Category: Uncategorized

Tram number 5, which connects the north and east of Bucharest and transports numerous office workers in the area, has resumed circulation after works that lasted 2 years.  The resumption was announced by Bucharest City Hall on Sunday, March 8, in a post on Facebook. The institution highlighted the importance of the tram line and…

Simtel (BVB: SMTL), an engineering and technology group listed on the Main Market of the Bucharest Stock Exchange and one of the leading national players in the renewable energy sector, announced the appointment of Petre Stoian as Chief Executive Officer (CEO) of Simtel Team SA. This is the group’s main company responsible for engineering, design,…

Schmitz Cargobull, a manufacturer of semi-trailers used in logistics and freight transport, has started production at its plant in Oradea, in northwestern Romania. The Oradea plant assembles S.CS curtainsider semi-trailers and S.KI tipper semi-trailers for the Central European market. It adds to the company’s existing production network of plants in Germany, Lithuania, Spain, UK, and…

Uber announced last week that it expanded its operations in Romania by launching its ride-hailing app in the cities of Piatra Neamț and Vaslui. With the addition of the two cities, the company is now available in 38 locations across the country. Starting March 6, the company introduced UberX in the two Romanian cities, its…

State-controlled utility group Electrica (BVB: EL) on March 6 announced that it will seek shareholder approval for a green bond issue worth one billion euros (denominated in euros or other currency) during the period 2026-2027, according to a company note to investors. The maximum maturity of the bonds was set at 10 years. “The program…

Romania’s statistics office INS confirmed the economic slowdown in 2025, revising the annual growth rate marginally to 0.7% from 0.6% under the flash estimate, according to preliminary data published on March 6.  The growth episodes were concentrated in Q3 (+1.7% y/y), after the political stabilisation in July, judging from the methodology used by the national…

Romania’s Ombudsman Renate Weber has referred to the Constitutional Court the emergency government ordinance that rationalises the personnel expenditures in the public administration, according to Economica.net. The bill is part of the second package of six budgetary measures and a key element of the 2026 budget plan. Ombudsman Weber cited breaches of a series of…

International rating agency Moody’s completed a periodic review on the ratings of Romania, which includes a fragile Baa3 long-term issuer rating with a negative outlook, associated – which the rating agency expects to improve only under the scenario of full and effective implementation of the fiscal consolidation programme adopted in 2025, with the process of…

Sibiu City Hall has launched a public consultation on new rules regulating the circulation of electric scooters, including a proposal to ban them from pedestrian areas and parks where no dedicated cycling infrastructure exists, local outlet Turnul Sfatului reported. If adopted by the Local Council, the regulation would effectively prohibit electric scooters in most of…

Romanian president Nicusor Dan claimed he is much better informed about the profiles of the candidates for the head and deputy prosecutor positions, annoying his supporters who on March 6 marched in front of the Presidency, requiring the head of state to reconsider the candidates proposed by the Social Democrat (PSD) minister of justice Radu…