Category: Uncategorized

A 20 MW SMR project developed by the US-based company Last Energy has received pre-authorization this month from the Romanian Commission for the Control of Nuclear Activities, allowing it to enter the licensing phase, according to an announcement by the company.  The project is also included in the first list of projects under the European…

In order to be allowed to take over the Profi retail chain from the investment fund Mid Europa Partners, Louis Delhaize, which already operates its retailer Mega Image in Romania, agreed with the Competition Council to divest 87 Profi stores in 44 localities where the activities of the two chains overlap possibly leading to a…

Two fertiliser factories, formerly part of the Interagro group and located in Săvinești and Turnu Măgurele, are being offered for sale by the liquidator, Sierra Quadrant. The factories, Ga-Pro-Co and Donau Chem, are available for direct negotiation starting at EUR 17.8 million plus VAT and EUR 18 million plus VAT, respectively, according to Ziarul Financiar.…

New car registrations in Romania increased by 4.3% y/y to 115,509 units in January-September 2024, when the country accounted for 1.4% of the total European Union market, according to the data published by the industry association ACAROM.  Out of this, only 7,378 units had full electric engines (0.7% of the EU market), the equivalent of…

The progressive taxation is not only the idea of Social Democrats, but the IMF experts have also circulated it insistently, most of the EU member states use it and, currently, concrete strategies to implement such a system in Romania are being carried out by authorities, the head of tax and legal assistance department of the…

Residents of Bucharest are now the only people in Romania to have reached average annual disposable incomes of over EUR 18,500 for the first time this year, a level comparable to the European average, according to a recent study by NIQ GfK. In particular, residents of District 1 in the capital city have an average…

The value of the minimum consumption basket for a decent living for a family of four (two adults and two children) reached RON 10,450 (EUR 2,100) per month in September 2024, according to the updated data released by Friedrich Ebert Foundation Romania and Syndex Romania. The figure is 4.7% higher than in 2023 when it…

The International Monetary Fund (IMF) has revised its growth forecast for Romania’s economy in 2024, lowering its estimate from 2.8% to 1.9%, according to the latest World Economic Outlook (WEO) report. This projection, still optimistic, contrasts with Romania’s GDP growth of only 0.7% y/y in the first half of 2024 and the likelihood of weaker…

The first exhibition dedicated to the bestiary imaginary in Romanian culture, Vampires and Werewolves, curated by Cristian Vechiu, can be seen at Art Safari from October 31 to November 17, at the Dacia-Romania Palace in Bucharest.  The exhibition will feature ancient traditions and customs, full moon nights, fantastic creatures of the darkness, and chilling legends.…

Romania will switch to winter time this weekend, on the night of October 26 to 27 (Saturday to Sunday), when the clocks will go back one hour. This means that 4:00 AM on Sunday will become 3:00 AM. A recent study revealed, however, that half of Romanians see the time change as unnecessary, and most are…