Category: Uncategorized

The current account (CA) deficit of Romania increased by 26.7% y/y to EUR 6.58 billion in the first four months of 2024, according to data published by the central bank BNR. The deficit-to-GDP ratio thus reached 2.0% of GDP in January-April, compared to 1.8% in the same period of 2023. The EUR 1.385 billion deterioration…

The management of state-controlled nuclear company Nuclearelectrica (BVB: SNN) summoned its shareholders to get permission for a large-sized loan (RON 814 million, EUR 160 million) to its subsidiary EnergoNuclear – which is developing the 3rd and 4th reactors of Romania’s sole nuclear plant. The completion of the two new units at Cernavodă is expected for…

Romania’s industrial output surged by an impressive 12.1% y/y and even more (+16.9% y/y) in the core manufacturing industry, according to data published by the statistics office INS. This was, however, due to the larger number of workdays.  The workday-adjusted industrial output rose by only +3.6% y/y (+6.4% y/y in manufacturing), still an outstanding performance…

The third edition of Athenaeum Summer Festival, with a program bringing together classical, jazz, film, and early music, is scheduled to take place between June 20 and June 29 at the Romanian Athenaeum in Bucharest. In the festival’s opening concert, British soprano Sally Matthews will perform the final scene of Richard Strauss’s Capriccio, alongside the…

Oradea-born pianist Zoltán Thurzó, a double Guinness World Record holder, set a new world record on Wednesday, June 12, by playing the piano at the highest altitude paved road in the world, the Umling La Pass in India, Ladakh region, at an altitude of 5,798.51 meters. He therefore broke his own altitude record, previously set…

The children’s hospital built from donations by local non-profit Dăruiește Viață in Bucharest inaugurated its own radio studio on Thursday, June 13. The inaugural show was listened to live by the patients, parents, and medical staff, as well as by people from all over the country on a local radio station and online. Doctors, journalists,…

A mural project intended to help raise awareness about the harmful effects of pollution on health was inaugurated on Wednesday, June 12, at the “Marius Nasta” Institute of Pneumoftiziology in Bucharest.  The artwork was painted on one of the hospital’s buildings using a special paint that purifies the air, utilizing an innovative technology that transforms…

Ten women entrepreneurs have been selected within the She’s Next program, launched by ING Bank Romania and Visa, in partnership with Impact Hub Bucharest. The finalists will benefit from personalized mentoring sessions, focused on the development needs of their businesses, as well as group coaching sessions, with the aim of interacting with the entire community of…

Storm Shadow AI (SSAI), an advanced artificial intelligence solution developed by Romanian software development company OVES Enterprise, has caught the interest of major global weapons manufacturers, which would want to use it to counter the jamming of GPS systems that affect modern military equipment in operational theaters. The SSAI solution can be integrated into various…

Bellemonde, a new residential complex in Pipera, north of Bucharest, received the building permit from the Voluntari City Hall. Thus, construction works at the new EUR 40 million project are scheduled to start in June and end in 24 months. The complex will cover a land area of over 41,000 sqm and will feature 93…