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The net profit of Banca Transilvania, Romania’s largest bank, at the end of September 2025, was RON 2.92 billion (EUR 574 million), 7.9% more than the same period in 2024, a dynamic mainly impacted by the increase of the banking tax, according to the results released on Monday, November 10. Banca Transilvania financed companies with RON 16 billion (EUR 3.15 billion), and the general population…

Foreign minister Oana Ţoiu announced on Monday, November 10, that the Romanian Senate adopted a bill criminalizing the violation and circumvention of international sanctions against Russia. According to the new law, those who help individuals and companies on the sanctions list will no longer get away with a simple fine but will be held criminally…

Radio România Muzical will broadcast, beginning November 13, eight recordings of the concerts conducted by Sergiu Celibidache in Romania. The initiative comes in a month that also sees the release of the biopic Yellow Tie, directed by the celebrated conductor’s son, and the launch of the volume Spațiul Celibidache (The Celibidache Space) by Stejărel Olaru.…

Romania has the 21st most expensive electricity in the world, according to a statistic compiled by the International Energy Agency (IEA), which compares electricity prices for households in 144 countries. Romania’s electricity is 70 times more expensive than the cheapest electricity in the world, which is sold to households in Iran, and 58 times cheaper…

Multinational consumer goods corporation Procter & Gamble will relocate its main Romanian headquarters to the business campus Yunity Park after signing a ten-year lease agreement with developer Genesis Property. The multinational will move to a space of approximately 7,000 sqm, located in Building E of the business campus, Genesis Property said. Genesis Property owns and…

Bucharest was included for the first time in the European ranking of cities analyzed for investment in the Emerging Trends in Real Estate Europe 2026 report, recently published by PwC and the Urban Land Institute.  The report shows a favorable context for Central and Eastern Europe, as companies explore investment opportunities due to lower utility…

President Nicușor Dan intervened in the conflict sparked between recently-appointed deputy prime minister Oana Gheorghiu and the Superior Council of Magistracy, or CSM. The latter filed a criminal complaint against the former, after Gheorghiu stated that the magistrates’ pensions have to be cut. Specifically, Oana Gheorghiu stated during an interview on Digi24 that she understands…

Digitail, a provider of AI-powered practice management software for veterinary clinics, has raised USD 23 million in a series B funding led by Five Elms Capital. Existing investors Atomico, Partech, Byfounders, Gradient, and others also participated. This brings the company’s total investment to over USD 37 million. The investment will enable Digitail to accelerate product…

Romania’s former head of the Environmental Guard, Octavian Berceanu, has claimed he was offered a EUR 10 million bribe to intervene in a defense-related commercial deal, he revealed in an interview with Europa FM. According to Berceanu, the offer came from former Social Democrat (PSD) senator Marius Isăilă, who allegedly asked him to use his…

Romania’s automobile output declined by 2.7% year-on-year in the first ten months of 2025 to 453,955 units, according to data published by the Romanian Automobile Manufacturers Association (ACAROM). Of the total, 245,765 cars were produced at Automobile Dacia’s Mioveni plant, marking a 5% decrease compared to the same period in 2024. Production at Ford Otosan’s…