Category: Uncategorized
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Son of former Romanian justice minister detained in sexual assault case
The Iași Court of Appeal ordered Alexandru Toader held in pretrial detention for 30 days on Saturday, October 24, as reported by News.ro. The law lecturer is under investigation for rape, sexual assault, attempted sexual assault, and using his position for sexual purposes. The court approved the detention request submitted by prosecutors after a hearing…
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Romania prolongs state of energy crisis as Cernavodă nuclear power plant may remain offline in November
Combined with reduced hydropower generation amid low water levels in reservoirs, seasonally lower solar power production, reduced availability of imported electricity due to the regional energy crisis, and rising consumption, this would increase vulnerabilities that are already evident during the evening peak-demand period. Under these circumstances, Romania’s state of energy crisis has been extended by…
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Romania’s finance minister and SocDem leader clash over budget execution interpretation
Nothing exceptional has happened since May, when the centrist coalition that drafted the 2026 budget collapsed, and budget execution remains in line with the plan for a cash deficit of 6.2% of GDP for the full year, Nazare added. His remarks contrast sharply with the rhetoric coming from the Social Democrats, who accused the previous…
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Open-end equity funds become a relevant player on the Bucharest Stock Exchange
Alongside buying pressure through other channels, these inflows helped push the main index on the Bucharest Stock Exchange (BVB) up by 42% year to date, Profit.ro reported. The stock market also recorded exceptional gains in 2024 and 2025, with the benchmark BET index rising by 30% and 46%, respectively. The substantial net inflows into equity…
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Ukraine’s Metinvest faces shutdown at recently acquired Romanian pipe maker
The company, acquired less than a year ago by the holding company of Ukrainian businessman Rinat Akhmetov, risks shutting down, according to Ziarul de Iași. Sources close to the business said several scenarios are being considered: preserving the business, selling it to another entrepreneur interested in acquiring all its assets, or dismantling the factory and…
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Bucharest-Ilfov among EU regions with highest GDP per capita growth in 2019-2024
The Bucharest-Ilfov region is among the EU regions with the highest growth in GDP per capita in the 2019-2024 period, according to Eurostat, alongside regions in Ireland, Malta, and France. “The most robust GDP growth was recorded in the Irish capital region of Eastern and Midland, which also had the highest GDP per inhabitant in…
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Japan’s Kawasaki signs partnership with Romanian gas transmission system operator Transgaz for hydrogen supply
Japan’s Kawasaki Heavy Industries, a major manufacturer of technical equipment, announced the signing of a memorandum of understanding (MOU) on a strategic partnership for onshore hydrogen gas transport with Transgaz, Romania’s state-controlled natural gas transmission system operator (TSO). The agreement was signed on Friday, October 23, at the Romania–Japan Innovation Forum 2026 held in Tokyo,…
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Jean-Michel Jarre to perform in Cluj-Napoca in 2027
Jean-Michel Jarre will perform at BT Arena in Cluj-Napoca on September 27, 2027. The concert is part of an international tour marking 50 years since the release of his album Oxygène, Hotnews.ro reported. The show will combine music from Oxygène with other works from Jean-Michel Jarre’s catalog. Its multimedia production will include laser projections, 3D…
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Romania’s former presidential candidate Călin Georgescu remains detained in EUR 1.1 mln fraud case
Former presidential candidate Călin Georgescu will remain in pretrial detention after the Bucharest Court of Appeal upheld an appeal filed by organized crime prosecutors on Friday, October 23. The ruling is final, according to news agency Agerpres. The two judges initially assigned to the case disagreed, requiring a third magistrate to join the panel. The…
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Central Romania: EU-funded EUR 2.5 mln theme park dedicated to bears to be built in Sovata
The Sovata City Hall announced on Friday, October 23, its intention to build a theme park dedicated to bear species from around the world. The park will benefit from an investment estimated at EUR 2.5 million, which will be financed with European funds. “We have been having problems with bears, but not just us. There…