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Romanians spent EUR 63 million in cinemas last year, a figure 25% higher compared with 2022, as ticket prices also recorded an 8.2% year-over-year increase, according to data from the Romanian Film Center analyzed by the real estate consultancy company Cushman & Wakefield Echinox.  The total number of tickets sold reached 13.02 million in 2023,…

Electrica (BVB: EL), one of the largest electricity distributors and suppliers in Romania, recently celebrated a decade since its dual listing on the Bucharest and London stock exchanges. Since listing, the company’s share price increased by 39.6% to RON 15.3 at the time of writing. However, the total return, including dividends, amounted to over 90%.…

Romanian entrepreneurial retail, agriculture, and food group Agroland Business System announced that its feed factory in Caransebeș will be transformed into the largest certified organic feed factory in Romania. The transition from conventional feed production to organic feed represented an investment of EUR 200,000 that mainly focused on refurbishing the equipment within the factory and…

The European Investment Bank (EIB) approved a loan of EUR 35.4 million for Grigore T. Popa University of Medicine and Pharmacy in Iași (UMF Iași), in eastern Romania, to refurbish and upgrade campus buildings. The transaction represents UMF Iași’s first external loan and the first operation of the EIB under its EUR 200 million initiative…

DJ Mag has presented the Top 100 Festivals list for 2024, and Romania’s Untold has climbed to the podium. The festival in Cluj-Napoca ranks 3rd in the world, after Belgium’s Tomorrowland and EDC Las Vegas, but higher than other major festivals with tradition such as Glastonbury, Coachella, Burning Man, and Ultra Music Festival. Compiled by…

Gabriel Resources, the majority shareholder of Roșia Montană Gold Corporation, intends to challenge the decision in the international arbitration case targeting the Roșia Montană gold mining project, Profit.ro reported. Romania won the case in March when the International Center for Settlement of Investment Disputes in Washington (ICSID) ruled that the country wouldn’t have to pay…

Romania posted the highest share of households where the financial situation has deteriorated over the past year but also among the highest shares of households that are faring better – which illustrates the large and widening income discrepancy in Romania, despite a general improvement in the average living conditions. Some 30% of the Romanians estimate…

The court of first instance in Malta decided to extradite Paul-Philippe of Romania, sentenced to three years and four months of jail in Romania for buying influence and complicity in the abuse of office, according to justice minister Alina Gorghiu.  Malta previously refused the extradition request after France took a similar step. But it kept…

Romania’s ruling coalition failed to agree on the date of the presidential elections during its June 25 meeting, with a new round of consultations scheduled on June 29, according to RFI. The Liberals (PNL), whose leader Nicolae Ciuca took a headstart in the electoral campaign, would prefer to defer the presidential ballot from September –…

Romania firmly maintains its resilient market position despite a 13% decline in the number of foreign direct investment projects (from 69 to 60) in 2023, capturing the confidence of investors who still see its potential, EY concluded following its Attractiveness Survey conducted in the first part of 2024. However, Romania’s ranking in Europe’s FDI attractiveness…