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The European Commission (EC) on August 13 announced that it approved, under the EU rules on state aid, a EUR 99.5 million (EUR 495 million) extended by Romania to Nokian Tyres. Romania has notified the Commission of its plan to support Nokian Tyres in setting up a new zero-carbon tire factory in Oradea, in Bihor…

DSPE Beta Private Equity Fund of South Korea, managed by DS Private Equity and a minority shareholder of NuScale, has a preliminary national security clearance from the Romanian state to take over 33.33% of the shares of RoPower Nuclear, the project company established by Romanian company Nuclearelectrica for the development of the small nuclear reactor…

Romanian hydropower group Hidroelectrica announced that its revenues dropped by 26% y/y to RON 5.15 billion, or just over EUR 1 billion, and its net profit plunged by 32% y/y to RON 2.7 billion (EUR 540 million) in H1. The operating margin and the net margin decreased mainly as a result of the decrease in…

Russia has trained its navy to target sites inside Europe with nuclear missiles in a potential conflict with NATO, the Financial Times quoted by G4Media reports. The files seen by the FT, compiled between 2008 and 2014, include a list of targets for missiles that can carry either conventional warheads or tactical nuclear weapons.  The…

The net foreign direct investments (FDI) to Romania (inflows minus outflows) contracted by 3% y/y to EUR 7.0 billion in 12 months to June 2024, despite the 15% y/y advance to EUR 3.2 billion in Q2, according to data published by the statistics office INS. The gross inflows of FDI were roughly the same, EUR…

Doctors at the Pantelimon Hospital in Bucharest say that patients refuse to be admitted there and ask if they will be given noradrenaline after authorities detained two doctors last week, accusing them of first-degree murder and attempted murder in connection with suspicious patient deaths. The investigation began on April 11, following a report by the…

The sixth edition of Vadoo Fest, set to take place between August 15 and August 18, aims to emphasize “the importance of our connection to the environment and our responsibility towards the planet.” The festival takes place in Vadu Oii (Gura Teghii, in Buzău county), at the foothills of the Penteleu Mountains. With a maximum…

Romanian firefighters on a mission in Greece have been facing strong wildfires and forest fires since Monday, August 12, near the locality of Kapandriti. The intervention is extremely difficult due to high temperatures, dense smoke, and strong winds. The IGSU (General Inspectorate for Emergency Situations) specified that one firefighter suffered superficial facial injuries but did…

This year, the Perseid meteor shower was accompanied by the aurora borealis, a rare phenomenon in Romania. Images of the event quickly spread online.  The Perseids are a meteor shower that occurs every year around mid-August. The phenomenon is a result of Earth passing through debris — bits of ice and rock — left behind…

Ivan – omul cu rădăcini în ape/ Ivan – The water-rooted man, Ana Preda’s documentary about the Romanian canoeist Ivan Patzaichin, had its international premiere last week in Paris. The film makes use of original archival images to reconstruct the athlete’s journey from a 16-year-old teenager who left a fisherman’s village in the Danube Delta…