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The Romanian Senate adopted a bill this week stating that the initiation or establishment of a fascist, legionary, racist, or xenophobic organization, as well as joining or supporting such a group in any form, “constitutes a criminal offense and is punishable by imprisonment from 3 to 10 years and the prohibition of certain rights.” “Denying,…

The confidence in the national economy dropped sharply in April before the May 4-18 presidential elections by 10.6 points to a value of 33.3 points, well below the 50-point neutral benchmark, according to the Macroeconomic Confidence Indicator compiled by a survey carried out by the CFA Romania Society among its members. It was the lowest…

Education, justice reform, and the fight against tax evasion are the main areas in which citizens expect involvement from president Nicuşor Dan at the beginning of his term, according to a survey conducted by the Declic community immediately after the end of the second round of the presidential elections. All three topics were touched on…

CEC Bank and Exim Banca Românească announced they had granted the AAylex Group, one of the main players in the Romanian food industry, the producer of the Cocorico poultry brand, a syndicated credit facility worth EUR 14.1 million to finance development. The financing is linked to investments that also benefit from non-reimbursable European funds in…

Over 92% of Dacia’s production is exported, and only 8% remains in Romania, said Cristian Nevzoreanu, executive director of Public Affairs, Renault Group Romania, at a specialized conference on May 26, as reported by Economedia.ro. Company officials noted that more can be done to support the local automotive sector. “For every new car sold [in…

Romanian entrepreneurs will have access to over EUR 1.5 billion in non-reimbursable European funding this summer through multiple programmes supporting business development, innovation, and green transition, according to an analysis by consultancy firm REI Grup, published on May 26. The financing opportunities, open to micro-enterprises, small and medium-sized enterprises, as well as large companies, aim…

Director Makk Károly and cinematographer Tóth János will be celebrated through a retrospective organized by the Liszt Institute – Hungarian Cultural Center Bucharest and the festival Ceau, Cinema! between May 28 and May 30 in Bucharest. The retrospective will take place on May 29 and May 30 at the Elvire Popesco Cinema in Bucharest and…

This year, Romania has requested the European Commission to reimburse approximately EUR 1.5 billion under the 2021-2027 Cohesion Policy, and the amount will reach EUR 2.6 billion by June, according to a press release issued by the minister of investments and European projects.  “In the first five months of the year, we managed to completely…

His Majesty King Charles III sent a message of congratulations to Nicușor Dan as he officially took office as the new president of Romania. The letter was handed to the new Romanian leader on Monday, May 26, by British ambassador Giles Portman. In the message, shared on social media by the British Embassy to Bucharest,…

Romania’s largest integrated livestock farm and leading producer of cow milk DN AGRAR, listed on the Bucharest Stock Exchange (BVB) under the ticker DN, announced its 2025–2030 Development Strategy and the goal of doubling its EBITDA. The medium-term plan is built around five strategic pillars, namely expansion of existing business lines, diversification of revenue streams,…