Category: Uncategorized

Romania’s Mariana-Laura Dumitru, Manuela-Gabriela Lungu, Emanuela Ioana Ciotău, and Patricia Cireș claimed the gold medal and set a new world best time in women’s quadruple sculls (BW4x) final at the 2024 World Rowing Under 23 Championships. The Romanian team finished the race in 6:15.97, setting a new world record, according to News.ro. “Romania successfully defended…

Controversial social media influencer Andrew Tate has been placed under house arrest by a judge at the Bucharest Tribunal amid a new investigation into human trafficking, including minors. Meanwhile, his brother Tristan has been placed under judicial control. The two were detained for 24 hours in the afternoon of Wednesday, August 21, following house searches…

In almost half of the households in Romania, namely 48%, there is at least one cat, and with these percentages, Romanians are European champions in these rankings, according to Ziarul Financiar quoting data published in a report by FEDIAF, the organization that represents the interests of European pet food producers. In comparison, in Turkey, the…

The United States of America has approved the sale of AIM-120 AMRAAM missiles to Romania to provide advanced air-to-air capabilities for the Romanian Air Force, the initial sale being valued at approximately USD 180 million with the option to purchase additional missiles in the future, the American diplomatic mission in Bucharest announced. The AIM-120 missiles…

Romanian prime minister Marcel Ciolacu announced that he is asking the European Commission for a 7-year period to reduce the general government budget deficit under 3% of GDP.  Romania has been under the Excessive Deficit Procedure since 2019, but the procedure was suspended during the COVID-19 crisis. Romania’s government is close to accepting that its…

Romania will reallocate the EUR 360 million financing under the Resilience Facility (PNRR) from the purchasing of H2-powered trains to the construction of motorways “because there are no H2-powered trains,” prime minister Marcel Ciolacu said, quoted by Economedia.ro in the context of his talks over the PNRR projects in Brussels. Romania considered purchasing 12 H2-powered trains…

Bucharest Exchange-listed Oil Terminal announced it signed a partnership contract with Swiss group Euronova Energies SA to develop a bitumen terminal in Constanta port. The partnership agreement states that Oil Terminal will be the owner and operator of the constructed bitumen terminal, and Euronova Energies will be the exclusive user of the bitumen terminal under…

Romanian hydropower group Hidroelectrica (BVB: H2O) re-launched the tender for the refurbishment and upgrade of its 100MW hydropower plant Bradisor. The company is ready to pay around EUR 106 million for the design and execution of the project after a similar attempt to find a contractor for around EUR 75 million failed because of a…

Leading CEE winery group Purcari Wineries (BVB: WINE), founded in Moldova and listed at the Bucharest Exchange, announced that its Romanian subsidiary Crama Ceptura (Ceptura Winery) has performed a strategic asset acquisition in the Dealu Mare DOC, including approximately 51 ha of vineyards located in or close to Crama Ceptura, Ceptura de Jos Village.  The…

This past Saturday (August 17, 2024), Via Transilvanica took center stage in New York City’s Times Square, with stunning visuals displayed on the Nasdaq Tower. What started as a dream three years ago – to showcase Romania’s unique cultural heritage to the world – became a reality as the iconic tower lit up with the…