Category: Uncategorized

Mathnasium, an American educational network renowned worldwide for its unique approach to teaching math, opened its first center in Romania on Thursday, April 10.  The new center is located in Bucharest’s Aviației district, and was opened with a special ceremony organized in partnership with the Commercial Service of the US Embassy. Mathnasium is designed for…

Romanian star swimmer David Popovici won the gold medal on Thursday, April 10, in the 200m freestyle event at the National Swimming Championships in Otopeni. Popovici won with a time of 1:45.07, more than 5 seconds ahead of Eric Ștefan Andrieș. Third place was taken by Robert Andrei Badea (1:50.85).  The race was David’s first…

Romania’s reformist party USR has voted to withdraw the support for its leader, Elena Lasconi, and instead endorse Bucharest mayor Nicușor Dan in the upcoming presidential election. The decision was made during an informal political committee meeting, where around 75% of members voted in favor of backing Dan, Biziday.ro reported. In her turn, Lasconi criticized…

German discount store chain Penny plans to reach a network of 1,000 stores in Romania by 2035, from 417 currently, and earmarked a budget of EUR 3 billion for local development, according to the company’s CEO Daniel Gross, quoted by Revista Progresiv. “In our first analysis for Romania, which we did in 2003, we found a…

No price hikes are expected in the short term while the prices might decrease in the long term, Romanian finance minister Tanczos Barna told news channel Digi24, commenting on the effects of the tariffs imposed by the US Administration. He explained that this would be an effect of China re-orienting its exports away from the…

Romania’s rapidly rising public debt remained steady through January, ending the month at RON 964.4 billion (EUR 193.8 billion), or 46.8% of GDP, according to data published by the Finance Ministry.  With no FX or Fidelis bond issue to households in the first month of the year, the public debt has remained constant. However, EUR 4…

Former prime minister Victor Ponta, currently running for president as an independent candidate with an isolationist agenda, claimed that in his capacity as head of the executive in 2014, he prevented the flooding of Belgrade by opening the Iron Gates dam to flood several Romanian villages instead.  He said the government paid compensations for the…

Almost 68% of Romanians say they would like the level of foreign direct investment in Romania to increase (versus 15% who would like to see fewer foreign investors), according to a poll “on the population’s attitude regarding economic patriotism and the vulnerabilities of the democratic regime,” conducted by INSCOP at the behest of the Concordia…

Belgian logistics real estate developer WDP has announced a EUR 52 million investment in expanding its logistics infrastructure in Dragomirești, on the outskirts of Bucharest, as part of a broader EUR 107 million development program also covering Ridderkerk in the Netherlands, according to Economedia.ro.  The projects, covering a combined leasable area of approximately 93,000 square…

Romanian telecommunications group Digi Communications (BVB: DIGI) announced on April 10 that its subsidiary Digi Romania concluded on April 9 a notification regarding an additional credit facility of EUR 200 million to a senior facility agreement dated April 21, 2023, according to a note sent by the group to investors. The facility has a maturity…