Category: Uncategorized

The inaugural bond issue of Romanian state-controlled natural gas company Romgaz (BVB: SNG) of EUR 500 million is scheduled for September this year, announced Răzvan Popescu, the CEO of the state company. “Now we have to determine exactly what the maturity of these bonds will be,” he said, quoted by Ziarul Financiar. The bonds will…

In a month and a half, Romanian investors bought InterCapital BET-TRN UCITS ETF fund units worth EUR 4.23 million, approximately one-third of the total assets raised since the launch of the tradable fund on the markets of Croatia, Slovenia, and Romania.  Croat and Slovenian investors brought assets of EUR 8.53 million, bringing the total to…

The average net wage in Romania increased by 12.7% y/y to RON 5,118 (EUR 1,029), according to data published by the statistics office INS. The annual growth rate expressed in real terms eased to 7.2% y/y in May from +7.9% y/y in April but remained superior to the overall 6.5% y/y increase in Q1. The…

Romania’s industrial output (volume) plunged 11.2% y/y in May, in sharp contrast to the 12.1% y/y advance marked in April, according to the data published by the statistics office INS.  In the combined period April-May, which avoids the effects of the Orthodox Easter dates (May this year compared to April in 2023), the industrial output…

The Red Code issued in Romania this past weekend was prolonged for two more days, July 15 and 16. Meteorologists forecast highs of up to 42 degrees Celsius in the regions covered by the warning and increased thermal discomfort. “We expect temperatures of 37-42 degrees Celsius at the start of the week,” Elena Mateescu, director…

The Conservation Carpathia Foundation will inaugurate the “Beaver House” Visitor Center in Rucăr, Argeș County, on July 16, as part of the efforts to establish the Făgăraș Mountains National Park.  According to the foundation’s representatives, the center in Rucăr is the first in a network of visitor centers focusing on various animals that Conservation Carpathia…

Baia Mare, Cluj-Napoca, Iași, and Oradea will host this year’s Orange Weekends caravan, a program of film screenings and gaming competitions held in landmark areas of these cities. As a first this year, film screenings adapted for visually impaired audiences will be included in the program. Another first is that the event targets both film…

Ukrainian president Volodymyr Zelensky recently said on X that he is grateful for Romania’s solidarity with his country and people. The statement comes following the signing of a bilateral security agreement between the two countries. The document signed in Washington has strictly political, not legal, value. At the same time, all activities arising from this…

Almost 70% of Romanians believe that climate change is a real phenomenon already visible worldwide, according to a survey conducted by INSCOP at the request of News.ro. More than a quarter of those surveyed consider it to be a false phenomenon.  To be exact, 68.9% of Romanians believe that climate change is real and has…

Low-cost airline Wizz Air recently announced the introduction of new routes from Bucharest to Milan Malpensa, Stuttgart, and Trieste, as well as from Cluj-Napoca to Stuttgart and Lisbon. Additionally, travelers will have flights available from Cluj-Napoca to Vienna and Lyon starting in October.  Starting in October 2024, Wizz Air will operate flights from Bucharest to…