Category: Uncategorized

Private healthcare provider Regina Maria has opened the Pallady Medical Campus on the premises of the former paint factory Policolor, in Bucharest’s District 3. The company invested more than EUR 16 million to build and equip the campus, which spreads on an area of ​​more than 5,000 sqm and five levels. It will serve both…

Romania is set to acquire 44 AAV-7 amphibious assault vehicles from the United States after the preliminary approval decision to initiate the procurement procedure was sent from Parliament to the Ministry of Defense. The ministry had requested Parliament’s prior approval, according to legal procedures, to begin the procurement process for the amphibious assault vehicles. The…

The NATO Security Assistance and Training for Ukraine (NSATU) mission, charged with providing support to Ukraine against Russia, will have around 700 staff headquartered in bases in Germany, Poland and Romania, according to the new secretary general of the organization, Mark Rutte. NSATU is set to take over the coordination of military aid from the…

DN AGRAR Group (BVB: DN), the largest integrated livestock farm in Romania, and BSOG Energy, an energy company focused on developing biomethane production plants across Romania, announced a cooperation agreement for a biomethane production facility in Romania, with a total capacity of up to 15 MW. The overall investment in the facility is estimated to…

The president of the junior ruling Liberal Party, Nicolae Ciucă, urged prime minister Marcel Ciolacu “to urgently explain what he will do so that Romania does not lose the approximately EUR 1.1bn from the Resilience Facility” suspended by the European Commission for six milestones not met by the country. Ciucă thus validates the EUR 1.1bn…

Ford Otosan announced on October 15 that it will open in November waiting lists for Romania customers interested in buying the new fully electric model E-Tourneo Courier, produced in the factory in Craiova. The first vehicle deliveries are expected in the first quarter of 2025. The E-Tourneo Courier Trend (passenger version), with a 100 kW…

Two new private equity funds – Evolving Europe Principal Investments Fund II and Finance in Motion Renewables Growth Fund – will receive up to EUR 27.5 million under the national implementation of the Resilience Facility (PNRR) to invest in Romanian companies, the Romanian Ministry of Investments and European Projects (MIPE) announced. The Investment Committee appointed…

UniCredit downgraded its 2024 growth forecast for Romania to 1.7% (from 2.4% in July) due to the poor performance in H1 and a slower-than-anticipated recovery in the EU, but it upgraded its 2025 outlook to 1.9% (from 1.3% in July) owing to base effects, according to the latest research report of the financial group.  The fiscal…

The medium-term fiscal plan that Romania is supposed to send to the European Commission (EC) this month under the Excessive Deficit Procedure has among its objectives cutting the budget deficit to 2.4% in 2031 and bringing the public debt to GDP ratio under 60% by the end of the seven-year period (after possible deviations above…

The European Commission announced on October 15 that it had endorsed a positive preliminary assessment of the six targets and 62 out of 68 milestones linked to Romania’s third payment request for EUR 2 billion (net of pre-financing) under the Recovery and Resilience Facility. The Commission found that six milestones have not been fulfilled at this…