*This interview was edited by Romania Insider for Auchan Romania.
Accesul la cunoaștere trebuie să vină la pachet cu „instrumente de analiză și de interpretare”, astfel încât școala să formeze „nu doar scriitori, filologi, oameni de cultură, dar cetățeni curioși,…
Claudiu Turcuș, conferențiar universitar și decan al Facultății de Teatru și Film de la Universitatea Babeș-Bolyai din Cluj, a criticat noua programă de Limba și literatură română, numind-o „opacă la…
Structura propusă de Ministerul Educației pentru programa de Limba și literatura română de clasa a IX-a riscă să transforme literatura într-un obiect muzeal, rupt de sensibilitățile generației actuale, avertizează profesorul…
Angajații Teatrului Excelsior din Capitală au semnat o scrisoare deschisă în care susțin menținerea lui Vlad Cristache în funcția de manager al teatrului și cer transparență în organizarea de urgență…
UPDATE Vlad Cristache a anunțat că va refuza prelungirea mandatului de manager interimar al Teatrului Excelsior. „Mi s-a propus astăzi prelungirea mandatului de manager interimar al Teatrului Excelsior… bineînțeles în…Over EUR 1 million was raised at the 25th Christmas Tree Festival, which took place on Thursday, December 4, at the National Museum of Art in Bucharest. Funds will be used by Save the Children Romania, the organizer of the auction, for access to quality education.
The tree that raised the most money in the auction, EUR 220,000, was 'A Cosmic Tree of Life', created by artist Vlad Nanca, supported by Unicredit Bank. The tree, made out of welded metal and Murano glass mosaic, was Nanca’s first contribution to the Christmas Trees Festival.
"'A Cosmic Tree of Life' is conceived as a modular, transformable ensemble of works that can be assembled in two distinct but equally autonomous configurations. In its vertical form, the work becomes a cosmic tree, a constellation of planets and orbits, which unites ritual with discovery, the human with the celestial. Beyond the seasonal reference, this version functions as a reflection on creation, connection, and cycles of renewal that go far beyond a single moment of the year,” the artist said in the description of the work.
The tree 'A Cosmic Tree of Life' surpassed the record for the highest bid, previously held since 2019 by Omid Ghannadi’s creation, 'Roots', which was auctioned for EUR 180,000. Another creation by fashion designer Doina Levintza, 'The Angel', raised EUR 100,000.
The third-placed tree was ‘Compassion,’ created by Omid Ghannadi, Alex Iancio & Robert Nagy, which raised EUR 70,000.
“Beyond the immediate humanitarian stakes, our objective is to bring the right to non-discriminatory education for all children to the center of public debate. School is the condition without which the vicious circle of poverty remains closed. That is why I am grateful for the tremendous generosity of those who contributed to the 25th edition of the Christmas Tree Festival, because, in this way, the voices of these children made vulnerable by poverty move beyond statistics and are heard,” said Gabriela Alexandrescu, Executive President of Save the Children Romania.
More than one-third (33.8%) of Romanian children continued to live at risk of poverty or social exclusion in 2024, above the European Union average of 24.2%. Children in rural areas have a much higher risk of poverty or social exclusion.
During the previous 24 editions of the Christmas Tree Festival, funds were raised that actively supported 272,127 children.
(Photo source: press release)
The first thing guests notice is the exterior. Designed by Lithuanian creative director Mantas Petruškevičius, the hotel’s façade feels less like seasonal décor and more like a stage set. Thousands of metres of illuminated garlands, theatrical balconies and a cast of Nutcracker soldiers give the building an almost cinematic quality, as if Bucharest has briefly borrowed a set from a period drama.
Inside, floral installations created by Florăria Iris reinterpret Victorian elegance with a contemporary sensibility - generous arrangements, tactile textures and layered compositions that invite wandering rather than simply admiring.
“It’s not about overwhelming the senses,” says the creative team behind the concept. “It’s about inviting people into a story they can walk through.”
And just when guests think they’ve seen it all, Corinthia adds a twist.
On 6 December, the hotel has prepared a surprise element designed to spill beyond its doors and into the street. While details remain deliberately under wraps, the promise is simple: moments when music appears unexpectedly, light behaves theatrically and the ordinary briefly becomes something else.
It’s not an event in the traditional sense. Think of it as a festive interruption, a pause in the city’s rhythm that makes passers-by stop, listen and smile.
Behind the scenes, December plays out with equal intensity in the kitchens.
Executive Chef Pedro Mendes and Pastry Chef Cristian Vasilescu describe the season as “our busiest symphony.” While dining rooms glow with candlelight and conversation, the kitchen team moves with the kind of precision usually reserved for orchestras. Menus are polished daily, timing is everything and nothing leaves the pass without intention.
Where Chef Mendes brings warmth and depth to festive flavours, Pastry Chef Vasilescu gives desserts the personality of leading characters. Chocolate becomes velvety architecture. Citrus behaves like a bright aria. Spice whispers rather than shouts.
Guests may not see the kitchen, but they certainly feel it; in the rhythm of courses, in the confidence of presentation and in that unmistakable sense that December, here, is being conducted rather than simply cooked.
Throughout December, Corinthia leans into celebration with a calendar of in-house experiences: candlelit lunches, evening gatherings in Heritage Bar and quietly glamorous dinners within the Belle Époque spaces of the hotel.
The emphasis is deliberately personal. Rather than hosting mass events, the hotel has curated smaller, more intimate moments that allow guests to feel part of something rather than merely attending it.
Christmas Day is all about elegant tradition, New Year’s Eve carries a discreet sense of theatre and in between, the hotel behaves as December itself should - warm, slightly mischievous and beautifully unhurried.
If there’s one thing Corinthia has understood, it’s this: December isn’t about doing more. It’s about feeling more.
Here, the month unfolds slowly. One light at a time. One dish at a time. One surprise that arrives exactly when you’ve stopped expecting it.
And in a city that never quite slows down, that may be the most festive gift of all.
Discover more: https://www.corinthia.com/en-gb/bucharest/boulevard73/festive-season/
Rock star Marilyn Manson will return to Romania next summer to perform at Rockstadt Extreme Fest, organizers announced on Tuesday, December 2. He is among the headliners confirmed for the local rock and metal festival, which will take place from July 27 to 31 in Ghimbav, Brașov county.
“For the first time ever, Marilyn Manson descends upon Rockstadt Extreme Fest, and nothing will ever be the same,” reads the announcement on the event’s Facebook page.
“A polarizing icon, a boundary-breaker, and one of the most influential shock-rock figures of the last three decades, Manson headlines REF with a show built for the brave. Expect chaos and an uncompromising performance carved from the darker edges of art and rebellion,” the same post added.
