Category: Uncategorized

Romania will mark a “National Road Safety Week” each year in the third week of May, following the promulgation of a new law by interim president Ilie Bolojan. The initiative aims to raise public awareness about the importance of traffic safety through educational, scientific, and cultural events. The law encourages institutions, including Parliament, relevant ministries,…

Romania and Bulgaria have reaffirmed their commitment to strengthening NATO’s eastern flank during a visit by Romanian defense minister Angel Tîlvăr to Sofia on April 7, at the invitation of his Bulgarian counterpart, Atanas Zapryanov. The two officials discussed deepening bilateral defense cooperation and advancing regional security measures, underlining their shared understanding of the risks…

Oradea, in western Romania, is set to host a new modern thermal garden, built with European funds. The project will be developed on the site of an old public swimming complex, and has a total value of over RON 214 million. On Friday, April 4, Oradea City Hall announced it signed the financing contract for…

BSOG Energy, a Romanian energy firm wholly owned by Black Sea Oil & Gas SA, has entered into a partnership with Unigrains Trading, a local agricultural enterprise led by Theodor Ichim, to develop a biomethane and organic fertilizer production plant valued at over EUR 65 million, according to Ziarul Financiar. The agreement marks BSOG Energy’s…

After a deep plunge taken at the opening on April 7, Romania’s Stock Exchange has gradually recovered through the day, ending with a loss of 2.3% measured by the global index BET and even smaller declines posted by sectoral indices (-0.6% for the financial BET-FI index, -2.0% for the energy BET-NG index). Overall, the equity…

Romania’s retail sales index increased by 1.1% y/y in February, but this was the weakest growth rate since December 2023, while the seasonally-adjusted index (-0.9% m/m) was the lowest in six months, according to the statistics office INS. Romania’s February retail figures confirm broad expectations for a weaker advance of private consumption this year, dragged…

In line with expectations, Romania’s central bank BNR on April 7 kept the monetary policy rate at 6.5% despite slower economic growth, citing internal and external risks. The latest data and analyses point to a pronounced slowdown in quarter-on-quarter economic growth in 2025 Q1, implying an annual GDP growth rate relatively similar to that in…

Romanian car parts distribution group AD Auto Total, active since 1994 and posting a RON 2.2 billion (EUR 450 million) turnover in 2023, announced it will take over the Bulgarian peer Auto Hit, Profit.ro reported. A company with 100% Romanian capital and a player in the local auto parts distribution market, AD Auto Total has…

The consortium formed by battery manufacturer Prime Batteries Technology and the engineering and technical consulting firm Enevo Group, both of them Romanian, won a RON 80 million (VAT excluded) contract to build a power storage facility at Hidroelectrica’s (BVB: H2O) wind farm Crucea, Hidroelectrica announced in a note to investors. The facility should be commissioned…

The American group Greenbrier is closing its factory in Arad, which employs nearly 800 people. The group operates three factories in Romania, including Astra Rail Industries in Arad, a railcar manufacturer. The decision comes after “difficult and accelerated challenges on the local market,” first made explicit last year, when employees protested.  The American company now…