Category: Uncategorized

BCR, part of Erste Bank Group, and ING Romania revised their projections for this year’s economic growth to 2.0% (from 2.8% previously), while BRD SocGen admits its 3.4% projection is put at risk by the Q2 GDP flash estimate. Romania’s statistics office INS on August 14 announced 0.8% y/y GDP growth for Q2, in contrast…

The Summer in the City festival brings 50 Cent to Bucharest, where a series of outdoor film screenings have started in Titan Park. In the country, Timișoara is in festive mode for its city celebration, and Danube Delta’s Sfantu Gheorghe hosts the yearly festival dedicated to independent film. In Bucharest: 50 Cent August 18 The concert…

The Romania’s Permanent Electoral Authority (AEP) transferred RON 133 million to six political parties between January and June. The parties, in turn, spent RON 198 million, almost 150% of the amount received, according to a monitoring report released on Wednesday, August 14, by NGO Expert Forum (EFOR).  The report shows that during these six months,…

A company in Bucharest’s District 1 was fined for having medical waste, including syringes, needles, catheters, and IV tubing, stored inappropriately in open air. Following an inspection by the National Environmental Guard on August 7, 2024, the company, Sterileco SRL, was fined RON 300,000 (EUR 60,000) for violating environmental regulations. The inspectors discovered the waste,…

The French group Egis, known for supervising construction projects, aims to expand its operations in Romania, specifically in the nuclear infrastructure sector. The move is part of a broader strategy by Egis to diversify its activities.  Globally, Egis seeks to increase the share of the energy sector in its overall revenues, from 10% currently to…

The Fortress of Saschiz, built in the 14th century, will be reopened for visitors starting September 1 following construction work. “We hope that the Refuge Fortress in Saschiz will be officially open for visits by September 1 at the latest. We initially aimed for August 1, but there are still some issues related to the…

A recent study conducted by eJobs reveals that Romanian jobseekers perceive fluent foreign language skills, self-confidence, specialized expertise, and digital competencies as their primary weaknesses when seeking employment. Conversely, experience and charisma are regarded as their strongest assets. According to the survey, 55.1% of respondents believe that experience is their top strength in the eyes…

Metrorex, the state company operating the Bucharest subway, announced traffic restrictions in the 1 Mai area. The restrictions are related to works on the future M6 subway line, which connects the city to the Henri Coanda Airport. “The traffic restriction measure is imposed by the work plan for the connection with the current 1 Mai…

The tenth edition of the Holzstock Indie Festival will take place between August 16 and August 18 in Hosman, less than 30 km from Sibiu. The festival, held on the premises of the fortified church in Hosman, is meant as an “alternative for the Romanian music scene, bringing forth artists and bands from the indie-alternative-post-punk…

The Government approved, in its August 14 meeting, the Strategy for Adaptation to Climate Change. The strategy is an essential condition to receiving a EUR 466.9 million loan from the World Bank to cover the implementation of measures meant to reduce the country’s vulnerability to climate risks, the Environment Ministry said. The strategy, covering the…