Category: Uncategorized
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Two-thirds of Romanians worry of offending disabled people, study shows
A study conducted by CED Romania and Accenture, with the support of the European Accessibility Resource Centre AccessibleEU, shows that when meeting a person with disabilities for the first time, half of Romanians without disabilities want to help and be useful, but many more (66%) fear causing offense. The study also reveals major gaps between…
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Hop-on hop-off tourist bus connects UNESCO sites in Romania’s Transylvania
A recently launched hop-on hop-off tourist bus service in Romania connects UNESCO heritage sites between Sibiu, Sighișoara, and Brașov in the famous region of Transylvania. Operated by Carpathian Travel Center in partnership with the Sibiu County Tourism Association, the UNESCO-Bus offers visitors the freedom to discover the breathtaking landscapes and medieval landmarks of the Transylvanian…
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Report: Luxury retail sales in Europe slow down, Romanian market still has room to grow
The latest Cushman & Wakefield European Luxury Retail 2025 report shows that the European luxury retail industry continued its growth in 2024, albeit at a more moderate pace compared with previous years, while Romania became an emerging luxury market with plenty of room to grow, despite the 120% growth between 2019 and 2023. European luxury…
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Consumer Protection Agency fines businesses at Bucharest North Railway Station
Commissioners from Romania’s Consumer Protection (ANPC) imposed fines of RON 161,000 (EUR 32,300) on several businesses in Bucharest’s Gara de Nord (North Railway Station) after irregularities were found during inspections. ANPC visited the major transit hub on Thursday, March 27. Aside from the fines, the agency temporarily suspended the activities at a number of establishments…
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Longest summer sled track in Romania to open in Sinaia mountain resort
The longest summer sledding track in Romania is set to open in the mountain town of Sinaia, some 120 km north of Bucharest, most likely around August 1. The investment is valued at RON 12 million (EUR 2.4 million). The town, which also hosts the famous Peleș Castle, is currently most popular during the winter…
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Romania’s Romgaz to pay thin 2% dividend yield amid high investments
Romania’s main natural gas producer, Romgaz (BVB: SNG), plans to pay a dividend with a yield of just 2%, according to Profit.ro quoting a company’s note to investors. The Board of Directors of Romgaz (SNG) convened the shareholders for April 29-30, with the distribution of profits on the agenda. Thus, the amount of RON 583.91…
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Romania’s Hidroelectrica to pay 7.3% dividend yield this year
The Romanian hydropower group Hidroelectrica (BVB: H2O) called shareholders on April 29 to approve the distribution of RON 4 billion as dividends, according to a note to investors. The proposed dividend accounts for almost the entire RON 4.1 billion net profit achieved last year. The gross dividend per share is to be set at RON…
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Romania’s OMV Petrom starts shipping gasoline to Ukraine by road to expand client base
OMV Petrom, one of Ukraine’s largest gasoline suppliers, has started shipping gasoline to Ukraine by road, whereas until now, transport was only done by rail, Economica.net announced, quoting Ukraine’s Enkor. The declared capacity of the new source is 5,000 tons per month and the terminal serves vehicles are equipped according to the latest standards. OMV…
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Romanian copper mining project shortlisted by EU for fast tracking faces environmental issues
The copper and gold mining project developed by the Canadian mining company Euro Sun Mining in the Rovina area in Hunedoara County, just shortlisted by the European Commission under the Critical Raw Material Act (CRMA), lost its environmental permit last year, and Hungary’s consent is needed for getting a new one, according to Profit.ro. The…
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Romania gets partial disbursement under third Resilience Facility tranche
Romania will receive EUR 1.3 billion out of the EUR 2 billion (pre-financing not included) envisaged under the third Resilience Facility request sent to the European Commission and has six months to meet all targets and get the rest of the money, the Ministry of Investments and European projects (MIPE) announced. Romania has completed the…