Category: Uncategorized

—

by

The US Embassy in Bucharest announced the retirement of Ambassador Kathleen Kavalec on Tuesday, May 20. In her place, Michael Dickerson, currently Deputy Chief of Mission at the Embassy, has assumed the role of Chargé d’affaires ad interim. “We express our gratitude to the US Ambassador to Romania, Kathleen Kavalec, who is retiring after a…

Selection process for Romania’s High Court president begins

—

by

The Judges’ Section of the Magistrates Supreme Court (CSM) has launched the procedure for filling the position of President of the High Court (ICCJ), according to G4media.ro quoting CSM official documents. According to media sources, in the books for the position is judge Lia Savonea, former head of the CSM and of the Bucharest…

60 MW PV park developed by Ukraine’s DTEK comes online

—

by

One of the companies controlled by Ukrainian conglomerate DTEK in Romania is set to receive the commercial operation license for a 60 MW park already connected to the grid in January, with most of the energy going to OMV Petrom (BVB: SNP), Economica.net reported. Glodeni Solar is owned by DRI, a subsidiary of the DTEK…

Investors give Romania more time to address fiscal imbalances as political risks subside

—

by

“A downgrade to junk is now less likely, but not impossible and will depend on medium-term fiscal plans,” JP Morgan analysts said in a note to investors speaking of the outcome of the presidential elections in Romania. The markets reacted positively to the win of pro-EU candidate Nicusor Dan, but the investors still expect the…

Markets rally as Romania’s political outlook stabilises after Dan’s presidential election victory

—

by

Romanian financial markets reacted positively on May 19 to the outcome of the country’s presidential election, reflecting renewed investor confidence in political stability and expectations of fiscal normalisation. The Romanian leu appreciated by 1.4%, 10-year government bond yields dropped by 60 basis points to 7.41%/7.16%, and the Bucharest Stock Exchange main indices surged by more…

President-elect Nicușor Dan assures Maia Sandu of Romania’s unwavering support for Moldova’s EU path

—

by

President-elect Nicușor Dan held a phone conversation with Moldovan president Maia Sandu on Monday, May 19, reaffirming Romania’s strong support for Moldova’s European aspirations. In a post on X following the call, Dan thanked Sandu for her congratulations on his presidential election victory and emphasized the close bond between the two countries. “I assure you…

Via Transilvanica: Brașov to become third entry point to long-distance trail crossing Romania

—

by

The central Romania city of Brașov will turn into the third entry point to the long-distance trail Via Transilvanica, after Putna and Drobeta Turnu Severin, according to Biz Brașov. The trail, which spans some 1,400 km at the moment, starts in the northern Romania region of Bucovina, at Putna, crosses Transylvania, and ends at Drobeta…

Romania will remain staunch NATO member, focus on defense investments, newly-elected president Nicușor Dan says

—

by

Romania will remain a staunch ally in NATO while focusing on defense investments, newly-elected president Nicușor Dan said after a call with NATO secretary general Mark Rutte. “Romania will continue to be a staunch ally. At the same time, we count on @NATO to deliver ironclad security for Romania. We will focus on defense investments…

European Commission cuts Romania’s 2025 economic growth forecast to 1.4%

—

by

The European Commission has revised down its economic forecast for Romania, predicting a modest GDP growth of just 1.4% in 2025 – below the 2.5% projected in its previous autumn outlook. The updated Spring Forecast also anticipates a slight recovery to 2.2% in 2026, but warns that economic momentum could be constrained by rising uncertainty…

Romanian Culture Ministry launches EUR 24 mln project to digitize national heritage

—

by