Category: Uncategorized

Once every 10 years, white storks throughout Europe are subject to an international census coordinated by Germany’s Nature And Biodiversity Conservation Union (NABU). Now in its eighth edition, the census will also be held in Romania this summer, from June 15 to July 15. In 2014, white storks were reviewed in 48 countries in Europe,…

DRUID, the global company specializing in AI-based conversational solutions, has successfully implemented a virtual assistant for Dacia Romania.  The virtual assistant responds to user inquiries with human-like accuracy, the company said. By converting sentences in Romanian from various types of documents (Word, PDF, Excel, etc.) into queries tailored for systems, it retrieves and provides relevant…

The Ministry of Economy, Entrepreneurship, and Tourism is conducting an outdoor promotion campaign for Romania in Hamburg, Berlin, Munich, and Frankfurt in Germany, by placing promotional images on taxis. In total, 625 taxis will display images encouraging tourists to come to Romania. The campaign takes place in the context of the European Football Championship and…

Romanian developer Forty Management announced that Lagoon Park Bucharest, Europe’s first Public Access Lagoon (PAL) project, will open on Wednesday, June 12. Located in the capital city’s District 1, the project involved an investment of EUR 33 million. “Lagoon Park Bucharest is the first artificial urban beach in a European capital, offering an idyllic escape…

The fiscal landscape of Romania witnessed significant changes in May 2024, marked by legislative amendments and proposals that could reshape the country’s tax regime. This article delves into the key developments of the month, ranging from legislative reforms to prospective shifts in taxation policies. May’s fiscal review centers on pivotal legislative alterations and anticipates future…

Some 35%-40% of the foreign workers with a working permit for Romania had already left the country seeking a better-paid workplace in Western Europe after the border control was lifted on Romania’s airports following Air Schengen implementation on April 1, according to Bursa.ro quoting employment agency representatives. Foreigners arriving in Romania for work can travel…

The partial official results announced by the Romanian Central Electoral Bureau after the counting of the votes in 99.2% of the voting stations, and quoted by Digi24, indicate the ruling coalition formed by Social Democrats (PSD, S&D) and Liberals (PNL, EPP) received 48.70% of the votes – 4.3 percentage points less compared to 53% indicated by…

Romania’s Restart Energy One, an independent energy supplier that is also developing renewable energy projects, announced plans to issue 5-year bonds denominated in euros with a 9.5% coupon attached “to finance the company’s accelerated expansion.” It is not clear whether the bond issue is replacing or preceding the IPO announced by the company last October.…

Romania’s state company Nuclearelectrica (BVB: SNN), the operator of the Cernavodă nuclear power plant, and Korea Hydro&Nuclear Power (KHNP) are starting construction work on the first tritium removal (detrification) facility in Europe at the Cernavodă site. Last year, the estimated value of the investment was revised upwards from EUR 130.4 million to EUR 195.3 million,…

Romanian businessman Dorinel Umbrarescu is reportedly facing legal complications in his plans to take over the ailing steel mill Otelu Rosu operated by Laminorul Danube Metallurgical Enterprise (LDME), currently under insolvency and idle for years, Profit.ro announced. Umbrarescu, currently active in the road construction industry, announced it is taking over the insolvent steel mill Otelu…