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Bucharest’s General Council (CGMB) approved on Wednesday, June 25, the partnership agreement for the development of subway line M7, a major public infrastructure project aimed at connecting Bragadiru to Voluntari. The agreement brings together Bucharest’s District 5 and District 2 City Halls, the Ministry of Transport and Infrastructure, the subway operator Metrorex, and the Ilfov…

Another selection focused on road movies is on at Elvire Popesco cinema, while the Bucharest public can also attend another edition of Nostalgia, the festival celebrating music for all generations. In Bucharest: Nostalgia June 26 – June 29 The event celebrates retro-disco music with mini live concerts with landmark artists from the 90s–2000s, alongside other…

Romanian prime minister Ilie Bolojan met on June 25 with representatives of the international credit rating agency Fitch Ratings ahead of the agency’s upcoming assessment of Romania’s fiscal and economic outlook, the government announced. The meeting in Bucharest was also attended by finance minister Alexandru Nazare, deputy prime minister Tánczos Barna – who previously held…

Romania’s fiscal consolidation efforts cut the growth stimuli exactly at a time when the growth model in Central and Eastern Europe (CEE) turns to one driven by internal factors, which will result in the country displaying one of the lowest growth rates in the region, according to UniCredit Bank economist Anca Negrescu. Romania’s economy will increase…

Former US First Lady Michelle Obama will visit Romania for the first time this September to speak at the second edition of Impact Bucharest, the largest business and tech event in Southeastern Europe.  Scheduled for September 17–18, the event will bring together business leaders, government officials, tech innovators, and media representatives from across the region,…

President Nicuşor Dan said on June 25, asked about the freezing of pensions and public salaries next year, that this is in the ruling strategy of the government already endorsed by the lawmakers hence, so this might be observed.  “Let’s start sticking to the things announced in advance,” said president Dan, as quoted by Digi24.…

The Netherlands will transfer 18 F-16 fighter jets to Romania by the end of 2025 for the symbolic sum of EUR 1, defense minister Ionuț Moșteanu announced on June 25 during a press conference in The Hague alongside president Nicușor Dan, following the conclusion of the NATO summit, according to Hotnews.ro. The fighter jets will…

The European Commission imposed “firm and rigorous conditions” for the investments funded under the National Recovery and Resilience Plan (PNRR), and this resulted in an estimated risk of losing EUR 7.8 billion (27%) out of a total envelope of EUR 28.5 billion, former minister of investments and European projects Marcel Boloş announced on his Facebook…

Romanian companies tend increasingly to borrow from parent foreign groups rather than going to local banks, according to data from the National Bank of Romania (BNR) cited by Cursdeguvernare.ro.  The share of such intra-group foreign loans increased to 44% in 2024 – 5 percentage points more than in 2020, the last year for which there…

The financial investors who took over the Romanian retailer with a rapid expansion, La Cocos, are selling their 70% stake to Schwarz Group – the market leader that operates the Lidl and Kaufland chains. The founder of the chain expects the German group to preserve the Romanian retailer’s identity and develop it along Lidl and…