In the same message, the organizers told fans to “brace yourselves” for a night built on “raw intensity” and “twisted creativity.”
Tickets for the 2026 edition of the festival can be purchased online here.
Marilyn Manson previously performed in Romania in 2006 at the B’estival music festival, as reported by Libertatea.
irina.marica@romania-insider.com
(Photo source: Facebook/Rockstadt Extreme Fest)
“Catane,” a dark comedy inspired by real events and directed by Ioana Mischie, is set to have its first special screenings in Romania after a successful festival circuit.
The film had its world premiere at the IFFI Goa festival in India and was nominated this year at the Hollywood Music in Media Awards for Best Original Music, being among the five films selected worldwide in the independent film category, a premiere for Romania.
In the film, three inspectors, intrigued by the fact that all the inhabitants of the village of Catane are requesting social assistance, go to investigate the unusual case. The inspection committee is sent into the field to establish “the truth,” but instead discovers an entire odyssey of contradictory truths. The villagers respond with ingenious plans, subtle humor, and sophisticated improvisation.
The cast includes Costel Cașcaval, Iulia Lumânare, and Cristian Bota.
The screenplay of the film was selected and appreciated in numerous prestigious international programs, from Berlinale Talents – Script Station and Sundance Workshop, to Cannes International Screenwriters Pavilion, Eastweek Screenwriting Workshop for New Talents, or Les Arcs Film Schools Village. The project was also awarded multiple important prizes for “Best Screenplay” already in its development stage.
The film’s poster, launched on Tuesday, December 2, is illustrated by the Romanian-Italian artist Mădălina Andronic, with graphics added by Studio Shentzu. The trailer is edited by Cristian Vieriu and Bogdan Jugureanu, with original music by Alexei Țurcan.
Viewers in five Romanian cities will have the opportunity to see the film in preview, in the presence of some team members, during special screenings scheduled for December. The film will be projected in Timișoara (Cinema Studio, December 6), Târgu-Jiu (Cinema City, Shopping Mall, December 7), Craiova (Cinema Inspire, Electroputere Mall, December 10), Brașov (Cinema One, December 12), and Bucharest (Cinema City AFI Cotroceni, December 8 | Cinema Elvire Popesco, December 13 and 14).
“For a decade, I collected fragments from a childhood spent in the countryside, hundreds of real stories explored in Eastern Europe, the delightful humor born out of hardship, endless hours of exploration and improvisation together with a miracle team. [...] Although the story captures complex social events, the film does not judge, but invites us to explore a collection of distinct perspectives, with great tenderness,” said director Ioana Mischie.
Filming took place in the picturesque region of the Apuseni Mountains. The film is also the first green production in Romania, using resources, sets, and objects according to an innovative industry methodology designed to reduce the carbon footprint and promote sustainable practices in filmmaking.
The film, an Italian-Romanian co-production, will officially enter the program of cinemas nationwide starting January 26, 2026.
(Photo source: press release)
Producer Ada Solomon has been elected chair of the board of the European Film Academy, marking the highest level of representation the Romanian film industry has achieved within the institution. Solomon was chosen by more than 5,400 Academy members across Europe, according to the official announcement.
Dutch producer Leontine Petit and French producer Matthieu Darras were elected deputy chairs, and the new two-year leadership term will begin on January 1, 2026. The president of the Academy remains Juliette Binoche.
Ada Solomon has served as deputy chair of the board for the past six years and was previously a full board member. A member of the European Film Academy since 2011, she is the first Romanian woman to hold a leadership role within the board.
“Being part of the European Film Academy board for a decade now, I took the responsibility to promote excellence in filmmaking in all the diversity of the European cinematic voices, but also to put the spotlight on the less visible ones – the smaller territories, the underrepresented forms of cinema, the crews behind the camera. It is a time of change, and I am ready to take the challenge knowing that I am backed up by the great executive team of the Academy and the amazing people in the board of the European Film Academy, and especially the newly elected deputy chairs: Leontine Petit and Matthieu Darras,” said Ada Solomon.
The complete list of board members is available on the official website of the European Film Academy - here.
With a career spanning more than 25 years, Ada Solomon has received multiple European distinctions, including the Eurimages Co-Production Award, the Central European Initiative Award, and the APA Excellence Award. She has produced or co-produced nearly 100 films - fiction features, documentaries, and shorts - distributed in over 50 territories. She is also a nine-time Gopo Award winner for Best Film and remains active in several European and Romanian industry organisations.
Her body of work includes acclaimed titles such as Bad Luck Banging or Loony Porn (Radu Jude, Berlinale Golden Bear), Child’s Pose (Călin Netzer, Berlinale Golden Bear), Toni Erdmann (Maren Ade, European Film Award for Best Film, Oscar nominee), Do Not Expect Too Much from the End of the World (Radu Jude) and The New Year That Never Came (Bogdan Mureșanu).
In 2025, Solomon’s latest production, Sorella di Clausura by Ivana Mladenović, screened at major festivals including Locarno, Sarajevo, and Gijon.
She has also collaborated as line producer on international projects such as Franco Zeffirelli’s Callas Forever and the German box-office hit The Three Investigators and the Legacy of the Dragon.
Founded in 1989 by Ingmar Bergman and a group of leading European filmmakers, the European Film Academy promotes the interests of the continent’s film industry. Its leadership has included Wim Wenders, Agnieszka Holland, and, since 2024, Juliette Binoche.
irina.marica@romania-insider.com
(Photo source: press release; by Adi Bulboacă)
Romania's iconic rock singer Adrian Pleșca, known as “Artan,” died on Tuesday, December 2, after a fatal stroke, at the age of 64. The artist founded the well-known band “Timpuri Noi” in 1982 and “Partizan” in 2001, and was popular on the Romanian rock scene. Over the years, he left and returned to the two bands.
Several of his former collaborators posted messages of condolence following his passing, and the band posted a mourning image of the singer. “It is very hard for us… Smooth journey, good soul, dear colleague,” the bandmates wrote.
Rumors of Artan’s bad health had surfaced earlier. Before his death, other members of “Partizan” referred to “possible health problems that have appeared recently” that affected Adrian Pleșca.
Alin Dincă, the vocalist of the band Trooper, another popular Romanian rock band, sent a message on his Facebook page commemorating Artan’s passing. “Smooth journey… Pleșca Adrian. The light has gone out,” Dincă wrote.
Similar messages were conveyed by writer Vasile Ernu and folk singer-songwriter Maria Gheorghiu, among many others.
Born in 1961, Artan studied violin, piano, and bass as a child, encouraged by his father, a music teacher. He graduated from the Politehnica University of Bucharest (Faculty of Metallurgy, 1981–1989), according to Digi24.
