Category: Uncategorized

European Commission president Ursula von der Leyen has pledged aid worth EUR 10 billion to help repair the damage caused by recent floods in Central and Eastern Europe, Romania included. She made the promise during a visit to the western Polish city of Wroclaw on Thursday, September 19.  A massive wave of flooding has hit Central…

Finnish company Nokian Tyres inaugurated its passenger car tire factory in Oradea, Romania, on September 19, a project with a total value of EUR 650 million. The new facility operates without utilizing any fossil energy, making it the world’s first full-scale tire factory with zero CO2 emissions.  The factory inauguration marks the completion of a…

The ranking of the best-selling cars in Europe was led by Dacia Sandero in August, a particularly notable achievement given it occurred in a declining market. The Romanian-made model has been the leader since the beginning of the year, missing the top spot for only two months and ranking second instead during that time.  On…

The judges of the High Court of Cassation and Justice decided on Friday, September 20, to send the case targeting the Romanian Revolution of 1989, in which former president Ion Iliescu faces charges of crimes against humanity, back to the Military Prosecutor’s Office to correct certain irregularities in the indictment. On June 14, another Supreme…

The internationally acclaimed exhibition “Bearing Witness”, created by two-time Pulitzer Prize-winner, photographer Muhammed Muheisen, and Howard G. Buffett, Chairman and CEO of the Howard G. Buffett Foundation has officially opened in Romania.  As the country stands on the edge of the ongoing conflict at its borders, the exhibition takes on a deeper meaning, bringing to…

Polish PragmaGO, a leading non-bank provider of SME finance in CEE, started its international expansion from the Romanian market through the acquisition of an 89% shareholding in Telecredit IFN SA (operating under the brand name Omnicredit) from investment company Reconstruction Capital II Limited (RC2) and Elisa Rusu, Telecredit’s CEO, for an initial consideration of EUR…

The 3000-year-old Dacian gold bracelet auctioned during the September 17 event at the Cesianu-Racoviță Palace in Bucharest will be exhibited at the Brukenthal National Museum in Sibiu, the A10 by Artmark auction house announced. The spectacular piece of jewelry was purchased for EUR 35,000 (from a starting price of EUR 7,000) by an art and…

Former NATO deputy secretary general Mircea Geoană and prime minister Marcel Ciolacu lead in the latest presidential poll carried out by INSCOP Research for the Institute for Freedom and Democracy.  Mircea Geoană (independent) is polling at 21.4% in voting intentions for the first round of the presidential elections, followed closely by PM and Social Democrat…

Almost 7,000 households (6,939) in 28 communes were severely hit by the floods in Galati county, according to the updated estimates published by the local authorities on the evening of September 19. “From the data available at this moment, 28 communes are affected by floods. The data at this moment are estimates and were communicated…

The leader of the Liberal (PNL) senators, Daniel Fenechiu, announced that his party drafted and filed for endorsement a law amendment that provides that a president in office, if he is in the last three months of his mandate, can run as an independent on a party’s list or an alliance. This somehow confirms president…