Category: Uncategorized

Romania has awarded the first contract under the National Company for Road Investments (CNIR), selecting a consortium led by SA&PE Construct S.R.L. in partnership with Tehnostrade S.R.L., Spedition UMB, and Euro Asfalt to design and construct Section 1C Sărățeni-Joseni on the A8 Highway, also known as the “Union Highway.” The contract, worth roughly EUR 1…

Romania is set to bring high-speed internet to nearly 1,000 remote localities as part of a EUR 94 million investment under the National Recovery and Resilience Plan (PNRR). Economy, digitalization, entrepreneurship, and tourism minister Bogdan Ivan signed the financing agreements on Wednesday, March 5. The project will enable the expansion of fiber-optic networks to 994…

On Thursday, March 6, Romanian prosecutors at the Directorate for Investigating Organized Crime and Terrorism (DIICOT) detained six individuals, including a retired general aged 100, accusing them of organized crime and treason. Two of the defendants traveled to Moscow in January and allegedly negotiated with Russian agents for Romania’s withdrawal from NATO. According to the…

The Romanian authorities have declared the military, air, and naval attaché of the Russian Federation in Bucharest, as well as his deputy, persona non grata on Romanian territory, the Ministry of Foreign Affairs (MAE) announced on March 5. MAE claims that two Russian diplomats have carried out activities that contravene the provisions of the Vienna…

Garanti BBVA, one of the most dynamic banks in Romania, announced it is granting long-term financing worth EUR 10 million to support the development of the National Golf & Country Club in Dâmbovița County, developed by DM Sport & Energy.  With a total value of EUR 30 million, this is a sports and leisure project…

Companies of the Romanian-German Chamber of Commerce and Industry (AHK Romania) community summoned for the monthly meeting on March 5 launched a call for cooperation and unity between the social, economic, and political entities and requested more flexibility from the state to reduce bureaucracy regarding the allocation of funds for companies and investments, according to…

The first IBM Quantum Innovation Center in Romania, FreeYa Mind, will operate in Iași and will train professionals capable of harnessing the potential of quantum technology in many fields, from complex simulations in medical research to cryptography and advanced artificial intelligence algorithms, according to Agerpres. “This collaboration with the FreeYa Mind Campus will support the…

Without an explicit source, an online petition was launched for the presidential candidacy of acting president Ilie Bolojan. Launched by the user “Ilie,” the petition was signed by 4,258 on the first day, G4media.ro reported. The author of the petition seems to come from among the ruling coalition, as it argues against the ruling alliance’s…

Two polls released on March 5 in Romania support the idea that the ruling coalition formed by Liberals (PNL), Social Democrats (PSD), and Hungarian party UDMR should not replace its presidential candidate Crin Antonescu. The polls were published as Antonescu’s position as a presidential candidate seems at risk: on the one hand, his scores in…

Brokerage house BRK Financial Group (BVB: BRK) sees the shares of construction materials producer TeraPlast Bistriţa (BVB: TRP) at RON 0.46 in the next 12 months, up almost 10% from the current trading price, according to Ziarul Financiar. BRK recommends investors maintain their positions.  “Potential risks to our recommendation include fluctuations in raw material prices,…