Category: Uncategorized
-
The history of Romania’s stolen Dacian helmet from Coțofenești
The Dacian helmet from Coțofenești, stolen days ago from a museum in the Netherlands, where it was on display without appropriate security, dates back to around 400 BC and was found by mistake nearly 100 years ago. After its theft on Saturday, January 25, authorities and private individuals are prepared to offer rewards for information…
-
Vodafone appoints new CEO for Romania
Nedim Baytorun, currently Consumer Business Unit Director and member of the board of directors, will be the new CEO of Vodafone Romania, effective April 1, the company announced. From the same date, the current CEO, Achilleas Kanaris, will take over the management of Vodafone Greece. A leader with over 20 years of international experience, more…
-
Romanian Orthodox Church launches mobile app for religious calendar
The Romanian Orthodox Church has officially launched the Orthodox Calendar mobile app for Android and iOS devices. Designed to support the faithful, the new tool provides information on religious holidays, the lives of saints, daily liturgical practices, and specific rituals. All content is approved by the Holy Synod of the Romanian Orthodox Church, with saint…
-
Romania’s Govt. to come up with 2025 budget planning this week
The ruling coalition in Romania discussed on January 27 the draft budget for 2025, which the Finance Ministry plans to complete by January 29, according to sources consulted by Economedia.ro and G4media.ro. The budget planning is expected by the European Commission, as the country is under Excessive Deficit Procedure (EDP), and also by the rating…
-
Former Oil Terminal platform in Constanța turned into an urban center under EUR 800 mln plan
Developer Iulius Real Estate plans to redevelop the former Oil Terminal platform in Constanțan into a modern urban center under a EUR 800 million investment project. The site will be fully decontaminated and reintegrated into the city, creating a mixed-use development, Profit.ro reported. In 2023, state-owned Oil Terminal, the operator of the Constanța port oil…
-
Romania’s Pavăl family expands renewable energy investments
The Pavăl brothers, founders of the Dedeman group, are expanding their renewable energy portfolio with a new solar power plant project. Their electricity production company, Grunman Energy, is set to develop the Pantelimon Depozit Photovoltaic Power Plant, a 5 MW facility in Ciocani, Vaslui county, Profit.ro reported. Grunman Energy acquired the project’s original developer, Zen…
-
Romanian energy minister says EU’s “green shock therapy” must end
Europe’s “greening” policies were not well-thought-out public policies, but an ideology followed blindly on the model of shock therapy, and this must stop, and the economy must be rebuilt on solid, competitive, and innovative foundations, said energy minister Sebastian Burduja. At the same time, his ministry’s policies, particularly the use of EUR 3 billion under…
-
Credit to Govt. rises three times faster than corporate loans in Romania
The stock of credit granted by banks to the Romanian government surged by 23% y/y to RON 250 billion (EUR 50 billion) at the end of 2024 – three times faster than the non-government credit (loans granted to the population and companies), according to data published by the National Bank of Romania (BNR) and consulted…
-
EU gives Moldova EUR 30 mln for short-term fix of energy crisis and promises longer-term plan
The European Union (EU) announced a EUR 30 million “targeted support to Moldova, including the Transnistrian region,” to finance the purchase and transportation of natural gas for the region that is facing an acute energy crisis “provoked by Gazprom.” The targeted support will restore electricity and heat supply in the region and also enable the…
-
CTP begins work on speculative 58,000 sqm logistics project in southern Bucharest
CTP recently started the speculative construction of a warehouse with a leasable area of 54,000 sqm within the CTPark Bucharest South project. This is in addition to the 85,000 sqm already built and distributed in three buildings. For the new warehouse, the developer is in advanced discussions with potential tenants for half of the building’s…