Category: Uncategorized

The Pavăl brothers, founders of the Dedeman group, are expanding their renewable energy portfolio with a new solar power plant project. Their electricity production company, Grunman Energy, is set to develop the Pantelimon Depozit Photovoltaic Power Plant, a 5 MW facility in Ciocani, Vaslui county, Profit.ro reported. Grunman Energy acquired the project’s original developer, Zen…

Europe’s “greening” policies were not well-thought-out public policies, but an ideology followed blindly on the model of shock therapy, and this must stop, and the economy must be rebuilt on solid, competitive, and innovative foundations, said energy minister Sebastian Burduja. At the same time, his ministry’s policies, particularly the use of EUR 3 billion under…

The stock of credit granted by banks to the Romanian government surged by 23% y/y to RON 250 billion (EUR 50 billion) at the end of 2024 – three times faster than the non-government credit (loans granted to the population and companies), according to data published by the National Bank of Romania (BNR) and consulted…

Low-cost carrier Wizz Air announced three new routes from Bucharest, two additional aircraft, and a permanent base that will be established in the Romanian capital at the Băneasa Airport. The new base will open starting April 1, 2025. The move will see the airline increase its Bucharest fleet to 21 aircraft. “Bucharest is of crucial importance…

Shopping center developer Argo Capital sold Shopping City Suceava in northeastern Romania to M Core for an undisclosed sum. The property offers a leasable area of 43,100 square meters, hosting over 100 retailers. According to real estate consultancy company iO Partners, which advised Argo Capital, this marks the largest transaction in the past five years…

“Language Buddy,” a project launched in the city of Brașov, aims to support young migrants and refugees in learning the Romanian language. The same project trains students as mentors in intercultural pedagogy. “Language Buddy” is a model simultaneously implemented in eight European countries (Greece, Italy, Romania, Bulgaria, Spain, Portugal, Malta, and Austria) and is based…

President Klaus Iohannis and prime minister Marcel Ciolacu reaffirmed Romania’s intention to combat anti-Semitism and promote the memory of Holocaust victims with the occasion of the International Day of Commemoration of the victims of the Holocaust. The head of the Romanian executive attended the ceremony dedicated to the international day and the remembrance of the…

Bucharest, Ilfov, and Timiș emerged as the regions with the highest number of registered mortgages in Romania in 2024, followed by Iași and Constanța. According to an analysis conducted by online broker Ipotecare.ro and financial consultant and mortgage lending company SVN Credit Romania, roughly 86,600 mortgages were recorded nationwide last year, marking a 26.5% increase…

Two Romanian films have been selected in sections of this year’s Göteborg Film Festival. Emanuel Pârvu’s Three Kilometers to the End of the World has been selected in the festival’s International Competition, while Bogdan Mureșanu’s The New Year That Never Came in the Voyage section, which features films from around the world. The team of…

Following the recent theft at the Drents Museum in the Netherlands, the Brukenthal National Museum in Romania has decided to close temporarily to raise awareness about the importance of protecting cultural heritage. From January 27 to 31, the museum will close its doors in a symbolic act to highlight the critical need for safeguarding national…