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The government approved in its meeting on Thursday, May 23, the state aid worth RON 471 million (some EUR 95 million) for the Romanian flag carrier Tarom, transport minister Sorin Grindeanu announced. The decision “represents an important step to save” the company, he said. The minister also stated that the aid is granted based on…

A Romanian citizen was detained by prosecutors from the Directorate for Investigating Organized Crime and Terrorism (DIICOT) on charges of treason. He allegedly monitored military sites in Romania and then sent the information to the Russian Embassy in Bucharest. The evidence revealed that starting in 2022, the man monitored several Romanian or NATO military sites…

Environment minister Mircea Fechet and mountaineer and environmentalist Alex Găvan signed on Thursday, May 23, a memorandum of understanding on solutions to combat the worrying air pollution in Bucharest and create a much-needed Green Belt around the capital city. “One must support such an initiative because the forests around big cities are a balancing factor…

In Thursday’s meeting, the government adopted the emergency ordinance that provides for salary increases of 10% for certain categories of budgetary workers, as well as the disbursement of a RON 500 (EUR 100) bonus for eyeglasses for those using computers (or other devices with a screen). Magistrates requested the eyeglass bonus, but there can be…

Unifying Worlds, a tour that will see vocalist Teodora Brody perform in Romania and the U.S., kicks off in Bucharest this weekend. The Bucharest concert, scheduled for May 26 at Sala Luceafărul, is described as an experience at the intersection of jazz, classical music, and the folk singing tradition doina.  The artist will take the stage…

The latest electoral poll for the European Parliament (EP) elections, carried in Romania by IPSOS (May 8-12) for the reformist party USR, shows the far-right AUR party of George Simion at only 7.4% in the European elections – only half the score indicated by the latest polls carried out in April. The ruling alliance of…

The former deputy head of Romania’s intelligence service SRI (2005-2017), Florian Coldea, was placed under judicial control on bail of RON 500,000 (EUR 100,000) payable within seven days after the National Anticorruption Directorate (DNA) initiated an investigation in a corruption case where he is suspected of influence peddling and money laundering. General (R) Dumitru Dumbravă,…

The brokerage house Wood & Company, based in Prague, kept their BUY recommendation on the shares of Romania’s largest bank by assets, Banca Transilvania (TLV), although they estimated a 14% fall by 14% in the next 12 months.  The dividend yield is expected to remain in the 4%-5% range over the coming three years after…

Romanian banks’ aggregated net profit increased by nearly 11% y/y to RON 3.7 billion (EUR 748 million) in Q1, marking a new record, according to data published by the National Bank of Romania (BNR). The aggregated banks’ assets increased by 15% y/y to RON 823 billion (EUR 166 billion) at the end of March –…

Romania’s Commodity Exchange (BRM) announced that on May 22, it operationalized the intraday trading market, coupled with the European system SIDC (Single Intraday Coupling), and the first deals have already been closed, according to Bursa.ro. “Market participants operating across countries will benefit from an Electricity Market that becomes more liquid and therefore increasingly competitive,” SIDC…