Category: Uncategorized

The Bucharest City Hall has secured a EUR 34.4 mln loan from the European Investment Bank (EIB) to support the rehabilitation of the city’s district heating system.  This funding marks the first tranche of a broader EUR 300 million loan package intended to finance key infrastructure projects, including district heating, urban mobility, and the modernization…

The Constitutional Court of Romania (CCR) admitted, on March 11, the objection of unconstitutionality regarding military pensions and decided that the Law supplementing Law no. 223/2015 on state military pensions is unconstitutional, according to Europa Libera Romania. The draft provides that military pensions in payment are indexed in relation to the salary or wage of…

Japanese corporation Yokohama Rubber reportedly intends to buy the bankrupt Romanian tire factory in Drobeta Turnu Severin, which specializes in the production of tires for the mining industry, earthmoving equipment, and oversized transport, according to Profit.ro. The factory was, until recently, owned by the company Euro Tyres Manufacturing, which went bankrupt at the end of…

Romania will begin issuing the new Electronic Identity Card (CEI) on March 20, starting in Cluj County, with a gradual nationwide rollout to follow. The initiative was finalized after the Romanian government approved three decisions on March 13, setting the regulatory and technical framework for the new ID card system. The issuance of the new…

Edge Institute, a think tank made up of an independent group of experts united by the common vision of increasing Romania’s digital development and evolution, was launched on Wednesday, March 12. The Institute aims to become a facilitator of digital transformation, bringing together expertise from the private, academic, and administrative sectors to provide viable solutions…

The 24th edition of the Transilvania International Film Festival (TIFF), set to take place from June 13 to 22 in Cluj-Napoca, will feature a unique event that combines cinema with live music: Amadeus LIVE. The special event will present the 1984 film Amadeus, directed by Miloš Forman, which explores the life and genius of Wolfgang…

As Europe moves toward a new era of industrial policy, Beko, the continent’s largest home appliance manufacturer, is making the case for a stronger, more unified approach. Attending the key event on the Deal, Beko emphasizes the urgent need to ensure that industries investing in decarbonization, energy efficiency, and innovation remain globally competitive.  Having built…

Five IAR-99 SM aircraft, modernized at the Craiova Aircraft Factory, or Avioane Craiova, will be part of Romania’s air force coordinated by the Ministry of Defense.  According to Dolj County Council president Cosmin Vasile, two of these aircraft performed a demonstration flight on Wednesday, March 12, in the presence of defense minister Angel Tîlvăr.  “Five…

At the International Property Awards in London, the world’s most prestigious Awards program for all aspects of the Real Estate industry, STIRIXIS Group, the Greek design and consulting firm that designs and delivers buildings and spaces that act as catalysts for Real Prosperity worldwide, was honored with: ‘The Best Public Service Design in the World…

A recent survey conducted by Unlock Market Research for Colliers has revealed that fewer Romanians can afford to buy a home, with the percentage of urban homeowners standing at just 73%, significantly lower than the official statistic of 95%.  Interest in homeownership has dropped from around 44% in previous years to 35% in 2025, driven…