Category: Uncategorized

According to a recent survey, Romania’s ruling coalition, made up of the Social Democratic Party (PSD) and the National Liberal Party (PNL), is polling at almost 49% in voting intentions for the general elections.  Almost 30% of those surveyed in a poll conducted by INSCOP at the request of News.ro stated that they would vote…

The National Liberal Party (PNL), the junior partner in Romania’s ruling coalition dominated by Social Democrats (PSD), is opting for deferring the presidential elections to November, two months later than previously agreed among the two parties in the spring.  Liberal leader Nicolae Ciuca confirmed this decision after the party leadership met on July 1, Hotnews.ro…

The Romanian Cultural Institute (ICR) has opened the second edition of the essay competition Eu și România, targeting children in Romanian communities abroad, historical ones and in countries where Romanian is not an official language. The competition is open to those aged between 8 and 18, who are invited to send essays and stories on…

Romanian manufacturer of detergent and cleaning products Misavan from Iasi, controlled by the entrepreneur Ciprian Otea, completed the works on a new factory.  The project involved over EUR 10 million of investments, according to the previous statements of the company’s owner. He recently stated that all manufacturing operations will be moved to this new facility. …

The Polytechnic University of Bucharest received the construction permit for the first 3 buildings of its planned new campus, part of one of a larger Technology Park, according to Profit.ro, which estimates the value of the project at over EUR 70 million. The project includes office buildings for business incubators and research, student dormitories, spaces…

Romanian state-controlled hydropower company Hidroelectrica (BVB: H2O) awarded a EUR 188 million contract for the refurbishment of its major hydropower plant Vidraru to an association formed by Romanian companies Electromontaj (the leader of the association), Butan Grup (specialized in cranes production), and Croatian company Koncar, according to Economedia.ro. The winner of the contract was the…

The European Commission (EC) cut the projections for most cereals in its June grain crop forecast for Romania. However, this year’s crops are still expected to be above those obtained last year.  Thus, the wheat crop forecast was revised downward by 5% to 9.8 million tonnes for a yield of 4.41 tonnes per ha, Economica.net…

The natural gas offshore project Neptun Deep, operated by OMV Petrom (BVB: SNP) but fiercely opposed by green activists such as Greenpeace, is going according to the schedule, and if nothing unexpected occurs, authorities expect to see the first drillings by the end of this year, energy minister Sebastian Burduja said on July 1 during…

Romania will have to introduce a fiscal corrective package to address the increase in the structural public deficit generated by non-discretionary spending, such as pensions and public wages, a report by UniCredit bank shows.  “Due to parliamentary elections being held very late in the year, we now see a risk that the budget deficit could…

Large power storage capacities, including a pumped reversible hydropower plant, are necessary to address the side effects of the large-scale development of wind and solar power generation capacities as envisaged under the National Energy Strategy as drafted by the Ministry of Energy and published for public consultations.  Negative prices in the spot electricity market, very…