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Ciprian Pop has received authorization from the Financial Supervisory Authority (ASF) for the role of Chief Executive Officer (CEO) of Allianz-Țiriac Private Pensions, the company announced. He is joined on the executive leadership team by Alexandra Bălan Marinescu, deputy CEO. With nearly two decades of experience within Allianz-Țiriac and the broader Allianz Group, Ciprian Pop…

The summer months are filled with film festivals, many of them holding outdoor screenings to take advantage of the warm summer evenings. Below is a selection of upcoming events. Ceau, Cinema! July 16 – July 20, Timişoara The 12th edition of the event features a comprehensive program, encompassing Romanian film premieres, a Ken Loach Focus,…

The mayor of Chisinau, Ion Ceban, was banned from entering Romania, as well as the entire Schengen area, for a period of 5 years, according to Ziarul de Garda, quoting official sources in Romania. The Romanian Ministry of Foreign Affairs announced in a press release that, for reasons related to national security, Romania has ordered…

The far-right opposition party Alliance for the Union of Romanians (AUR) announced, in a press conference held on July 9, that it filed a no-confidence motion against the government of prime minister Ilie Bolojan in response to the executive’s request for a no-vote procedure involving its fiscal corrective package. The motion will be delivered in…

Restart Energy One, a Romanian independent energy supplier and renewable project developer, has proposed repaying just 17% of the face value of its bond debt as part of a restructuring plan submitted under a pre-insolvency procedure. The company published the proposal in a report to the Bucharest Stock Exchange on July 9. The plan allocates…

The adjustment generated by the fiscal corrective package drafted by the Romanian government could be sufficient to avoid a credit rating downgrade and maintain the country’s access to EU funds, which could support a stabilization of the EUR-RON exchange rate in the range of 5.05–5.10 in the second half of 2025, according to a research…

The interest rates at which the Romanian state borrows for 10 years – the benchmark for financing costs – fell on July 9 to the lowest level this year, to 7.15% per year from 7.52% a week ago, according to Ziarul Financiar. The interest rate cut reflects a positive reaction from investors to the government’s…

Romania raised approximately EUR 5 billion on July 9 in its first FX bonds issued after the political normalization and the fiscal corrective package aimed at addressing its major fiscal slippage, amid reported robust demand. The country’s borrowing cost, revealed by both the spreads in the FX bond issues and the yield for the 10-year…

It’s a weekend of music events, from the long-standing jazz festival in Gărâna to classical music in Bucharest, Sibiu, and Sfântu Gheorghe, but also one for reconnecting with nature at a festival bringing the Făgăraş Mountains under the spotlight. In Bucharest: EUROPAfest Until July 13 Artists from 20 countries perform at the event, covering jazz,…

A violent storm with extremely strong winds struck the popular mountain town of Sinaia, Prahova Valley, on July 9, causing significant damage, injuring at least 16 people, and disrupting transport and local infrastructure. Historical sites in the city have also been affected. Authorities had issued a message via the RO-Alert system ahead of the storm, warning…