Category: Uncategorized

Romanian president Klaus Iohannis has reiterated that he will not resign, dismissing calls for his departure as “populist rhetoric.” He emphasized that his mandate is based on the Constitution and that he will continue to serve until a new president is elected. “I believe this is a topic raised for populist reasons. We operate according to…

Horeca Trading Distribution (HTD Shop), a key player in the retail and distribution market, targets EUR 1.5 million mln in revenue for 2025, an increase of about  60% compared to the 950,000 euros reached in 2024. At the same time, the company strengthens its presence on the markets of Bulgaria and Hungary and expands to…

The Free Subway Union (USLM), which reunites the Bucharest subway employees, initiated a Japanese-style strike on Monday, February 3, to raise awareness of the staff shortage impacting their work. If no agreement is reached with the government, they plan a general strike starting February 10. The strike comes after the government began a cost-cutting campaign aimed…

Roughly 1.17 million Romanian tourists visited Turkey between January and December 2024, an increase of 18.52% compared to 2023 (990,005), according to data from the Turkish Ministry of Culture and Tourism. Overall, the same source said, 2024 has been Turkey’s most successful year in tourism. By the end of 2024, Turkey also hosted 329,796 tourists…

Romanian developer Forty Management said that it started the development of Lagoon City in Seville, Spain, following an investment with a gross development value of more than EUR 100 million. The first phase consisted of acquiring a 12 ha (120,000 sqm) site in Bormujos, a suburb of Seville. The transaction is conditional on the seller…

Premier Energy SRL has separated its natural gas supply and distribution activities to comply with European regulations. Following the division, the group now operates through two distinct entities: Premier Energy SA, responsible for natural gas supply, and NeoGas Grid, which manages natural gas distribution services. Premier Energy announces the legal separation (“unbundling”) of its natural…

MAS PLC, a leading property investor and operator in Central and Eastern Europe (CEE), sold a portfolio of seven strip malls in Romania to M Core Group. According to Cushman & Wakefield Echinox, which assisted the seller in the deal, the retail assets have a total gross leasable area of approximately 32,000 sqm, located in…

Romania’s leading ruling partner, the Social Democratic Party (PSD), endorsed Crin Antonescu, who was proposed by the Hungarian party UDMR and has already been endorsed by the Liberals (PNL) as the ruling coalition’s presidential candidate. He also set a conservative agenda for the electoral campaign. In his position as PNL president, Crin Antonescu brought his party…

The Romanian Ministry of Energy has sent a request to energy companies in which the state is a shareholder and to public institutions in the energy sector to analyze the negative effects of the European Union’s Green Deal policies and European and national environmental legislation on them, Ziarul Financiar reported. The move comes in the…

Romania’s power transport and grid operator Transelectrica (BVB: TEL) announced that it has registered with the Trade Register the Joint Venture GECO Power Company – Green Energy Corridor Power Company, a limited liability company based in Romania, which will implement the Green Corridor project supposed to bring green energy from Azerbaijan. The project, estimated to…