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Bihor County Council announced on Wednesday, April 23, that it signed a contract with Lufthansa for the operation of Oradea-Munich flights beginning this summer. The flights will be operated by Lufthansa CityLine with the Bombardier CRJ 900 aircraft, with a capacity of 90 seats in Business and Economy classes. The German airline will operate three…

The leader of the Romanian far-right party AUR (Alliance for the Union of Romanians), George Simion, has reportedly cleared the signing of a USD 1.5 million contract with BGD Legal & Consulting to buy lobby services in the US aimed at resulting in interviews and meetings with American officials, according to G4media.ro, which published a…

Evomag, the only online store in Romania active on all major marketplace platforms (eMAG, Trendyol, Glovo, Bringo, Tazz, and Decathlon), will soon complete its listing on Skroutz, the most important marketplace in Greece, and estimates an additional increase of at least 10% in sales achieved through this channel for 2025, Economica.net reported. Also, evomag will…

German industrial manufacturer Ebm-papst will invest EUR 30 million in a new production facility and research and development center in Oradea, northwest Romania, Ziarul Financiar reported. The investment will expand the company’s existing operations and mark a new phase of growth for its local subsidiary, Ebm-papst Automotive & Drives Romania. The foundation stone for the…

OMV Petrom and Romgaz, which own 50% of Neptun Deep, will drill a new exploration well in the offshore perimeter under the commitments included in the concession contract, according to Profit.ro quoting preparatory documents.  The companies have reportedly identified two locations for the new well, which is estimated to cost around USD 61-62 million and…

Romanian state-controlled hydropower group Hidroelectrica (BVB: H2O) is hiring consultants to assist it in the acquisition, over a three-year time horizon, of four project companies that develop photovoltaic parks with a cumulative capacity of a maximum of 360 MW, according to Profit.ro. Hidroelectrica targets nine companies, which have a total portfolio of 4 photovoltaic park…

DVI Production, a Romanian company controlled by local entrepreneurs, so far specialising in the manufacture of masonry elements, has opened the largest autoclaved aerated concrete (AAC) blocks production capacity in Europe in Iernut (Mureș County) following an investment of EUR 40 million including a EUR 10 million grant, according to Economica.net. The factory will be…

The volume of construction works in Romania increased by 6.1% y/y in February and by 16.7% y/y in January-February, according to data published by the statistics office INS. The high growth rates, particularly in January (+33.3% y/y), come amid seasonally subdued (thus more volatile) construction works activity in the first quarter of the year and…

The World Bank (WB) revised downward its outlook for Romania’s economic growth in 2025-2026 as part of a broader deterioration in the region’s economic prospects, under the Europe and Central Asia (ECA) Economic Update published on April 23. Romania’s economic growth would be the lowest among the region’s countries in each of the two years.…

A 2 percentage point (pp) rise in the value added tax (VAT) rate to 21%, along with an increase in other tax rates, is imminent and could be announced in May, possibly sooner, according to Economica.net. Disappointing Q1 budget execution data, such as the 2.3%-of-GDP deficit mentioned by Profit.ro citing sources within the Finance Ministry,…