Category: Uncategorized

The national coverage rate in Romania, at the locality level, with fiber optic technologies capable of providing broadband electronic communications services of at least 1 Gbps is over 93%, according to a study by the National Authority for Management and Regulation in Communications, or ANCOM. Based on reports from providers, which formed the basis of…

Benchmark Electronics, a provider of engineering, design, and manufacturing services, unveiled at the end of last month a 7,300-square-meter expansion of its site in Braşov, in central Romania. The expansion, which doubled the company’s manufacturing capacity, will also add 500 jobs in the region. The new space also improves system integration and workflow on the floor, the…

The third edition of the CamperVan Fest will take place between August 15 and 18 near Râșnov. Organizers promise four days of activities, workshops, and entertainment dedicated to the self-sufficient, nomadic lifestyle, open to both veterans and the curious. The festival is sustained exclusively by renewable energy generated on-site through photovoltaic panels and distributed through…

The Court of Arbitration for Sport, or CAS, dismissed the request submitted by USA Gymnastics, Jordan Chiles, and the United States Olympic Committee to reopen the case concerning the bronze medal for the floor exercise competition at the 2024 Olympic Games. The medal in question has been at the center of disputes between the American…

As the sun begins to set over the Middle’terranean horizon, casting a golden glow over our outdoor oasis, a sense of anticipation fills the air at Olea. Our guests gather, sipping on fine wine and savoring the exquisite flavors of our culinary delights, all while waiting for a moment that has become the highlight of…

Romanian flight carrier Tarom has extended the suspension period for its flights to Tel Aviv, Amman, and Beirut until August 16. The company had previously announced that it was suspending flights to the three destinations for the period August 6-12, 2024, amid the deterioration of the security context in the region. Tarom has temporarily suspended…

The Court of Appeal of Malta scrapped the ruling of a lower court and issued a final decision in which it rejected the extradition of Paul of Romania. He is wanted in the country to serve a 40-month jail sentence in the case related to the illegal restitution of a large plot of land in…

The new Pension Law, to be enforced as of September 2024, will add RON 2.1 billion (EUR 420 million) to the monthly disbursements from Romania’s public pension system to the 4.7 million recipients (retired persons), Finance minister Marcel Bolos announced in a press conference on August 12. The Government began sending notifications to the recipients…

Romania’s National Anticorruption Directorate (DNA) indicted Niculae Havrileț, former head of the National Energy Regulatory Authority (ANRE) who also served as state secretary in the Ministry of Economy, for allegedly receiving improper benefits from three energy companies. According to the DNA prosecutors, concurrently and after the termination of the mandates in the two positions, Havrilet…

Monsson Group, controlled by the Romanian-Swedish businessman Emanuel Muntmark, announced plans to invest in power storage capacities of around 1,500MWh by 2030.  The total investments are estimated at over EUR 525 million. “We are developing an energy storage portfolio of 1,500 MWh at the level of 2030, with an installation target of around 200 MWh…