Category: Uncategorized

The National Federation of Public Administration Trade Unions (FNSA) has voiced strong opposition to a government proposal to reduce staffing levels in local public administration by 20%, warning that the move could paralyse essential services. The reform plan, published this week for public consultation by the Ministry of Development, Public Works and Administration, envisages the…

The Constitutional Court of Romania could again strike down the government’s bill to reform magistrates’ special pensions on procedural grounds, G4Media.ro reported on August 13, citing Senate president Mircea Abrudean and Liberal Party (PNL) senators’ leader Daniel Fenechiu. The risk arises because a separate bill on the same subject is already under debate in Parliament.…

State-owned Hidroelectrica (BVB: H2O), Romania’s largest energy producer, posted a sharp decline in financial results in the first half of 2025 due to poor hydrological conditions and lower electricity prices, according to the financial results published at the Bucharest Exchange. Revenues fell 16% year on year to RON 4.3 billion (EUR 860 million), while net…

A total of 2,751 MW of green energy projects, onshore wind and solar, will be built through the Contracts for Difference (CfD) mechanism, a state support scheme, financed through the Modernization Fund, through which energy producers have a guaranteed price for 15 years. According to information published by the Ministry of Energy, this is 1,488…

The average net wage in Romania increased by 7.0% y/y in June to RON 5,539 (EUR 1,097), easing to the slowest annual growth rate since November 2021, according to data published by the statistics office INS on August 13. In real terms, the annual growth rate eased to 1.3% y/y, the weakest advance in more…

This loan agreement is DRI’s first internationally led syndicated financing, first certified green loan, and first multi-currency loan. The Vacaresti solar park, located in Dambovita County, Romania, has an installed capacity of 126MWp, enough to power about 50,000 households and avoid 48,600 tonnes of carbon emissions per year. DRI, the EU renewables arm of DTEK, together…

Mircea Spiridon, a 50-year-old Romanian man, died in the Spanish region of Tres Cantos while saving an 83-year-old man, the owner of the riding stables razed to the ground in the same fire. The Romanian arrived in Spain 20 years ago. Married and with two children, ages 14 and 18, he was a mechanic by…

The Bucharest International Air Show (BIAS) is set to launch the first exclusive NFT collection together with the National Institute for Research and Development in Informatics, ICI Bucharest. NFTs (Non-Fungible Tokens) gained popularity in the last few years as a way of owning unique digital objects. The NFT collection, titled “Cloud Chasers,” will be presented and…

Sema Real Estate, one of the leading players in Romania’s real estate sector, announces a partnership with the Romanian fintech company Finqware to implement FinqTreasury, a key platform for the optimization and digitalization of financial operations in the real estate industry. Efficient management of collections and payments, rapid visibility into financial flows, and the elimination…

At the British School of Bucharest (BSB), community engagement isn’t an afterthought — it’s the heartbeat of school life. Guided by the spirit of #WeAreBSB, the school embraces four core mottos that shape everything from classroom discussions to student-led initiatives: #CONCERN for others, by being kind to the community #CONCERN for our planet, by being…