Category: Uncategorized

Gheorghe Hagi, Romania’s football legend and former national team captain, launched his autobiography, Hagi – Drumul Meu (Hagi – My Journey), on Wednesday evening, March 26, at the Bucharest University of Economic Studies. The book, he explained, tells the story of his life and career, offering insights into what it takes to achieve success. At…

The budget execution data for January-February published by the Finance Ministry reveals, besides the 1.6%-of-GDP public deficit announced in advance, three major issues: still high payroll growth rates (an effect of wage hikes during 2024, likely to diminish through 2025), rising interest paid on public debt (a problem likely to deepen with higher debt and…

Romania’s Ministry of Finance initiated on March 26 procedures for new FX bond issues to tap the foreign markets for the second time this year amid elevated political volatility, which clouds the country’s fiscal stabilization and risks pushing its debt into the junk category. The intended FX bonds are denominated in euros and have maturities…

Commenting about the relationship with the United States that requires a new approach in the context of the Trump administration, Romanian prime minister Marcel Ciolacu proposed the appointment of a temporary envoy in Washington – to serve as a liaison for both the president and the government in addition to the ambassador, according to Hotnews.ro.…

Romania’s Ministry of Economy is in advanced negotiations with an investor interested in taking over the Mangalia Shipyard in order to maintain economic activity and pay employees’ salaries, minister Bogdan Ivan announced in the Senate, according to Ziarul Financiar. Mangalia Shipyard is under insolvency after Damen group, with a 49% stake (the majority stake of…

Grampet Logistics, part of the Grampet Group of local entrepreneurs Gruia Stoica and Vasile Didilă, will start the production of polymerized bitumen on the industrial platform of the former RAFO refinery in Oneşti, according to Ziarul Financiar. Romania imports most of the bitumen it uses in road construction, while Grampet targets neighboring countries as well.…

The Bucharest Tribunal has ruled to annul the revolutionary certificate of former Romanian president Ion Iliescu, following a request from the Secretariat of State for the Recognition of Merits of Fighters Against the Communist Regime. The decision is not final and can be appealed within 15 days, according to Agerpres. The ruling follows a review…

Film fans have until the end of the week to see the selection of the French Film Festival, while foodies can head to the Praid Salt Mine for an event bringing together quality food and entertainment. In Bucharest: French Film Festival Until March 30 The yearly event dedicated to French cinema returns to Bucharest and…

Gaep will participate at miart 2025, Milan’s international art fair, with a presentation covering two new sun prints by Răzvan Anton, assemblages by Théo Massoulier, paintings by Cătălin Pîslaru and photographs by Mihai Plătică. A common thread running through these artists’ practices is a desire to push the boundaries of their mediums of choice, either…

The Board of Directors proposes a gross dividend of RON 0.11/share, with a 7.64% yield. RON 97.8 million is the estimated fund allocated to dividends in 2024. The own share buyback operation is within 4.46% of the share capital. The net result of RON 263.66 million increased by 29.4% compared to 2023. The value of…