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Six Palestinian children and their family members were evacuated from the Gaza Strip on Wednesday, November 6, and transferred to Romania, where they will receive medical and psychological assistance, the Ministry of Foreign Affairs (MAE) announced. “Given the extremely difficult humanitarian and medical situation in the Gaza Strip, the overcrowding of hospitals in the area,…

On November 6, Romania’s foreign minister, Luminiţa Odobescu, met with Serbian counterpart Marko Djurić in Bucharest for bilateral talks. The discussions centered on minority rights, economic cooperation, and prospects for Serbia’s accession to the European Union. Odobescu highlighted the importance of protecting the rights of the Romanian minority in Serbia and the Serbian minority in…

Romanian nationalist leader George Simion, a supporter of Donald Trump, expects his own political prospects to benefit from a Republican win in the US, which analysts suggest could indeed influence Romania’s upcoming presidential elections. Simion, who is vying for Romania’s presidency, has consistently supported Trump despite facing criticism at home. Following the election results in…

OMV Petrom, the largest producer of hydrocarbons and fuels in Romania, also a producer of electricity, has received environmental approval for the project to build a facility to manufacture “sustainable” fuels for aviation and automotive diesel from renewable sources at the Petrobrazi refinery, according to Profit.ro. The company made the final investment decision in the…

Offers for the first auction organised by Romania for Contracts for Difference (CfD) contracts aimed at the development of solar and wind power plants can be submitted until November 18, 2024, provided that additional requests for clarifications have been addressed, the Ministry of Energy announced on November 6. The first tender within the CfD scheme…

Moldova’s leading bank MAIB (maib), which plans to list its shares at the Bucharest Exchange (BVB), reported an excellent third quarter, with the net profit rising by 11% y/y to MDL 1.1 billion (EUR 56.9 million) in January-September.  The advance of net interest income and the increase in net foreign exchange earnings mainly drove the…

Morshynska, Ukraine’s best-selling mineral water brand, is set to enter the Romanian market, targeting retail outlets and the HoReCa sector, according to Profit.ro. Already popular in several European countries, as well as in the US and Canada, Morshynska’s expansion into Romania adds a key market to its European growth strategy. Despite the ongoing war, Morshynska’s…

InterCapital Asset Management, Croatia’s leading independent investment manager with EUR 550 million in assets under management, announced plans to launch a new Exchange Traded Fund (ETF) on the Bucharest Stock Exchange. The ETF, traded in Romanian lei (RON), will offer diversified exposure to key Slovenian sectors, including pharmaceuticals, finance, energy, logistics, telecommunications, and real estate.…

Numerous film festivals and a fair dedicated to Saint Michael and Gabriel are among the available events in Bucharest, while Cluj hosts another edition of Transilvania Jazz Festival. In Bucharest: Hungarian Film Week November 10 – November 17 The Hungarian releases of the past year, awarded at international festivals or not yet screened in Bucharest,…

The general government budget deficit reached RON 109 billion (EUR 22 billion) or 6.2% of the full year’s projected GDP in January-October, according to preliminary data from the Finance Ministry data consulted by Profit.ro. The Finance Ministry will publish the final budget execution data after November 25. Romania initially set a 5%-of-GDP deficit target for…