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Romanian president Klaus Iohannis announced his resignation on Monday, February 10, arguing that he aims to spare the country from the process of an ongoing unnecessary motion to remove him. Iohannis remained president despite the conclusion of his mandate due to the cancelled presidential elections of November-December 2024. New elections are scheduled in May 2025,…

President Klaus Iohannis announced he was resigning from office to spare the country of the crisis that would ensue as the Parliament is expected to vote for his impeachment. “To spare Romania and its citizens from this crisis, I am resigning from the office of President of Romania. I will leave office the day after…

The Sandbox, a metaverse platform founded in France, entered the Romanian market through the acquisition of QED, a Timișoara-based company specializing in software development solutions.  QED, led by founders Ioana Verebi, Vlad Temian, and Marius Bălaj, has worked closely with The Sandbox as an external provider for over two years. The company has expertise in…

Bogdan Mureșanu’s The New Year That Never Came, the film tracking several interconnected stories right happening before the 1989 Revolution, will have its Australian premiere in Sydney at the Europa! Europa International Festival. The film will be screened on February 15, 16, 23, 24, and 26. The film written, directed, and produced by Mureșanu is…

Legendary director Martin Scorsese has expressed his admiration for Romanian cinema, mentioning films by directors Radu Jude, Cristian Mungiu, Cristi Puiu, and Corneliu Porumboiu in a recent interview given on January 25. During the interview with Dave Karger at the TCM Classic Film Festival, Scorsese was asked about films that recently made an impact on…

The shares of Green Tech International S.A. (GREEN), the owner of one of the largest portfolios of deep geothermal wells in Europe, started trading on the Bucharest Stock Exchange (BVB) on February 7. It is the first company to list at BVB this year, following four other bond listings in January. It comes after the…

Morphosis Capital Partners BV announced the official launch of Morphosis Capital Fund II, its second investment fund, with a committed capital of over EUR 100 million. This is double the size of its first fund commitment.  The new fund aims to support the growth of SMEs in Romania and the region in key sectors such as…

Romanian state-owned rail freight operator CFR Marfă reported a higher market share and continued revenue growth in 2023-2024 despite a declining rail transport market. The company’s turnover rose by 34% in 2022 compared to 2021 and increased by a further 12.9% in 2023, CFR Marfă announced in a statement to Agerpres on Friday. Growth continued…

Ford Otosan and Mars Logistics launched a new intermodal transport route to improve the efficiency, profitability, and sustainability of logistics operations between its factories in Romania, in Craiova, and Turkey.  The new intermodal railway line will allow the transport of approximately 12,000 vehicles per year to Turkey. Under this new system, components will be transported…

Romania still has 1.35 billion cubic meters of natural gas in its deposits (43.4% of deposits’ capacity) and will still have over half a billion cubic meters at the end of March, Minister of Energy Sebastian Burduja said. He made the announcement ahead of a freezing wave that is expected to push gas imports to…