Category: Uncategorized

Portugal is the guest country at this year’s edition of Bookfest International Book Fair, which will take place between May 28 and June 1 at Romexpo, in Bucharest. The fair will be an “opportunity for Romanian readers to rediscover Portuguese literature and explore the Portuguese cultural diversity through the books, authors, translators, and publishers that…

Romania’s national tax collection authority (ANAF) has identified over 22,000 individuals who rented out properties on Airbnb and Booking, earning a combined income of RON 260 million (EUR 52.3 million) between 2023 and 2024, Ziarul Financiar reported. According to ANAF, only 20% of these operators have declared their income and paid the necessary taxes. The…

Romanian investment fund Fondul Proprietatea (BVB: FP), having in its portfolio stakes in companies such as Salrom and Aeroporturi Bucureşti, announced that, following the selection process for a new alternative investment fund manager, the company has shortlisted two candidates: an AIFM based in Luxembourg, in partnership with a global infrastructure asset manager, and an AIFM…

Norofert (BVB: NRF), a producer of organic inputs and supplier of biotechnology for agriculture, listed on the AeRO market of the Bucharest Stock Exchange, announced its turnover rose by 12% y/y to RON 45 million (EUR 9 million) in 2024.  The company also said it returned to profit in 2024 (RON 3 million), supported by…

Telecommunications operator Digi Romania, the local subsidiary of the Romanian group Digi Communications (BVB: DIGI), has secured two export credit loans totaling EUR 54.76 million to expand its network infrastructure in Romania and Portugal, according to a note to investors sent by Digi.  The loans, which have a four-year maturity, will commence on April 30…

Romania’s largest refinery, Petromidia, part of  Rompetrol Rafinare group controlled by the KMGI group, will increase its fuel exports to 1.76 million tonnes this year to reach the highest volume of exports in six years. The group’s exports will account for 35% of its output. Even though the domestic market remains a priority, the plan…

Romania’s national gas producer, Romgaz (BVB: SNG), plans to establish a subsidiary in the Republic of Moldova as it expands its supply operations beyond the domestic market. The proposed company, Romgaz Furnizare M, based in Chisinau, would be engaged in the sale of natural gas via pipelines, according to a note to investors sent by…

The increase in diesel imports in Constanta port surged 2.5 times from 1.6 million tons in 2021 before the war in Ukraine to 4.4 million tons in 2024, making the Romanian Black Sea port the largest import destination in the Mediterranean and Black Sea region, according to an S&P Global report. Looking ahead, there is…

Romania’s Economic Sentiment Indicator (ESI) rose to 103 in March 2025, up from 101.7 in February, continuing to recover from the below-average level registered in January, according to a research note published by Erste Group, which concludes that the data suggests “growing optimism” driven by subsiding political uncertainties and issues 2% projection for the year’s…

Famed Argentine-born pianist Martha Argerich was awarded the “Faithful Service Order in the rank of Grand Officer” by the Romanian Presidency, represented by Romanian Honorary Consul to Switzerland Ion Marin, during a special ceremony held on March 27 at Lugano. The ceremony was attended by Andreea Guțu, Chargé d’Affaires ad interim at the Romanian Embassy…