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Romanian interim president Ilie Bolojan had his first phone call on Wednesday, February 12, after his confirmation, with the president of Moldova, Maia Sandu. In the call, the two officials spoke of the special relationship between the their countries. In 1940 Romania was compelled to cede its territories between the Prut and Dniester rivers to…

Bucharest’s District 6 mayor, Ciprian Ciucu, announced the start of the second phase of the Morii Lake park redevelopment, focusing on the island. The project aims to transform the area, giving the lake a more natural appearance, as opposed to its current industrial look, while turning the island into a vibrant space for leisure, cultural…

The German group REWE, which also owns the Penny chain of stores, has launched operations to bring the BIPA brand, the largest drugstore chain in Austria, to Romania. According to Profit.ro, it already established the company that will operate the new stores in the local market. In Austria, the BIPA network includes over 500 stores…

The Dutch-UK retail group Ahold Delhaize plans to expand the Profi retail chain recently taken over in Romania, under a EUR 150 million project envisaging over 100 more units, according to Economica.net quoting a company announcement in the context of the group presenting the financial results for Q4 and 2024. The 100 new units will…

Nordic culture is under the spotlight at a dedicated festival in Bucharest, where several concerts mark the upcoming love-themed celebration. In Bucharest: Nordic Festival February 13 – February 16 The multidisciplinary festival that explores the culture of the Nordic countries has a program covering a selection of award-winning films, debates with special guests, literary events,…

The Romanian energy supplier AIK Energy, controlled until 2022 by Russian citizen Natalia Rybchenko (currently Niță), a former manager at Lukoil between 2000 and 2007 who founded AIK Energy in the UK 12 years ago, went bankrupt as neither the company nor the judicial administrator or the creditors proposed any reorganization plan, Profit.ro reported. The…

The European Commission decided on Wednesday, February 12, to issue a reasoned opinion to Romania for failing to correctly apply the regulations of EU Directive 2011/7 on combating late payments in commercial transactions, according to a statement from the Community Executive quoted by Economica.net. The Directive requires public authorities to pay their suppliers on time,…

Romania’s power generation capacities increased by 1.9 GW in 2024, driven by a combination dominated by the PV prosumers that, for the first time in many years, included new coal-fired production capacities, according to a survey carried out by Ziarul Financiar. Of this new capacity, 894 MW came from prosumers who installed PV panels with…

Analysts surveyed by Economica.net expressed expectations for the National Bank of Romania (BNR) to keep the monetary policy rate at 6.5% at the monetary policy meeting on February 14, expecting more clarity from the fiscal and budgetary policies. Analysts expect the central bank to keep the key rate at 6.5%. The BNR could continue to…

A total of 122 Romanian productions – feature films, documentaries, and short films – released in 2024 will go through the judging phase for the 19th edition of the Gopo Awards, set to take place on April 29 in Bucharest.  The Gopo Awards have two preselection juries: one for the feature film category and another…