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The Romanian railway infrastructure company CFR Infrastructură reportedly close to signing the contract, estimated at almost EUR 100 million, with the Bawi – Swieteski association for the modernization of the railway network in the port of Constanta, according to Economedia. The Austrian company Porr, also bidding for the contract, appealed the award but its objection…

German braking technology developer TMD Friction, which owns the Textar brake pad brand, is preparing to move part of its Leverkusen (Germany) facility to Romania, in response to “evolving market conditions,” according to Profit.ro. The company already has in Romania a factory in Caransebeș and a service center in Timișoara. At the same time, the…

The price of gas increased significantly on February 10 on the most important market in Romania, the day-ahead market operated by the Romanian Commodity Exchange (BRM), reaching over RON 450 (EUR 90) per MWh, a level not seen since December 2022 according to Profit. A volume of 1.2 GWh was traded, also a record for…

Saluting the opposition’s success in toppling President Klaus Iohannis, the leader of the Alliance for the Union of Romanians (AUR) George Simion announced that a no-confidence motion against the government of Prime Minister Marcel Ciolacu would be filed next week. He said that the motion will be signed by AUR MPs together with senators and…

Stanleybet Capital, a subsidiary of the Game World Group group of companies, one of the main sports betting and gambling operators in Romania, has concluded its public bond offering with 148,124 bonds validly subscribed and allocated – 59.2% of the target, according to a report published on the BVB by Goldring, the brokerage house that…

A Romanian soldier serving in the EUFOR Multinational Battalion passed away on Sunday, February 9, following an accident at a water park in Sarajevo while off duty, according to Romania’s Ministry of National Defense (MApN).  Sergeant Major Parlac Ionuț Cosmin, 35, was a member of the 281st Fire Support Battalion in Focșani and was on…

The president of the Senate, Ilie Bolojan, is first in line to take over the position of interim president, according to the Constitution. Bolojan has been the head of the National Liberal Party (PNL) since last year’s, annulled, presidential elections. He took over the position of PNL president from Nicolae Ciucă, who resigned after gathering only…

Romania features as the 20th most complex economy in the world in the latest Economic Complexity Index (ECI), which stresses what and how a country produces. Harvard University uses the Index to evaluate 145 countries and measure their development but also the sophistication of their exports. At the top of the rankings are Japan, South…

Romanian president Klaus Iohannis announced his resignation on Monday, February 10, arguing that he aims to spare the country from the process of an ongoing unnecessary motion to remove him. Iohannis remained president despite the conclusion of his mandate due to the cancelled presidential elections of November-December 2024. New elections are scheduled in May 2025,…

President Klaus Iohannis announced he was resigning from office to spare the country of the crisis that would ensue as the Parliament is expected to vote for his impeachment. “To spare Romania and its citizens from this crisis, I am resigning from the office of President of Romania. I will leave office the day after…