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Nearly 1.8 million residents of Bucharest are expected to participate in a local referendum on Sunday, November 24, coinciding with the first round of Romania’s presidential elections. The referendum was initiated by general mayor Nicuşor Dan and focuses on how the capital city’s budget is split between the general and district city halls, how the…

The Romanian government is carrying out the projects to be financed under the Resilience Facility but is slow in implementing the reforms required by the European Commission for the disbursement of funds; therefore, the public administration will be unable to pay its bills to contractors around March next year, according to opposition party USR citing…

Undecided voters in Romania, or those who doubt their choice, can find out what party best matches their political opinions with the help of an online platform (eucucinevotez.eu), where they are invited to answer several questions. The parties had to answer some questions in advance. Once the questionnaire has been completed, the application calculates the…

The minister of digitization, Bogdan Ivan, stated there is no question of closing down some post offices, as the director of Posta Romana, Valentin Stefan, had announced. Ivan added that he wants the company to develop – not restrict the activity of the “strategic institution [Posta Romana].”  “It is a key strategic institution in situations…

Retailers Carrefour, Auchan, and Cora must pay some EUR 19 million for price-fixing in Romania as the local Competition Council announced that it definitively won the lawsuits against the former two – which challenged the fine in court. The Competition Council fined the three approximately RON 87.713 million (EUR 18.8 million) in 2019 for fixing…

The companies in the basket of Bucharest Exchange blue chips index BET have achieved 45% y/y stronger aggregated net profit in Q3, but this was achieved amid diverging dynamics of different sectors and significant impact of one-off earnings obtained by Banca Transilvania and telecommunications group Digi, according to an analysis of InterCapital Asset management analyst…

The government of Romania obtained the European Commission’s green light to implement a RON 2.9 billion grant scheme aimed at the energy-intensive industrial companies hit by the green policies of the European Union.  The state aid and the brown energy taxation are expected to balance each other, in a fine-tuned strategy aimed at achieving climate…

dm drogerie markt Romania, the local subsidiary of German cosmetics retailer dm, closed its financial year 2023-2024 on September 30, posting a revenue of RON 1.77 billion (EUR 356 mln), a substantial 35% increase over the previous year. The growth was fueled by the expansion of the local network and the focus on innovation and…

Romanian citizens voting outside of the country can cast their ballot in the first round of this year’s presidential elections starting November 22. The first polling station to open abroad will be in Auckland, New Zealand. It will open on Friday, November 22, the Permanent Electoral Authority (AEP) said. The process of voting abroad in…

The Special Telecommunications Service (STS) has introduced a new feature on the Prezenta.roaep.ro website, allowing real-time tracking of the 2024 presidential election results. The new functionality enables users to view results based on various criteria, including candidates, counties, and localities, both within Romania and abroad, according to News.ro. “All those interested will be able to…