Category: Uncategorized

Romania’s West University of Timișoara has launched the project “Building for Education: Student Dormitories of the Future,” which will include the construction of a new dormitory aligned with nZEB Plus standards, with nearly zero energy consumption. The project is financed with EU-backed Resilience funds, and is scheduled to be implemented until September 2025.  The project…

More than 180 poets from more than 20 countries are expected to participate in the 14th edition of the Bucharest International Poetry Festival (FIPB), which is scheduled to take place between September 9 and September 15. FIPB will welcome poets from Brazil, Canada, Spain, Portugal, France, Israel, Belgium, Greece, Turkey, Great Britain, Germany, the Republic…

Oradea, in western Romania, is set to host the Hungarian Culture Days between August 20-21. The event will feature four floral parade floats from Debrecen, displayed in Piața Unirii. Every year, Oradea honors its local Hungarian community with an event that showcases the rich cultural and artistic traditions of the Hungarian people, as well as…

The shares of three companies listed on the Bucharest Stock Exchange – Premier Energy, Electromagnetica, and Iproeb Bistrița – will be included in the MSCI Frontier and MSCI Romania indices.  Premier Energy, which was listed on the Bucharest Stock Exchange at the end of May, will be included in the MSCI Frontier and MSCI Romania…

The immersive video project George Enescu – Poema Română: Immersive Experience will be presented on August 19 at the Museum of Immersive New Art (MINA) in Bucharest. The project is part of a series of productions that Artexim, the organizer of the George Enescu International Festival and Competition, has planned to mark the 143th anniversary of…

Exim Banca Romaneasca has issued a state guarantee for the AAylex ONE Group, one of the leading players in the Romanian food industry and the owner of the Cocorico brand, which benefited from a syndicated credit facility amounting to EUR 20 mln to support the company’s operational activities and ongoing development in line with its…

The first public maternity hospital built in Timișoara in the last 50 years was inaugurated on Monday, August 12, within the campus of the Timișoara County Hospital.  The maternity facility was constructed as part of a cross-border project with Hungary called “Children Beyond Borders – Connecting Obstetrics, Gynecology, and Neonatology Medical Services between the Pius…

The acceleration program Orange Fab, run by Orange Romania, has announced another call for projects, aiming for at least six startups to join the acceleration program in the next twelve months. Orange Fab plans to develop pilot projects alongside the selected startups and later integrate them into business solutions.  One of the program’s priorities is…

Romania’s current account (CA) deficit widened by 34% y/y to EUR 12.2 billion in the first half (H1) of 2024, according to data published by the central bank (BNR). The CA has deteriorated particularly fast in the second quarter (Q2): +57% y/y to EUR 8.1 billion.  On a longer-term perspective, the CA in 12 months…

Romania’s gross (public and private) external debt increased by EUR 6.77 billion, roughly 2% of the country’s GDP, in January-June 2024 to EUR 176.8 billion (around 50% of GDP) at the end of June, according to the data published by the National Bank of Romania. Of the total volume, intra-group loans represent EUR 43.8 billion,…