Category: Uncategorized

Romania’s High Court of Cassation and Justice ruled to annul the report of the National Integrity Agency, or ANI,  which had declared Bucharest mayor Nicușor Dan to be in a state of incompatibility and conflict of interest. The decision was made by a majority, with one dissenting judge who believed the mayor’s request should have…

A 19-year-old Swiss national caused a major traffic incident near the Romanian town of Făgăraș on Tuesday, October 22. According to police reports, he stole a car and sped across two counties while under the influence of drugs and without a driver’s license, crashing into other cars. The driver, who was brandishing vampire-like teeth and said…

SanoPass, a leading provider of fitness and wellness subscriptions dedicated to facilitating access to a healthy lifestyle, appointed Ioana Moldovan as its new general manager, effective October 2024.  Moldovan, a former Corporate Sales Manager at Medlife Romania, replaces Andrei Vasile, who stepped down from his CEO role. He will remain with the company as chairman…

Romania will use money from the EU-backed Recovery and Resilience Facility (PNRR) to build a Regional Oncology Institute in Timişoara, health minister Alexandru Rafila announced on his personal Facebook page. According to him, the investment amounts to over EUR 250 million. The new facility will have 250 beds and an outpatient clinic integrated with 26…

The Social Democratic Party (PSD) and the Liberal Party (PNL) would receive 31% and 22% of the vote for Parliament, respectively, while their leaders are also leading in the polls for the presidential elections, with 28% and 19%, respectively, according to an Insomar-Avangarde political opinion barometer quoted by News.ro. The poll reveals that a significant…

Chimcomplex (BVB: CRC), Romania’s largest chemical group, and UK-based deep tech company Econic Technologies have signed a memorandum of understanding to explore the potential production of CO2-based polyols. This collaboration aims to enhance sustainability and improve material performance across various industries while introducing Econic’s sustainable polyol technology to the European market. Econic Technologies has developed…

Romanian banks granted loans totaling almost RON 114 billion (EUR 22.8 billion) in the first eight months of the year, marking a 28% increase compared to the same period in 2023, according to data published by the National Bank of Romania (BNR).  More than half of this amount was directed to individuals. However, the figure…

A 20 MW SMR project developed by the US-based company Last Energy has received pre-authorization this month from the Romanian Commission for the Control of Nuclear Activities, allowing it to enter the licensing phase, according to an announcement by the company.  The project is also included in the first list of projects under the European…

In order to be allowed to take over the Profi retail chain from the investment fund Mid Europa Partners, Louis Delhaize, which already operates its retailer Mega Image in Romania, agreed with the Competition Council to divest 87 Profi stores in 44 localities where the activities of the two chains overlap possibly leading to a…

Two fertiliser factories, formerly part of the Interagro group and located in Săvinești and Turnu Măgurele, are being offered for sale by the liquidator, Sierra Quadrant. The factories, Ga-Pro-Co and Donau Chem, are available for direct negotiation starting at EUR 17.8 million plus VAT and EUR 18 million plus VAT, respectively, according to Ziarul Financiar.…