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Romania’s Chamber of Deputies has adopted a bill that stipulates that drivers caught drunk or under the influence of drugs will lose their driving licenses for 10 years. The legislation received 256 votes in favor. The bill aims to improve the legal framework for preventing and combating illicit drug trafficking and consumption and other substances likely…

Romania’s minister of investments and European projects, Adrian Câciu, recently revealed that the Cluj-Napoca subway project is the most delayed one on the list of objectives funded by the National Recovery and Resilience Plan (PNRR). Câciu compared the issues facing the subway project with another similar one, the M6 line in Bucharest connecting the city…

The IT&C field is the most attractive for Romanian high school students when it comes to their future jobs, followed by social media content creation, and marketing, advertising and journalism, according to a recent study conducted by Cult Market Research for ING Hubs Romania. The same research found that most high schoolers see themselves as…

Key information Q1 2024 vs. Q1 2023: Best Q1 in Sphera’s history in terms of sales, EBITDA and net profit Consolidated sales continue to grow at strong pace, up 9.2% Significant improvement of net profit, up 192%, to RON 21.4 million Double-digit increase in EBITDA (+69%) to RON 39.8 million Comfortable profitability, with an EBITDA…

In the bustling tapestry of modern life, there’s a few crucial threads that often get overlooked but hold the key to a prosperous future: social and emotional well-being, mental health and… play!  When people think about achieving success in life, formal environments such as schools and universities often come first to mind. But the base…

Romanians returned 160 million returnable packaging units in April, 40% of the 400 million units introduced on the market under the guarantee-return system, or SGR, minister of environment Mircea Fechet said at the opening ceremony for a new recycling center near Bucharest.  Between January 1 and April 15, 166 million packaging units were collected under…

AROBS Transilvania Software (BVB: AROBS), the largest technology company listed on the Bucharest Stock Exchange, posts a consolidated turnover of RON 105 million (EUR 21.1 mln) in the first three months of 2024, slightly down by 5%, compared to the first quarter of 2023, normalized EBITDA of RON 20.6 million and a normalized net profit…

The government plans to hike the minimum statutory wage to RON 3,700 (EUR 740, gross terms), prime minister Marcel Ciolacu confirmed, without saying whether this would be done by July or later this year. Currently, the minimum wage is RON 3,300 (EUR 660), meaning that the new hike would amount to just over 12%.  Speaking…

Prime minister Marcel Ciolacu, in an interview with Digi24, said that Romania’s decision regarding the transfer of the Patriot anti-missile system to Ukraine annoyed Russia, which conveyed a “veiled threat,” but stressed that this is certainly not likely to result in military retaliation. “I saw Moscow’s reaction (after president Klaus Iohannis was in the US…

Digi Communications (BVB: DIGI) has signed three loans totaling EUR 167.15 million for the development of telecommunications networks in Romania, Spain, and Portugal, according to a note to investors. The company also announced its net profit more than doubled to EUR 33 million in Q1, from EUR 14.3 million in the same period last year. The…