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Sophia, one of the leading Romanian brands of curtains, draperies and custom decorations, with 30 franchise stores in the country and the USA, enters the Spanish market. The Romanian company focuses on developing its network of franchises and micro-franchises in the Balearic islands of Mallorca and Ibiza, but also in Barcelona, through the diaspora, ​​in…

The Central Electoral Bureau (BEC) of Romania rejected on June 18 the request filed by the opposition United Right Alliance (ADU) for scrapping the local elections results in Bucharest’s District 2 based on alleged frauds. ADU’s candidate, incumbent District 2 mayor Radu Mihaiu, failed to get another term in the June 9 local elections by…

With 12.6% of the total number of tourists hosted in Romania’s accommodation structures in January-April, Brasov county, with its popular winter resorts, ranks as the second tourist destination after Bucharest (17.6%). It is at a wide distance above the third-largest destination – the winter resorts placed along Prahova Valley in Prahova county (5.4%). According to…

The analysts of the financial group Erste revised downwards the target price for the shares of Romanian water transport company Transport Trade Services (TTS), citing a faster-than-expected decline in the Ukrainian grain business, on river transport, but mostly in the Constanta port. The recommendation remains Accumulate. The new target price is RON 28.06, versus RON…

Of the total number of renewable energy projects that have obtained the grid connection technical approval (ATR), only 10-15% will materialize and produce electricity, according to the data presented by Claudiu Dumbrăveanu, ANRE director, at the FOREN regional energy forum 2024. At the moment – last week – 878 technical connection approvals (ATR) have been…

DTEK Renewables International (DRI), the Dutch-registered renewables division of Ukrainian energy and utility conglomerate DTEK controlled by Rinat Ahmetov, announced that it purchased a ready-to-build PV project in Romania with a planned capacity of 126MWp, which would become the group’s third such project in the country. The construction of the Văcărești solar park in Dambovita…

Romanian president Klaus Iohannis was left with no other NATO country to support his candidacy for the Alliance’s secretary general position after both Hungary’s prime minister Viktor Orban and Slovak president Peter Pellegrini announced that their countries would back the candidacy of outgoing Dutch prime ,inister Mark Rutte. NATO secretary general Jens Stoltenberg concluded that…

Romania is in the final stages of meeting the criteria for admission to the Visa Waiver program, according to Dan-Andrei Muraru, the Romanian ambassador to the United States.  “We are in the final stages, meaning by the end of the American fiscal year, which ends on October 1 this year, we are confident that we…

On Tuesday, June 18, Romania’s Chamber of Deputies adopted the bill that bans advertising for electronic cigarettes, including vapes or devices using heated tobacco, as well as nicotine pouches.  Deputies voted 269 to 2 in favor of the project bill banning such advertising, with 3 abstentions. “It is prohibited to explicitly advertise tobacco products, electronic…

ibis Styles Venus, the internationally branded hotel operated by Paradis Hotels & Resorts, has opened in the resort of Venus, on the Romanian Black Sea coast. The hotel has 180 rooms, a swimming pool, a breakfast restaurant and bistro pool bar. Starting in 2025, the hotel can also host events in two conference halls. “ibis…