Category: Uncategorized

The shareholders of Romania’s power grid operator Transelectrica (BVB: TEL), controlled (58%) by the Government, endorsed the company’s participation in the project aimed at bringing “green and affordable” electricity from the Caspian Sea region through a 1,200-km long submarine cable that would cross the Black Sea to reach Hungary at the other end. “For Romania,…

Romania’s state-controlled Oil Terminal (BVB: OIL), the port operator in Constanta Port, received the shareholders’ approval to proceed with the bitumen terminal project developed in partnership with Swiss partner Euronova Energies. The Swiss partner will fully bear the investment costs of the project.  After the completion and commissioning of the bitumen terminal, which will remain…

The monthly average net wage in Romania rose by 13.2% y/y, or a real 7.5% y/y,  to RON 5,170 (EUR 1,040) in Q2, according to data published by the statistics office (INS). It was the third quarter in a row when the average net wage in Romania posted robust (+6%-8%) annual growth rates and the…

The oldest herbarium in Southeast Europe, dating back 290 years, will be exhibited for the first time on August 13 at the “Dumitru I. Grumăzescu” Galleries in the “Regina Maria” Municipal Museum of Iași.  The Baussner Herbarium was compiled in 1734 by Georg Friedrich Baussner, a student at the Königlichen Padagogium in Halle, Germany. He…

The “Carol Davila” University of Medicine and Pharmacy in Bucharest, or UMFCD, is set to launch a new investment project to consolidate, rehabilitate, modernize, and equip one of its student dormitories. The investment is valued at approximately EUR 4.2 million. The rector of UMF “Carol Davila,” Prof. Dr. Viorel Jinga, emphasized that while the university’s…

Fintech iBanFirst and equity and investment platform SeedBlink have partnered for a bespoke solution for fundraising startups and their investors that is meant to ensure faster onboarding and access to preferential FX rates. Traditional banking solutions often fail to meet the efficiency and customization needs of investment platforms, resulting in slower transactions, higher costs, and…

More than half of Romanian employees report feeling unappreciated by their employers, according to a study conducted by the APSAP Training Center cited by Digi24.  The study reveals that 55% of private sector employees do not feel appreciated by their employers and express significant concerns related to their work activities. Similarly, 63% of public sector…

The annual inflation rate in July increased to 5.42% from 4.94% in June, according to data published by the National Institute of Statistics on Monday, August 12. Food prices rose by 1.71%, non-food items by 6.92%, and services by 8.52%. The average change in consumer prices over the last 12 months (August 2023 – July…

Bucharest International Dance Film Festival (BIDFF), scheduled to take place between September 5 and September 8, will encompass more than 30 events, meant to allow the public to (re)discover dance film, the organizers announced. The festival includes feature-length and short-film dance films, VR exhibitions, performances, guided tours, and dedicated workshops. The theme of this edition…

Hesburger, the largest fast-food restaurant chain in Finland and one of the best known in Europe, with a history of over 50 years, continues its planned expansion in Romania and opens its second restaurant in the country, inside “Henri Coandă” International Airport in Otopeni. “Starting today, all Romanians and tourists passing through the largest airport…