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Romanian Social Democrat leader and prime minister, also running for the presidential seat this autumn, Marcel Ciolacu, named Liberal (PNL) regional leader Ilie Bolojan as his preferred would-be prime minister.  Notably, Bolojan is also being circulated as a potential prime minister in case the Liberal leader Nicolae Ciuca wins the presidential elections. In fact, the…

Romania’s agricultural sector faces significant setbacks this year, with the European Commission revising crop yield forecasts further downward due to severe drought and heavy rainfall in key producing regions.  Grain corn yields are projected to drop to 3 tonnes per hectare – a 10% reduction from last month’s forecast and a staggering 36% decrease compared…

Romania’s Ministry of Energy extended a EUR 33 million grant under the Resilience Facility to Heliomit, a firm controlled by local entrepreneur Tudor Mihăilă (24), for the development of a PV panel assembly plant with an annual capacity of 1,500MW. The photovoltaic panel factory will be developed in Bârlad, Vaslui county. “The support of almost…

Romania’s Ministry of Energy announced it cleared the disbursement of grants under the Resilience Facility in the total amount of nearly EUR 36 million for five power storage projects with a combined capacity of over 790MWh. Among the recipients, there are investment vehicles of “a Dutch billionaire and an Austrian real estate developer,” according to…

German insurer Signal Iduna announced the signing of the agreement for the acquisition of a majority stake in the Romanian insurance firm Garanta Asigurări from Greece’s market leader – The Ethniki, Hellenic General Insurance Company. Following the success recorded in 2021 through the acquisition and integration of the two Romanian subsidiaries (life and general) of…

Major Romanian online retailer eMAG announced plans to expand operations in the Republic of Moldova in 2025 or 2026. “We are considering an expansion in the Republic of Moldova, but I don’t know if it will be in 2025 or 2026,” eMAG’s CEO Tudor Manea said at the press conference dedicated to the Black Friday…

Banca Comercială Română (BCR), part of Erste Group, announced the launch for the first time in Europe of the Visa+ functionality, which simplifies and accelerates money transfers between people, allowing BCR customers to receive money in three currencies (RON, EUR, and USD), using only mobile phone numbers – as opposed to bank details such as…

MINA Cluj, the largest immersive art center in Europe, opened its doors for a preview last week, offering an initial experience of the show and interactive installations. The official opening took place with MINA representatives, local authorities, and special guests who spoke about the impact the new cultural space will have on Cluj in particular,…

A total of 975,582 Romanian tourists traveled to Turkey by the end of the third quarter of 2024, a record compared to past years. According to data, over the nine months, Turkey’s tourism sector reported a 16% increase in Romanian visitors compared to the same period in 2023 (821,639) and a 26% increase compared to…

The National Art Gallery of the Brukenthal Museum in Sibiu will open to the public on November 24 following extensive restoration and modernization efforts, the institution announced.  The National Art Gallery will present an exceptional collection of sculpture, photography, historical artifacts, books, drawings, and more. This exhibition will draw from the Brukenthal National Museum’s extensive…