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Authorities in Romania have uncovered alarming conditions in over 250 care homes for the elderly and people with disabilities, including minors, following a series of inspections led by the National Authority for Consumer Protection (ANPC). The checks, carried out in collaboration with several state institutions, revealed severe violations of hygiene and food safety regulations. Inspectors…

A team of international researchers has uncovered two new species of dinosaurs in Romania’s Hațeg Basin, part of the UNESCO Global Geopark Țara Hațegului, the University of Bucharest announced. The discovery, led by Dr. Verónica Díez Díaz from the Museum für Naturkunde Berlin, sheds new light on the diversity of dinosaurs that roamed Europe during…

Danish renewable energy developer Eurowind Energy has completed the installation of eight Siemens Gamesa SG 6.6-170 wind turbines at the Pecineaga wind farm in Constanța County, marking the deployment of the largest wind turbines in Romania, according to Economica.net. The turbines, each with a 170-meter rotor and a nominal capacity of 6.6 MW, are designed…

The Romanian banking system’s aggregated profits increased by 5.4% y/y to RON 14.0 billion (EUR 2.8 billion) in 2024, after it contracted by 19.2% y/y to RON 2.35 billion (EUR 473 million) in Q4, according to calculations based on profitability ratios published by the National Bank of Romania (BNR). The return on assets (ROA) ratio…

Romania’s opposition party Save Romania Union (USR) has called on defence minister Angel Tîlvăr to clarify how a company with alleged ties to Russian oligarch Oleg Deripaska was awarded a contract for the construction of NATO’s largest military base in Europe at Mihail Kogălniceanu.  The party has raised concerns over national security and urged an…

According to the global leading index provider FTSE Russell, all 11 Romanian companies included in FTSE Global All Cap and FTSE Global Micro Cap indices, dedicated to Emerging Markets, kept their places within these global indices.  Moreover, the shares of Aquila Part Prod Com (AQ), Arobs Transilvania Software (AROBS), and Sphera Franchise Group (SFG) companies…

Vodafone Romania has completed the full acquisition of iSys Professional Ploiești, a provider of car fleet monitoring solutions operating under the iTrack brand, according to Profit.ro.  The company’s services will be integrated into Vodafone’s existing fleet management solutions, Profit.ro reported. The shares were sold by Eduard Ion Pughin (60%) and Corvin Gabriel Pughin (40%), who…

Romanian prime minister Marcel Ciolacu said on Monday, February 24, that a “lasting peace” in Ukraine cannot be achieved without the involvement of the United States, and argued that Romania does not have to choose between it and the European Union. The statements come as the Trump administration is currently negotiating a resolution to the…

Romania’s acting president, Ilie Bolojan, has invited leaders of parliamentary parties to consultations on Wednesday, February 26, to prepare the country’s stance for the extraordinary European Council meeting on March 6 in Brussels.  The summit, convened by European Council president Antonio Costa, will focus on the war in Ukraine and the European Union’s response to…

Roughly 40 searches took place in the Port of Constanța and other locations on Monday, February 24, in an investigation by the Anti-Corruption Directorate, or DNA, targeting influential local businessmen, former customs officials in the port, and one of the leaders of the Constanța branch of the governing Social Democratic Party (PSD). The prosecutors’ accusations…