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Eurohold Bulgaria AD and Euroins Insurance Group AD (EIG) said they have officially filed a request for arbitration against the government of Romania at the International Centre for Settlement of Investment Disputes (ICSID) in Washington, DC. The claim is more than EUR 500 million. The action comes after the Romanian financial authority ASF withdrew the…

Creative industries take center stage in Bucharest as the Romanian Design Week unfolds an extensive program, while concerts, exhibitions and outdoor events are part of this weekend’s offer. In Bucharest: Romanian Design Week May 24 – June 2 The twelfth edition of the event dedicated to the local creative-cultural industries takes place under theme of…

Romania won the title of European Junior Champion in rhythmic gymnastics in the team event held on Wednesday, May 22, in Budapest. This is the first ever Junior Team Gold medal for Romania. Romanian athletes Amalia Lică and Lisa Garac scored a total of 125.100 points, surpassing Israel (Meital Maayan Sumkin, Alona Tal Franco) with…

The Sandero model, produced by Dacia in Romania and Morocco, increased its lead over its main rival this year, the VW Golf.  Dacia Sandero sold 24,835 cars in April, according to preliminary figures published by Data Force, which highlight a significant increase of 37.1% for the Romanian model, with a growth of 6,724 units compared…

ESMT Berlin and the BMW Group said they are partnering for the third time to offer BMW Group Change Maker Fellowships, including to young professionals from Romania. The 10 full-tuition scholarships for the ESMT Global Online MBA will support young mathematics or technology professionals “to accelerate positive and meaningful change.” After supporting displaced women from…

The first complex for the care, rehabilitation, and protection of the brown bear in Romania is currently being built in the forest fund managed by the Kronstadt Forestry Directorate in Brașov, the Ministry of Environment announced. The construction works started on Wednesday, May 22. The bear rehabilitation center is being built in the Timiș Valley…

Romania’s competition body, Consiliul Concurentei, is analyzing the transaction through which The New Originals Company GmbH intends to take over the soy products business operated by Dr. Oetker Romania. The assets taken over are related to the business with soy products carried out in Romania by Dr. Oetker under the Inedit brand, Bursa.ro reported. Dr.…

The German utility group E.ON is “exploring the option” of selling the electricity and natural gas supply operations in Romania because the risk-return ratio is deteriorating due to frequent changes in the energy capping scheme, announced Leonhard Birnbaum, E.ON’s CEO, speaking on the occasion of the Eurelectric Power Summit 2024 in Athens on May 21.…

Rating agency Fitch assigned Romanian state-controlled natural gas group Romgaz (BVB: SNG) a first-time BBB- long-term Issuer Default Rating (IDR) with a ‘stable’ outlook. The company’s bb- Standalone Credit Profile (SCP) rating, in the region of speculative investments, benefits from a one-notch uplift as per the Government-Related Entities (GRE) Rating Criteria, the rating agency explained.…

All food produced in Romania will be subject to the price markup mechanism already enforced for basic food goods, despite the criticism expressed by economists as regards the side effects of such measures, Romanian minister of agriculture Florin Barbu announced.  The Government Ordinance on this will be passed within two weeks, he said, Digi24 reported.…