Category: Uncategorized

Taiwanese group DDK, one of the world’s largest manufacturers of bicycle saddles and components, has registered in Romania the company DDK Europe Bicycle Components, based in Timisoara, Romania, marking a new stage in the group’s plan to open a production facility in the country, according to Profit.ro. DDK unveiled its plans for a factory in…

The Romanian state, through the company that manages the Port of Constanta, submitted a non-binding offer to take over the operator of Moldova’s sole maritime port Giurgiulesti (PILG), namely the company Danube Logistics (Moldova), from the European Bank for Reconstruction and Development (EBRD), according to Profit.ro. In mid-April, the EBRD announced the launch of the…

The European Commission reportedly refused Romania’s plan to re-allocate Resilience Facility money from infrastructure projects that are delayed and can not be implemented within the deadline to projects that are in a more advanced stage but were developed under national schemes (hence contracted under different, generally less restrictive, procedures). Even if the formation of a…

In line with broad consensus, Romania’s central bank (BNR) decided to keep interest rates unchanged at 6.5% in the May 16 meeting.  Amid persistent inflation (5.3% y/y CORE2 inflation in March-April) and fiscal uncertainties, analysts expect the first rate cut no sooner than this autumn. Disappointing growth and monetary policy stance of the ECB and…

Pro-EU independent candidate Nicușor Dan, the mayor of Bucharest, has won Romania’s presidential election on May 18, drawing congratulations from leaders across Europe. Among them, Moldovan president Maia Sandu, EU leaders Ursula von der Leyen, Antonio Costa and Roberta Metsola, French president Emmanuel Macron, and Ukraine’s Volodymyr Zelensky. Dan secured 53.60% of the vote in…

Romanians showed up in record numbers to vote in the second round of the presidential elections, both in the country and abroad. The exit poll results presented on Sunday evening pointed to a strong lead for Bucharest’s pro-EU mayor Nicusor Dan (54%-46%), but are only relevant for the domestic vote. Both candidates claimed victory in…

Romanians showed up in large numbers to vote in the second round of the country’s presidential elections, one of the most important democratic tests Romania has seen in the last three decades. At 14:00, exactly halfway through the voting process in the country, over 5.63 million Romanians have cast their votes, compared with 4.52 million…

Romanians abroad have mobilized massively to vote in the second round of the country’s presidential elections. The vote in Diaspora started on Friday morning, and by Saturday evening (at 19:00), over 609,000 Romanians had already cast their votes. The turnout is almost 90% higher than the one recorded at the same time in the first…

It’s almost impossible to think about anything not related to elections this weekend but if you should need some distraction, there are options. Happening now is the European Film Festival, screening recent productions from the continent, very varied in theme, tone, and genre. The fest is playing Bucharest, Sfântu Gheorghe and Timișoara until Sunday and…

Paris Hilton, who will be present at IntenCity Craiova, a festival organized this summer between June 26–29, sent a message to her fans in Romania. “I’m excited to perform at the IntenCity Festival on June 28. It’s going to be so much fun! See you there,” Paris Hilton told those who will come to Craiova.…