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UNCHAIN Fintech Festival, the most prominent banking tech conference in Central and Eastern Europe, proudly announces its 4th edition, set to take place on June 19–20, 2025, in the well-established Fintech Fortress of Oradea, Romania. The event will continue to seamlessly merge business impact with an unmatched summer festival experience, delivering cutting-edge content and invaluable…

Infosan, the only private pediatric ophthalmology hospital in Romania, reported a turnover of approximately EUR 5 mln in 2024, representing a 10% increase compared to the previous year, despite the challenges posed by economic uncertainties. At the same time, the company invested EUR 2.2 mln this year to develop the medical services provided to its…

The Romanian government approved two draft laws establishing protocols for handling – and even shooting down – foreign drones entering the country’s airspace during peacetime.  The first bill specifies which institutions will make decisions to prevent or counter unauthorized entries into the national airspace by aircraft, drones, and other aerial vehicles. “Unmanned aerial vehicles will…

Romanian far-right politician Călin Georgescu (picture, left), who surged to the national political stage after topping the first round of the now-annulled presidential elections, backtracked on previous statements and admitted that he was at the Ciolpani farm where mercenary leader Horațiu Potra (picture, right) and Eugen Sechila met. The politician has been struggling to explain images circulating…

35 Years and One Day, a project focused on the 1989 Revolution, can be visited in the country and at several branches of the Romanian Cultural Institute (ICR) in Europe. The exhibition presents portraits of some of the young people who lost their lives during the anti-communist revolution of December 1989, as well as representative…

Artmark Auction House announced a new record for the Romanian art market set during its latest winter auction in Bucharest, which saw Nicolae Grigorescu’s “Țărăncuță odihnindu-se” (1870-1880) selling for EUR 365,000. The oil-on-canvas work thus became the highest-priced painting ever sold in Romania’s art market post-1990. The painting entered the auction with an estimate of…

The High Court (ICCJ) admitted, on December 12, the request of the descendants of dissident Gheorghe Ursu to review the sentence by which his torturers were acquitted.  A similar request, filed by the Prosecutor’s Office of the Bucharest Court of Appeal, was also admitted, and the case will be sent to the Bucharest Court of…

The leader of the Romanian radical right-wing party AUR, George Simion, called for the resignation of president Klaus Iohannis and the judges of the Constitutional Court of Romania (CCR) in the context of the annulment of the presidential elections, accusing them of organizing a “coup d’état,” Digi24 reported. Furthermore, Simion announced that he intends to…

GDP growth is projected to recover to 2.8% y/y in 2025 and 3.4% in 2026, from 0.8% in 2024, under a no-policy-change scenario, aided by statistical base and carry-over effects, Erste Group’s latest macro update on Romania reads, admitting that “the risks are clearly skewed to the downside.” Erste Group issues a broadly optimistic forecast…

The average net wage in Romania increased by 12.3% y/y to RON 5,268 (EUR 1,059) in October, amid a 7.3% y/y growth in real terms, according to data published by the statistics office INS. The average gross wage was RON 8,612 (EUR 1,733). In euros, the average net wage in Romania increased by 12.1% y/y…