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Romanian prosecutors conducted searches on Friday, November 7, at the headquarters of the steel mill Liberty Galați and in several counties, in a case of embezzlement and tax evasion that includes Russian gas giant Gazprom, Economedia.ro reported. Specifically, two members of the board of directors of Liberty Galați are accused of having transferred emission certificates…

Romania has begun testing the US-supplied Merops anti-drone system as part of wider NATO efforts to strengthen air defenses on the alliance’s eastern flank, defense minister Ionuț Moșteanu told local news channel Digi24. The system, already used in Ukraine, has been undergoing trials in Romania for about two weeks and will be integrated into NATO’s…

The Ministry of Development proposed to the government to analyse the opportunity to develop an investment program dedicated to the economic recovery of small towns with a population of under 25,000 in non-metropolitan areas. The financial support for the development of these towns has been so far fragmented, and competition with large cities for funds proved…

Prime minister Ilie Bolojan said on November 6 that he hopes that the ruling coalition will manage to legislate by the end of this month the rest of the second package of budgetary measures, namely the public administration streamlining law and the law on magistrates’ pensions. Unless the law on the public administration is legislated,…

Japanese group Makita announced that it will reduce production of power tools in China for the US market due to the unpredictability of US tariffs and move this production to factories in Romania and Thailand, according to Nikkei Asia, as reported by Economica.net.  The Japanese group reported business of almost EUR 640 million locally last…

The Competition Council has outlined a series of concerns related to the transaction through which the Schwarz group, which operates the Kaufland and Lidl store chains in Romania, intends to take over the La Cocoș stores, according to a press release quoted by Economica.net. It subsequently invited the buyer to propose a set of measures…

Romania’s flag carrier, Tarom, has requested the government to disburse a new tranche of restructuring state aid approved in 2024 to address the current liquidity deficit, Profit.ro reported. The company argued that, because of late payment penalties and other claims of the creditors, its cash flow can be destabilised, ultimately leading to the failure of…

Retail sales volume contracted by 2.3% q/q in Q3, resulting in a 0.3% y/y decline in Romania (the second negative reading since the Covid-19 pandemic), visibly dragged down by the real wages that contracted by 3.7% y/y in July-August (latest data available) after +2.2% y/y in Q2, +4.6% y/y in Q1 and around 9%-10% y/y…

Via Transilvanica, the long-distance trail stretching between Putna, in northern Romania, and Drobeta Turnu Severin, in the southern part of the country, has inaugurated a sundial in Dealu Negru, in Bistrița-Năsăud county. The solar clock, with a 20-meter-diameter dial, has been set up on a former heliport. It is named Sol Rex Regnum (Sun, the…

The National Chamber Choir “Madrigal – Marin Constantin” announced it will embark on its 2025 “Madrigal de Crăciun” tour between December 3 and 21, bringing eight holiday concerts to seven cities across Romania. Tickets are available online. Under the baton of conductor Anna Ungureanu, the ensemble will perform in Cluj-Napoca, Târgu Mureș, Sibiu, Iași, Botoșani,…