Category: Uncategorized

Romania has secured a EUR 200 million loan from the European Investment Bank (EIB) to modernize its electricity distribution network. The funding is for a EUR 629 million investment project aimed at strengthening the country’s energy infrastructure, which includes co-financing from European funds and contributions from the project’s beneficiary.  The project, which aligns with Romania’s…

The Romanian government has launched a new initiative, the “Rabla for Tractors” program, aimed at modernizing the agricultural machinery used by local farmers.  With a budget of RON 500 million (EUR 100 mln) this year, the program offers substantial financial support for purchasing new, less polluting agricultural equipment, covering between 65% and 80% of the…

The construction of the M6 metro line in Bucharest, a significant infrastructure project, is advancing and should be completed by 2028, Romania’s minister of transport, Sorin Grindeanu, said on August 29.  The total cost for these sections is estimated to reach nearly RON 10 billion (EUR 2 billion), including VAT, with funding sourced from both…

Bucharest has been identified as the most affordable capital city for renters in Eastern Europe, according to a recent analysis by Storia, a real estate platform launched by OLX. The study also places Romania 13th out of 31 European countries in terms of rental affordability.  The affordability of rent is measured by the rent-to-income ratio,…

Romania’s Ministry of Finance has devised a plan to offer fiscal amnesty to taxpayers with outstanding debts and incentives to those who pay their taxes on time, Nicolae Ciucă, the president of the National Liberal Party (PNL), announced on Thursday, August 29.  Under the new measures, individuals and businesses who have not yet settled their…

The first half of 2024 saw a dynamic increase in the delivery of new retail projects, adding roughly 106,000 sqm to Romania’s total stock – more than three times the amount delivered during the same period last year, according to a Colliers’ report.  The second half of the year also looks promising, with around 250,000…

The second edition of the Night of Museums in Villages event will be held this Saturday, August 31, in roughly 128 localities in 31 counties across Romania.  Unique in Europe, the project organized and run by the National Network of Museums in Romania highlights the rural cultural heritage by bringing together, presenting, and promoting more…

Seven out of ten Bucharest residents believe that the main priority for the future of their city is the creation of a greener and more sustainable urban environment, according to the MKOR study “The Ideal Bucharest – From Sustainability to Innovation, 2024.” Reducing pollution and expanding green spaces are at the top of the list,…

CTP, a leading developer, owner, and manager of industrial and logistics properties, unveiled its first CTBox building in Romania, located within the largest industrial park in Central and Eastern Europe, CTPark Bucharest West. This facility introduces an innovative concept that “has already proven successful in other international markets,” the company said. CTBox offers plug-and-play warehouse…

A Romanian and a Serb have been charged in the US with being part of a years-long conspiracy to perpetrate “swatting” attacks and bomb threats against several victims, including senior government officials. Romania’s Thomasz Szabo, 26, and Serbia’s Nemanja Radovanovic, 21, are each charged with one count of conspiracy, 29 counts of threats and false…