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Romanian mercenary Horațiu Potra, recently placed under judicial control for attempting to incite protests and possessing weapons, was compared by the Financial Times to the late leader of Russia’s Wagner Group, Yevgeny Prigozhin, in a recent article. Potra, 54, bears a striking resemblance to Yevgeny Prigozhin, was a member of the French Foreign Legion and…

Sphera Franchise Group, the largest food service group in Romania, celebrates 30 years since the opening of the first restaurant in its portfolio, during which it contributed over RON 1.2 billion to the state budget and invested approximately RON 500 million in the Romanian economy, through the development of its units’ network. “Sphera journey demonstrates…

Romania and Bulgaria will officially become full Schengen members as of January 1, 2025, after European Union member states decided to remove checks on persons at the internal land borders with and between the two countries, the Council of the EU announced on December 12. The recent decision follows an earlier Council resolution from December 2023…

In 2024, co-working redefines the way we work in Europe. Recent studies show that over 20% of freelancers and remote workers choose to work from co-working spaces, and this figure is growing rapidly. 50% of users report increased productivity, while 68% believe that the environment in a co-working space improves their well-being. These statistics highlight…

Student film takes center stage at a dedicated festival, while a Bucharest cinema hosts a Harry Potter Takeover, part of a program of Christmas movies. Meanwhile, those looking for Christmas presents have plenty of venues to check out, from the traditional season markets to a fair showcasing designer products. In Bucharest: NOËL – Designer presents…

The Romanian real estate investment market closed the first three quarters of 2024 with transactions totaling almost EUR 650 million, a threefold increase compared to the same period last year. According to Colliers’ Q1-Q3 CEE Investment Scene report, the surge was driven mainly by industrial and retail assets. At a regional level, investment volume grew…

Romanian president Klaus Iohannis has officially summoned the newly elected Parliament to convene on Friday, December 20, at the Palace of Parliament. During the inaugural session, the MPs will validate their mandates, take the oath of allegiance to the country and its people, and proceed to elect the presidents, permanent bureaus, and standing committees for…

Former mayor of Bucharest District 1, Clotilde Armand (USR), lost the right to hold an MP seat in the new Parliament after the High Court (ICCJ) conferred the Integrity Agency (ANI) finding related to Armand’s conflict of interest on December 11. Clotilde Armand accused the ruling as politicised. USR regional leader Vlad Voiculescu confirmed that…

The Netherlands has officially given the green light to the full admission of Bulgaria and Romania to the Schengen area following a vote in the Dutch Parliament to endorse the government’s recent decision in this regard, Profit.ro reported.  On December 12, EU interior ministers are set to vote in Brussels on the full admission of…

The National Bank of Romania (BNR) warns in its latest Financial Stability Report that the deepening of the twin deficits remains the most important domestic risk factor.  Global uncertainties in the context of the multitude of geopolitical events and the deterioration of domestic macroeconomic balances are the two most important systemic risks, classified as severe,…