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Romania’s energy group OMV Petrom (BVB: SNP) confirmed the new gas targets based on the Neptun Deep offshore project while adding the adjacent Han Asparuh project, currently in an exploration phase, and revised the mix of instruments in zero carbon business lines, keeping the overall investment targets at same levels, under the updated Strategy 2030 document…

Concluding that Romania has not taken effective action in response to the Council Recommendation of June 18, 2021, the European Commission recommends Romania’s authorities tighten fiscal policy in order to achieve a fiscal adjustment for 2024 as a whole and make use of cohesion, Resilience, and other plans available to boost competitiveness. It is an unprecedented…

In the relentless march of technological progress, few innovations have captured the imagination quite like the eSIM or embedded SIM. This tiny chip, embedded directly into devices, is reshaping not only the way we connect but also telecommunication ecosystems. The impact of eSIM technology is poised to reverberate far beyond our current horizons, ushering in…

One United Properties (BVB: ONE), the leading green investor and developer of residential, mixed-use, and office real estate in Romania, announces EUR 47 million financing from Banca Transilvania. This financing will be used to fully repay the existing credit contracted by the company in 2021 from the Black Sea Trade and Development Bank for the…

The Bucharest National Opera (ONB)’s first production of La Clemenza di Tito, the two-act opera composed by Wolfgang Amadeus Mozart, is set to premiere with two performances on June 29 and June 30. It is the first production of theater director Tompa Gábor with ONB and a national premiere for Mozart’s opera, ONB said. Abel…

Italian president Sergio Mattarella conducted a visit to Romania on Wednesday, June 19, during which he met his Romanian counterpart Klaus Iohannis. Mattarella will also see PM Marcel Ciolacu later in the day. In a joint press conference with his Italian counterpart, Iohannis said that Romania greatly appreciates Italy’s involvement in the region. “President Sergio…

The safest neighborhood in Bucharest is Văcărești, according to a Storia analysis cited by B365. Moreover, 7 out of the 10 safest neighborhoods in Romania are in Cluj. Storia conducted an analysis to determine the cities and neighborhoods in Romania where residents feel the safest. According to the T.R.A.I. index, the closer the score is…

Romania ranks first in the European Union for investigations launched by the European Anti-Fraud Office (OLAF) concerning fraud with EU funds, according to the 2023 report made public by the institution on Wednesday, June 19.  Romania leads the ranking with 16 OLAF investigations, followed by Bulgaria (14), Hungary (11), Italy (11), and France (9).  One…

Romania’s biggest film event, Transilvania International Film Festival (TIFF) is currently happening in Cluj-Napoca. Its busiest section is the Romanian Film Days, to which not only locals professionals flock but most foreign guests. This is where the fest bursts and not much of relevance happens elsewhere. Stay tuned for more on it next week. If…

The Night of Museums event will hold a second edition in local villages on August 31, focusing on the cultural heritage in rural areas. The program includes numerous educational projects organized in villages and communes in the country, the organizers said. “After a spectacular first edition, with close to 200 museums participating last year, we…