Category: Uncategorized

OMV Petrom, Southeast Europe’s largest integrated energy producer, has awarded the engineering, procurement, construction, and commissioning (EPCC) contract for the Ișalnița solar project in Romania. The contract includes the construction of the photovoltaic park, the 110 kV power station for connection to the grid, as well as the operation and maintenance for a period of…

One United Properties (BVB: ONE), Romania’s leading green developer of residential, mixed-use, and office real estate, recorded turnover of EUR 208.5 mln in the first nine months of 2024, an 11% year-on-year decrease. This marks the second time in the Company’s history that turnover has surpassed EUR 200 million already within the first three quarters,…

The City Hall of Bucharest began the installation of festive lights across the city’s main boulevards. The Municipal Public Lighting Company is reusing existing equipment this year too, alongside approximately 3,000 new luminous elements added to the collection. The display will feature over 4.3 million energy-efficient LED lights, selected for their low energy consumption and…

The data of approximately 200,000 citizens from Bucharest’s District 5, including personal identification numbers, names, addresses, among other details, were put up for sale by hackers who launched a cyberattack on the City Hall at the end of October, Digi24 reported.  The information was offered to buyers on the dark web, a part of the…

Three other Romanian citizens have been confirmed dead after the devastating floods that hit the Valencia region roughly two weeks ago. According to the Ministry of Foreign Affairs (MAE), so far, a total of seven Romanians have died in Spain, and three are still missing. “The representatives of the Romanian Consulate in Castellón de la…

Nicolae Ciuca, the leader of Romania’s National Liberal Party (PNL) and a candidate in the upcoming presidential elections, expressed confidence on November 10 that he will advance to the second round of voting, citing the organizational strength and voter support for PNL, Romania’s largest center-right political party.  Speaking after a visit to Vorona Monastery in…

Nationalist leader George Simion (AUR, 21.2%) would rank in second place in the first round of the presidential elections and make it to the second round beside Social Democrat (PSD) leader Marcel Ciolacu (25.9%), according to a poll conducted by Verified agency for reformist party USR. Meanwhile, reformist leader Elena Lasconi (15.7%) would be the best-placed…

Swedish furniture retailer IKEA plans to open its first store in Cluj, and according to the information reported by Actual de Cluj, the new unit would be located in the RIVUS retail complex – a project that is being developed on the site of the former Carbochim industrial platform by the Iulius Group.  Actualdecluj.ro and…

Banca Transilvania (BVB: TLV), the largest financial group by assets in Romania, reported a net profit of RON 3.9 bln (EUR 780 mln) in the first nine months of this year, up 70% y/y.  The group took over the local subsidiary of the Hungarian bank OTP Bank in July this year. The group’s market capitalisation…

Romania’s tax collection agency ANAF “identified” more than 270 taxpayers (natural persons) who generated revenues of approximately RON 400 million (EUR 80 million) from videochat activities over the past two years, according to Economedia.ro. The official statement by ANAF implies that the 270 taxpayers have not voluntarily declared their revenues but were spotted by following…