Category: Uncategorized
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Case involving ex-presidential candidate Călin Georgescu is “most serious in 35 years,” prosecutor general says
Romania’s prosecutor general Alex Florența said Tuesday, September 16, that the case against former presidential candidate Călin Georgescu and alleged paramilitary leader Horațiu Potra represents “the most serious case monitored in the last 35 years,” Hotnews.ro reported. He also warned once again that Romania has been under sustained hybrid warfare aimed at destabilizing society and…
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OMV Petrom to bring dividend yield this year to 9.1% with special disbursement
OMV Petrom, the second largest company listed on the Bucharest Stock Exchange, announced on September 16 that the Board of Directors proposes to shareholders the distribution of a special dividend in a gross value of RON 0.0200 per share, equivalent to approximately RON 1.246 billion (EUR 250 million). The company’s market capitalisation reached RON 53…
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Romanian telco Digi says it will retain control of all subsidiaries amid possible Spanish listing
Romanian telecommunications group Digi Communications said on September 16 that it does not intend to cede control of any of its subsidiaries, including Digi Spain, amid reports that it is preparing the Spanish unit for a stock market debut in 2026, Profit.ro reported. “Digi Group continuously evaluates strategic options for developing its activities in various…
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CES BUCHAREST Study: Food, Cosmetics, and Children’s Products are the Most Frequently Purchased Sustainable Products
However, prices and lack of information discourage Romanians from making such purchases. More than half of Romanians (52%) say they adopt sustainable behavior in their daily lives and 53% frequently buy sustainable products, according to a study conducted by the BUCHAREST CENTER FOR ECONOMY & SOCIETY (CES Bucharest). The most sought-after sustainable products are food,…
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Romania’s automobile production down 2.7% y/y in January-August
Dragged down by the Dacia factory, Romania’s car production fell by 2.7% y/y to 346,800 units after the first eight months of this year. Ford Otosan surpassed Renault’s subsidiary in both July and August, marking the largest output this year. The report of the Romanian Automobile Manufacturers Association (ACAROM) on the car production of the…
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Romanian-born Druid AI raises USD 31 million for agentic AI platform growth, appoints Joseph Kim as CEO
Druid AI today announced it has secured USD 31 million in Series C financing to advance the global expansion of its enterprise-ready agentic AI platform under the leadership of its new CEO, Joseph Kim. The investment was led by Cipio Partners, with participation from TQ Ventures, Karma Ventures, Smedvig, and Hoxton Ventures. Kim has more…
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Average Bucharest driver loses roughly 12 days annually due to congestion, report shows
Drivers in Bucharest lose, on average, 12 working days annually due to congestion, according to Traffic Index 2025, an analysis carried out by the Institute for Visionary Cities. The index compares how much circulation slows down on working days compared to a free-flow regime, for the 41 county seat municipalities and Bucharest. According to the analysis,…
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Romanian Parliament holds moment of silence for American conservative activist Charlie Kirk
Romania’s Senate and Chamber of Deputies held a moment of silence on Monday, September 15, for American conservative activist Charlie Kirk, who was shot dead at a university event on September 10. The marking of Kirk’s death came at the initiative of the far-right party Alliance for the Union of Romanians, or AUR. Both Kirk…
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EUR 60,000 shelter in Romania’s Făgăraș Mountains to be completed this autumn
A mountain shelter is scheduled to open this fall in the Făgăraș Mountains’ Curmătura Bratilei area following a EUR 60,000 investment. The shelter, located at an altitude of 2,100 meters, is built by the private ophthalmopediatric hospital Infosan in partnership with the non-profit Carpați Mountain Association and the Brașov Emergency Situations Inspectorate (ISU Brașov). The…
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Trailer released for ‘The Yellow Tie’ biopic on Romanian conductor Sergiu Celibidache
The official trailer for The Yellow Tie/Cravata Galbenă, a major international production about the life of renowned Romanian conductor Sergiu Celibidache, has been released, with the film set to hit cinemas nationwide on November 14. The cast includes John Malkovich and Miranda Richardson, both double Academy Award nominees, along with Ben Schnetzer, Kate Phillips, Sean…