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Cluj-Napoca City Hall has launched a public consultation on a new regulation that would ban smoking in public transport stations, parks, and public sports facilities. If approved by the City Council, the measure will take effect three months after its adoption. According to mayor Emil Boc, designated smoking areas will be established in parks and…

Prosecutors have placed 21 train inspectors from state railway operator CFR Călători under judicial supervision as part of an investigation into offenses including abuse of office, embezzlement, computer fraud, unauthorized system access, intellectual forgery, and fraud.  The case follows searches conducted at CFR Călători’s central office and multiple locations across Bucharest, Giurgiu, Teleorman, Brașov, Prahova,…

The outcome of the presidential elections in Romania could have implications for investor confidence, the sustainability of the coalition government, and its political capacity to implement fiscal consolidation, according to a note issued by rating agency Fitch in response to the elevated political turmoil and the wide budget deficit in January-February (1.6% of GDP). The…

A State Duma commission in Moscow has sent “materials on hostile actions by Romanian authorities towards the Russian Federation” to the Prosecutor General’s Office and the Foreign Ministry, according to Tass, quoting the head of the commission, Chairman of the State Duma Committee on Security and Anti-Corruption Vasily Piskarev. The commission reacted to Romania accepting…

Stanleybet Capital, a holding company that integrates and coordinates a network of sports betting and slot machine agencies, gambling halls, and online gambling platforms, announced the listing of its second issue of corporate bonds at the Bucharest Exchange (BVB).  The non-subordinated, non-convertible, unsecured bonds with a maturity of five years are in a total amount…

Real estate developer One United Properties (BVB: ONE), controlled by entrepreneurs Victor Căpitanu and Liviu-Andrei Diaconescu, has convened the shareholders for April 29 to, among other things, approve the distribution, in two semi-annual tranches, of dividends at a yield estimated at 3.7% based on the current price of its shares. ONE had an annual dividend…

Romania is holding negotiations with the European Commission for payment requests 3 and 4 under the national implementation of the Resilience Facility (PNRR), the second of which has to be filed in June, but also for the renegotiation of the PNRR structure with a view of re-allocating some EUR 2 billion from projects not likely…

The European Commission adopted on March 25 a list of 47 Strategic Projects under the Critical Raw Material Act (CRMA), with an expected overall capital investment of EUR 22.5 billion, among which three projects worth EUR 615 million are to be developed in Romania by Euro Sun Mining (Canada), Salrom (Romania, state-owned), and Verde Magnesium…

The CFA Romania Association’s Macroeconomic Confidence Indicator fell by 3.8 points m/m to 36.6 points in February, remaining on the ‘negative’ side of the 0-100 scale with the neutral mark at 50 points, according to Bursa.ro. “Amid the risk of recession and uncertainty in the economy, the confidence indicator, and especially the current conditions component,…

Romanian defense minister Angel Tîlvăr officially met with NATO secretary general Mark Rutte on Tuesday, March 25, at the NATO headquarters in Brussels. The discussions focused on security developments in the Black Sea region, the consequences of Russia’s aggression against Ukraine, and joint efforts to strengthen deterrence and defense along NATO’s eastern flank. As NATO…