Category: Uncategorized

Swimathon Bucharest, one of the most anticipated sports fundraising events in Romania, is set to take place on the weekend of June 15-16. A total of 978 swimmer-fundraisers will compete in the pool, turning each lap into donations for the causes that motivate them.  The event offers the opportunity to support 34 valuable projects in various…

Romanian president Klaus Iohannis welcomed Martin Schulz, president of the Friedrich-Ebert Foundation and the former head of the European Parliament, to the Cotroceni Palace in Bucharest on June 12. The two discussed various topics of interest, including the new political configuration in the European Union and the geopolitical situation. “In the context of the recent…

British rock group Coldplay invited Romanian manele singer Babasha to perform on stage alongside the band’s lead singer during their first concert in Bucharest on June 12, a moment which was met with boos from the audience and raging debates afterward. Around 50,000 people attended the famous band’s first concert in Bucharest on Wednesday night. Babasha…

The largest film festival in the country kicks off in Cluj, while Bucharest residents can enjoy the ongoing opera festival, numerous exhibitions, or a bonsai show at the Botanical Garden. In Bucharest: Bucharest Opera Festival Until June 16 The third edition of the event is an All Puccini one, celebrating the legacy of the Italian…

Bucharest is more expensive than the average city in Europe for international schools, ranking 13th out of 31 cities in the new 2023 research released by the International Schools Database. The top 3 most expensive cities in Europe are all located in Switzerland, while Copenhagen is last at number 31. Switzerland remained the most expensive…

The number of housing units completed in Romania (chart) plunged by 25.9% y/y to 11,360 in the first quarter of the year, according to data published by the statistics office INS. It is the lowest number of housing units reported in the first quarter since 2018. Measured by the number of housing units delivered, Romania’s…

Romania’s headline inflation rate dropped from 5.9% in April to 5.1% y/y in May, coming well below the 5.6% Bloomberg median forecast as the regulated energy prices fell for the second month in a row, according to data published by the statistics office INS. The core inflation also eased to 6.3% y/y in May from…

The Romanian sovereign debt remains in good demand, but the twin deficit correction taking longer than previously expected puts the country’s rating at risk, Erste Research concludes in its most recent Macro Outlook for the country, which also confirms the broad concerns about the imminent fiscal slippage to be addressed (for electoral reasons) no sooner…

The installed capacity of the residential PV installations, the so-called prosumers, will increase from 1.7GW currently to 2GW at the end of the year, according to estimates of the energy market regulator ANRE. The number of prosumers is expected to rise to 200,000 from 130,000 currently as a new edition of the Green House PV…

The European Commission has approved, under the EU merger regulation, the takeover of the local bank Alpha Bank Romania SA by the Italian banking group UniCredit. “The Commission concluded that the transaction does not raise competition concerns, given the limited market positions of the companies resulting from the proposed transaction. The transaction was examined under…