Category: Uncategorized

Dulcinella Romania, a local network of confectioners and pastry shops with Bessarabian roots, plans this year to open a factory in Târgu Neamț where the production activity would be relocated, which would help it reach a turnover of EUR 10 million, up 30% compared to 2024. The plant would have a production area of 4,700…

Romania has won an international arbitration case brought by investors in renewable energy, avoiding EUR 256 million in claimed damages. The International Centre for Settlement of Investment Disputes (ICSID) ruled on January 16, 2025, that Romania did not violate guarantees under the Energy Charter Treaty. The Arbitral Tribunal also ordered the claimants, a group comprising 28…

The volume of construction works in Romania decreased by 5.0% y/y in the first 11 months of 2024, according to data published by the statistics office INS. The figure compares to a 1.5% decline expected by the government for the entire 2024, included by the state forecasting body CNP in the latest projection drafted in…

Chinese group Haier announced it will close down its refrigerator factory in Romania, the group’s largest production hub in Europe, launched in 2021 after EUR 70 million in investments that included EUR 25 million in state aid. The company officially informed the Romanian authorities of its intention to close and will begin discussions to terminate…

Ultranationalist independent candidate Calin Georgescu would mark a clear win in the first round of the presidential elections (38%) but would not significantly improve his score in the second round against the candidate of the ruling coalition Crin Antonescu whom he might defeat with 39% to 38%, according to a poll conducted by Avangarde. The…

Stanleybet Capital, the holding company overseeing one of the main sports betting and gambling operators in Romania – Game World Group – has announced a public bond offering to raise between EUR 3 and 5 million. The funds will be allocated to marketing and promotion efforts for its online and retail divisions, as well as…

Ameropa Grains, Romania’s largest grain trader with an annual turnover exceeding RON 8 billion (EUR 1.6 billion), has listed silos in Călăraşi and Constanţa for sale, including strategic facilities with access to the Black Sea.  Sources cited by Ziarul Financiar indicate that Cambela Prod, a rising competitor controlled by Bela Tănase, is among the potential…

Romania’s president Klaus Iohannis and prime minister Marcel Ciolacu joined the world leaders on congratulating Donald Trump on his inauguration as the 47th president of the United States.  “Congratulations to president Donald Trump for the inauguration! Romania, a close Strategic Partner of the US, wishes you the best of success in this important new mandate.…

Close to 150 concerts make up the program of this year’s edition of the George Enescu Festival, the largest classical music event in the country, the organizers announced. The festival will take place between August 24 and September 21 in Bucharest and several other cities. Bucharest will host 95 concerts in the festival’s usual venues,…

The longest theatrical event in the world, “Horror Vacui,” will take place in February in Bucharest, as announced by the A.R.T. Fusion Association. The event consists of a large-scale artistic act supported by over 500 actors, which will take place between February 15 and 22 at the Galateca Art Gallery in Bucharest, for 7 days, 24…