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This year’s edition of the George Enescu International Festival, the largest classical music event in the country, will feature performances from some of the top sopranos and mezzo-sopranos of the moment. Among them are Asmik Grigorian, Sonya Yoncheva, Kristine Opolais, Magdalena Kožená, Julia Lezhneva, Sarah Aristidou, Jennifer Holloway, Aylin Perez, Elsa Dreisig, Rachel Willis-Sørensen, Ruxandra…

Globinvest, an asset management company from Cluj-Napoca, is set to launch an exchange-traded fund, or ETF, grouping together companies in the energy sector and several financial companies.  Globinvest, a company with 30 years of experience on the Romanian capital market, will list the new entity on April 28 under the symbol GIBEFETF. Ilie Cenan, Chairman…

Cyberhaven, an AI-powered data security provider founded by three Romanians and two Ukrainian citizens, recently announced that it has attracted a USD 100 million Series D funding led by StepStone Group along with new investors Schroders and Industry Ventures, to further accelerate its rapid growth. The funding pushes the valuation of the company to USD…

The electoral campaign for the presidential elections began on Friday, April 4, at midnight, with most of the candidates posting on social media within the first minutes.  Far-right candidate George Simion, credited with the first shot at winning the first round according to the latest surveys, began the election campaign alongside his wife and supporters,…

The National Network of Museums in Romania (RNMR) said it would not coordinate this year’s edition of the Night of Museums, the yearly event that sees museums across the country stay open after hours. The organization said the decision was grounded in the “dramatic diminishing of the yearly financial resources allotted to most museums in…

Romanian development minister Cseke Attila recently announced that the ministry he leads will be reorganized by cutting more than 500 positions, including managerial ones, and two of its subordinate institutions. The cuts are part of a wider trend among state institutions seeking to lower their operating costs. “Through this measure, we are reducing staff by…

Romanian PM Marcel Ciolacu has revealed that he dispatched a special envoy to Mar-a-Lago, Florida, for informal discussions with representatives of the Trump-aligned US political camp, aiming to adjust Romania’s diplomatic approach amid shifting political dynamics.  The initiative, reported by HotNews and Adevarul, comes as Ciolacu seeks to “adapt to the new system” established by…

The industrial price inflation in Romania increased to 4.0% y/y in February from -0.3% y/y in January, after the factory-gate prices increased by 3.6% m/m in February, according to data from the statistics office INS. The driving force behind the unusual acceleration of the industrial price inflation was the 9.9% m/m advance of prices in…

The Romanian Government, through the Ministry of Finance, is preparing to access a new development loan from the International Bank for Reconstruction and Development, part of WB Group, in the context of an increasingly fragile budget and the cancellation of some sources of financing from European funds, according to Economica.  A memorandum proposed for approval…

Romania’s state-owned energy producer Hidroelectrica will commission the long-delayed Răstolița hydropower plant in Mureș County by the end of 2025, following government approval for the deforestation of over 30 hectares required to finalize the project, Profit reported. Minister of Energy Sebastian Burduja confirmed that the Răstolița facility is now 89% complete, with more than RON…