Category: Uncategorized

The media and entertainment industry in Romania is projected to experience steady growth over the next five years, driven primarily by the expansion of digital segments. According to the latest PwC Global Telecommunications, Entertainment & Media Outlook 2025-2029 report, the sector is expected to grow at an average rate of around 2% annually, reaching a…

Mercure has opened a new hotel in Romania’s Alba Iulia, marking the first internationally affiliated hotel in the historic center of the Transylvanian city. The design and decor draw inspiration from the city’s rich history, including recent archaeological discoveries of a Roman road, according to the company. The hotel features 118 rooms, a Roman-inspired spa,…

Three major Romanian power producers burning fossil fuels, namely OMV Petrom, Romgaz, and CE Oltenia, are reportedly asking the Ministry of Energy to reimburse them for the value of the CO2 certificates purchased for the power produced and sold at a capped price (RON 450 or RON 400 per MWh, depending on the period), in…

The Ministry of Development, on August 7, published for consultations the draft bill for local administration reform, part of the second package of reforms, besides the state-owned enterprises (SOE) reform and the special pension reform. While the SOE reform was left without a coordinator after deputy prime minister Dragos Anastasiu resigned, the special pension reform…

The Romanian Railway Reform Authority – ARF and French manufacturer Alstom unveiled on August 7 at Bucharest North Railway Station the first Traxx 3 MS electric locomotive from a batch of 16 to be delivered under the “LE1” acquisition contract.  According to ARF, it is the first new, modern locomotive purchased by the Romanian state…

Romanian authorities are reportedly investigating a potential case of Russian sabotage involving the deliberate contamination of Azerbaijani crude oil intended for OMV Petrom’s Petrobrazi refinery, G4media.ro reported, citing sources familiar with the matter. The oil shipment, transported via the Baku–Tbilisi–Ceyhan pipeline through Azerbaijan, Georgia, and Turkey before being shipped to Romania, was found to contain…

Romania’s minister of environment Diana Buzoianu appointed two controversial members to the board of directors of Romsilva, the state forestry management company, on August 7, despite public concerns over their integrity, G4media.ro reported. The appointments of Mugur Cozmanciuc and Speranța Georgeta Ionescu drew criticism due to their past associations with corruption cases. Minister Buzoianu, a…

Romania’s banking sector has recorded the highest profitability in the European Union, despite maintaining one of the lowest loan-to-deposit ratios in the bloc, Ziarul Financiar reported, citing a report by the National Bank of Romania (BNR) based on European Banking Authority (EBA) data. According to the report, Romanian banks lend only 63% of their deposit…

Non-EU e-commerce platforms that sell directly to consumers in Romania may generate tax losses of about RON 10.86 billion (some EUR 2.12 billion) per year by 2027 if their expansion continues at current rates, according to an impact analysis published by the Romanian Association of Online Stores (ARMO) and carried out by independent analyst Iancu…

Nofar of Israel, which already operates the largest photovoltaic park in Romania, may receive a loan of EUR 68 million from the European Bank for Reconstruction and Development (EBRD) for three large photovoltaic parks that it is developing in the south of the country. The EBRD’s project is in the exploratory stage. The total capacity…