Category: Uncategorized

Bucharest mayor Nicusor Dan said he is not going to support any particular candidate before the first round of the presidential elections in Romania, explaining that he wishes to preserve support and a certain neutral position versus all the right-wing parties. “There is still a month until the election, but as I mentioned before, it…

The Competition Council gave the green light to the Greeks from Public Power Corporation (PPC) to buy the five companies that operate the largest onshore wind farm in Europe, located in eastern Romania at Fântânele-Cogealac.  The five companies are Felix Renewable Holdings, Tomis Team, Ovidiu Development, MW Team Invest, and TMK Hydorenergy Power. Following its…

An IMF mission headed by Jan Kees Martijn will visit Bucharest November 5 – 8, 2024, to hold a regular staff visit, announced Geoff Gottlieb, IMF Senior Regional Representative for Central, Eastern and Southeastern Europe. Romania’s fiscal policy is expected to be on the top of the visit agenda, as it was at the last…

Aro Palace SA announced on October 28 that it signed a franchise agreement with a Hyatt affiliate, marking the introduction of the Hyatt Regency Aro Palace Brașov to Romania. This follows the letter of intent signed in February and solidifies the property’s place within the Hyatt portfolio. The next step in bringing this project to…

Romgaz (BVB: SNG), Romania’s largest natural gas producer and supplier, increased its gas extraction by 4.4% in the first nine months of 2024 compared to the same period last year, with a total of 3.67 billion cubic metres extracted versus 3.51 billion cubic metres in 2023.  This growth in extraction is expected to positively impact…

Trans-Oil Group, Moldova’s leading sunflower processor and trader, signed a Share Purchase Agreement (SPA) on October 25 for the acquisition of the Frial Terminal in Romania’s Port of Constanța.  The acquisition, facilitated by CEO Vaja Jhashi, aligns with Trans-Oil’s strategy to expand its presence in the Black Sea logistics hub, a critical gateway for the…

The Board of Directors of Romania’s 2 Mai Mangalia Shipyard (2MMS) has scheduled an extraordinary general shareholders meeting (EGSM) on November 28, aiming to terminate its association with Dutch partner Damen Holding in the ailing shipyard Damen Shipyards Mangalia, Ziarul Financiar reported.  State-owned 2MM is the majority owner of Damen Shipyards Mangalia (51%), managed by…

Bruno Mazzoni and Steinar Lone are the recipients of this year’s award for the best translation of a book from Romanian into a foreign language offered by the Romanian Cultural Institute (ICR). Bruno Mazzoni (pictured left) won the award for his translation into Italian of Ana Blandiana’s Variations on a given theme, while Steinar Lone…

The five musicians selected to participate in the 2024 edition of the program Ukrainian MusicLab will perform in Bucharest this week. The training program, launched by Europavox and the French Institute in Romania, in partnership with Control Club and Music Export Ukraine, is dedicated to supporting Ukrainian artists and helping them integrate into the European…

Average costs for office space fit-outs in Romania are 10-15% higher than the previous year, primarily due to increased labor costs, according to a report by iO Partners. Nevertheless, Romania remains one of the most affordable countries in the EU for office fit-outs. The report, based on data from over 40 iO Partners projects, reflects…