Between October 1981 and February 2001, he sang with the band that made him famous, “Timpuri Noi,” which he founded together with his childhood friend Răzvan Moldovan. The band reached its peak in the ’90s. On May 28, 2010, Adrian Pleșca performed his last concert with “Timpuri Noi,” and in August 2010, he returned to the music scene with the band “Partizan” after a four-year break.
Last month, the artist was accused of harassment against an 18-year-old woman in a club in Bucharest. Adrian Pleșca stated on Facebook that he regrets what happened and asked forgiveness from those affected by his behavior.
(Photo source: Partizan on Facebook)
The 33rd edition of Concerto di Natale, held on December 13, 2025, at the Auditorium Conciliazione in Rome, will feature Romanian artists Stephanie Radu and Alin Stoica. The concert, a Christmas emblem, brings artists from all over the world before the international public.
Soprano Stephanie Radu will perform two special moments, namely “Regalo di Natale,” her award-winning composition, and “Gesu Bambino,” performed as a duet with the celebrated tenor Alin Stoica. The two pieces will come to life alongside the Orchestra Italiana del Cinema, under the baton of maestro Adriano Pennino, and the children’s choir Piccolo Coro Le Dolci Note.
Stephanie Radu has performed in over 30 countries, becoming a distinguished cultural ambassador of Romania. Winner of over 400 awards in classical singing competitions, light music, ballet, and piano, the artist stands out through her versatility and interpretive discipline.
In 2024, Stephanie Radu won the Award for Vocal Technical Mastery at the “Concorso di Natale.” Her piece, “Regalo di Natale,” was first among the top 16 semi-finalists, then the top 8 finalists, and finally among the 4 winning pieces of the edition.
“Performing at the Concerto di Natale is not only a crowning of my work, but a return to essence, where music becomes prayer and emotion takes form. To be one of the voices of this edition is an artistic blessing, and Rome remains the city that opened my heart and unknowingly wrote a chapter of my destiny,” she said.
Tenor Alin Stoica, Stephanie Radu’s stage partner in the duet “Gesu Bambino,” is one of the most respected and sought-after male voices of the moment. He appeared with great success at the Concerto di Natale two years ago and was later invited to the prestigious Concerto dell’Epifania.
Stoica is the principal soloist of the Bucharest National Opera and the only Romanian tenor to win the “Luciano Pavarotti” award, a distinction that places him in the world elite of classical music performers.
As is customary for the Concerto di Natale, on December 13, the artists, organizers, and sponsors will be received in a private audience by Pope Leo XIV.
The Christmas concert will be broadcast in prime time on December 25 on the Italian channel Canale 5, one of the most-watched programs in Italy, and will later be available on affiliated international platforms.
(Photo source: press release)
Romania’s Electric Castle was named ‘International Festival of the Year’ at the 20th edition of the UK Festival Awards. The Romanian event triumphed over major international contenders, including Afro Nation (Portugal), Beyond The Valley (Australia), Open’er Festival (Poland), Sziget Festival (Hungary), and Way Out West (Sweden), News.ro reported.
Winners at the UK Festival Awards are selected primarily by an industry jury, which evaluates festivals across categories such as organisation, production quality, sustainability programmes, lineup strength, and overall audience experience. Only one category recognises international festivals.
“Turns out thousands of you screaming in a field does get international recognition. Electric Castle is the International Festival of the Year at the UK Festival Awards,” organizers said on the festival’s Facebook page.
Electric Castle is now preparing its 2026 edition, scheduled for July 16–19, 2026, in Bonțida, with The Cure and Twenty One Pilots already announced as headliners. Starting Wednesday, fans can purchase passes through a new instalment plan, with a EUR 10 advance and final prices of EUR 169 for a General Pass and EUR 139 for a Youth 21 Pass, payable in three instalments. The offer is available for a limited time.
Electric Castle is also nominated for Best Major Festival at the upcoming European Festival Awards, with winners set to be announced in January 2026.
irina.marica@romania-insider.com
(Photo source: Facebook/Electric Castle)
The wooden church from the village of Oncești, one of the oldest monuments in the heritage of the Maramureș Village Museum “Mihai Dăncuș” in Sighetu Marmației, has been restored. The church has now returned to the tourist circuit through the support provided by the US Ambassadors Fund for Cultural Preservation, in a project coordinated by the US Embassy in Romania.
The completion of the cultural project was announced on Wednesday, December 3, during an event attended by the museum administration, the mayor of Sighetu Marmației, Vasile Moldovan, and the public affairs officer from the US Embassy, Alys Spensley.
The restoration was supported by a grant of USD 95,000. The project funded the repair work and preserved the church’s historic structure, but also improved the museum’s exhibitions.
“The church is among the most important heritage assets. It was brought into the museum in 1974, and since then, no conservation intervention has taken place. The church was built at the beginning of the 17th century, and it has withstood time well, and the recently completed works will restore its value. We intend to reintroduce it into the county’s tourist circuit and also to allow religious services to be held inside,” said director of the Maramureș Village Museum, Mirela Ana Barz, cited by Agerpres.
“Today’s event is not just about a beautifully restored monument, it is about reaffirming the values that guide the United States and inspire our public diplomacy work around the world and here in Romania: protecting cultural heritage and promoting the fundamental American belief in freedom of religion, an essential expression of freedom of speech,” Spensley said.
The US Ambassadors Fund for Cultural Preservation was established in 2000 and is administered by the Bureau of Educational and Cultural Affairs of the US Department of State. Through this program, the United States has supported the preservation of historic sites, museum collections, and traditional forms of cultural expression in over 130 countries.
Since 2002, the fund has supported 15 projects in Romania, offering grants for the restoration of historic buildings, the conservation of museum collections and synagogues, the protection of fortified churches, the documentation of traditional crafts, and the safeguarding of archaeological artifacts.
(Photo source: U.S. Embassy Bucharest on Facebook, Varga Mark)
In Bucharest:
Gaudeamus book fair
December 3 - December 7
Hundreds of events are scheduled as part of the bookfair, one of Bucharest’s two main ones. The fair takes place at Romexpo, Pavillion B2. More here.
Bucharest Christmas Market
November 29 - December 28
Held in the city's Constituției Square, the event will have a 30-meter-high Christmas tree, Santa Claus's House and a Ferris wheel, in addition to numerous stalls with season products.
Bucharest Downtown Christmas Market
November 29 - December 28
University Square hosts this event featuring a special culinary pop-up for the holidays, a Christmas tree, a carousel, and various light installations.
Bucharest Opera Christmas Market
December 6 – December 28
The esplanade of the Bucharest turns into a festive space, hosting classical music performances, recitals, concerts, a variety of workshops, and many other events.
