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Romania’s retail sales volume index returned in August to the record level reached in June after its annual growth rate remained above 8% y/y for the third consecutive month, according to data published by the statistics office INS. The country’s retail sales rose by 6.4% in Q1 and 9.6% y/y in Q2, gaining momentum after…

Romanian mergers and acquisitions (M&A) market recorded 198 transactions during the first nine months (9M) of 2024, marking an 8.2% increase compared to the same period last year (183 deals), EY said in a quarterly report. The estimated value of Romanian M&A activity rose by 22.3% y/y, reaching EUR 5.2 bln versus EUR 4.2 bln…

Swiss group Ameropa is considering the sale of the fertiliser producer Azomures in central Romania due to high gas prices, which prevent the continued operation of the plant, according to Economedia.ro.  Local entrepreneur Stefan Vuza, who owns the Chimcomplex chemical group, is reportedly interested. Sources from Azomures also confirmed the talks with Chimcomplex.  At the…

The rehabilitation of the Saxon Church in Alma Vii, in Romania’s Sibiu county, won the Public Choice Award at this year’s European Heritage Awards / Europa Nostra Awards. The Alma Vii project raised the largest number of votes, cast via an online poll with the participation of some 10,000 citizens from all over Europe. The…

The European Commission announced on Monday, October 7, that it has approved, under EU state aid rules, Romania’s EUR 500 million scheme to support investments in new biofuel production capacities.  Under the scheme, which Romania plans to finance through the EU’s Modernisation Fund, the aid will be provided in the form of direct grants. The…

The Romanian government issued a statement on Monday, October 7, condemning the attacks against the State of Israel and expressed support for international efforts to secure a ceasefire agreement.  The statement comes to commemorate one year since Hamas’ attacks on Israel. “Today, October 7, 2024, we commemorate one year since Hamas’s atrocious attacks against the…

Romania’s former economy minister Adriean Videanu and his wife were stopped at the Munich airport with EUR 650,000 worth of jewelry that they allegedly failed to declare. Among the jewelry found in their possession were a EUR 150,000 watch and a necklace worth nearly half a million euros.  The former minister told G4Media that he was inspected by…

Romanian authorities, using intelligence provided by the European Anti-Fraud Office (OLAF), intercepted and seized a significant consignment of illegal counterfeit pesticides smuggled from Eastern Europe into Romania. The shipment of 1,000 liters of counterfeit crop protection products manufactured outside the European Union was valued at over EUR 600,000. Two Ukrainian nationals suspected of involvement in the…

Stoker Wines, a premium wine brand inspired by the literary legends of Irish author Bram Stoker, has officially launched in Romania. The company, co-founded by Dacre Stoker, Kay Larkin, and others following last year’s acquisition of Cramele Rotenberg, is based in Ceptura de Jos in the famous Dealu Mare region. Stoker Wines’ offering will commence…

Romania’s soon-to-be retired handball player Cristina Neagu became the top scorer in the history of the Women’s Handball Champions League on Sunday, October 6, after scoring 10 goals for CSM Bucharest in a home match against the Danish team Nykobing Falster Handbold. The match ended in a close victory (27-26) for the Romanian team. More…