Category: Uncategorized

Romania will receive EUR 1.5 billion from the EU Cohesion Fund to help repair the infrastructure and households destroyed by the recent severe floods, Liberal (PNL) leader Nicolae Ciucă announced.  The amount is part of the EUR 10 billion the European Commission will distribute to the five countries affected by storm Boris. Ursula von der…

Emilia Şercan, a Romanian journalist specializing in rooting out plagiarized theses written by major local political figures, is one of the 18 nominees for PRIX EUROPA European Journalist of the Year 2024. She is the only journalist selected from Romania. The list of nominees also includes journalists from Hungary, Sweden, Ukraine, Denmark, Norway, Germany, the…

The two Romanian automobile producers, in their early stage of adopting electrification and thus less exposed to the twist in buyers’ options, announced their aggregated output rose by 8.7% y/y to 356,475 units in January-August, according to the industry association ACAROM, quoted by Economedia.ro. The Ford Otosan factory in Craiova marked a significant 26% y/y…

Romanian dairy maker Fabrica de Lapte Brasov, which produces the Olympus brand in central Romania at Brasov, part of the Greek group Hellenic Dairies, announced it completed its EUR 40 million logistics hub that would serve the group’s regional operations. The company ranked last year as the largest exporter among food producers in Romania. The…

VAT Romania, part of the Swiss group manufacturer and supplier of vacuum valves, has started the construction of its new factory, located in VGP Park Arad. The factory will be the third main global production facility for VAT, alongside the headquarters in Switzerland and the facility in Malaysia. It will also host engineering departments, IT,…

French group Michelin will relocate some 60 workplaces from its flagship factory located at Stoke-on-Trent in the United Kingdom to Eastern Europe, of which 22 to Romania (Bucharest) by the end of next year, and 39 to Poland (Warsaw) until September 2025, according to Profit.ro. In an increasingly competitive labor market, the lower labor productivity…

Romanian electricity utility group Electrica (BVB: EL), with the state as the main (but not majority) shareholder, is planning to issue in 2025-2026 one or more “green” or “sustainable” bonds with a total envisaged value of EUR 500 million and to open a EUR 620 million credit facility. The company’s shareholders are invited to endorse…

State-controlled Romanian natural gas and energy group Romgaz (BVB: SNG) published the Base Prospectus for the EUR 1.5 billion Euro Medium Term Notes (EMTN) Programme, approved on September 20 by the market regulator in Luxembourg. “The largest bond issue by a company with majority state capital is thus launched. This move comes after the company…

While the Legislative Council argues that president Klaus Iohannis is entitled under the current legislation to run for a seat in Parliament as an independent candidate on the list of a party, former Constitutional Court head Augustin Zegrean claims that this is not possible and furthermore “would breach the principles of democracy,” Digi24 reported. President…

Here we go again, it is September, and everything is happening at once, everywhere. Most cinema premieres are planned for autumn, so are many film fests. The reason are manifold, from the end of vacation to how local financing for culture works. After having been screened at festivals or events (most recently The Long Night…