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Digital bank Revolut surpassed the threshold of 4 million retail customers in Romania, its first market in the EU by number of active users and its second-largest globally after the United Kingdom. The company processed an average of 103 million transactions for clients in the local market over the past 7 months, and a third…

National paraclimbing team athletes took Romania to the podium at the Paraclimbing European Championships in Villars-sur-Ollon, Switzerland, this past weekend. Liviu Matei claimed the gold medal in the AU3 category while Răzvan Nedu won bronze in the B2 competition, Climb Again Association announced. Meanwhile, Romanian Stefan Dogaru ended the RP3 competition in sixth place, Andrei…

After learning to play the drums from scratch, famous actor Chris Hemsworth joined his friend Ed Sheeran on stage in Bucharest this past weekend to perform Thinking Out Loud for the first time in front of around 70,000 fans.  The brain-boosting challenge of learning to play an instrument was filmed for the upcoming second season…

Romania’s prime minister, Marcel Ciolacu, confirmed as head of the Social Democratic Party (PSD), argued for the massive reindustrialization of the country, which, in his view, should turn into “one of the main technological and industrial powerhouses of Europe.” “The renewal of Romania will begin with the reindustrialization of the country. This must be our…

Romania’s ruling Social Democratic Party (PSD), in a congress on August 24, confirmed its president, Marcel Ciolacu, for another term and appointed him as the party’s presidential candidate. Ciolacu claimed the two positions based on his past achievements: reforming his party and turning it into a “pro-European party” after the era of controversial leader Liviu…

While Dacia’s Sandero model kept its place as the best-sold model in Europe in July, another model produced in Romania – the SUV Duster with its new generation already on sale – surprisingly ranked as the fourth best-sold model, surpassing Kia Sportage (5th place) and Toyota Yaris (6th place). Dacia Sandero managed to reach a…

The largest mall owner in Romania, NEPI Rockcastle, which is testing the residential segment as well, announced it plans to invest around EUR 100 million in ready-to-build greenfield photovoltaic projects in several new locations in Romania. The investment aims to expand the green energy generation capacity and cover the consumption needs of the tenants. These…

The ruling coalition will appoint the management of the National Bank of Romania quickly in the first week of September, with the hearings being a mere formality, opposition (USR) MP Claudiu Nasui, member of the Budget, Finance and Banks Committee of the Chamber of Deputies, told Ziarul Financiar. “At the moment, we have not received…

Romanian company Octra, which operates the successful book lending business Bookster but claims to be a mere intermediary between (unnamed, supposedly public) libraries and corporate customers seeking to borrow books, rejected its involvement in the complaint against the publishing houses that resulted in RON 6 million (EUR 1.2 million) fines dictated by the competition body.…

The power generated by Romania’s solar power installations, including the prosumers, rose by 63% y/y to 1.67TWh – or 6.1% of total electricity output in H1, according to data published by the statistics office INS. The share of solar power in total production rose from 3.4% in the same period of 2023. There are over…