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The 3000-year-old Dacian gold bracelet auctioned during the September 17 event at the Cesianu-Racoviță Palace in Bucharest will be exhibited at the Brukenthal National Museum in Sibiu, the A10 by Artmark auction house announced. The spectacular piece of jewelry was purchased for EUR 35,000 (from a starting price of EUR 7,000) by an art and…

Polish PragmaGO, a leading non-bank provider of SME finance in CEE, started its international expansion from the Romanian market through the acquisition of an 89% shareholding in Telecredit IFN SA (operating under the brand name Omnicredit) from investment company Reconstruction Capital II Limited (RC2) and Elisa Rusu, Telecredit’s CEO, for an initial consideration of EUR…

Former NATO deputy secretary general Mircea Geoană and prime minister Marcel Ciolacu lead in the latest presidential poll carried out by INSCOP Research for the Institute for Freedom and Democracy.  Mircea Geoană (independent) is polling at 21.4% in voting intentions for the first round of the presidential elections, followed closely by PM and Social Democrat…

Almost 7,000 households (6,939) in 28 communes were severely hit by the floods in Galati county, according to the updated estimates published by the local authorities on the evening of September 19. “From the data available at this moment, 28 communes are affected by floods. The data at this moment are estimates and were communicated…

The leader of the Liberal (PNL) senators, Daniel Fenechiu, announced that his party drafted and filed for endorsement a law amendment that provides that a president in office, if he is in the last three months of his mandate, can run as an independent on a party’s list or an alliance. This somehow confirms president…

The support package for large industrial investments, approved [in principle] by the Romanian government on September 18, includes, among others, an installation bonus that can represent up to 35% of the investment, deputy prime minister Marian Neacsu, responsible for the development of the project, told Radio Romania, as quoted by Economedia.ro. The industrialization plan and…

The first half of 2024 ended with a modern stock of industrial and logistics space in Romania of about 7.3 million square meters, and developers have more than 700,000 sqm under construction in various stages, according to a Colliers’ report on real estate market developments for the first half of the year.  Thus, the modern…

The financial damage caused by the drought could exceed EUR 2 billion nationally, given the massive production losses, the additional costs for irrigation, and the lack of capitalization of the production at a fair price, according to the data provided by the Romanian Farmers’ Club (CFRO) to Economedia.ro.  CFRO warns that food prices may rise…

The government ratified on September 18 the agreement between Romania and the International Bank for Reconstruction and Development (IBRD) on a EUR 599 million loan to fund green investment projects in energy and transport, but also the public budget deficit, announced the Executive’s spokesperson Mihai Constantin. These funds will finance the green transition, mainly actions…

Under the revised budget planning for 2024, Romania’s general government budget deficit would reach RON 123 billion (EUR 25 bln) or 6.95% of the GDP projected to grow by real 2.8%, compared to a RON 87 bln (EUR 17.5 bln, or 5.9% of GDP) envisaged initially, according to the budget revision draft consulted by Ziarul…