Art Safari
Until December 14
The event, held at Dacia-Romania Palace, encompasses five exhibitions exploring the work of Theodor Pallady, the story of George Enescu or Japanese design. Further info here.
Concerts @ George Enescu Philharmonic
December 4, 5
Gabriel Bebeșelea conducts the George Enescu Philharmonic Orchestra for a program of works by Dinu Lipatti and Wolfgang Amadeus Mozart. Pianist Mihai Ritivoiu and flutist Joidy Blanco are the soloists. More here.
RomanIa- Identity Representation of Traditional Dress in Art
Until February 8
The exhibition, scheduled to open at the National Museum of Art of Romania (MNAR) on November 21, will showcase various depictions of the traditional Romanian blouse ia as captured in painting, sculpture, drawing, photography, installation, film, music, posters, and more. Among the works included in the exhibition are several by Henri Matisse, including the iconic La Blouse Roumaine, part of the permanent collection of the Centre Pompidou in Paris. More here and here.
Flying Carpets - Thomas Ruff & Transylvania & Anatolia
Until February 28
The exhibition “reveals the collision between tradition and modernity, between local and global, the fusion of seemingly irreconcilable values, so relevant to our hybrid present.” More details here.
József Klein and the Baia Mare Art School
Until February 28
The exhibition includes a wide selection of paintings, drawings, sculptures and documents, mostly from the painter's studio and from the Baia Mare County Museum of Art, the National Museum of Art of Romania, the Satu Mare County Museum, the Art Museum in Cluj, the Center for Culture, Art and Leisure in Târgu-Mureș, but also from private collections in Budapest and Paris. More here.
Memories and Prophecies
Until January 31
This group exhibition gathers works by six artists represented by Gaep, namely Răzvan Anton, Théo Massoulier, Tania Mouraud, Damir Očko, Cătălin Pîslaru, and Mihai Plătică, alongside two invited artists – Roberta Curcă and Vlad Nancă. More details here.
The Art of the Game
Until March 1
The event in dedicated to video games and related arts opens at ARCUB, with a weekend full of events dedicated to both professionals in the video game industry, but also to the general public. More details here.
St Nicholas Fair
December 5 – December 7
This crafts fair, marking the St Nicholas celebration, takes place at the Romanian Peasant Museum. More details here.
IWA Charity Christmas Bazaar
December 7
The event, held at the National Library of Romania, will have a program of traditional music, dance, and performances, in addition to varied country stands, selling traditional food and unique gifts. The proceeds support charitable causes. More details here.
In the country:
Decentralized Games
Until December 6
The exhibition brings into dialogue two emblematic artists who defined the visual modernity of 1960s Timișoara: Roman Cotoșman and Molnár Zoltán. More here.
In the country:
Decentralized Games
Until December 6
The exhibition brings into dialogue two emblematic artists who defined the visual modernity of 1960s Timișoara: Roman Cotoșman and Molnár Zoltán. More here.
Sibiu Christmas Market
November 14 – January 4
The event turns Sibiu’s Grand Square into a fairytale setting, with dozens of beautifully decorated stalls where visitors can find gifts and traditional culinary delights.
Craiova Christmas Market
November 14 – January 4
Several squares in the city will host events of the market, which takes place under the theme of the Nutcracker. The concerts are held in Frații Buzești Square, on Fridays and Saturdays.
Cluj Christmas Market – Planet Christmas
November 21 – January 1
The event is held in the city’s Unirii Square, promising surprises for both children and adults, concerts and other shows.
Oradea Christmas Market
November 28 – December 26
Oradea residents can head to the city's Unirii Square and Ferdinand Square for carols, traditional winter treats, festive concerts, and meetings with Santa Claus.
Brașov Christmas Market
November 30 – January 11
Focused on community, tradition, and authenticity, the event takes place in three areas of the city, namely the Council Square, Saint John Square, and the Rectorate area.
Iași Christmas Market
November 30 – January 5
Several spots alongside the Bd. Ștefan cel Mare – Piața Unirii – Str. The Lăpușneanu axis will host events and offer the city's residents the opportunity to purchase decorations, gifts, hot drinks, and traditional dishes.
Timișoara Christmas Market
November 30 – January 7
The city’s Victoriei Square and Sf Gheorghe Square will be the place to experience the magic of the winter holidays, while the little train will return to the city streets for those who want to enjoy a festive ride and sing along to lots of carols.
(Photo: Catarii | Dreamstime.com)
editor@romania-insider.com
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Toate școlile din municipiul Câmpina ar urma să fie închise marți, 2 decembrie, după ce orașul se află de peste 48 de ore fără apă potabilă și menajeră. Propunerea a…Tragerea la sorți a grupelor Campionatului Mondial 2026 a avut loc vineri seara la John F. Kennedy Center for the Performing Arts din Washington, transmite Mediafax. România, dacă va trece de play-off, va juca în grupa D. Meciul de deschidere a Cupei Mondiale este Mexic-Africa de Sud. România a fost repartizată în grupa D, în […]
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Pe 6 decembrie, românii îl sărbătoresc pe Sfântul Nicolae, unul dintre cei mai respectați sfinți ai creștinătății, cunoscut pentru bunătatea, milostenia și credința sa neclintită, scrie Mediafax.ro Figura episcopului din Mira a devenit un simbol al protecției și generozității, motiv pentru care această zi este asociată cu daruri, speranță și gesturi de caritate. Pentru cei […]
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Procurorul adjunct al Curţii Penale Internaţionale (CPI), Mame Mandiaye Niang, a criticat ferm vineri sancţiunile americane, afirmând ca acestea îi asimilează de facto pe înalţii oficiali ai instanţei cu „teroriştii şi traficanţii de droguri”, relatează AFP, transmite Agerpres. La fel ca alţi înalţi magistraţi ai instanţei cu sediul la Haga, Mame Mandiaye Niang, în vârstă […]
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Comisia Europeană va încerca să accelereze construcţia reţelelor electrice transfrontaliere, avertizând că anii de investiţii insuficiente şi planificarea fragmentată cresc facturile la energie, transmite Bloomberg, transmite Agerpres. Potrivit unui proiect de document consultat de Bloomberg, Executivul comunitar ar urma să propună săptămâna următoare o accelerare a proiectului intitulat „Autostrăzi energetice” pentru a îmbunătăţi eficienţa reţelelor […]
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Preşedintele PNL, premierul Ilie Bolojan, a transmis vineri un mesaj la finalul campaniei electorale pentru Primăria Generală, arătând că o Capitală bine administrată înseamnă un oraş care se dezvoltă şi o ”locomotivă” pentru ţara noastră, relatează Agerpres. ”Duminică e un vot din primul tur, nu sunt două tururi, şi fiecare vot va fi important. De […]
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A market first: Allianz-Țiriac Asigurări acquires Campion Broker and will support its future growth plans Allianz-Țiriac Asigurări and Campion Grup, owner of one of Romania’s largest insurance brokerage companies, have signed an agreement under which the insurer will acquire the entire shareholding of Campion Broker. The transaction, a first......
