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Romania has most likely remained the largest natural gas producer in the European Union in the third quarter after reaching this position in Q2, according to estimates carried out by Profit.ro. The two largest domestic producers, Romgaz and OMV Petrom, reported a total level of extractions similar to that of the same period last year…

The Romanian Ministry of Defence (MApN) welcomed Tuesday, October 29, Norway’s initiative to support Romania in the acquisition of an advanced Patriot surface-to-air missile system. The Norwegian government’s decision to contribute NOK 1.4 billion (approximately USD 127 million) to this purchase was announced at the Nordic Council Session held in Reykjavik this week. This financial…

The latest electoral poll in Romania, carried out by the Bureau for Social Research (BCS) for Newsweek Romania, confirmed the robust lead held by the Social Democratic Party (PSD) and its leader, Marcel Ciolacu, ahead of the presidential elections (November 25, December 8) and parliamentary ballot (December 1). Regarding the presidential elections, it remains unclear…

Raiffeisen Bank continues to redefine the banking experience in Romania. The results of the first 9 months of the year support personal financial planning performance through Raiffeisen Smart Finance tablet, as well as significant developments in daily banking activities. We have continued investments to develop easy, intuitive, and secure digital experiences for customers’ interactions with…

The Romanian restaurant chain Spartan, sold by businessman Ștefan Mandachi for EUR 20 million to seven other local entrepreneurs in 2023, is planning an aggressive expansion both locally and outside the country, according to Profit.ro. Spartan now has 69 restaurants in Romania, of which 38 are franchised. “Our plan is that in the next 3…

MedLife (BVB: M), the leader in the private medical services market in Romania, announced the acquisition of a 60% majority stake in the group Routine Med from Tulcea.  MedLife thus expands its national footprint in the southeast region, where it is already present with collection points, a laboratory in Constanta, as well as three hyper…

Timișoara’s Garrison Headquarters in Libertății Square is set to host art installations created by 32 inmates at the city’s penitentiary. The exhibition is the result of the “Out of the Box” cultural program, which aimed at taking them out of their personal space. The project gave a group of 32 detainees, aged between 20 and…

The Chamber of Deputies, the lower chamber of Romania’s legislature, approved the draft bill allowing for the organization of the local referendum in Bucharest on the same day as the first round of the presidential elections. Thus, they will be held in the same polling stations on November 24, cutting the costs for organizing the…

Cascade AI, a US-based startup co-founded by Romanian Ana-Maria Constantin and partner Pulak Goyal that provides a powerful AI assistant built to respond to human resources (HR) inquiries at an individual employee level, recently secured a USD 3.75 million seed investment led by Gradient, Google’s early-stage AI fund. Myriad Venture Partners and Success Venture Partners…

Cluj-Napoca’s Avram Iancu International Airport added Stuttgart and Lisbon to its destination network for the 2024 winter season. Flights to these destinations are operated for the first time by Wizz Air, the main airline at Cluj Airport. Passengers can travel directly to Stuttgart starting October 27 and to Lisbon from October 28. Stuttgart, the capital…