Category: Uncategorized

The Romanian authorities have declared the military, air, and naval attaché of the Russian Federation in Bucharest, as well as his deputy, persona non grata on Romanian territory, the Ministry of Foreign Affairs (MAE) announced on March 5. MAE claims that two Russian diplomats have carried out activities that contravene the provisions of the Vienna…

Garanti BBVA, one of the most dynamic banks in Romania, announced it is granting long-term financing worth EUR 10 million to support the development of the National Golf & Country Club in Dâmbovița County, developed by DM Sport & Energy.  With a total value of EUR 30 million, this is a sports and leisure project…

Companies of the Romanian-German Chamber of Commerce and Industry (AHK Romania) community summoned for the monthly meeting on March 5 launched a call for cooperation and unity between the social, economic, and political entities and requested more flexibility from the state to reduce bureaucracy regarding the allocation of funds for companies and investments, according to…

The first IBM Quantum Innovation Center in Romania, FreeYa Mind, will operate in Iași and will train professionals capable of harnessing the potential of quantum technology in many fields, from complex simulations in medical research to cryptography and advanced artificial intelligence algorithms, according to Agerpres. “This collaboration with the FreeYa Mind Campus will support the…

Without an explicit source, an online petition was launched for the presidential candidacy of acting president Ilie Bolojan. Launched by the user “Ilie,” the petition was signed by 4,258 on the first day, G4media.ro reported. The author of the petition seems to come from among the ruling coalition, as it argues against the ruling alliance’s…

Two polls released on March 5 in Romania support the idea that the ruling coalition formed by Liberals (PNL), Social Democrats (PSD), and Hungarian party UDMR should not replace its presidential candidate Crin Antonescu. The polls were published as Antonescu’s position as a presidential candidate seems at risk: on the one hand, his scores in…

Brokerage house BRK Financial Group (BVB: BRK) sees the shares of construction materials producer TeraPlast Bistriţa (BVB: TRP) at RON 0.46 in the next 12 months, up almost 10% from the current trading price, according to Ziarul Financiar. BRK recommends investors maintain their positions.  “Potential risks to our recommendation include fluctuations in raw material prices,…

Italian film, international documentaries and films starring Gene Hackman are part of the offer in Bucharest, while chamber music tour SoNoRo Conac has already kicked off, and is scheduled to stop in Timișoara this weekend. In Bucharest: Visuali Italiane Until March 9 The fourth edition of the festival Visuali Italiane – New Italian Cinema in…

Private pension fund managers in Romania will be allowed to invest up to 10% of their assets in mutual funds, compared to the 5% current cap, according to a draft emergency ordinance of the government quoted by Ziarul Financiar. According to data provided by the Financial Supervision Authority (ASF), the investments of the mandatory private…

Romanians will be banned from spending more than 10% of their incomes earned in the previous months on gambling and betting, according to a draft bill mentioned by Profit.ro, which does not indicate who the draft’s authors are. The banks that handle players’ individual accounts will be responsible for setting spending limitations and will be liable…