Category: Uncategorized

The Social Democratic Party (PSD) expressed several conditions to be met by the ruling coalition before it attends the coalition meetings, interim president Sorin Grindeanu announced on August 11 after a meeting of the party’s leadership, Digi24 reported.  The meeting, aimed at deciding the party’s possible withdrawal from the ruling coalition, was formally triggered by…

Romanian engineering company Simtel has signed a EUR 19.1 million (USD 20.83 million) contract with Verbund Wind Power Romania, part of Austria’s Verbund group, to design, construct, and commission a 60 MWp photovoltaic park in Casimcea, Tulcea County. The project will be implemented over 15 months, followed by a 36-month performance guarantee period. Simtel will…

Romania’s state-owned electricity producer Hidroelectrica has launched a RON 158 million contract for the construction of the Tudor Vladimirescu photovoltaic park in Brăila County, Energy Tehnologies & System documents show, as reported by Profit.ro. The 45 MW project has been on hold since 2012, when the company entered insolvency. The site covers 55 hectares of…

Olvia Investments, a Cyprus-registered real estate investment company within the Island Oil Holdings group, is seeking to acquire Green Port Operator, a port logistics firm in Constanța, with plans to build a liquid products terminal in the Black Sea port, News.ro reported. The Romanian Competition Council is currently reviewing the proposed transaction. Olvia Investments is…

Romania’s Q2 GDP is expected to show a mild contraction of -0.1% q/q and -1.8% y/y in Q2, due to weak confidence and base effects, Erste Group says in a research note. Romania’s statistics office will announce flash Q2 GDP data on Thursday, August 14. The 1.8% y/y decline expected by Erste for the country’s economy…

Romania’s trade deficit has contracted by 15% y/y to under EUR 2.4 billion in June after the 8% y/y decline in May, driven by a moderate (+0.6% y/y) rise of imports and a reasonable (+6.3% y/y) rise of exports.  The cautious private and public consumption has visibly impacted imports. But the lower crude oil prices…

Artist Amalia Verzea will hold her first solo stained glass exhibition in Romania at ARCUB – Hanul Gabroveni in Bucharest. Titled “Arta vitraliului la 360°”, the show runs from August 21 to September 21 and will present more than three decades of the artist’s work, created in studios in both Italy and Romania. The exhibition…

Romania’s foreign minister Oana Țoiu reaffirmed Bucharest’s support for Ukraine’s sovereignty during a meeting of EU foreign ministers on Monday, August 11, following her recent visit to Kyiv. In a post on social media, she said Ukraine’s leaders and people remain committed to peace, a goal Romania shares both as a neighbor and an EU…

When office tenants talk about Bucharest’s Central Business District (CBD), they still instinctively point to the glass canyons around Piaţa Victoriei and Aviatorilor. But a new, future-proof CBD has been emerging in the last 10 years just 2.5 kilometers west of Victoriei, in the area around the Basarab overpass and Bucharest’s biggest technical university. October…

Romanian-born film star Sebastian Stan is set to join director Radu Jude in a new project. The movie will reportedly be titled “Frankenstein in Romania,” according to The Hollywood Reporter. Jude’s latest film, “Dracula,” premiered at the Locarno Film Festival on Sunday, August 10, and tackles the much-depicted figure in another light. He is also…