Category: Uncategorized
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Romania maintains plan to double electricity production by 2032, energy minister says
Romania maintains its assessment that by 2032 it will double its electricity production and become a major energy exporter in the region, energy minister Sebastian Burduja said. For this, he added, “a smart energy transition is needed, which uses all of Romania’s sources and resources to generate as much energy as possible.” Romania is currently…
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Elon Musk calls Romanian top court judge a “tyrant,” JD Vance renews criticism of election annulment
Elon Musk and US vice president JD Vance have both criticized Romania’s decision to cancel its presidential elections last December, with Musk calling the head judge of the Constitutional Court a “tyrant” and Vance questioning the country’s commitment to democratic values. Musk took aim at Marian Enache, the president of Romania’s Constitutional Court (CCR), who…
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Romania’s Dacia may produce electric model at local factory
Romania’s carmaker Dacia will produce an electric model in Europe for the first time, which will cost less than EUR 18,000, announced the CEO of the Renault Group, Luca de Meo, according to Auto Car UK, Electrive and Economedia.ro. Specifically, Luca de Meo, CEO of the Renault group, announced the imminent appearance on the European market…
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Erste sees Romania’s economy up 2.0% in 2025, driven by hefty state investments
Erste has revised downwards its estimates for Romania’s GDP growth this year to 2% (driven by hefty state investments) from 2.8%, according to its latest Instant Comment published after the flash Q4 GDP data showing. It was the steepest negative revision among the countries covered, while the country’s growth remains below the region’s 2.6% average. The lag…
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Romania’s construction works down 5.9% in 2024 after 30% surge in past two years
The volume of construction works reported by Romanian companies in 2024 contracted by 5.9% compared to 2023, a significant correction after the outstanding 30% combined surge seen over the past two years (2022-2023). Over the past five years, the construction work volume in Romania rose by an average annual rate of 7.2%, making it one…
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Romania may summon Supreme Defense Council on international security developments
The Supreme National Defense Council (CSAT) could be convened, most likely at the end of next week, sources from the Presidential Administration quoted by the public radio station Romania Actualitati reported. In recent days, several political leaders have stated that an emergency meeting of the CSAT is needed. The joint candidate of PSD, PNL, and…
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Dutch police arrest fourth suspect in Drents Museum theft, Romanian gold artifacts still missing
Dutch police have arrested another suspect in connection with the theft of Romanian archaeological masterpieces from the Drents Museum in the early hours of January 25. The investigators previously arrested three suspects, who are still in custody, but the stolen artifacts, including the historic golden helmet of Coţofeneşti, have not yet been found. The fourth suspect is…
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Romanian confectionery chain aims to build on the success of Dubai Chocolate with locally-flavoured Carpați and Dunărea bars
Dulcinella Romania, a well-known confectionery and pastry chain with Bessarabian roots, is expanding its premium chocolate line with two new products: Carpați Chocolate and Dunărea Chocolate. These Romanian-inspired chocolate bars come as a response to the overwhelming success of Dulcinella’s version of the Dubai Chocolate, which has generated over RON 2 million (EUR 400,000) in…
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Madrigal Chamber Choir to hold Easter Tour in seven cities in Romania, Moldova
The “Madrigal – Marin Constantin” National Chamber Choir will hold the Easter Tour “Holy Week” with performances in seven cities across Romania and the Republic of Moldova in April 1-17. The Extraordinary Show “Holy Week,” conducted by Anna Ungureanu, will be presented in Câmpina, Bacău, Chișinău, Pitești, Râmnicu Vâlcea, Timișoara, and Bucharest. Special guests at…
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Romanian executive to cut 1,800 civil servant positions, keep VAT and flat tax rates
Romanian prime minister Marcel Ciolacu revealed plans to cut 1,800 civil servant positions (13.5%) from 32 institutions under the government’s authority during press statements on Thursday, February 20. The prime minister, who said that this is the start of the largest reduction in public expenditures in history, also added that the government will not raise…