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American singer Jason Derulo will headline the VIBE Festival in Targu Mures, which will take place July 4-7, according to the organizers. Dubfire, Traumer, Alan Fitzpatrick, and many other international stars will also be on stage. The festival, now at its sixth edition, will take place on the banks of the Mures River and will…

Freedom. Memories 1954-2021, the long-awaited memoirs covering the personal and public career of Germany’s former chancellor, Angela Merkel, is to be published in more than 30 countries on November 26, including in Romania. Cora Radulian signs the translation from German. According to local publishing house Litera, the 700-page book is already available for pre-order online, on…

Romania’s annual inflation rate eased to 5.9% in April from 6.6% the month before and 7.2% in February, according to the official report released by the statistics institute INS on Tuesday, May 14. According to Biziday.ro, the 5.9% value has not been recorded in Romania since August 2021. The inflation rate from the beginning of…

Photon Energy, a group of companies providing solar energy, clean water solutions, and environmental remediation worldwide, announced it secured a loan to finance its portfolio of photovoltaic parks in Romania. The loan, totaling EUR 15 million, represents the group’s second project financing for European photovoltaic solar energy assets operating on a free market basis, selling…

Turkish-Spanish car parts supplier Gestamp announced the opening of a new factory in Darmanesti, Arges county, where 200 will be employed.  The investment is conducted by the Turkish-Spanish international company Beyçelik Gestamp. The factory will produce components for the Romanian car producers Dacia and Ford Otosan, Profit.ro reported. Work on the 22,000 sqm facility is nearing…

Romanian video game developer Amber Studio announced that it gave up a EUR 2.7 million state grant as it found the creation of 120 workplaces in Botosani and Craiova was not sustainable, Ziarul Financiar reported. “As a result of the global economic situation regarding the industry in which the company operates, but also the fact…

Mitoc Partners, indirectly owned by Italian investors (75%) and Romanian lawyer Edward Dobre (25%), is developing a major wind generation project in Botosani county, northeastern Romania, composed of three wind farms with an installed capacity of 305MW, Profit.ro reported. The project, which reached the stage of getting the environmental permit, is estimated to cost EUR 531…

The April headline inflation, to be published on May 14, was expected to decrease towards 6% y/y, but the hopes for entering the 2.5% +/-1pp were further delayed amid slightly higher inflationary pressures this year and an inflationary shock expected with the fiscal corrective package in 2025. The central bank has a yearend target of…

Exim Banca Românească Continues to provide loans under the IMM PLUS program this year as well, facilitating small and medium-sized enterprises (SMEs) and small businesses with medium market capitalization to access special financing conditions to ensure the liquidity needed for current operations or investments. The main characteristics of the financing are: The maximum value of…

Romania’s central bank on May 13 opted to keep the policy rate at 7%, despite a fragile majority of analysts (4 of 6, under a Bloomberg survey) expecting the first rate cut of the policy easing cycle.  The decision marks not only a mere deferral of the easing cycle – but a deeper change in…