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Antique Market III and the Christmas Gift Fair Opened Today at ROMEXPO Today, December 4, Antique Market III and the Christmas Gift Fair opened at ROMEXPO—two complementary events dedicated to those looking for objects with a story, authentic pieces, and inspired gifts for the winter season. For four days, Pavilion...
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Aviziero launches a new stage of its intelligent platform for homeowners’ associations – free for the first 12 months Aviziero, one of the pioneers of digitalizing the management of homeowners’ associations in Romania, announces a new stage in the development of its intelligent software, designed to simplify accounting and operational......
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Bitcoin back below $90,000. Klarna launches its USD stablecoin Bitcoin has dipped on Monday morning is currently back below $90,000, with liquidations of long perpetual futures positions being cited as the reason for the fall. The dip could be short lived however, as markets have been gaining momentum recently due...
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Bucharest Stock Exchange introduces the Corporate Governance Committee Bucharest Stock Exchange introduces its Corporate Governance Committee, strengthening its governance structure in line with updated regulatory provisions. The Committee will support the implementation and monitoring of the revised 2025 Corporate Governance Code, helping issuers enhance transparency, accountability and governance practices. The...
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The Franco-Romanian “Women in Economy” Gala, held on December 1, 2025, in the Grand Hall of the Paris City Hall, marked another European first for CONAF, showcasing the confederation’s ability to expand a Romanian project to a continental format. The Paris edition took place at a particularly significant moment for...
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CONAF semnează încă o premieră la Paris – Gala franco-română „Women in Economy”: 10 trofee de excelență și unul special Gala franco-română „Women in Economy”, organizată pe 1 decembrie 2025 în Sala Mare a Primăriei Paris, reprezintă încă o premieră europeană pentru CONAF, confirmând capacitatea confederației patronale de a extinde un proiect românesc într-un format continental. Ediția din Paris...
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Chocolate is still expensive despite cocoa prices plummeting With the Winter holidays approaching, chocolate will be part of the gifts that people will find in their boots or under the tree this month. But this year, it will be more expensive for St. Nicholas and Santa to bring it. While...
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Colliers: Romania surpasses the 5 million square metres threshold of modern retail space Romania’s modern retail market continues to expand, exceeding the threshold of 5 million square metres of leasable retail space in 2025, according to Colliers data. The approximately 190,000 square metres delivered this year have further consolidated a......
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Digital Press Briefing: BG Curtis King, Commanding General, 10th Army Air and Missile Defense Command and COL Christopher Hill, Sr., Director, Global Tactical Edge Acquisition Directorate (GTEAD) MODERATOR: So good afternoon everyone from the State Department’s European Regional Media Center, or the Brussels Hub. I would like to welcome everyone......
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Economic Optimism Edges Down and Company Outlook Improves, AICPA and CIMA Survey Finds – Hiring outlook remains stable – Company outlook improves to 41% from 37% – Economic optimism slips from 34% to 28%, domestic conditions and inflation top concerns Business executives report lower optimism about the U.S. economy......
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Euroccoper: 5% of net profit distributed to employees Euroccoper, a Romanian company with Italian capital, specialized in customs activities and integrated logistics, announces an initiative that transforms it into one of the first companies in Romania to adopt a model of direct profit redistribution in favor of its own employees:...
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Fabrica de Profile strengthens its management team by appointing Valentin Ivănescu as CEO Fabrica de Profile (FDP), one of the most important Romanian producers of decorative profiles, architectural details and design solutions for both interior and exterior spaces, appoints Valentin Ivănescu as Chief Executive Officer (CEO), marking a new stage......
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Fondul Proprietatea expresses deep disappointment after rejection of corporate governance proposals at CNAB General Shareholders Meetings Franklin Templeton International Services S.À R.L., Bucharest Branch, acting as Sole Administrator and Alternative Investment Fund Manager (AFIA) of Fondul Proprietatea SA (“the Fund”), expresses its profound disappointment following the recent General Shareholders......
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Foreign Minister Oana Țoiu Participates in the OSCE Ministerial Council in Vienna Oana Țoiu, Minister of Foreign Affairs, is attending the 32nd meeting of the Ministerial Council of the Organization for Security and Co-operation in Europe (OSCE), taking place in Vienna on 4–5 December 2025. The event is being held......
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Gold investments in Romania: digital gold, physical gold and gold ETFs – what investors need to know Physical investment gold is the only fully regulated gold investment in Romania International trends confirm rising interest in gold-backed financial products In October 2025, gold ETFs recorded worldwide net inflows of 8.2......
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Greenvolt Next delivers 4MW solar farm for Sanofi in Ireland Greenvolt Next develops a 4 MW solar PV plant for global biopharmaceutical company Sanofi in Waterford, Ireland. The project is already in operation, generating nearly 3.2 GWh of renewable electricity per year and enabling the avoidance of around 950 tonnes...
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Historical Discovery for the Christian world in İznik, Türkiye By Mihai Manea – Travel Journalist & Storyteller at Nine O’Clock One of the most important recent discoveries from the Early Christian period was unearthed in the district of İznik, Bursa, in the southern Marmara region of Türkiye. A unique tomb chamber...
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Liziera de Lac has now the first robotic store in the country, 100% Romanian and available 24/7 The residential complex strengthens its mix of premium facilities by integrating an automated shopping service for residents The first robotic store in the country and available 24/7 was inaugurated in Liziera de Lac,...
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MET Analysis: What should energy markets expect from this winter? Specialists expect this winter to be warmer (by 1.0 to 1.5 degrees Celsius) than last winter – with lower gas demand, both in Europe and in Asia. In Romania, the first ANM forecast indicates a winter season starting with...
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The representatives of the Government of Romania attended today, in Vienna, a meeting with members of the “Romanian Business & Innovation Platform Austria”, held as part of a dialogue aimed at strengthening economic cooperation between Romania and the Republic of Austria. Attending the discussions were: the Minister of Foreign Affairs,......
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Meeting of the Minister of Foreign Affairs, Oana Țoiu, with Thomas Lenk, Special Representative of the OSCE Chairperson-in-Office for the Transnistrian Settlement Process In the context of her participation in the meeting of the Ministerial Council of the Organization for Security and Co-operation in Europe (OSCE), held in Vienna on......
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Nearly 1 billion euros could reach children and parents from disadvantaged backgrounds for health and education programs Each year, less than 10% of companies direct 20% of their corporate income tax to non-governmental organizations. If all companies used this mechanism, the total amount would exceed 900 million euros, funds that......
