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Romanian handball legends Carmen Amariei and Luminiţa Huţupan-Dinu were honored with induction into the Hall of Fame during the EHF Excellence Awards Gala 2024 held in Vienna on Saturday evening, December 14. The ceremony marked the second edition of the European Handball Federation (EHF) Hall of Fame awards, celebrating 21 new inductees. Among them were…

The car owners in District 4 of Bucharest who did not rent a parking lot from the municipality and do not own their own parking lot will pay a RON 540 (EUR 108) annual fee in exchange for the right to use the public parking space.  The district’s Council passed the new fee on December…

The natural gas supply and distribution company in Moldova, Moldovagaz, announced that it had already purchased 747.9 million cubic meters (7.95 TWh) of natural gas, mostly from the Romanian Commodities Exchange East during August-December, thus covering the entire natural gas demand for the entire winter period until the end of March 2025, according to Economedia.ro.…

Romania, through its National Institute for Research and Development in Informatics (ICI Bucharest), has joined a European consortium to develop advanced computing infrastructure powered by artificial intelligence (AI), Profit.ro reported. This initiative is part of a broader EUR 1.5 billion European project to establish seven “AI factories” that will drive innovation across industries, start-ups, small…

The operator of Bucharest’s subway network, Metrorex, announced the issuance of the Order to Start the Execution of Works for the Ion IC Brătianu station, one of the six stations of the northern section of subway Line 6.  This marks important progress in the implementation of Line 6 of the network, between the existing 1…

Romania’s gross external debt increased by EUR 23.9 billion over the past 12 months to EUR 186.3 billion at the end of October 2024, according to data published by the National Bank of Romania (BNR). The debt-to-GDP ratio reached 53.7%, up from 52.2% one year earlier. Out of the total EUR 23.9 billion rise in…

The net foreign direct investments to Romania increased by 3.3% y/y to EUR 6.3 billion in the 12 months to October, the central bank (BNR) announced.  The larger financing extended by foreign groups to their Romanian subsidiaries thoroughly explains the improvement: local subsidiaries’ net borrowing from parent groups increased by EUR 863 million in the…

Romania’s current account (CA) deficit rose by 32% y/y to EUR 28.4 billion in 12 months to October, driven by a wider deficit of trade in goods, a smaller surplus of trade in services, and stronger outflows generated by the direct and indirect investments made by foreign investors. A small improvement in secondary transfers couldn’t…

Romania produced only 43.75 TWh of electricity in January-October, 8.3% less compared to the same period of 2023, while the total domestic consumption (technological consumption included) edged up by 0.9% y/y to 43.06 TWh, according to the data published by the statistics office INS. The production of electricity in hydropower plants dropped by 21.3% y/y…

The industrial output in October increased by 1.3% y/y and by 0.4% m/m in seasonally adjusted terms, according to data published by Romania’s statistics office INS. The seasonally-adjusted industrial output has increased 2.2% over the past three months [August-October]. But this was only after a 4.2% m/m plunge in July. There are two ways of…