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An order issued by the Romanian Minister of Energy to approve a state aid scheme under the form of Contracts for Difference (CfD) for the production of electricity from onshore wind and solar photovoltaic (PV) sources was published in the Official Gazette (Monitorul Official) on August 5. The state aid scheme aims to secure CfD…

The Romanian Ministry of Finance (MF) has announced a new public offering for Fidelis government bonds, set to take place at the Bucharest Stock Exchange between August 8 and 20, 2024. This marks the fourth such offer this year and the eighteenth since the Fidelis program was reinstated in July 2020. The Ministry has successfully…

Romanian authorities have detained two doctors from the “Sf. Pantelimon” Emergency Clinical Hospital in Bucharest, accusing them of first-degree murder and attempted murder in connection with suspicious patient deaths. The accusations stem from a deliberate plan to reduce the dosage of noradrenaline, a critical drug for maintaining blood pressure in intensive care patients. Prosecutors from…

Romanian athlete Mihaela Cambei won the silver medal in the 49kg weightlifting competition at the Olympic Games. It is the eighth medal Team Romania won at this year’s Olympic Games. Romania currently ranks 14th in the medal tabel.  Chinese Hou Zhihui won the silver, while Thailand’s Surodchana Khambao took the bronze medal. Twenty-one-year-old Cambei, who…

On August 7, 2024, the Board of the National Bank of Romania (NBR) decided to cut the monetary policy rate from 6.75% to 6.50%, effective from August 8, 2024. This decision also included lowering the lending (Lombard) facility rate to 7.50% from 7.75% and the deposit facility rate to 5.50% from 5.75%. The minimum reserve…

Romanian canoeist Cătălin Chirilă managed to finish first in the men’s 1000 meters single canoe event on Wednesday, August 7, qualifying for semifinals.  Chirilă, 26, won the third heat on the Vaires-sur-Marne course with a time of 3:44.75, setting a new Olympic record. Frenchman Adrien Bart finished in second place with a time of 3:46.93.…

Over 45,000 new homes were completed last year in the most important ten regional residential markets in Romania, the biggest number of deliveries being registered in Bucharest and Ilfov, followed by Constanta, Timisoara, Cluj–Napoca and Brasov, according to a market report released by real estate consultancy SVN Romania, based on official statistics.  Constanta climbed to…

Over 250 motorcyclists, some coming from Serbia, participated in a motorcycle parade on August 6 in Timișoara, in memory rock legend Nicu Covaci, who passed away last week at the Timișoara County Hospital.  Nicu Covaci was the leader and founding member of rock band Phoenix, formed in 1962 in Timișoara. The motorcyclists gathered in the…

Romania’s Via Transilvanica route was the subject of a recent BBC feature. Writer Andrew Eames glowingly describes his trip, detailing each stop along the way. Via Transilvanica, stretching along 1,400km, stitches together some of Europe’s most traditional landscapes and communities with 12 Unesco World Heritage sites. The route runs diagonally across Romania from northeast to…

Rubik Hub has opened the application period for the seventh edition of the accelerator Rubik Garage, designed for tech startups from Central and Southeastern Europe. The program supports startups to boost revenue, expand into new markets, and attract investments. Eligible startups must have a functional MVP and use technology to address problems innovatively. Teams should…