Category: Uncategorized

The ArcelorMittal Steel Plant in Hunedoara (BVB: SIDG) announced it decided to reduce its activity from December 9 until the end of 2024 as a consequence of the lack of orders during this period. The company will pay 75% of the wages to its 600 employees, Ziarul Financiar reported. The company’s losses have more than…

Romania’s retail sales increased in volume terms (comparable prices) by 11.1% y/y in October, marking among the highest growth rates since 2021, according to the statistics office INS. The seasonally adjusted, non-food sales continued their rally, which resumed in May after the unusual step-like rise in January. From 105%-110% of the average of the year…

Romania is a safe, solid country, president Klaus Iohannis said in a statement hours after the Constitutional Court of Romania (CCR) decided to annul the results of the first round of the presidential elections as recently declassified reports alleged Russian involvement in cyber activities aimed at undermining the integrity of the electoral process. “Romania is…

Romania’s Gross Domestic Product in Q3 was 0.1% lower in real terms compared to the previous three months, according to provisional data published by the National Institute of Statistics (INS) on Friday, December 6.  Previous estimates from November showed that GDP in Q3 remained unchanged in real terms compared to Q2. However, GDP increased by…

Romania’s Constitutional Court (CCR) unanimously annulled the entire presidential election process, citing its constitutional mandate to ensure the legality and fairness of electoral procedures. The court has ordered the process to be restarted from scratch. The decision came amid recently declassified reports alleging Russian involvement in cyber activities aimed at undermining the integrity of the electoral…

British prosecutors announced on Thursday, December 5, that two Romanians have been charged with stabbing a British-Iranian opposition journalist. The UK’s Crown Prosecution Service (CPS) stated that Nandito Badea, 19, and George Stana, 23, were arrested on Wednesday, December 4, in Romania and charged with assault with intent to cause grievous bodily harm and wounding.…

The 2024 edition of the annual Festivalul Brazilor de Crăciun/Christmas Tree Festival charity auction raised EUR 1 million to restore equal rights to education for children at severe risk of poverty and social exclusion. The 23 unique trees auctioned on the gala evening will thus ensure social and educational support for 15,000 children. During the Christmas…

French president Emmanuel Macron expressed his support for the USR candidate Elena Lasconi in the second round of Romania’s presidential elections during a video call on Friday, December 6. The move comes amid widespread European and US support, aside from the internal one, for Lasconi against pro-Russian surprise candidate Calin Georgescu. “I am pleased to…

Praktiker Real Estate Romania completed the acquisition of Muntenia Business Center, the office building on Splaiul Unirii in Bucharest, with a total area of ​​9,750 sqm. The transaction value amounted to approximately EUR 8 million. The property was purchased from Voluthema Property Developer, a company owned by Longshield Investment Group. “We are pleased to add…

Popular ridesharing company Uber launched a new service dedicated to teens in Bucharest. The new option allows parents and guardians to invite their teens aged between 13 and 17 to join their family profile and request their own rides with parental supervision and custom-built safety features. With Uber for Teens, trips will have safety features…