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Nhood Romania strengthens management team with the appointment of Mihaela Petruescu as Country Director for Property Services Romania & Poland Nhood, an integrated real estate services and solutions company present in 10 European countries, including Romania, has appointed Mihaela Petruescu as the new Country Director for Property Services Romania......
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Nine O’Clock most important news in brief on Thursday, December 4, 2025 Bucharest Stock Exchange introduces the Corporate Governance Committee: https://nineoclock.ro/2025/12/04/bucharest-stock-exchange-introduces-the-corporate-governance-committee/ Prime Minister Ilie Bolojan’s official visit to Austria: https://nineoclock.ro/2025/12/04/prime-minister-ilie-bolojans-official-visit-to-austria/ Colliers: Romania surpasses the 5 million square metres threshold of modern retail space: https://nineoclock.ro/2025/12/04/colliers-romania-surpasses-the-5-million-square-metres-threshold-of-modern-retail-space/ Digital Press Briefing: BG Curtis King,...
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Nine O’Clock most important news in brief on Wednesday, December 3, 2025 Chocolate is still expensive despite cocoa prices plummeting: https://nineoclock.ro/2025/12/03/chocolate-is-still-expensive-despite-cocoa-prices-plummeting/ Bitcoin back below $90,000. Klarna launches its USD stablecoin: https://nineoclock.ro/2025/12/03/bitcoin-back-below-90000-klarna-launches-its-usd-stablecoin/ Fabrica de Profile strengthens its management team by appointing Valentin Ivănescu as CEO: https://nineoclock.ro/2025/12/03/fabrica-de-profile-strengthens-its-management-team-by-appointing-valentin-ivanescu-as-ceo/ Nhood Romania strengthens management team...
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North Bucharest Investments has been honored at the CIJ Awards 2025 with the Best Residential Real Estate Agency of the Year distinction — a recognition of the company’s performance, dedication, and strong positioning within Romania’s high-end residential market. Vlad Musteață, Founder & CEO, North Bucharest Investments: “This award is about...
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North Bucharest Investments a fost premiată în cadrul Galei CIJ Awards 2025 cu distincția Best Residential Real Estate Agency of the Year, o recunoaștere a performanței, dedicării și poziționării solide în piața rezidențială high-end din România. „Premiul acesta este despre oameni. Despre cei care aleg în fiecare zi să creadă...
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Numismatic issue dedicated to The Centennial of Marin Constantin, the founder of the Madrigal Choir As of 8 December 2025, the National Bank of Romania will put into circulation, for numismatic purposes, a coppered tombac coin dedicated to The Centennial of Marin Constantin, the founder of the Madrigal Choir. The coin has the following......
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Numismatic issue: special sheet consisting of four banknotes with face value of lei 20 Starting 1 December 2025, the National Bank of Romania launches, for numismatic purposes, a special sheet consisting of four banknotes with face value of lei 20. Each special sheet contains four banknotes with face value of......
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Prime Minister Ilie Bolojan met with the Prime Minister of Hungary, Viktor Orban Prime Minister of Hungary, Viktor Orban: Had a very productive meeting today with Prime Minister Ilie Bolojan in Budapest today. Among other topics, we discussed ways to strengthen the cooperation between our countries in the field of......
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Prime Minister Ilie Bolojan’s official visit to Austria Speeches by Prime Minister Ilie Bolojan and the Federal Chancellor of Austria, Christian Stocker, at the reception hosted by the Embassy of Romania in Vienna to mark the National Day: Ilie Bolojan, Prime Minister of Romania: Mr. Chancellor, Distinguished guests, Dear Romanians,......
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Romania Takes Over the Presidency-in-Office of the Central European Initiative (CEI) for 2026 On 26 November 2025, in Belgrade, the meeting of foreign ministers from CEI member states took place, organized by Serbia as the CEI Presidency-in-Office.The event was held under the theme Strengthening the region through connectivity, innovation, and......
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The Chief of Defence Staff received the visit of his Turkish counterpart The Chief of Defence Staff, General Gheorghiță Vlad, had a meeting with his Turkish counterpart, the Chief of the General Staff of the Armed Forces of the Republic of Turkey, General Selçuk Bayraktaroğlu, who is paying an......
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The Phenomenon “Băieți de oraș: Golden Boyz” Hits the Big Screens in 2026 In 2026, one of the most beloved comedies of the past decade will finally arrive in cinemas: “Băieți de oraș: Golden Boyz”, a feature film directed by Mihai Bendeac, with its Romanian premiere scheduled for February 6,...
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The contract for the acquisition of the HISAR Class Corvette from the Republic of Türkiye has been signed The signing ceremony of the intergovernmental contract for the acquisition of the HISAR class corvette from the Government of the Republic of Türkiye took place on Wednesday, December 3rd, at the......
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The “Women in Economy” Gala Arrives in Paris • December 1, 2025, Hôtel de Ville – Paris: CONAF, together with the Embassy of Romania in the French Republic, the Consulate General of Romania in Paris, and with the support of the Permanent Delegation of Romania to UNESCO, the Romanian Cultural...
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Today’s edition of The digital replica of the printed Nine O’Clock newspaper – No.8240 dated Wednesday, 03 December 2025 Leonardo Badea, First Deputy Governor of the National Bank of Romania: Fiscal policy and financial stability in the current context Prime Minister Ilie Bolojan’s message on December 1, National Day of...
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U.S. Embassy and Maramureș Village Museum Celebrate Completion of Wooden Church Restoration Project in Sighetu Marmației By Nine O’Clock on December 3, 2025 The U.S. Embassy in Bucharest and the Maramureș Village Museum “Mihai Dăncuș” are pleased to announce the successful completion of the restoration project for the museum’s historic...
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U.S. Secretary of State Marco Rubio Sends National Day Message to Romania On the occasion of Romania’s National Day, U.S. Secretary of State Marco Rubio issued a message congratulating the Romanian people and highlighting the growing strength of the partnership between the two countries. In his official statement, Rubio......
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US companies outshine the European ones in both earnings and revenue growth After a promising start to the year, European companies are once again lagging behind their US counterparts, mainly due to the gap in the technology sector. The third quarter earnings season revealed a stark contrast between the performance...
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Vodafone and the Vodafone Foundation Donate Equipment Worth EUR 150,000 to Salvamont Romania • The donation includes a complete kit — an aerial intervention drone equipped with AI and thermal imaging — for every county and local public Salvamont service in Romania.• Salvamont Romania already uses more than 150 aerial...
