Category: Uncategorized
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Romanian IT company Arctic Stream closes 2025 with 10% higher turnover
Arctic Stream (BVB: AST), an IT infrastructure and security integrator, achieved revenues of RON 101.4 million (EUR 19.9 million) in 2025, managing to close the year with a profit despite a first half marked by declining results. The net profit achieved by Arctic Stream last year amounted to RON 3.4 million (EUR 0.7 million), 7%…
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Romanian utilities company Electrica sees net profit increase 159% in 2025
Utilities group Electrica (BVB: EL) registered a net profit of nearly RON 1.2 billion (EUR 235.29 million) in 2025, an increase of 159% compared to 2024, when it amounted to RON 470.2 million (EUR 92.20 million). The group’s EBITDA recorded an increase of 64.5%, respectively RON 934.4 million (EUR 183.22 million), reaching RON 2.3 billion…
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Romanian Parliament close to declaring 2027 as the “Ilie Năstase” Year
Earlier this week, the Romanian Senate adopted a legislative proposal establishing 2027 as the “Ilie Năstase” Year, meant to honor the great tennis player. The legislative proposal will also be debated by the Chamber of Deputies, the decision-making body in this case. Ilie Năstase is considered a legendary tennis player in Romania and abroad. In…
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Romanian government greenlights tax incentives for stock market investments
The Romanian executive has adopted a series of measures to facilitate investments on the Bucharest Stock Exchange (or BVB) through the new economic recovery package approved on Tuesday, February 24. The new tax facilities target both individuals who invest in shares and Exchange Traded Funds (ETFs), as well as companies that choose to list on…
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Romania certifies 7 new rare disease centers, bringing total to 58
Romanian authorities approved the certification of seven new centers of expertise for rare diseases, bringing the total number of nationally recognized facilities to 58, health minister Alexandru Rogobete announced. The move aims to improve access to diagnosis and treatment for patients with complex conditions requiring specialized care. “Rare diseases mean complex cases that cannot be…
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Forvis Mazars: Romania has one of the most active M&A markets in CEE
Romania is third in Central and Eastern Europe by volume of its M&A market, according to the annual CEE M&A report by auditing company Forvis Mazars. Romania remained one of the region’s most active M&A markets in 2025, ranking third in CEE by deal volume, with 154 transactions announced. While this represents a 32% year-on-year…
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Darryl Nirenberg sworn in as US ambassador to Romania
Darryl Nirenberg has been sworn in as the new United States ambassador to Romania, the US Embassy in Bucharest announced. He will officially assume his duties after presenting his letters of credence to the Romanian president. “The United States Embassy in Bucharest looks forward to working under his leadership to deepen the strong and enduring…
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Romanian court restores 2,500 hectares of forest to state ownership after final ruling
More than 2,500 hectares of forest land have been returned to the Romanian state’s public ownership following court action initiated by the National Forest Administration – Romsilva and the Finance Ministry. The land, located in Covasna County, was recovered after a years-long legal battle over property titles first reconstituted in 2002. Romsilva said in a…
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Slatina mayor in southern Romania vows to eliminate gambling halls from city
The mayor of Slatina, Mario De Mezzo, announced on February 25 that he will seek to ban gambling activities in the southern Romanian city, pledging that betting shops and gambling halls will gradually disappear as existing authorisations expire. “Slatina will be the first city free from gambling,” De Mezzo said, according to Agerpres. The measure…
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Romanian Social Democratic Party’s leader wants new referendum on remaining in the ruling coalition
Sorin Grindeanu, leader of Romania’s Social Democratic Party (PSD) – the largest party in the four-member ruling coalition – said he is considering organising a “slightly extended” internal referendum to ask party members whether they want to continue governing under prime minister Ilie Bolojan or prefer another Liberal (PNL) prime minister, and whether the reformist…