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Elena Lasconi has produced another surprise in the first round of the presidential elections in Romania by surpassing leftist prime minister Marcel Ciolacu for second place and a spot in the final round on December 8, according to parlial results after 99.95% of the ballots have been centralized. If this result remains final, she will…

“Legionnaire” was the most searched word by Romanians on the night of November 24, after the first round of the presidential elections, according to an index compiled by dictionary website DEX.com. The word describes a member or sympathizer of the Legion of the Archangel Michael or the Legionnaire Movement, a fascist and anti-Semitic organization active…

Calea Victoriei in downtown Bucharest has climbed two spots to 38th place among the world’s most expensive commercial streets, according to Cushman & Wakefield’s Main Streets Across the World report. Rents in the Romanian capital recorded the 7th highest growth among the 138 analyzed markets worldwide. Calea Victoriei, the main retail street in Bucharest, boasts…

The British Curriculum, also known as the National Curriculum for England, is one of the most respected and widely adopted educational frameworks worldwide, offered at 30% of international schools globally. It is followed by over 45,000 schools across 160 countries, educating more than 1.5 million students globally, according to recent estimates by Pearson. Its emphasis…

Bucharest’s District 4 City Hall is preparing a special fee for car owners without a parking lot, estimated at 100,000, according to Profit.ro.  The tax would be introduced from January 1, 2025, if the project is approved by the Local Council. The document does not mention the value of the fee. The money would be…

The Czech company CZ Group, an arms manufacturer with a history going back to the year 1825 that took over recently the American company Colt’s Manufacturing Company and the Canadian company Colt Holding, announced the partnership with the Romanian company Transcarpat Sportours International for the assembly of weapons in Romania: the rifle assault CZ BREN…

The Romanian car rental company Autonom has raised EUR 30 million through a new bond issue to be listed on the Bucharest Stock Exchange. The value of the issue, which was overwritten, is EUR 30 million and has a maturity of 5 years, with a fixed annual coupon of 6.14%. This is Autonom’s third bond…

UniCredit Bank announced the successful completion of a new issue of corporate bonds in local currency (lei, unsecured, senior rank) with a maturity of 5 years and a fixed coupon payable annually of 7.67%. Through the offer held on November 19, 2024, and addressed exclusively to qualified investors, the bank raised RON 750 million (EUR…

CEC Bank has successfully concluded a new issue of bonds worth EUR 300 million through a new issue of Eligible Senior Non-preferential Securities, intended to be classified as MREL eligible instruments, according to a press release from the bank. The orders received accounted for more than double the target value announced by the banks, with…

Călin Georgescu, who is likely to emerge as the surprise winner of the first round in Romania’s presidential elections, is an environmental expert and politician with strong nationalistic views. Born on March 26, 1962, in Bucharest, he graduated from the University of Agronomic Sciences and Veterinary Medicine of Bucharest, specializing in land reclamation and environmental…