Category: Uncategorized

Crevedia Retail Park, one of the largest strip malls in Romania, with a total leasable area of ​​11,400 sqm, opened on the Bucharest-Târgoviște road close to Bucharest on Monday, January 27. The total investment, by REPACO Capital and its partner Weststar Real Estate, amounts to EUR 15 million, partly co-financed by Banca Transilvania through an investment…

The Council of Europe’s Venice Commission published an urgent report detailing the conditions and legal standards under which a constitutional court could invalidate elections. The report, released on January 27, follows a request made by Theodoros Rousopoulos, president of the Parliamentary Assembly of the Council of Europe (PACE), last month. The Venice Commission’s report comes…

Vlad Oprea, the mayor of the popular mountain town of Sinaia, has been placed under judicial control on bail in the case in which he faces several charges of corruption. The bail was set at RON 600,000 (some EUR 120,000). However, he said “a group of interests” is behind the accusations, and denied taking any…

Romania’s Ministry of Foreign Affairs (MAE) issued a press release confirming that a group of Romanian citizens is stranded in north Congo amid a major offensive by rebel group M23. The Romanians, reportedly mercenaries contracted by the government, are in the city of Goma, in the North Kivu province of the African country, right on…

Emerging markets could face a feared sudden stop in capital flows as president Donald Trump’s ‘America First’ policies boost the US economy and draw money away from poorer countries, investment bank JP Morgan warned on January 23, according to Reuters.  Romania and Hungary in the region, but also Malaysia and South Africa, are among the…

On January 24, 2025, S&P Global Ratings revised its outlook on Romania to negative from stable while affirming its BBB- long-term foreign and local currency sovereign credit ratings. The step follows a similar one taken by Fitch in December. Finance minister Tanczos Barna assured in response to the rating agency’s release that the 2025 budget…

The leaders of the National Liberal Party (PNL) validated, on January 25, in the National Council meeting, the candidacy of Crin Antonescu (65) for the presidential elections, which will take place in May. According to the official announcement, the decision was made unanimously. “I am happy to fight this battle because I believe that PNL…

Romania is the third largest exporter of vacuum cleaners in Europe and ranks seventh worldwide, accounting for 2.26% of all vacuum cleaners exported to other markets, Ziarul Financiar reported. The data provided by The Observatory of Economic Complexity (OEC) platform is for 2022 and is the most recent. In Europe, Romania is surpassed in the…

The relations of Hungary’s state-owned energy group MVM with the Russian Federation are obvious, and the potential buyer of utility company E.ON Romania reserved its right, under the contract sealed with the German group, to pass the subject of the takeover to third parties out of the European Union – minister of energy Sebastian Burduja…

The delayed disbursements of the payments from the state budget under the cap-and-subsidy mechanism operated by the Romanian government impacted the company’s cash flow, representatives of energy utility group Premier Energy (BVB: PE) confirmed for Ziarul Financiar after the association of prosumers accused late payment for their deliveries. “These delays have a direct impact on…