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Franklin Templeton International Services, the manager and the Sole Administrator of Romania’s Fondului Proprietatea (BVB: FP), announced that, after careful analysis, it has decided not to participate in the ongoing selection process initiated by the Romanian state to pick up a new manager. The Romanian state also seeks to redefine the mission of the Fund.…

CEC Bank has successfully issued EUR 300 million in Senior Non-Preferential Notes, marking a significant step in its growth in international capital markets. The bonds, issued under the bank’s EUR 1.5 billion Medium-Term Note (MTN) Programme, are intended to meet MREL (Minimum Requirement for Own Funds and Eligible Liabilities) compliance and received a BB rating…

The Dutch group Damen and the Romanian state-owned company 2MMS agreed to terminate the association contract signed in 2018 for the shared operation of Mangalia Shipyard (Santierul Naval 2 Mai).  Under the contract signed in 2018, Damen Holding – which took over 51% of the shipyard from Daewoo in the same year – passed a…

Romania’s public debt rose by RON 30 billion (EUR 6 billion) in September to RON 917 billion (EUR 184.3 billion) at the end of the month, after the government tapped on September 19 the international bond market by raising the equivalent of EUR 5 billion with three issues denominated in euros (two issues) and US…

The first exit polls after Romaina’s December 1 parliamentary elections show that the governing Social Democrats (PSD) are first with 26%, followed by the far-right Alliance for the Union of Romanians (AUR) with 19%.  The National Liberal Party (PNL), currently in a two-party coalition government with the Social Democrats, received 15.5% of votes, according to…

Csaba Balint, a member of the Board of Directors of the National Bank of Romania (BNR), looks at how Romania’s economy has evolved over the last 160 years. This analysis shows that public perception does not always reflect the reality described by numbers and statistics. In recent years, the collective perception of economic conditions and…

Russia recently denied being involved in elections in other countries, including those in Romania, according to Kremlin spokesman Dmitry Peskov. “The Russian side has not been involved in the electoral processes in Romania. In general, we do not have the habit of meddling in the elections of other countries, specifically those in Romania,” Peskov said…

Just days before the program announcement for the 27th edition of the George Enescu International Festival, which will take place in Bucharest from August 24 to September 21, 2025, the organizer, ARTEXIM, announced a special project – the George Enescu – Poema Română: Immersive Experience. The digital show will debut on Wednesday, December 4, at…

President Klaus Iohannis awarded the National Order of the Star of Romania, in the rank of Grand Cross, to Kathleen Kavalec, the United States ambassador to Bucharest, on Friday, November 29. The decoration recognizes ambassador Kavalec’s exceptional contributions to strengthening the Strategic Partnership between Romania and the United States, the Presidential Administration announced. The National…

Romania’s National Day will be marked by a host of events organized by the Romanian Cultural Institute (ICR) through its branches worldwide and in partnership with various cultural institutions. ICR London invites the public on November 30, to the LSO St Luke’s Hall, where a concert performed by Teodora Brody and the London Symphony Orchestra,…