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Eight children from the Gaza Strip, along with their families, have arrived in Romania and will be treated in specialized medical facilities, while their families will be placed under the care of the Social Assistance Directorate of the Bucharest Municipality. According to a press release issued by the government, prime minister Marcel Ciolacu met with…

Romania’s Government, through the National Investment Company (CNI) under the supervision of the Ministry of Development, allocated approximately RON 245.4 million (EUR 49.3 mln) for the construction of an artificial ice rink with a capacity of 2,180 spectators in the municipality of Sfântu Gheorghe, Covasna county. “In the municipality of Sfântu Gheorghe in Covasna county,…

Complaining about delayed Schengen membership for Romania and speaking of the OCDE membership as the new target, prime minister Marcel Ciolacu assured in an interview with TV station Antena 3 that the country will soon surpass Austria by GDP per capita measured in PPP. Unless Austria faces a major economic crisis, this implies that Romania…

Romania’s Competition Council approved the transaction by which OMV Petrom is taking over three companies active in energy generation, specifically wind and solar, sector: Intertrans Karla, Bridgeconstruct, and ATS Energy, the competition authority announced in a press release, quoted by Economedia.ro. Following the analysis, the Competition Council found that this operation does not raise significant…

Hungarian company MVM, majority controlled by the state, has reportedly reached an agreement to buy the gas and electricity supply division operated in Romania by the German group E.ON, according to sources familiar with the negotiations consulted by G4media.ro and Economedia.ro. The parties involved avoided or were not available for comments. In March, the German company…

The telecommunications company Digi Communications (BVB: DIGI) announced on September 30 that its Romanian subsidiary has fully redeemed the EUR 450 mln bond maturing in January 2025 and holding a 2.5% coupon, Ziarul Financiar reported.   In June this year, ING Bank supported Digi Romania and Digi Communications in arranging a credit facility worth EUR…

Romanian natural gas group Romgaz (BVB: SNG), controlled by the state as the majority shareholder, successfully raised EUR 500 mln in an FX senior unsecured bond with a 5-year maturity, largely aimed to fund Neptun Deep offshore project where the company holds a 50% stake, amid an abundant volume of orders placed by investors, according…

The total area of residential projects subject to construction permits issued in January-August in Romania decreased by 12.3% y/y to 2.23 million square meters (sqm), according to data published by the statistics office INS.  The construction works volume on residential projects contracted by over 20% y/y in Romania during the first seven months of the…

Romania formally fulfills all the technical requirements to be part of the Visa Waiver program, as the refusal rate has dropped below 3%, according to Andrei Muraru, Romania’s ambassador to the United States. Thus, Romanians would most likely be able to travel visa-free to the US starting the first part of 2025.  Romania has set…

Romanian star swimmer and Olympic gold medalist David Popovici is donating his Paris Olympics equipment to raise money to help build a home for children with special needs in Bucharest’s District 5. Roughly EUR 450,000 is needed to build the family home, and David wants to raise EUR 115,000 of that sum. To achieve this,…