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The Dubai edition of Untold, the globally recognized festival born in Romania, was named Best Festival of the Year at the 2024 Middle East Event Awards. The initiative rewards the region’s best live and entertainment shows, as well as arts and culture events. “This trophy comes as a recognition of the Untold brand value and…

The cargo terminal at Oradea Airport, a private investment of CTP Romania worth over EUR 33 million, was completed, Bihor County Council announced. The project includes three halls with an area of ​​6.5 hectares, built on a land of 14.5 hectares. “CTPark Oradea Cargo Terminal is the first industrial park in Romania with a cargo…

Romanian far-right senator Diana Șoșoacă, who was recently elected to the European Parliament, “is funded by the Russians” and “doesn’t know what world she is living in,” according to former European Parliament president Martin Schulz.  Schulz made the comment during an interview on DigiFM, where he spoke about extremist parties in Europe. While comparing democratic…

Young Romanian manele singer Babasha returned to the stage at Arena Națională on June 13, for the second night Coldplay played in Bucharest, but was not booed this time. Instead, people applauded at the end of his performance.  During the first Coldplay concert the day before, the Romanian musician came rather as an unpleasant surprise…

The Romanian Land Forces started the reception procedures for the equipment of the first Bayraktar TB2 unmanned aircraft system this week, the Ministry of Defense (MApN) announced. Once this stage is completed, estimated for late June-early July, Romanian pilots will begin their training flights. The standard configuration of a Bayraktar TB2 system comprises six unmanned…

Bucharest and the surrounding Ilfov county, as well as other areas in southern Romania, were under a code red storm warning on Thursday night, June 13. Heavy rain, hail, and powerful winds hit the capital and other cities, causing floods and damage to properties and cars. In Bucharest and Ilfov, emergency department teams intervened in…

After the June 9 local and European elections, the main Romanian parties quickly shifted their focus to the presidential ballot, where no candidate was officially announced three months before the vote that may take place in September.  The Liberal Party (PNL) will hold a congress before July 10, where the party’s candidate will be confirmed,…

Real estate developer Mitiska REIM obtained a EUR 19 million loan from Erste Group Bank, in which Erste’s local subsidiary BCR acted as a guarantee agent, for the financing of a new retail park in Pitesti. The loan is intended to finance the development costs associated with the completion of the commercial park, as well…

Romania’s prime minister Marcel Ciolacu, before the June 13 meeting of the executive, announced that the government is endorsing the three-year grant scheme with a budget of EUR 450 million, dedicated to supporting investments in manufacturing industries. The money will come from national and European budgets, the PM said, quoted by Profit.ro.  The grants will…

The risks to Romania’s rating are “largely balanced,” Fitch Ratings analyst Greg Kiss told Reuters, adding that the relatively low level of public debt represents a favorable starting point for measures aimed at reducing the largest budget deficit in the EU, Economica.net reported. The comment comes after a research note from the Austrian financial group…