Category: Uncategorized

The expectations for the country’s euro adoption expressed by analysts surveyed by CFA Society Romania range between 5 and 20 years, with an average of 11 years after filtering out the opinion of an analyst who expects Romania never to join the single currency area. The wide range of expectations is consistent with the lack…

Romania’s macroeconomic confidence index compiled by the CFA Society Romania based on a survey among its members carried out at the end of July edged down by 0.2 points to 52 points, remaining in the positive half of the 0-100 range. The decline was the combined effect of a 1.3-point deterioration of the anticipation component…

Romania’s general government budget deficit will probably exceed 7% of GDP (cash terms) and risks sliding towards 8% of GDP, the Fiscal Council (CF) warns in its annual report published on August 19. The projection is based on H1 budget execution data and the Executive’s plans to implement the new Pension Law after September 1.…

RADAR, a major multidisciplinary new media art festival, holds its 5th edition in Bucharest in October, with a lineup of Romanian and international artists from France, Poland, Denmark, Portugal, Hungary, Ukraine, and Bulgaria. Caro Hotel will host the event from October 4 to 6. The 2024 edition showcases over 20 immersive art installations created around…

The Bucharest Streets Administration (ASB) has kicked off a project to install tactile paving aimed at helping the visually impaired navigate the city more easily and safely, mayor Nicuşor Dan announced. The first yellow tiles were placed on Splaiul Independenței to facilitate access to the pedestrian crossings between Izvor Park and Izvor Bridge, as well…

Copeland, a US-headquartered global provider of sustainable climate solutions, announced the opening of a new office in Cluj-Napoca, Romania. The new location will help the company meet the demand for heating and cooling solutions for its European customers. Located in the United Business Center (UBC), with proximity to the Iulius Mall developed by Iulius company,…

The investment in the restaurant in Brăila, opened on August 15, amounted to 350,000 Euro Hesburger continues to grow its footprint, with a focus on Bucharest in the immediate future The Finnish company’s expansion plans include opening 10 locations in several cities in Romania, with total investments reaching €8 million within one year. Hesburger, the…

Bucharest authorities have obtained a grant of USD 50,000 to acquire four high-performance sensors to monitor the air quality in the capital city, mayor Nicuşor Dan announced. They will add up to the 44-sensor network placed last year at several hospitals and educational facilities. The funding is provided by extending the collaboration protocol concluded within…

Romanian authorities stopped roughly 7,000 tons of waste from entering the country in the first seven months of 2024, a figure almost double that of last year. According to the Border Police, metal waste was the most common, but the authorities also found furniture, textiles, plastic, or tires. In comparison, 3,356 tons of illegal waste…

Via Transilvanica, Romania’s longest hiking trail, was briefly promoted in the famous Times Square in New York City last week. The ‘path that unites,’ as the trail has been dubbed, had “a few minutes of glory” as it appeared in a spot running on the Nasdaq Tower digital billboard. “The road between Putna and Drobeta-Turnu…