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The shares of the Romanian drugmaker Antibiotice (BVB: ATB), controlled by the state (53%), gained nearly 12.5% on June 6 after the minister of investments Adrian Caciu and the company’s general manager Ioan Nani announced a EUR 100 million project developed under the Strategic Technologies for Europe Platform (STEP) for the production of so-called “critical…

The retail sales index in Romania rose by 14.6% y/y in April, according to data published by the statistics office INS.  The retail sales in the rolling 12 months to April increased by a more moderate rate of 3.3% y/y, still well above the 1.6% y/y growth calculated for the last year. The seasonally adjusted…

The BET has gained approximately 50% over the last 12 months, placing Romania in the top 10 best-performing markets worldwide. The BET index, which follows the price movements of the most traded 20 companies listed on the Bucharest Stock Exchange, went up by 1.58% on Thursday, June 6, and closed the day at an all-time…

The House of European Institutes (HEI), a new multicultural center located in Timișoara’s Theresia Bastion, is reopening on June 7 with the exhibition Diseñadoras. (Re)diseñando el mundo, which features 12 Spanish designers working across a variety of domains, from product design and textiles to graphics. The show, curated by Gloria Ruiz, includes works by Marta…

Sixteen universities in Romania were included in the most recent RUR World University Rankings, with the highest place going to the Carol Davila University of Medicine and Pharmacy in Bucharest. The Carol Davila University ranks 284th in the “teaching” category in the Round University Ranking, placing it the highest spot among all universities in Romania.…

The UK’s Eton College Symphony Orchestra will come to Romania next month for three concerts in Bucharest, Brașov, and Sibiu, the Romanian Musicians’ Interpretive Creation Union (UCIMR) announced. The musical group that will tour Romania this summer comprises 70 boys between the ages of 14 and 18. Sala Radio in Bucharest will host the first concert…

Transfăgărăşan, probably Romania’s most famous high-altitude road, reopens for traffic this Friday, June 7, earlier than usual. Transalpina, the other spectacular mountain road in the country, reopened last week. Both mountain highways are usually closed from late October to late June because of the challenging weather conditions. “Transfăgărășan (DN7C) opens tomorrow starting at 07:00 (almost…

Prison overcrowding continues to be an acute problem in a significant number of European prison administrations, according to the Council of Europe’s recently released Annual Penal Statistics on Prison Populations (SPACE I) for 2023. And Romania, with a prison density of 120 inmates per 100 places available – the second-highest in Europe, faces severe overcrowding.…

A man on the Spanish Police’s “Most Wanted” list was captured in Romania, where he had been hiding for years in a house on the outskirts of Bucharest.  Daniel M.V. from Murcia, who created no less than 55 false identities to use in his criminal activities, led a criminal organization specialized in cyber fraud, generating…

Romania’s tax collection agency, ANAF, recently put up for sale half of Euro Hotels Grivița, located near the North Railway Station. The sale is part of several cases investigated by the anticorruption directorate DNA involving former tourism minister Elena Udrea. Two quarter shares of the hotel, one belonging to Elena Udrea and one to ex-husband…