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Helmuth Duckadam, the former star Romanian goalkeeper, passed away at the age of 65 at the Military Hospital in Bucharest on Monday, December 2.  Duckadam, nicknamed “The Hero of Seville,” played a decisive role in securing the only globally significant trophy in Romanian football history, through Steaua Bucuresti’s 1986 triumph against Barcelona. He saved all…

Romania’s state railway operator CFR Călători is set to connect Bucharest to the mountain city of Brașov, about 185 km away, with four new Alstom electric trains as part of its new train timetable. The new timetable, which will come into effect on December 15, will have the railway operator running 1,100 trains daily.  “The passenger…

Two stone statues, carved more than 650 years ago, were discovered during restoration work at the Oradea Fortress, in western Romania. The statues represent the apostles and are likely part of the altar of the former Gothic cathedral, which was an important Catholic pilgrimage site. The cathedral was famous for centuries but was abandoned and…

The Romanian Auto Registry (RAR) introdced the RAR Auto-Pass certificate as of December 1 – a digital document that can be requested exclusively online. The move is designed to help buyers avoid purchasing cars advertised as having less miles than in reality.  The certificate includes a history of odometer readings provided by vehicle inspection stations…

President Klaus Iohannis, whose second mandate as head of state is ending, held a press conference reviewing the ten years in office on December 1 – Romania’s National Day. During the conference, Iohannis asked Romanians for forgiveness for the mistakes he had made. Klaus Iohannis started the conference by highlighting the “Educated Romania” project, strengthening…

The ruling Social Democratic Party (PSD) is set to win the parliamentary elections held in Romania on December 1, followed by the far-right AUR, the National Liberal Party (PNL), and the reformist party Save Romania Union (USR). As the vote count nears completion, results seem to confirm that seven political parties managed to pass the…

Franklin Templeton International Services, the manager and the Sole Administrator of Romania’s Fondului Proprietatea (BVB: FP), announced that, after careful analysis, it has decided not to participate in the ongoing selection process initiated by the Romanian state to pick up a new manager. The Romanian state also seeks to redefine the mission of the Fund.…

CEC Bank has successfully issued EUR 300 million in Senior Non-Preferential Notes, marking a significant step in its growth in international capital markets. The bonds, issued under the bank’s EUR 1.5 billion Medium-Term Note (MTN) Programme, are intended to meet MREL (Minimum Requirement for Own Funds and Eligible Liabilities) compliance and received a BB rating…

The Dutch group Damen and the Romanian state-owned company 2MMS agreed to terminate the association contract signed in 2018 for the shared operation of Mangalia Shipyard (Santierul Naval 2 Mai).  Under the contract signed in 2018, Damen Holding – which took over 51% of the shipyard from Daewoo in the same year – passed a…

Romania’s public debt rose by RON 30 billion (EUR 6 billion) in September to RON 917 billion (EUR 184.3 billion) at the end of the month, after the government tapped on September 19 the international bond market by raising the equivalent of EUR 5 billion with three issues denominated in euros (two issues) and US…