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The drought severely impacted the crops on 2.5 million hectares in Romania this year, approximately 40% of the wheat, corn, rapeseed, and sunflower cultivated areas, according to Ionel Arion, the president of the Pro Agro National Federation, quoted by Ziarul Financiar. The prolonged drought hit the corn and sunflower crops hard but also damaged the…

The volume of construction works in Romania edged up by a modest 0.6% y/y in Q2, after it plunged by 7% y/y in Q1, thus ending a six-quarter rally, according to data published by the statistics office. For the combined H1 period, the volume of construction works is still 2.5% lower compared to the same…

Romania’s flag carrier Tarom said it extended its suspension of flights to Beirut until September 2. Meanwhile, flights to and from Tel Aviv and Amman have been temporarily resumed until August 23. “Tarom maintains this measure for the destination of Beirut following travel alerts issued by the authorities, recent developments in the Middle East area,…

NATO’s Deployable Command and Control Centre (DACCC) moved its deployable air defence radar LANZA LTR-25 and support crew from Poggio Renatico in Italy to Cataloi in Romania, NATO said. The DACCC declared Initial Operational Capability of the radar on August 14, enabling it to enhance surveillance coverage on the border of Romania, especially to detect…

Developing a tourism project in a protected natural area, recognized with the UNESCO World Heritage status, came with its own set of complexities, but the commitment to sustainability and eco-tourism was placed at the heart of the endeavor, Dragos Anastasiu, the owner of Green Village resort, explains. This is how the right balance was achieved…

WebPros of Luxembourg, a major web enablement ecosystem with the industry-leading web automation software platforms, announced that it is taking over SocialBeee, a rapidly growing Romanian provider of social media management tools and services. SocialBee, owned by Vlad Hosu (40%), Ovidiu Vasile Negrean (40%), and Vlad Alexandru Ardelean (10%), reported its turnover rose by 30%…

Banca Transilvania (BVB: TLV), the largest bank in Romania by assets, reported its net profit surged by nearly 43% y/y to RON 1.81 billion (EUR 360 mln)in H1 while the profit of the entire financial group rose to RON 2.15 bln, up 35.7% y/y.  The contribution of non-bank subsidiaries and equity participations to the group’s…

Marcel Ciolacu, Romania’s prime minister and leader of the ruling Social Democratic Party (PSD), reportedly announced party colleagues of his decision to join this year’s presidential race. In an audio message quoted by G4media.ro, he said the decision would be discussed at the PSD Congress on Saturday when he will also present his “plan for…

Quarks Interactive, an innovative quantum computing startup and a proud member of SeedBlink’s portfolio, is thrilled to announce the launch of Quantum Odyssey: Essentials on the Apple Store and Google Play. This mobile version of the award-winning PC title Quantum Odyssey on Steam brings over 250 real quantum computing puzzles and a dozen fully narrated learning…

Romanian violinist Diana Jipa and pianist Ștefan Doniga will go on a special world tour this fall, scheduled to last less than 30 days and cover six continents – a first for Romanian music, according to the organizers. The repertoire includes works by George Enescu, Anton Pann/Ioan Dobrinescu, Walter Mihail Klepper, Dinu Lipatti, Béla Bartók,…