Category: Uncategorized

Hungarian company MVM, majority controlled by the state, has reportedly reached an agreement to buy the gas and electricity supply division operated in Romania by the German group E.ON, according to sources familiar with the negotiations consulted by G4media.ro and Economedia.ro. The parties involved avoided or were not available for comments. In March, the German company…

The telecommunications company Digi Communications (BVB: DIGI) announced on September 30 that its Romanian subsidiary has fully redeemed the EUR 450 mln bond maturing in January 2025 and holding a 2.5% coupon, Ziarul Financiar reported.   In June this year, ING Bank supported Digi Romania and Digi Communications in arranging a credit facility worth EUR…

Romanian natural gas group Romgaz (BVB: SNG), controlled by the state as the majority shareholder, successfully raised EUR 500 mln in an FX senior unsecured bond with a 5-year maturity, largely aimed to fund Neptun Deep offshore project where the company holds a 50% stake, amid an abundant volume of orders placed by investors, according…

The total area of residential projects subject to construction permits issued in January-August in Romania decreased by 12.3% y/y to 2.23 million square meters (sqm), according to data published by the statistics office INS.  The construction works volume on residential projects contracted by over 20% y/y in Romania during the first seven months of the…

Romania formally fulfills all the technical requirements to be part of the Visa Waiver program, as the refusal rate has dropped below 3%, according to Andrei Muraru, Romania’s ambassador to the United States. Thus, Romanians would most likely be able to travel visa-free to the US starting the first part of 2025.  Romania has set…

Romanian star swimmer and Olympic gold medalist David Popovici is donating his Paris Olympics equipment to raise money to help build a home for children with special needs in Bucharest’s District 5. Roughly EUR 450,000 is needed to build the family home, and David wants to raise EUR 115,000 of that sum. To achieve this,…

The Beliş-Fântânele complex in Cluj County, which covers six hectares, will reopen under the Hampton by Hilton brand in 2026, following a one-year delay and a EUR 20 million investment. The planned opening will take place after a collaboration between the Transilvania Trek group, part of UNITA Turism group, and the international brand. The partnership…

Romania ranks last in the European Union in terms of the percentage of the population that has completed higher education, with only 19% of the adult population, in contrast to the European average of 35%, according to the Social Monitor, a project of Friedrich-Ebert-Stiftung Romania.  Experts say that this tertiary education rate is one of…

Claudiu Stanasel, Vice President of the Municipal Council of Prato, was awarded recognition as one of the most influential under-30 leaders in Italian politics. The ceremony, organized by the newspaper “L’Espresso” and the “La Giovane Roma” Association, celebrated emerging people in Italian politics, including Stanasel, the only foreign citizen to receive this recognition.  The event…

Uber said on Monday, September 30, that it is expanding its Green service to four new cities in Romania, namely Craiova, Constanța, Iași, and Sibiu. Its fleet includes environmentally friendly models such as Toyota Prius, Hyundai Ioniq, Tesla Model Y, and Volkswagen ID.3. So far, the Uber Green service was available in Bucharest, Cluj-Napoca, Timișoara,…