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The National University of Political Studies and Public Administration (SNSPA) in Romania has announced its decision to initiate the procedures for nominating US president Donald Trump for the Nobel Peace Prize. The university’s Senate approved the move on Thursday, March 13, citing Trump’s efforts in “promoting global peace and stability.” SNSPA Rector Remus Pricopie stated…

The European Investment Bank (EIB) has pledged up to EUR 30 million to support the development of one of Romania’s largest onshore wind farms, Pestera II, near the city of Constanta on the Black Sea coast. The investment will co-finance the project alongside funds managed by Copenhagen Infrastructure Partners (CIP), a Danish firm specializing in…

Victor Ponta, a former prime minister and leader of the Social Democrats (PSD), has been expelled from the PSD after launching his candidacy for the upcoming presidential election as an independent. The decision was made during a meeting of the party’s National Political Council on Wednesday, March 12, according to News.ro. Current PSD leader and prime…

In the digitalisation landscape we see more companies having AI as an objective, but struggling to find an actual use for it. Sure, AI can bring significant benefits to your company, and that’s why it’s essential to understand where this ‘catch-all’ technology fits in a Business.  “The perfect candidate for an AI solution – so…

State-controlled hydropower group Hidroelectrica (BVB: H2O), the largest electricity producer in Romania, expects its net profit to decrease by 13% y/y to RON 3.55 billion (EUR 700 million) in 2025 despite the expected 2% y/y increase in revenues to RON 10.3 billion, according to the company’s budget sent o shareholders for endorsement. Of this profit,…

Trinity Investments Management, a private equity fund with Romania’s Scandia Group as anchor investor, was set up focusing exclusively on investments in the food industry, primarily in Romania and Poland, which together account for 57% of the region’s population and 53% of its GDP. “Trinity Investments focuses on creating long-term value. We will invest in…

Net investments in Romania’s national economy totaled RON 193 billion (EUR 38.8 billion) in 2024, marking a 4.9% decline compared to the previous year (in volume terms), according to data published by the National Institute of Statistics (INS). The decrease was primarily driven by a 10.8% drop in equipment purchases, including transport means, and a…

Automobile production in Romania fell by 14% in the first two months of 2025 compared to the same period in 2024, with total output reaching 85,260 units, according to data from the Romanian Automobile Manufacturers Association (ACAROM). Automobile Dacia produced 48,582 vehicles, while Ford Otosan manufactured 36,678 units. While the slowdown at Dacia seems to…

Romania’s trade deficit (goods) surged by 38% y/y to EUR 2.74 billion in January, as the exports picked up encouragingly by 2.4% y/y, still insufficient to offset the 10.3% y/y advance of imports, according to data published by the statistics office INS. Romania’s exports rose by 2.4% y/y to EUR 7.25 billion, while the imports…

Romanian traditions and honey products are the focus of fairs opening in Bucharest, alongside a varied offer of films, concerts, and exhibitions. In Bucharest: Art Safari Until July 27 The current edition of the art event features exhibitions on Ioan Andreescu, Ion Țuculescu, forgotten Romanian painters, but also the new generation of artists. More details…