Category: Uncategorized

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…

Romania’s Ministry of Energy confirmed in an official statement that the country could join Serbia as an equal partner in the project for a third hydropower plant on the Danube, but it denied that a joint team to coordinate the project was set up already and highlighted that the project should be approached with caution…

Innobyte, one of Romania’s leading companies specializing in eCommerce services and solutions, fully owned by LIFE IS HARD, announces an impressive 24.89% increase in revenue for the first three months of 2024 compared to the same period last year, reaching RON 33 men. The company also reported a significant 245% increase in net profit in…