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A tugboat sank on Wednesday, March 18, in Midia Port, Constanța County, with five people reportedly on board, triggering a large-scale rescue operation. Authorities confirmed that one crew member has died, while four others remain missing, Digi24 reported. Emergency services were alerted shortly after the incident occurred in the port area, with multiple response teams…

Leading developer One United Properties (BVB: ONE) is preparing a new residential development in Bucharest’s Floreasca district after acquiring a 9,045 sqm plot of land on Barbu Văcărescu Street. The project, called One Floreasca Sunset, is planned for a site located between Lake Floreasca and Lake Tei. The development will consist of two residential buildings…

A major retrospective dedicated to Constantin Brâncuși will open in Berlin under the joint patronage of the presidents of Germany, France, and Romania, marking one of the most significant exhibitions devoted to the Romanian sculptor in recent decades, ICR said. The exhibition will run from March 20 to August 9 at the Neue Nationalgalerie, with…

The Ministry of Finance announced the adoption of the Formal Opinion by the Economic and Development Review Committee (EDRC) of the Organisation for Economic Co-operation and Development (OECD), following the assessment of Romania in this working format, in the process of accession to the Organisation. With this, the Finance Ministry completes the three chapters under…

Romania’s energy minister Bogdan Ivan announced that the ministry he leads has submitted a draft normative act to the government aimed at declaring a crisis situation in the fuel sector, a move that would allow authorities to intervene more rapidly in the market. So far, the government has intervened to tame the rise in fuel…

Romania’s state-controlled gas producer Romgaz (BVB: SNG) confirmed that negotiations to acquire fertilizer producer Azomureș are still ongoing, according to Ziarul Financiar, despite recent delays that have already impacted the target company’s operations. Azomureș, currently owned by the Swiss group Ameropa, recently announced layoffs amid uncertainty surrounding the takeover. The deal is seen as strategically…

Romania’s current account (CA) deficit has narrowed by 5.3% y/y to EUR 977 million in January, as the 15% y/y smaller deficit of the trade in goods was fully offset by a wider deficit of the primary income balance reflecting stronger outflows of dividends and interest (and, as the number of foreign workers rises, wages)…

Romania’s public debt increased by RON 174.4 billion, or 18.1% y/y, to RON 1.138 billion (EUR 223.3 billion, 59.6% of GDP) at the end of December 2025, according to data published by the Finance Ministry. Although remaining under the 60% threshold, the debt-to-GDP ratio marked a significant 4.8 percentage points 9pp) advance – not as…

Romanian artist Bianca Pîrlog is set to present her work across several major European art venues in 2026, including the European Museum of Modern Art (MEAM) in Barcelona, alongside exhibitions in London, Paris, and Monaco. The international circuit marks a significant step in her expanding global presence. The Barcelona exhibition, scheduled for April 17-19, is…

Romanian president Nicușor Dan took part in a blood donation campaign organized at the Cotroceni Palace in Bucharest, joining an initiative aimed at raising awareness about the ongoing need for blood supplies. The event was held in the Union Hall, one of the most iconic rooms of the presidential residence. The campaign was organized by…