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Romanian students ended the 2024 European Junior Olympiad in Informatics with gold and silver, bringing Romania to first place in the medal ranking, the Education Ministry announced. The competition’s 8th edition was hosted by Chișinău, Moldova, and brought together 98 competitors from 25 countries. “Our students’ constant effort took Romania to first place in the…

More than 100 civil and military aircraft and 150+ pilots and paratroopers from 13 countries will participate on August 31 at the 14th edition of Bucharest International Air Show & General Aviation Exhibition (BIAS), the largest air show in Romania. The event, held at the Băneasa Airport, celebrates 20 years since Romania’s accession to NATO.…

The European Bank for Reconstruction and Development (EBRD), CEECAT Capital, and Morphosis Capital Fund II signed an agreement to become the majority shareholder in the local retailer La Cocoș, owned by Romanian entrepreneurs Iulian and Gianina Nica. The partnership targets an accelerated expansion of the retailer’s footprint across Romania. The collaboration aims to develop the…

The European Bank for Reconstruction and Development (EBRD) and Raiffeisen Bank International are lending EUR 110 million to the Israeli company Nofar Energy for the development of two photovoltaic parks located in Iepuresti and Ghimpati, in the south-east of Romania, with a total installed capacity of 330 MW. The financing is extended in equal shares…

Bucharest Exchange-listed Purcari Wineries PCL (BVB: WINE), CEE’s leading wine producer, announced its consolidated (group) revenue increased by 3% y/y to RON 165.9 million (EUR 34 mln) in H1, driven by a 12% growth in the core wine segment, while the waste recycling segment was discontinued. The group’s net profit rose by 15% y/y to…

Romanian households placed a record RON 3.2 billion (EUR 640 mln) to buy Government bonds denominated in local currency and euros during the latest issue under the Fidelis scheme, announced Profit.ro. The money was roughly equally split between local currency (RON 1.7 bln) and euros (EUR 311 mln or RON 1.55 bln).  The record value…

The main bike lane network in Bucharest will reach 150km within ten years from 25 km currently, while the secondary bike lane network under the supervision of the six districts may measure 400km, according to the Velo Plan Bucharest, currently under public debate. Radu Andronic, the representative of FIP Consulting, the company that elaborates the…

The controversial influencer Andrew Tate and his brother Tristan were invited to hearings at the Directorate for Investigating Organized Crime and Terrorism in Bucharest (DIICOT) in the afternoon of Wednesday, August 21, and were detained for 24 hours by prosecutors’ order, according to News.ro. The representatives of the two brothers confirmed that DIICOT searched the…

Romanian prime minister Marcel Ciolacu is meeting European Commission president Ursula von der Leyen on August 22 to discuss Romania’s EU commissioner post and the implementation of the national resilience plan (PNRR).  “After this discussion, I will send the name and the nomination of the future European Commissioner from Romania,” said the head of the…

Fuchs Condimente, the local subsidiary of the German Fuchs group and one of the largest local producers of spices in the country, has invested EUR 14 million in the expansion of the factory in Curtea de Arges (Arges County, southern Romania) and the automation of production processes, a project through which the company aims to…