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Internationally acclaimed writer Mircea Cărtărescu was not admitted as a corresponding member of the Romanian Academy, falling “one vote short” in the admission procedure that took place on Wednesday, February 12, in the General Assembly of the institution. The announcement was made by professor Rodica Zafiu, PhD, head of the Academy’s Philology Section, who told…

In yet another remarkable annual performance, Dubai welcomed 18.72 million international overnight visitors from January to December 2024, a 9% year-over-year increase that surpasses the previous record of 17.15 million in 2023, according to data from the Dubai Department of Economy and Tourism (DET). His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown…

Dutch entrepreneur Alex van Breemen has increased the reward for a tip that leads to the authorities finding the Romanian heritage objects that were stolen from the Drents Museum in The Netherlands on January 24 to 25. The famous golden Helmet of Coțofenești, c.a. 450 BC, and three Dacian bracelets have been taken from the museum,…

The mergers and acquisitions (M&A) market in Romania saw significant growth in 2024, reaching pre-pandemic levels, according to a recent analysis by PwC Romania presented at the Annual M&A Conference. A total of 239 transactions were announced last year, with an estimated total value of EUR 5.9 billion. This represents a 12% increase compared to…

Bucharest is one of the largest and most mature office markets in Central and Eastern Europe (CEE), standing out for the expansion of its green building stock and the integration of sustainability standards, alongside Warsaw, Prague, and Budapest, according to Colliers’ report” CEE Office Markets on the Green Path – Decarbonisation Potential,” which analyses office…

Employers in Romania are increasingly preparing for salary transparency, with 40% of job postings this year already displaying salary information, according to data from eJobs, the largest local online recruitment platform. This marks a rise from last year’s average of 35%, reflecting growing adaptation to upcoming European Union regulations mandating full salary disclosure by mid-2026.…

The number of Romanian publicly traded companies in the MSCI indices will increase in March 2025 after two new companies, ROCA Industry (ROC1) and Sinteza (STZ), were included.  The shares of the two companies will be included in the MSCI Frontier IMI and MSCI Romania IMI indices, which cover Small Cap, Mid Cap, and Large…

Crin Antonescu announced that the three ruling parties, namely the Social Democratic Party (PSD), the National Liberal Party (PNL), and the Democratic Alliance of Hungarians in Romania (UDMR), have formed the Alianța România, Înainte/Romania Forward Alliance to support his candidacy in the upcoming presidential elections. The announcement was posted on Antonescu’s newly launched Facebook page,…

Romanian interim president Ilie Bolojan had his first phone call on Wednesday, February 12, after his confirmation, with the president of Moldova, Maia Sandu. In the call, the two officials spoke of the special relationship between the their countries. In 1940 Romania was compelled to cede its territories between the Prut and Dniester rivers to…

Bucharest’s District 6 mayor, Ciprian Ciucu, announced the start of the second phase of the Morii Lake park redevelopment, focusing on the island. The project aims to transform the area, giving the lake a more natural appearance, as opposed to its current industrial look, while turning the island into a vibrant space for leisure, cultural…