Category: Uncategorized

As I was scrolling through Eventbook, the ubiquitous ticket-selling platform for most cultural venues in Romania, the first banner read: “Cinema Elvire Popescu, the best-attended arthouse theatre in Romania”. I did smile at the straightforward (I assume) self-praise, but I can very well image this to be a simple statement of a fact, and for…

The presidents of Moldova and Romania, Maia Sandu and Klaus Iohannis, signed on August 31, in Chisinau, a joint declaration regarding the bilateral cooperation aimed at boosting the resilience of the Republic of Moldova. Actions in favour of preparing the reconstruction of Ukraine are included as well. The bilateral cooperation particularly envisages the response to the…

On the day before the deadline for sending the EU commissioner nominations, Romanian prime minister Marcel Ciolacu announced that the country’s candidate proposal would be made only after the conclusion of negotiations regarding the distribution of portfolios among the EU members. Touching on the gender balance request expressed by EC president Ursula von der Leyen,…

Romanian public road management company (CNAIR) submitted for validation the documentation for the contract necessary for the elaboration of the feasibility study based on which the second bridge over the Danube will be built to ensure the connection between Giurgiu (Romania) and Ruse (Bulgaria), Cristian Pistol, the general director of CNAIR, announced. According to him,…

Furniture retailer Ikea is going to invest some EUR 18 million to build a new store in northeastern Romania at Iaşi, according to Ziarul de Iaşi and Ziarul Financiar. The plot of land reportedly cost another EUR 4 million. The project envisages the construction of a shopping center with two levels (ground floor and first…

Spanish group Térvalis, through its subsidiary Fertinagro Biotech International (a fertilizer trader), and the Swiss group Ameropa, the largest grain exporter in the Danube region and the largest global independent fertilizer trader, seek to form an alliance that would have a major impact on the Romanian market, Profit.ro reported. The two are currently seeking the…

French defence and technology group Thales has decided to freeze the recruitment of engineers in France and the UK and hire more in Romania and India, the company’s union claims in a document consulted by Profit.ro. “Thales chooses to intensify the outsourcing of activities in Romania and India at the expense of industrial activities and…

Swedish group Holmbergs Safety Systems, controlled by investment fund FSN Capital – a major investment firm in northern Europe, has filed a request for the insolvency of its subsidiary in Romania, which it set up in 2020 by taking over Te Rox Prod from local entrepreneur Doina Cepalis with plans to turn it into a…

International rating agency Fitch affirmed Romania’s BBB- sovereign (long-term foreign currency issuer default) rating and the stable outlook, reasoning that the country’s EU membership and related capital inflows balance a rather gloomy macroeconomic situation: large and persistent twin budget and current account deficits relative to peers, high budget rigidities, and a fairly high net external…

The Local Council of Cluj-Napoca, a major city in Romania’s Transylvania region, approved the urban zoning plan (PUZ) for the reconversion of the city’s former Carbochim industrial platform and the restructuring of the 1 Mai Square. Romanian developer Iulius and Atterbury Europe proposed the large-scale project, which is estimated to be upwards of EUR 0.5…