% y/y in February, accumulating a 3.9% y/y decline for the first two months of the year, according to the statistics office INS. In the core manufacturing sector, the industrial decline was even steeper: -2.7% m/m and -6.1% y/y, resulting in a 4.3% y/y contraction…
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Romania’s central bank sees industrial prices and expectations pushing up inflation in Q2
The upward trend of the annual dynamics of industrial producer prices for consumer goods that had started in the autumn of last year and continued into January-February 2025, but especially the sharp increase in firms’ and consumers’ short-term inflation expectations for Q1 as a whole, were united by the experts of the National Bank of…
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Romanian leaders react to death of Pope Francis: “A symbol of compassion and peace”
Romanian officials have joined other world voices in expressing deep sorrow following the death of His Holiness Pope Francis, who passed away at his residence in the Vatican’s Casa Santa Marta on Easter Monday, April 21, at the age of 88. According to reports, he suffered a stroke that led to a coma and irreversible…
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Romanian Film Review – Coming of age: One World Romania 2025
The international documentary fest human rights turned 18 this year. The on-site event wrapped up on April 13, but its online edition has just started with 12 titles available until 30 April. It celebrated with an impressively generous and diverse programme, including talks, debates, masterclasses. It was an edition with such a large number of…
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“They will notice when you walk in – not because you’re loud, but grounded” – Lin Holmquist, bringing ancient wisdom and modern science in Bucharest, at DiFine your Essence
Balancing career success with personal growth is a challenge many professionals face today. As the pressure to achieve and perform increases, many begin to crave more than just success: they want clarity, alignment, and a deeper sense of purpose. For Lin Holmquist, business coach and one of Europe’s most acclaimed experts in Tantra, Yoga, and…
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Romanian railway company CFR announces new PNRR-modernized train on Bucharest-Constanța route
CFR Călători, the state-owned railway company for passengers, announced that the first train entirely made up of rolling stock modernized with funds from the EU-backed Recovery and Resilience Fund (PNRR) was introduced on the Bucharest North – Constanța route. The train, which is already running, consists of a locomotive delivered by the Softronic factory in…
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Bucharest festival explores sustainable habits, urban future
The first edition of Urban Habits (nUH), a festival aiming to be “a space for ideas, debates, co-creation, and experimentation,” takes place between April 26 and April 27 at Lokal and on Erou Ion Călin Street, which will be temporarily transformed into a pedestrian space. The program will address themes ranging from innovation, design, and…