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BVB Arena, a flagship program coordinated by the Bucharest Stock Exchange to bring Romanian entrepreneurial companies closer to the capital market, revealed this year’s 15 finalists in a gala held in Bucharest on September 26. Some of the finalists took the opportunity to unveil plans to accelerate growth and take their business to the next…

Integrated energy producer OMV Petrom said on Monday, September 30, that it closed the acquisition of several photovoltaic (PV) projects from the Danish company Jantzen Renewables ApS. The ready-to-build projects, with an installed power of around 710 MW, are to be developed in Teleorman county, Romania.  The projects have already been granted access to the national power…

French DIY retailer Leroy Merlin is reportedly preferred by the UK group Kingfisher, which seeks to sell its 32 Brico Dépôt stores in Romania, according to Ziarul Financiar. Several other bidders expressed interest. The deal would pinpoint Leroy Merlin’s ambition to surpass the market leader Dedeman within five years. British group Kingfisher entered the local…

The banks hired by Romania for the Samurai bond on the Japanese market have already taken steps and set the initial spreads for the six separate maturities (3 to 20 years) proposed to investors and will announce the results of the issue this week, according to Bloomberg and Ziarul Financiar. The bonds are intended to…

The deficit of Romania’s general government budget nearly doubled nominally (in local and foreign currency) to RON 80.9 bln (EUR 16.3 bln) in January-August, compared to the same period of 2023, according to data published by the Finance Ministry. The deficit-to-GDP ratio rose by 2 percentage points (pp) from 2.6% to 4.6%. The revenues-to-GDP ratio…

The Bucharest branch of the Romanian Landscape Architects Association (AsoP) has developed a green registry for Bucharest’s Kiseleff Park, focusing on one of the oldest public gardens in the city and in the country for a best-practices example of how parks and green spaces can be managed. The project, Green Registry for Kiseleff Park |…

The 18 F-16 fighter jets allocated by the Netherlands to the European F-16 Training Centre in Romania, of the 42 aircraft made redundant after the new F-35 fleet was completely received, are arriving in Eastern Romania at Fetesti, Economica.net reported. The rest of the 24 aircraft are being sent to Ukraine. Initially, the Netherlands intended…

The Social Democrat (PSD) leader, prime minister Marcel Ciolacu, leads in the latest electoral poll for the presidential elections operated by Insomar-Avangarde, with 30% of the voting intentions – far from the second candidate Nicolae Ciucă (Liberal Party PNL, 17%) or the independent candidate Mircea Geoana (15%). However, only two in three polled persons have…

Romanian president Klaus Iohannis can not run as an independent candidate on the parliamentary lists of the Liberal Party (PNL), the Central Electoral Bureau (BEC) in Romania ruled, answering a clarification request filed by the PNL. It is one of the episodes related to president Iohannis’s parliamentary candidacy, a process that risks damaging the Liberal…

Romania’s public road management company CNAIR signed on September 27 the contract for building a new bridge over the Prut River towards the Republic of Moldova at Ungheni, announced Hotnews.ro. The contractor, Ness Proiect Europe, will have 24 months (6 for design and 18 for construction) to complete the project within a budget of RON…