Category: Uncategorized

Bucharest has started implementing a special recycling project that directly benefits stray animals. In Tineretului, Floreasca, and Circului parks, eco-friendly vending machines have been installed to provide food and water for stray cats in exchange for recycling bottles and aluminum cans. “Street cats lead a hard life, especially in winter. Food is essential for their…

The National Defense Ministry reported that its monitoring and surveillance systems detected violations of Romanian airspace during a Russian drone attack on Ukraine on Friday morning, January 17. Subsequent searches revealed signs of a “possible drone impact site” on Romanian territory. After the drones were first detected, two F-16 aircraft from the Romanian Air Force…

GLGH Steel, LLC has agreed to purchase Artrom Steel Tubes S.A., the Romanian seamless steel tubes producer based in Slatina and Resita. The transaction is subject to the necessary regulatory approvals from Romanian authorities. GLGH Steel is a subsidiary of Great Lakes Global Holdings (GLGH), an investment company based in Chicago, Illinois. The Share Purchase…

The European Public Prosecutor’s Office (EPPO) announced that its local branch filed an indictment at the Bucharest Tribunal against one Romanian citizen and one company for fraud involving a project for the development of the Danube Delta, co-funded by the EU.  The project, co-funded under the EU’s Regional Operational Program 2014-2020, aimed to expand the…

Up Romania, one of the leading players in the fringe benefits industry in the market, launches UpMobil+ app, a digital ecosystem for fringe benefits management and access to exclusive offers, top products and services, all in one place. The new app is addressed both to those who benefit from Up Romania products, and to the…

The three far-right nationalist parties in Romania’s Parliament filed a request, drafted by the Party of Young People (POT), to initiate the procedures for the suspension from the post of president Klaus Iohannis. Six MPs more than required (one-third of the total number of lawmakers) signed the document, namely all the 161 MPs of POT,…

A recent electoral survey conducted by Sociopol for Romania TV reveals that nationalist and far-right candidates are poised to dominate Romania’s presidential election this May. The poll suggests that radical candidates, including leading figure Călin Georgescu, will advance to the second round regardless of whether Georgescu is permitted to run. The results spotlight Georgescu, a…

Chimcomplex, the largest industrial entrepreneurial company, controlled by Ştefan Vuza, requests reconsideration of the decision to cancel the state aid contract from the Ministry of Economy, signed at the end of 2023, and continuation of the dialogue to find viable solutions. “By winning a grant worth RON 195 million (for a RON 490 million resin…

An International Monetary Fund (IMF) delegation will visit Bucharest from February 3 to 7 to discuss with Romania’s new government and the National Bank, according to an IMF press release quoted by Ziarul Financiar. Led by Joong Shik Kang, the mission will review recent economic and financial developments and update the macroeconomic outlook.  Kang, a…

The average yield accepted by the Romanian Treasury in the latest auction for three-year bonds rose to 7.7% on January 15 from 7.04% one month earlier. The yield for five-year bonds increased to 7.75% from 7.22%, while the yield for 10-year bonds neared 8%. Separately, the Treasury is selling RON-denominated bonds to households with yields…