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Austrian wienerberger, a leading provider of innovative and sustainable solutions for the construction industry, reopened the brick factory in the commune of Berca, Buzău county, following an extensive modernization process. The company covered the total investment of more than EUR 25 million from its own funding. The factory now uses state-of-the-art production technologies, and the…

The Romanian Government disbursed RON 100 million (EUR 20 million) to help the thousands of households who saw their homes severely damaged, prime minister Marcel Ciolacu announced on September 16 as the eastern part of the country was still recovering after a couple of days of severe rainfalls.  An immediate aid of RON 10,000 (EUR…

After he ran for the top seat at NATO and investigated his options for a top seat in the European Union’s executive body, Romanian president Klaus Iohannis may run in the national parliamentary elections for a lawmaker seat, according to G4Media.ro quoting sources within the Liberal Party (PNL) familiar with the scenario. Iohannis would run…

The US Department of Agriculture has once again revised down, by 900,000 tonnes this time, the estimate for Romania’s maize/corn production in the 2024-2025 marketing year. This comes after a 400,000 tonnes downward adjustment operated in July amid severe drought in the region. The country’s maize production could thus drop to 7.8 million tonnes, the…

Only one out of five localities in Galati county, severely hit by the floods recently, had mandatory insurance at the end of August, according to data from PAID – the entity that manages the compulsory home insurance scheme against floods, earthquakes, and landslides.  The insurance rates tend to be much lower than the average in…

Real estate group Iulius announced it kicked up expansion works at its shopping mall in Suceava under a EUR 40 million project expected to be completed in the first half of 2025. The project will bring new retail spaces of ​​14,500 square meters (+33%) and involves the creation of additional spaces, as well as the…

Romanian telecommunications operator Digi Communications (BVB: DIGI) announced that, on September 16, the Romanian subsidiary of the group (Digi Romania) issued a notice of full redemption of the EUR 450 million bonds carrying a 2.5% coupon issued by the company in 2020 maturing in January 2025. The actual redemption date will be on September 27. The…

Japanese company Sumitomo Electric, a cable manufacturer for the automotive industry,  part of the Sumitomo Electric Bordnetze SE (SEBN) group active in 13 countries, is launching “a plan to reorganize its activities” in Bulgaria for the following two years, which involves the transfer of manufacturing operations to Romania and the Republic of Moldova, according to Profit.ro…

While the Romanian Government has generally linked the state aid extended to companies to the number of workplaces generated by the specific project, carmaker Dacia is now asking for a RON 37.5 million (EUR 7.5 million) state aid to finance part of the RON 85 million (EUR 17 billion) investment in a fully-automated paint shop.…

The latest data revealing widening twin deficits in Romania, published at the end of last week, prompted concerns and pushed up the yield of the 10-year bonds to 6.89% from 6.75% before, putting pressure on the public debt service, warned Adrian Codirlasu, deputy president of the CFA Romania Society. This is severely hindering the government’s…