Category: Uncategorized
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FlixBus kicks off domestic operations in Romania, connecting 50+ cities with low-cost routes
FlixBus has officially launched its first domestic coach routes in Romania, offering affordable travel options between more than 50 cities across the country. Starting July 10, passengers will be able to travel between major cities like Bucharest, Cluj-Napoca, Constanța, Iași, Timișoara, Brașov, Sibiu, and many others for fares starting at RON 9.99 per trip, depending…
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Archaeological discoveries in southeastern Romania reveal ancient funerary wreaths, painted sarcophagi
The National Museum of Romanian History has announced an extraordinary archaeological discovery in Mangalia, southeastern Romania. During systematic excavations at the ancient city of Callatis’ tumular necropolis, archaeologists unearthed a rare and remarkably well-preserved stone tomb, along with funeral artifacts dating back to the 3rd century BC. Among the most striking finds are three gold-plated…
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Cooling points and water fountains available across Bucharest amid ongoing heatwave
As Bucharest faces a red alert for extreme heat, city manager Lucian Judele has announced expanded efforts to help residents cope with soaring temperatures, with a focus on the city’s network of public cooling points. In partnership with Apa Nova, the City Hall has installed six cooling stations at key locations across the capital. These…
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Romanian bookstore chain Diverta goes bankrupt
This week, the Bucharest Tribunal decided that Blor Retail, the company that operates the Diverta bookstore chain, fulfils the conditions for going bankrupt. The company had been struggling since June 2022, when it went insolvent due to the pandemic. As per bankruptcy regulations, the court revoked the company’s right of administration and ordered its dissolution.…
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Analysts expect inflation in Romania to reach 6.2% by end of 2025
Analysts polled by British publication Reuters expect inflation to be at 5.6% year-on-year at the end of June, up from May’s 5.45%. They also see inflation reaching 6.2% by the end of 2025, surpassing the central bank’s forecast of 4.6%. The higher inflation is driven by higher value-added tax and other levies that will take…
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ING Romania expects temporary inflation and warns of recession risks
The consumer price inflation will rise to 7.5%-8.0% y/y in the coming months to stabilise around 7.5% by the end of the year, but high base factors will bring it down in the region of 4.0-4.5% y/y by the end of 2026, according to the projections expressed by ING Romania economist Stefan Posea, as quoted…
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Romania’s retail sales stagnate for ninth consecutive month in May
Romania’s retail sales posted a 2.5% y/y advance in May, resulting in an average 1.4% y/y advance in April-May – a period that filters out the different Eastern holiday periods in 2024 and 2025. The retail sales thus decelerated after posting 3.5% y/y growth in Q1 and an impressive 8.6% advance in 2024 when the…
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Bear cubs to be relocated to sanctuary after mother killed over fatal attack on Romania’s Transfăgărășan
The three bear cubs left orphaned after their mother was shot and killed following the deadly attack on the Transfăgărășan mountain road last week are to be taken in by a wildlife rehabilitation center in Zărnești, Romania’s Environment Ministry announced. The female bear attacked and killed a motorcyclist on the Transfăgărășan last Thursday after the man had…
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Pay for Board of Directors at Romanian airline Tarom doubled
The shareholders of Romanian state-owned airline Tarom, including the Ministry of Transport, have voted to double the monthly gross compensation for members of the company’s Board of Directors, Hotnews.ro reported on July 7. Transport minister Ciprian Şerban (Social Democratic Party, PSD) implied that he was not aware and said that he “would use all his…
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Romanian PM confirms second fiscal corrective package by end of July
Romania’s prime minister Ilie Bolojan, speaking in front of the Parliament on July 7 to assume responsibility for the first package of fiscal measures, outlined again the measures that will be included in the second package, which mainly targets public administration and state-owned companies. This second package of measures is underway and is expected to…