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OMV Petrom, the largest integrated energy producer in Southeastern Europe, announced that it strengthened its partnership with Renovatio by acquiring a 50% stake in three photovoltaic projects totaling 130 MW.   The projects will be developed, built, and operated in partnership with Renovatio. Thus, the two partners will have a total joint installed capacity of…

The Bulgarian government has approved the transfer of the 57.14% stake held by the French energy company TotalEnergies in the Han Asparuh oil and gas block in the Black Sea to OMV Offshore Bulgaria GmbH, part of the Romanian oil and gas group OMV Petrom (BVB: SNP), and extended the permit exploration for this project,…

The first detailed Q1 GDP data confirmed the slim 0.1% y/y GDP growth indicated by the flash estimate but revised the q/q advance downwards from 0.5% to 0.4%. Robust consumption rise was sourced from more imports, data showed.  Furthermore, the main sectors posted negative contributions to the overall annual growth, while the net taxes (8.6%…

Bucharest mayor Nicușor Dan is projected to win 45% of the votes cast in the local elections on June 9, according to an exit poll conducted by CURS-Avantgarde quoted by Digi24. Former Bucharest mayor Gabriela Firea is on the second place, with 24% of the votes. Firea entered the race for the Bucharest mayor job…

Automotive sales in Romania will end 2024 with a 1.7% increase compared to last year for passenger cars and a 0.6% increase for light commercial vehicles, according to the PwC Autofacts report conducted on five markets in Central Europe.  Dacia remains the best-selling brand in the country. Tesla doubled its sales during the same period…

The local campaign for the EU Parliament elections was largely overshadowed by that for the local elections, overlapping as the two election rounds take place on the same day, June 9. Below, we outline the candidates of the main parties and political alliances, and the themes of their programs. Voters in Romania will elect 33…

Moldovan airline HiSky operated on Friday, June 7, the first direct flight from Bucharest to the United States in over 20 years. Tarom’s flights to New York were halted in 2003.  The HiSky aircraft flying to New York is configured with two aisles and a total of 275 seats, divided into business and economy classes.…

Romanian bookstore chain Cărturești announced a campaign aimed at encouraging voting in the local and European elections held in Romania this Sunday, June 9. Those who vote will be gifted a free book or a magazine. “Show the ID card with the VOTAT 2024 stamp at the cash register in any Cărturesti bookstore, and your civic…

British journalist and filmmaker Charley Ottley recently launched the film “Discover Oltenia” at the National Peasant’s Museum in Bucharest. The new documentary promotes the Oltenia de sub Munte region in Romania – an aspiring UNESCO geopark that stands out with its rich cultural and natural wealth. The journalist is also currently filming in Maramureş for the…

Romania is set to meet Kazakhstan in the European Minifootball Championship semifinals today. To reach this stage, the Romanian team bested the host country, Bosnia and Herzegovina, in an emphatic 4-1 victory, watched on by a mammoth home crowd. Romania is the current world champion. Kazakhstan knocked out the reigning European champions, Azerbaijan, in a…