Category: Uncategorized

Romanian electricity utility group Electrica (BVB: EL), with the state as the main (but not majority) shareholder, is planning to issue in 2025-2026 one or more “green” or “sustainable” bonds with a total envisaged value of EUR 500 million and to open a EUR 620 million credit facility. The company’s shareholders are invited to endorse…

State-controlled Romanian natural gas and energy group Romgaz (BVB: SNG) published the Base Prospectus for the EUR 1.5 billion Euro Medium Term Notes (EMTN) Programme, approved on September 20 by the market regulator in Luxembourg. “The largest bond issue by a company with majority state capital is thus launched. This move comes after the company…

While the Legislative Council argues that president Klaus Iohannis is entitled under the current legislation to run for a seat in Parliament as an independent candidate on the list of a party, former Constitutional Court head Augustin Zegrean claims that this is not possible and furthermore “would breach the principles of democracy,” Digi24 reported. President…

Here we go again, it is September, and everything is happening at once, everywhere. Most cinema premieres are planned for autumn, so are many film fests. The reason are manifold, from the end of vacation to how local financing for culture works. After having been screened at festivals or events (most recently The Long Night…

Rituals Cosmetics, the international brand specializing in natural body and skin care products, home fragrances and home apparel, is set to open its first store in Romania at the end of September.  The company, founded in 2000 in Amsterdam, has become a globally recognized industry expert with a presence in over 36 countries. It offers…

European Commission president Ursula von der Leyen has pledged aid worth EUR 10 billion to help repair the damage caused by recent floods in Central and Eastern Europe, Romania included. She made the promise during a visit to the western Polish city of Wroclaw on Thursday, September 19.  A massive wave of flooding has hit Central…

Finnish company Nokian Tyres inaugurated its passenger car tire factory in Oradea, Romania, on September 19, a project with a total value of EUR 650 million. The new facility operates without utilizing any fossil energy, making it the world’s first full-scale tire factory with zero CO2 emissions.  The factory inauguration marks the completion of a…

The ranking of the best-selling cars in Europe was led by Dacia Sandero in August, a particularly notable achievement given it occurred in a declining market. The Romanian-made model has been the leader since the beginning of the year, missing the top spot for only two months and ranking second instead during that time.  On…

The judges of the High Court of Cassation and Justice decided on Friday, September 20, to send the case targeting the Romanian Revolution of 1989, in which former president Ion Iliescu faces charges of crimes against humanity, back to the Military Prosecutor’s Office to correct certain irregularities in the indictment. On June 14, another Supreme…

The internationally acclaimed exhibition “Bearing Witness”, created by two-time Pulitzer Prize-winner, photographer Muhammed Muheisen, and Howard G. Buffett, Chairman and CEO of the Howard G. Buffett Foundation has officially opened in Romania.  As the country stands on the edge of the ongoing conflict at its borders, the exhibition takes on a deeper meaning, bringing to…