Category: Uncategorized

Shareholders of Romanian oil company OMV Petrom recently approved the distribution of record dividends amounting to RON 2.8 billion (EUR 562.6 million) for the 2024 financial year, as well as the 2025 budget, which provides for investments of RON 8.1 billion (EUR 1.6 billion). The decision was taken during the Ordinary and Extraordinary General Meetings…

TikTok has launched an Election Center dedicated to Romania’s upcoming elections as part of its broader effort to protect “the integrity of the platform” and promote access to reliable information. The initiative is supported by a new media literacy campaign and ongoing collaboration with more than 20 fact-checking partners, the company said in a statement.…

The 2025 edition of the European Film Festival (FFE), which takes place this year in Bucharest and nine other cities, will screen more than 40 feature films, 28 of which are national premieres. The festival will also present two selections of short films, also screened as national premieres. Among them are 11 documentaries, 13 films…

Russia’s Federal Security Service, FSB, said on Friday, April 25, that it arrested a 23-year-old Romanian citizen on suspicion of spying for Ukraine by sharing the locations of Russian air defense systems. The unnamed man is accused of collecting and transmitting information about air defense sites in the Black Sea resort city of Sochi to…

Otokar, the defense systems division of Turkish industrial giant Koç Group, has entered into a joint venture with Romanian defense company Automecanica S.A. to locally produce COBRA II 4×4 armored vehicles for the Romanian Ministry of National Defence. The move marks a significant step in the implementation of the “1059 COBRA II ATBTU” project, a…

Rompetrol Rafinare is set to restart its Low-Density Polyethylene (LDPE) unit at the Petromidia refinery in early May, following the completion of final technological tests. The unit had been shut down at the end of 2023 due to unfavorable market conditions. The company is investing USD 1.5 million in the reintegration of the LDPE installation,…

Wages in Romania have seen a spectacular evolution after the country joined the European Union, with a notable rise in the last 8 years. In nominal terms, the average monthly net salary has more than tripled, from EUR 312 in 2007 to EUR 1,045 in 2024, according to analysts from the Romanian Economic Monitor (RoEM) –…

The National Museum of the Romanian Peasant in Bucharest was reopened on Thursday, April 24, after an extensive consolidation and rehabilitation process that began in 2016. Structural, architectural, and installation works were carried out, and the total value of the investment, which included both the design and execution works, amounted to EUR 6.3 million. Museum…

The Bucharest International Air Show (BIAS) is set to return in 2025 with a three-day edition, taking place from August 29 to 31 at Băneasa Airport – Aurel Vlaicu and Romaero. This year’s show promises to be bigger than ever, with a varied lineup of performances, exhibitions, and aviation experiences. The event kicks off on…

The Bucharest National Opera House will host the fourth edition of the Bucharest Opera Festival this summer, from June 15 to 24. The event brings together ten different opera, ballet, operetta, and musical-rock productions from major Romanian opera houses and two international guests.  Tickets for the festival are already available online and at the National…