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Liberty Steel (formerly known as Sidex), Romania’s integrated steel mill and Liberty’s only blast furnace operating in Europe, has again suspended the operation due to the difficult market conditions, Argus Media reported. The blast furnace was reopened in mid-February after the Government extended guarantees for a EUR 150 million loan from Exim Banca Romaneasca (formerly…

Romania’s natural gas company Romgaz (BVB: SNG) invited shareholders on July 1 to approve the issue of FX bonds in the amount of up to EUR 500 million, as well as the contracting of two bank loans for EUR 150 million (from Banca Transilvania) and EUR 100 million (from Unicredit), according to notes sent by…

If you are in Sibiu until Sunday, drop by at ESTE FILM Festival, celebrating its 8th edition. The competition, featuring Romanian short films, is accompanied by a special programme dedicated to Mexican cinema, more precisely Mexico City, and what must be the loveliest mix of recent films, with Bas Devos’ tender Here (easily my favourite…

The Social Democrat Party (PSD), part of the governing coalition with the National Liberal Party (PNL), has attracted most of the mayors that decided to change parties before this year’s local elections, a report by think-tank Expert Forum shows. The PSD attracted 279 candidates, most of them from PNL (174) and the People’s Movement Party…

Romanian actor Ioachim Ciobanu stars in the newly released Netflix miniseries “Eric,” with Benedict Cumberbatch in the lead role. The show premiered on May 30. Ioachim studied computer arts in San Francisco and then film editing at UNATC “I.L. Caragiale,” directing numerous short films and commercials. Since 2013, he has dedicated himself exclusively to acting,…

AfterLand, an exhibition opening on June 4 at Rezidenta9 in Bucharest, brings together works by an international group of artists working at the intersection between art, science, and nature. Each of them has a particular affinity with water, approaching it from different angles as varied as the symbolic values of the element itself, according to…

This article series tells the stories of the 15 finalists selected in the Made in Romania 2023 program. Made in Romania is the flagship program of the Bucharest Stock Exchange dedicated to the development and promotion of the Romanian entrepreneurial environment. The program’s goal is to select and promote Romanian companies that have the greatest…

Italian banking group Intesa Sanpaolo announced on May 31 that it completed the acquisition of the Romanian group First Bank S.A. from the US-based private investment fund J.C. Flowers & Co. The takeover allows Intesa Sanpaolo to double its presence in Romania, where it has been active since 1996. The acquisition also strengthens the competitive positioning of…

The virtual museum Herculane Stories was launched on May 30 in the historic Casino building at Băile Herculane, highlighting the past of the resort. The initiative, developed over the past year by the ESCU Association, involved the collection, digitalization, research, and processing of thousands of materials and objects closely related to the spa resort’s heritage.…

Integrated energy producer OMV Petrom said on May 31 that it closed the acquisition of Renovatio Asset Management, the owner of the largest charging network for electric vehicles in Romania, with over 400 charging points and growth prospects to approximately 650 by 2026. Following this deal, OMV Petrom becomes the largest player in the field of…