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1 decembrie 2025, Hôtel de Ville – Paris: CONAF, alături de Ambasada României în Republica Franceză, Consulatul General al României la Paris și cu sprijinul Delegației Permanente a României pe lângă UNESCO, Institutului Cultural Român din Paris, Cercului profesioniștilor români din Franța, Primăriei Paris, reprezentanței CONAF Franța și Institutului Național...
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eMAG Celebrates 24 Years of Innovation in Ecommerce: One in Two Online Shoppers in the Region Is an eMAG Customer • Since the launch of eMAG Marketplace in Bulgaria and Hungary, Romanian entrepreneurs have exported products worth approximately 2 billion lei• Card payments on eMAG have grown from under 0.1%......
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The European Commission has approved, under the EU Merger Regulation, the acquisition of sole control over ArcelorMittal Tubular Products Iași (AMTP Iași) by Metinvest B.V. of the Netherlands, part of the Ukrainian steel and mining group owned by Rinat Akhmetov, New Voice of Ukraine reported last week. Metinvest has also submitted an offer for the takeover of the Liberty Galați steel plant, Romania’s largest steel producer.
The deal concerns the production of small welded carbon steel pipes and was assessed under the Commission’s simplified merger procedure. Brussels concluded that the transaction does not raise competition concerns due to the limited combined market share of the companies involved.
ArcelorMittal Tubular Products Iași is a relatively small producer of welded pipes and hollow sections. For Metinvest, which previously operated significant welded pipe capacity at the now-destroyed Ilyich Iron and Steel Works in Mariupol, the Romanian asset provides an opportunity to rebuild and extend its value chain into finished tubular products inside the EU.
Metinvest already owns several rolling mills in the EU, including Promet Steel in Bulgaria, Trametal and Ferriera Valsider in Italy, and Spartan UK in Britain. Earlier this year, the group launched a new steel mill project in Piombino, Italy, in partnership with engineering firm Danieli.
According to NV Business, the acquisition of AMTP Iași may represent the first stage of a broader expansion strategy in Romania, where Metinvest is also seeking to acquire the Liberty Galați plant.
iulian@romania-insider.com
(Photo source: Vichaya Kiatyingangsulee/Dreamstime.com)
Alt.Real and RongoDesign have been named the winners of the 2025 Romania ClimAccelerator in the Seed Stage category, the organizers announced. The program is dedicated to supporting early-stage climate-focused startups.
This year’s accelerator selected 25 startups split between two tracks: 10 in the Pre-Seed Stage for early teams with a validated idea and 15 in the Seed Stage for companies with a working prototype.
The Seed Stage finalists presented their solutions during Demo Day on November 17 in front of an audience of investors, partners, and representatives of the local innovation ecosystem. In an exceptional decision, two winners were chosen.
Alt.Real is developing an integrated ecosystem aimed at speeding up the transition to green energy by combining digital tools, education, and technical expertise to support the adoption of safe and efficient solar systems in homes and SMEs. The startup aims to become a leader in decentralized energy communities where households, businesses, and institutions produce and exchange renewable energy locally.
RongoDesign creates sustainable materials from mycelium using agro-industrial waste to offer natural alternatives to plastic and polystyrene. The company also won the 2025 edition of the “Românii sunt Antreprenori” competition.
Startups were evaluated based on six criteria: problem definition, innovation, market potential, business model, team competencies, and expected social, economic and environmental impact.
Each winner received a place in the six-month Startup Impact Lab program, free access to Impact Hub Bucharest events, and an extended promotion package. They will also benefit from coworking space access, mentorship sessions, and priority entry to future accelerator programs.
The audience award went to Verde CBD Pharma, whose founder, Ciprian Boboia, presented prefabricated hempcrete panels designed to replace brick or concrete blocks in sustainable home construction.
irina.marica@romania-insider.com
(Photo source: press release)
The European Bank for Reconstruction and Development (EBRD) is lending up to EUR 29.9 million to the Romanian city of Brasov to finance energy efficiency upgrades in public buildings, initiating the city’s participation in the Bank’s flagship EBRD Green Cities programme.
The Bank’s investment will fund the renovation of up to 20 public buildings, including educational and administrative facilities. The renovations will include measures such as thermal insulation and structural improvements, installation of heat pumps, and upgrades to building systems to improve their energy and resource efficiency.
With this project, Brasov becomes the seventh Romanian city to join EBRD Green Cities, which helps cities identify and address their urban development challenges.
As a next step, the Bank will help Brasov develop its Green City Action Plan, which will set out priorities for future green investments and policies to address the city’s most pressing climate and environmental concerns.
iulian@romania-insider.com
(Photo source: Sorin Colac/Dreamstime.com)
George Smyth, 18, went missing on a hike near Romania’s famous Bran Castle more than a week ago. On November 23, the British citizen started to suffer from hypothermia and exhaustion and called the emergency services.
Trying to locate him, mountain rescue services conducted searches over the next few days but were only able to locate his backpack. Inside were equipment and supplies.
“The backpack had quite a lot of equipment in it, including a sleeping bag and a tent. My colleagues even found food all around. So we don’t understand what happened and where he could have gone,” said Sebastian Marinescu, director of Salvamont Brasov, cited by The Independent.
Last Friday, November 28, Salvamont Brasov made George Smyth’s image public and asked for information at the request of his family. The young man had recently started studying at the University of Bristol, and his mother, Jo, flew to Transylvania to support the search for her son.
According to his family, he left without telling anyone that he was hiking alone. Rescuers say he set off from the Poiana Brasov neighbourhood and started hiking towards Bran, a village known for its castle suggested to be the home of Dracula. However, he reached Tiganesti Valley, where he made the call to rescue teams.
Another search party, including 20 mountain rescuers, was mobilized to look for the boy over the weekend. However, snow of up to 2 meters delayed the search. Thermal imaging cameras, sniffer dogs, and a Black Hawk helicopter were used by rescuers to reach inaccessible parts of the mountain.
"Despite sustained efforts, he has not been located so far, although search operations have been carried out daily, with resources constantly adapted to the conditions in the field,” Salvamont Brasov said.
(Photo source: Salvamont Brasov on Facebook)
Romania’s modern retail market has surpassed 5 million square metres of leasable space for the first time, following the delivery of roughly 190,000 sqm in 2025, according to new data released by Colliers. Despite the milestone, consultants noted that Romania still trails regional peers in retail space per capita, signalling strong potential for further development.
Moreover, the stock continues to be heavily concentrated in Bucharest and five other major counties, which together account for almost half of the national total.
“Achieving the 5-million-square-metre mark is an important milestone in the gradual maturation of Romania’s retail market, even though there is still considerable room for growth. At this level, we are talking about roughly 260 square metres per 1,000 inhabitants, compared with more than 400 square metres in countries such as Poland or the Czech Republic,” said Simina Niculiță, Director | Partner | Retail Agency at Colliers.
