Category: Uncategorized

Deputy prime minister Dragoș Anastasiu announced his resignation from office on Sunday, July 27, after it was revealed that he was a witness in an older corruption case involving one of his companies. The company, Eurolines, paid bribes for eight years to a financial inspector from Romania’s tax agency ANAF. The former official said he…

Romanian president Nicușor Dan denied claims by Russia that Ukrainian fighter jets were granted permission to fly over Romanian territory, calling the accusations “completely false”, Agerpres reported on July 25. The president stated he had full access to all relevant information and confirmed that no such authorization had been given. The denial comes in response…

Korean investment fund DS Private Equity is expected to join Romania’s small modular reactor (SMR) project at Doicești as an equal partner, taking a 33% stake in the project company RoPower Nuclear, Economica reported on July 28. The remaining shares would be held equally by current partners Nuclearelectrica (BVB: SNN) and Nova Power & Gas.…

Romanian nuclear company Nuclearelectrica (BVB: SNN) informed shareholders about its intention to contract a EUR 540 million loan from a bank syndicate led by the American giant JP Morgan for the refurbishment of unit 1 of the Cernavodă nuclear power plant. The company’s management has requested the shareholders’ approval, according to documents published ahead of…

The total number of prosumers, namely electricity users with PV panels that inject the power not used locally into the national grid, reached 228,302 at the end of May. Their installed power capacity reached 2,726 MW, according to the latest data from the Energy Regulatory Authority (ANRE), as quoted by Economica. In the last 12…

Romania has launched its first 10-year euro-denominated government bond for retail investors, offering a 6.5% coupon, as part of the August Fidelis issuance, Ziarul Financiar reported on July 28. The move comes as the government prepares for a series of large Eurobond repayments starting in late 2025, amid persistent budgetary pressures. The Ministry of Finance…

A scandal broke out on Friday, July 25, after it was made public that deputy prime minister Dragoș Anastasiu was a witness in an older corruption case involving one of his companies. The company, Eurolines, paid bribes for eight years to a financial inspector from Romania’s tax agency ANAF.  Records from the Anti-Corruption Directorate show that between…

President Nicușor Dan, in office for roughly three months, attended the Salzburg Industrialists’ Summit, the most important reunion of the Austrian business community, urging them to invest in Romania. Specifically, the president emphasized the strategic opportunities in the defense, energy, infrastructure, and logistics sectors. “Romania is significantly expanding its defense industry. Our sector offers real…

The Drapers’ Bastion in Brașov, built between the years 1450–1455, will be restored with European funds. The urban landmark will become an interactive museum integrated into the tourist circuit. The rehabilitation of the Drapers’ Tower will support not only tourism but also the construction sector, contributing to the economic and cultural revitalization of Brașov, according…

The National Meteorological Administration (ANM) has issued a code-red warning for persistent and intense heat from July 26, 10:00 AM to July 27, 10:00 AM for the regions of Banat, Oltenia, most of Muntenia, and southern continental Dobrogea. Day temperatures are expected to reach between 39 and 43 degrees Celsius, while the temperature-humidity index is…