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The Nokian Tyres factory in Oradea, in northwest Romania, earned LEED v4 Gold certification for sustainable building from the US Green Building Council. According to the company, it is the first LEED Gold certified tire factory in the world. LEED (Leadership in Energy and Environmental Design) is the world’s most widely recognized green building certification…

At 53 Calea Griviței in Bucharest stands the new building of the “first theater built together from the ground up.” Backed by more than 14,000 donors, the once “impossible idea” has become one of Romania’s most ambitious independent cultural projects – and the first private theater built from scratch in nearly 80 years. In this…

Romania’s minister of agriculture, Florin Barbu, has proposed capping the share of private-label products sold by large retail chains at 20% of total sales volume, as part of Romania’s input to the European Commission’s review of Directive 633 on unfair trading practices in the agricultural and food supply chain, Bursa.ro reported. The European Commission has launched a…

The Presidential Administration explained that president Nicușor Dan cannot promulgate the law on magistrates’ pensions without receiving from the Constitutional Court (CCR) “the decision confirming its constitutionality.” Magistrates’ organisations, which previously referred the Law to the Constitutional Court, have openly but informally requested president Dan to return the law to Parliament.  The Presidency explained its…

Kelemen Hunor, president of the Democratic Alliance of Hungarians in Romania (UDMR), said he would support Hungarian prime minister Viktor Orban in Hungary’s parliamentary elections scheduled for April 12, stating that opposition leader Peter Magyar “did not convince him.” Speaking to RFI, Hunor said that, in his view, “the better option scenario is that Orban…

A government ordinance that downsizes the personnel and the personnel expenditures across the entire public administration at the central and local levels, but also decentralises and simplifies operations of the public administration and instates unified evaluation procedures for the public servants, was approved by the government of Romania on Tuesday, February 24, after months of…

The weak financial intermediation in Romania, which features the lowest loan-to-GDP ratio in Europe and among the lowest in the world when it comes to both household loans and corporate loans, has further eroded over the past year. The overall ratio reached 23.4% at the end of January, down from 23.8% one year earlier, according…

Lukoil Overseas Atash BV, a subsidiary of the Russian group Lukoil and operator of the Trident offshore perimeter in the Black Sea (88%), has officially notified the Romanian authorities that it is in a force majeure situation that makes it impossible for it to continue operations, according to Mediafax. The force majeure could prevent the…

Romanian utilities group Electrica (BVB: EL) announced to investors that it signed on February 24 a Memorandum of Understanding with the integrated steel mill Liberty Galati regarding the joint development of renewable (photovoltaic) energy production and storage capacities of up to 500 MW, on land plots owned by the steel group. Liberty Galati is currently…

German retailer Schwarz, which already operates its chains Lidl and Kaufland in Romania, received from the local competition body (Consiliul Concurentei) a conditional permit to take over the majority stake in Romanian retailer La Cocos, according to a press release issued by the Competition Council. The new owner will have to preserve the business model…