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Five performances in partnership with the George Enescu International Festival, the largest classical music event in the country, will be held in Constanța, a city on the Romanian Black Sea coast, at the recently reopened casino.   The concerts are part of SEAS – the Summer Season of the Performing Arts, a festival organized by the…

The credit rating agency Standard & Poor’s, or S&P, reconfirmed Romania’s “BBB-/A-3” rating for long- and short-term debt while maintaining a negative outlook in its latest review published on July 24. The agency noted that the recent fiscal measures meant to reduce the deficit, which it describes as Romania’s most substantial attempt at fiscal correction since…

ALD Automotive I LeasePlan announce the completion of the integration of the two companies under the Ayvens brand and introduce the new local management team. The Ayvens mobility brand, which unites the two companies under a single identity, was launched in Romania last fall, following the global acquisition of LeasePlan by ALD Automotive. Locally, the…

In the first half of 2025, private equity funds completed five acquisitions and five exits in Romania. If add-on acquisitions are taken into account, the total number of transactions registered a 14% increase compared to the same period in 2024, according to a study by consultancy company Roland Berger. Healthcare was the most dynamic sector…

Romania’s foreign minister, Oana Ţoiu, announced that Romania will adopt a legislative act to criminalize companies and individuals who attempt to circumvent the sanctions imposed on Russia at the European level. The move comes after a joint decision by EU member states on July 18 to extend the sanctions package to the intermediaries through which…

The stock of deposits in Romanian banks decreased by over RON 3 billion during the first half (H1) of 2025 to RON 629.2 billion at the end of June, while the plunge was steeper for local currency deposits; residents preferred foreign currency, according to the data published by the National Bank of Romania (BNR). The…

The management of Turkish group Otokar announced that it plans to design and produce military vehicles in Romania through its local joint venture with Automecanica, according to TechRider.ro. The two companies are preparing to launch the production of Cobra II 4×4 armored vehicles in Romania soon. “We are very interested in collaborating with Automecanica. We…

Romania’s National Salt Company, Salrom, has received an extension for its graphite exploitation license in the Ungurelașu–Polovragi area, the company announced on July 23. The project is part of a European Commission-backed initiative to strengthen the continent’s supply of strategic raw materials essential for battery manufacturing. Salrom is seeking nearly EUR 200 million in European…

Ten titles have been selected in the international documentary film competition of this year’s Râşnov Film and Histories Festival (FFIR) from a total of 90 submissions. Most of them will be presented for the first time in the country at screenings taking place at the Amza Pellea Cinema in Râşnov between August 15 and August…

The interim president of the Social Democratic Party (PSD), Sorin Grindeanu, announced on July 23 that his party is coming up with proposals in the second package of fiscal reforms,  such as the supplementary taxation of capital and wealthy individuals, as well as regulations regarding profit shifting, according to News.ro. “This [profit shifting] must stop,…