Category: Uncategorized

The president of Romania’s National Liberal Party (PNL) and speaker of the Senate, Nicolae Ciucă, announced that he initiated a bill imposing harsher penalities for child abusers.  The bill makes it so those guilty of endangering the life or integrity of a minor can be sentenced to 5-10 years in prison, compared to the current…

Industrial developer and owner CTP acquired an industrial portfolio of 270,000 sqm GLA and 30 ha landbank in Romania from office investor Globalworth. The portfolio comprises six industrial parks and complementary locations in Bucharest, Arad, Pitesti, Oradea, and Timisoara. Remon Vos, CEO of CTP Group, stated: “This acquisition significantly expands our Romanian portfolio by adding…

In just a week after launch, the new Attractive Romania/România Atractivă travel app made it to the top of most downloaded travel applications in Romania and other European countries. In the seven days since the app went live (May 15-22), more than 7,000 users have downloaded it from the App Store and Google Play. Thus,…

The American Chamber of Commerce in Romania (AmCham Romania) announced the 3rd edition of the US-Romania Economic Forum, to be held for the first time in Washington, DC on June 20. The event aims to promote Romania as a destination for American investments.  The “US-Romania Economic Forum: Partnership for Growth,” as the event is titled,…

Radu Mazăre, the former mayor of Romania’s seaside city of Constanţa, was released from prison on Monday, May 27, after the Ilfov Tribunal admitted his parole request. The court’s decision was final, and the former mayor left the penitentiary on the same day.  “I’m no longer interested in public life in any way. Stop asking…

In 2023, 22.5% of Romania’s population aged 25-34 years had tertiary education (ISCED levels 5-8), the lowest share in the European Union, where the average increased by 1 percentage point from 2022 to 43%, according to Eurostat. The EU as a whole is 2 pp below its 2030 target, which aims for 45% of the…

Speaking in central Romania at a press conference with the head of the Hungarian party UDMR Kelemen Hunor, Hungary’s foreign minister Szijjártó confirmed that Mark Rutte does not have the vote of his government and welcomed the fact that there is now an Eastern candidate for the post of NATO Secretary General in the person…

Mugur Isărescu (74), the world’s longest-serving central bank governor, is poised to be confirmed for a new five-year term as lawmakers seek a vote on the extension by the end of June, according to Bloomberg. Appointed shortly after the fall of communism in 1990 and remaining in office for three decades (except for a one-year…

Romania’s private railway operator Grampet, a major logistics operator in Romania and Central and South-Eastern Europe, will inaugurate on May 31 a transhipment terminal for agricultural products on the border with Ukraine, following a EUR 10 million investment, Economica.net announced. The terminal was completed in early April and tested meanwhile. The new complex in Dornești…

Romania’s largest refinery, Rompetrol Rafinare (BVB: RRC), announced that it seeks a partner to finance, design, construct, and operate a water hydrolisis plant (hydroliser) near or on its premises on the Black Sea coast, thus conveniently supplying it with green hydrogen needed for decarbonisation. Rompetrol is ready to offer a long-term off-take agreement. Based on…