Category: Uncategorized

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…

Prime minister Marcel Ciolacu announced that he put forward the name of Social Democrat MEP Victor Negrescu as Romania’s proposal for the position of EU Commissioner. He also said that an official nomination from the Romanian government is to be made by early next week. Negrescu is vice-president of the European Parliament. The Romanian head of…

Kaufland said it would install new battery swap stations for electric cars at ten of its stores in Romania in partnership with local startup e-Mobility Rentals. The collaboration began in September 2023, initially only in Bucharest, and is currently in full expansion, the company said. The new Battery Swap stations will be located by the…

RetuRO, the administrator of the Deposit Return System, the largest circular economy project in Romania, has opened opening the sixth regional centre for counting and sorting DRS packaging in Almăj, Dolj County, near Craiova. The centre will manage and process beverage packaging collected from retailers. It will mainly serve the southern part of the country.…

Between 2024 and 2026, the Bucharest hotel will experience the highest supply growth among Central and Eastern Europe capitals (Bucharest, Warsaw, Prague, Bratislava, Budapest, and Sofia) with an approximate 5.8% increase, adding around 2,400 rooms, according to an analysis by Cushman & Wakefield. This growth outpaces the CEE-6 capitals’ average growth of 3.2%. Several new…

Romanian students ended the 2024 European Junior Olympiad in Informatics with gold and silver, bringing Romania to first place in the medal ranking, the Education Ministry announced. The competition’s 8th edition was hosted by Chișinău, Moldova, and brought together 98 competitors from 25 countries. “Our students’ constant effort took Romania to first place in the…