Category: Uncategorized

The Romanian government has sent the European Commission a portfolio of projects for the development of the defense industry and the increase of military mobility. The proposals are meant to secure funding through the EU’s Security Action for Europe, or SAFE, initiative.  According to the government’s press release, “approximately 70% of the projects included in…

Romanian electricity distributor and supplier Electrica listed the largest issue of green, corporate, and non-financial bonds on the Romanian capital market, reaching a total value of EUR 500 million, on July 30.  The bonds, with the stock symbol EL30E, are registered, non-convertible, unsecured, denominated in euro, have a nominal value of EUR 1,000 each, and…

Dracula Film Festival, the event dedicated to horror and fantasy film, has opened the call for entries in its four competition sections. The festival runs four competition: Dracula Trophy, an international feature film competition; Little Dracula, an international short film competition; Vladutz, a Romanian short film competition; and Dracula Digital, a competition dedicated to young…

The Romanian investment fund market has surpassed the threshold of one million investors. Moreover, the net assets of the 248 open-ended and closed-ended funds reached RON 51.8 billion (EUR 10.2 billion) in June, according to data from the Romanian Fund Managers Association, or AAF.  Specifically, 1,007,481 people in Romania had money in the local and…

Investment firm Mozaik Investments has acquired a majority stake in Genesis College, a large private educational institution in Bucharest. After receiving all approvals, Mozaik will provide growth capital to accelerate the development of the educational network through investments in new campuses and the expansion of schooling capacity, as well as the development of the International…

Local authorities in Hunedoara announced investments worth RON 200 million for the King’s Road, which connects the spa resort Vața de Jos, in Hunedoara County, and the Royal Castle at Săvârșin. The road was built in the post-war period by order of King Michael I of Romania and was paved with cobblestone. Now, the authorities…

Justice Minister Radu Marinescu (PSD) told Antena 3 that the prime minister’s proposal to amend the law on magistrates’ pensions represents “a starting point”, but stressed that the Ministry of Justice has not drafted a bill to this effect, Bursa reported. Marinescu recalled that there is already a draft in the Senate debate and that,…

Romanian PM Ilie Bolojan warned of systemic irregularities in the country’s disability pension system, noting that nearly 1 million people currently receive such benefits, G4Media reported on July 29. The prime minister said the scale of the phenomenon raises serious questions about fairness and the allocation of social assistance. “We have ended up having 966,000…

Romanian tech company Visual Fan (BVB: ALW), a developer of consumer goods (mobile phones primarily), goods that expanded various business lines, including EV imports and renewable energy projects development, announced that it signed a EUR 16.6 million contract for developing a power storage unit for Eurowind Energy. The company’s shares rose by 3.5% on July…

Vodafone Romania will take over most of Telekom Romania Mobile Communications (TKRM) after the Competition Council approved the transaction, while Digi Romania will acquire selected assets, the regulator announced on July 29. TKRM is indirectly controlled by Deutsche Telekom. Vodafone Romania will acquire TKRM’s core assets, including employees, postpaid and business customers, retail stores, and…