Category: Uncategorized
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EU gives Moldova EUR 30 mln for short-term fix of energy crisis and promises longer-term plan
The European Union (EU) announced a EUR 30 million “targeted support to Moldova, including the Transnistrian region,” to finance the purchase and transportation of natural gas for the region that is facing an acute energy crisis “provoked by Gazprom.” The targeted support will restore electricity and heat supply in the region and also enable the…
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CTP begins work on speculative 58,000 sqm logistics project in southern Bucharest
CTP recently started the speculative construction of a warehouse with a leasable area of 54,000 sqm within the CTPark Bucharest South project. This is in addition to the 85,000 sqm already built and distributed in three buildings. For the new warehouse, the developer is in advanced discussions with potential tenants for half of the building’s…
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Wizz Air establishes permanent base at Bucharest’s Băneasa airport
Low-cost carrier Wizz Air announced three new routes from Bucharest, two additional aircraft, and a permanent base that will be established in the Romanian capital at the Băneasa Airport. The new base will open starting April 1, 2025. The move will see the airline increase its Bucharest fleet to 21 aircraft. “Bucharest is of crucial importance…
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Northeastern Romania: M Core acquires Shopping City Suceava from Argo Capital
Shopping center developer Argo Capital sold Shopping City Suceava in northeastern Romania to M Core for an undisclosed sum. The property offers a leasable area of 43,100 square meters, hosting over 100 retailers. According to real estate consultancy company iO Partners, which advised Argo Capital, this marks the largest transaction in the past five years…
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Migrants and refugees taught Romanian in “Language Buddy” project
“Language Buddy,” a project launched in the city of Brașov, aims to support young migrants and refugees in learning the Romanian language. The same project trains students as mentors in intercultural pedagogy. “Language Buddy” is a model simultaneously implemented in eight European countries (Greece, Italy, Romania, Bulgaria, Spain, Portugal, Malta, and Austria) and is based…
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Romanian officials mark International Day of Commemoration of the victims of the Holocaust
President Klaus Iohannis and prime minister Marcel Ciolacu reaffirmed Romania’s intention to combat anti-Semitism and promote the memory of Holocaust victims with the occasion of the International Day of Commemoration of the victims of the Holocaust. The head of the Romanian executive attended the ceremony dedicated to the international day and the remembrance of the…
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Analysis: Bucharest, Ilfov and Timiș lead Romania’s mortgage market in 2024
Bucharest, Ilfov, and Timiș emerged as the regions with the highest number of registered mortgages in Romania in 2024, followed by Iași and Constanța. According to an analysis conducted by online broker Ipotecare.ro and financial consultant and mortgage lending company SVN Credit Romania, roughly 86,600 mortgages were recorded nationwide last year, marking a 26.5% increase…
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Two Romanian productions selected in Göteborg Film Festival sections
Two Romanian films have been selected in sections of this year’s Göteborg Film Festival. Emanuel Pârvu’s Three Kilometers to the End of the World has been selected in the festival’s International Competition, while Bogdan Mureșanu’s The New Year That Never Came in the Voyage section, which features films from around the world. The team of…
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Romania’s Brukenthal Museum closes to raise awareness on cultural heritage protection after Dutch museum heist
Following the recent theft at the Drents Museum in the Netherlands, the Brukenthal National Museum in Romania has decided to close temporarily to raise awareness about the importance of protecting cultural heritage. From January 27 to 31, the museum will close its doors in a symbolic act to highlight the critical need for safeguarding national…
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Romanian railway workers’ unions threaten to strike starting February
The Federation of Railway Transport Workers’ Unions in Romania announced the intention of its members to go on strike starting February 1 due to recent government measures that cut their overtime and cancelled trains. Railway workers ended last week with a protest meant as a warning to the government. On Friday, January 24, they held…