Category: Uncategorized
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Metro Boomin to headline Untold festival in Romania this summer
American hip-hop and trap producer Metro Boomin will perform in Romania for the first time this summer, headlining the anniversary edition of Untold festival with his only European festival show in 2025. Known for shaping the sound of modern hip-hop, he will take the main stage in Cluj-Napoca for a performance that promises to be…
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Document classification – Metadata extraction for maximum efficiency
Managing documents within an organization can become complex, especially when dealing with large volumes of information that must be accurately tracked. In the construction industry, where documents play a crucial role in project success, a digitalized document classification system with automatic metadata extraction can significantly improve efficiency and workflow. Matricia Solutions has implemented such a…
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First Handwritten Collection hotel in Romania opens in downtown Bucharest
Handwritten Collection, a boutique hotel brand launched in 2023, announced the opening of its first location in Romania, bringing its signature hospitality style to downtown Bucharest. The new hotel, Bucharest Unirii Square – Handwritten Collection, marks the brand’s debut in Southeast Europe and offers 88 design-led rooms, curated culinary experiences, and an ambiance inspired by…
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New law establishes National Road Safety Week in Romania
Romania will mark a “National Road Safety Week” each year in the third week of May, following the promulgation of a new law by interim president Ilie Bolojan. The initiative aims to raise public awareness about the importance of traffic safety through educational, scientific, and cultural events. The law encourages institutions, including Parliament, relevant ministries,…
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Romanian, Bulgarian defense ministers reaffirm commitment to strengthening NATO’s eastern flank
Romania and Bulgaria have reaffirmed their commitment to strengthening NATO’s eastern flank during a visit by Romanian defense minister Angel Tîlvăr to Sofia on April 7, at the invitation of his Bulgarian counterpart, Atanas Zapryanov. The two officials discussed deepening bilateral defense cooperation and advancing regional security measures, underlining their shared understanding of the risks…
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Western Romania: Oradea to build new thermal garden in RON 214 million project financed by EU
Oradea, in western Romania, is set to host a new modern thermal garden, built with European funds. The project will be developed on the site of an old public swimming complex, and has a total value of over RON 214 million. On Friday, April 4, Oradea City Hall announced it signed the financing contract for…
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BSOG and local partner to build EUR 65 mln biomethane plant in Romania
BSOG Energy, a Romanian energy firm wholly owned by Black Sea Oil & Gas SA, has entered into a partnership with Unigrains Trading, a local agricultural enterprise led by Theodor Ichim, to develop a biomethane and organic fertilizer production plant valued at over EUR 65 million, according to Ziarul Financiar. The agreement marks BSOG Energy’s…
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Romania’s Stock Exchange keeps bleeding amid global collapse
After a deep plunge taken at the opening on April 7, Romania’s Stock Exchange has gradually recovered through the day, ending with a loss of 2.3% measured by the global index BET and even smaller declines posted by sectoral indices (-0.6% for the financial BET-FI index, -2.0% for the energy BET-NG index). Overall, the equity…
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Romania’s retail sales figures confirm slower private consumption this year
Romania’s retail sales index increased by 1.1% y/y in February, but this was the weakest growth rate since December 2023, while the seasonally-adjusted index (-0.9% m/m) was the lowest in six months, according to the statistics office INS. Romania’s February retail figures confirm broad expectations for a weaker advance of private consumption this year, dragged…
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Romania keeps policy rate at 6.5% in line with expectations
In line with expectations, Romania’s central bank BNR on April 7 kept the monetary policy rate at 6.5% despite slower economic growth, citing internal and external risks. The latest data and analyses point to a pronounced slowdown in quarter-on-quarter economic growth in 2025 Q1, implying an annual GDP growth rate relatively similar to that in…