“At the same time, Romanians already consume more than their neighbours in Central and Eastern Europe and, in many cases, spend more in nominal terms. Salaries in Bucharest have already surpassed those in Budapest and are approaching levels seen in Warsaw,” she added.
This year, the average Romanian spent nearly EUR 800 on clothing and footwear, according to Oxford Economics - 25% more than a consumer in Poland and almost twice as much as one in Hungary. Niculiță attributed this to cultural preferences: “Romanians place significant importance on the image they project externally and are willing to pay to maintain it.”
In 2025, the market recorded around 190,000 sqm of newly delivered retail space, according to preliminary data.
The expansion was driven by several major projects, including the nearly 60,000 sqm extension of Mall Moldova in Iași, the reopening of Agora Arad after almost a decade, and further enlargements at Iulius Mall Suceava and Coresi Shopping Resort Brașov. Colliers also incorporated more than 150,000 square metres of refurbished older schemes into the national stock after international tenants renewed their presence.
The market remains highly concentrated, the same source said. Bucharest and surrounding areas account for nearly 1.3 million sqm, while five counties - Timiș, Iași, Bihor, Argeș, and Cluj - collectively add more than 1.1 million sqm. Together, these regions represent roughly half of Romania’s modern retail footprint.
“Even though these are among the country’s most populated counties with strong local economies, developers have noticed a shortage of modern retail space in many other areas. Smaller towns can also support compact retail parks, as recent years have shown. Looking ahead, however, we are seeing renewed interest in large-scale projects - either extensive retail parks or very large shopping centres - which will likely maintain the gap between well-represented counties and those with less developed retail offerings,” stated Simina Niculiță.
Colliers estimated that around 250,000 sqm of new retail space could be delivered in 2026. Among the largest announced projects are M Park Galați, a 30,000 sqm development by UK-based fund M Core, and a 25,000 sqm extension of Palas Mall Iași, owned by Iulius Group.
irina.marica@romania-insider.com
(Photo source: Vlad Ispas/Dreamstime.com)
The Conservation Carpathia Foundation has been awarded the Order of Merit of Germany for its long-term conservation work in Romania’s Făgăraș Mountains. Its executive directors, Barbara and Christoph Promberger, received the distinction from president Frank-Walter Steinmeier during an official ceremony held on December 1 at Schloss Bellevue in Berlin.
The ceremony honored 20 individuals whose work has had a significant impact across Europe, including projects focused on communities, intercultural dialogue, and environmental protection.
The foundation said its project to create the Făgăraș Mountains National Park, one of the largest efforts to restore and protect mountain ecosystems in Europe, was the basis for this distinction.
“Barbara and Christoph Promberger stand out for their exceptional contribution to the conservation of Romania’s forests and the unique biodiversity of the region. Through the Conservation Carpathia Foundation, they have purchased forests to protect them, work closely with local communities to create the Făgăraș Mountains National Park, and lay the groundwork for sustainable development at the regional level. More than 4.5 million seedlings have been planted thanks to the foundation’s work, and its social projects for local residents demonstrate the economic potential of responsibly managed forests,” reads the official motivation.
“The foundation plays an important role in monitoring and conserving bear, wolf, and lynx populations in the Carpathians, and by reintroducing other species, it brings the region closer to a fully restored fauna. At the same time, the couple strengthens cooperation between Romania and Germany, particularly with the Bavarian Forest National Park, facilitating the exchange of expertise among specialists.”
In a joint statement, Barbara and Christoph Promberger said they were honored to receive the award, calling it recognition not only of their work but also of all those involved in protecting the Făgăraș Mountains. They added that the distinction also reinforces international cooperation between Romania and Germany in conservation.
The Order of Merit, established in 1951 by president Theodor Heuss, is Germany’s highest civilian honor and acknowledges outstanding contributions to society, culture, science, the environment, and European cooperation. Previous Romanian recipients include Elie Wiesel, Andrei Pleșu, Mircea Eliade, George Emil Palade, and Ana Blandiana.
irina.marica@romania-insider.com
(Photo source: Facebook/Conservation Carpathia)
Real estate developer Globalworth has begun construction on Green Court D, the fourth building in its Green Court office complex in Bucharest’s Aurel Vlaicu area. Scheduled for completion in 2027, the project is now in its preliminary phase, which includes enclosure works and excavation for the basement structure, the company said.
The new building will provide around 16,500 square metres of modern office space across a ground floor and 11 upper levels, supported by three underground parking levels.
The company said Green Court D is set to become its most technologically advanced and energy-efficient building to date. The project has already secured a 30% pre-lease rate.
The building will incorporate a range of high-efficiency systems, including a geothermal installation with 19 wells drilled to 125 metres, heat pumps, air-cooled chillers with Free-Cooling and low-impact R1234ze refrigerant, and air handling units with advanced heat and humidity recovery.
It will also feature a 168 kWp photovoltaic system - the most powerful in the Globalworth portfolio - full LED lighting, EC-motor fan coils, and a surveillance system using video analytics.
The new building is set to achieve LEED Platinum certification, the standard of excellence for green buildings worldwide. At the same time, Green Court D is targeting WELL Health & Safety and Access4you certifications.
In the first half of 2025, Globalworth Romania invested about EUR 20 million in upgrades across its existing portfolio to increase efficiency, reduce emissions, and improve comfort for tenants.
irina.marica@romania-insider.com
(Photo source: press release)
Auction house Artmark announced a major auction for this winter featuring an engraving created by Francisco Goya, the most important Spanish artist of the late 18th and early 19th centuries. Romania's late communist leader Nicolae Ceaușescu received this gift from King Juan Carlos I as a gesture of diplomacy.
The engraving entitled “The Engagement – Capricho no. 57,” is part of the “Los Caprichos” (“The Caprices”) series. It was a personal gift received by communist dictator Nicolae Ceaușescu from the King of Spain, Juan Carlos I of Bourbon, around the years 1979–80.
Following the 1989 revolution, the engraving was transferred to the administration of the National Museum of Art of Romania. It was returned to the heiress, Zoia Ceaușescu, in 2012.
Another Eastern European leader, Josip Broz Tito, the former president of Yugoslavia, also received copies of the “Caprices” series from Enrique Galvan, president of the Spanish Socialist Party. The artworks are now held at the Museum of Yugoslavia in Belgrade.
The engraving auctioned by Artmark has a starting price of EUR 8,000. According to the auction house, “similar Goya works have been sold for tens of thousands of euros.” The auction is set to take place on Tuesday, December 16.
In the same Artmark auction, collectors also have access to works of Romanian art, such as a classic nude signed by Nicolae Grigorescu titled “At the Spring” and painted around the 1860s, with a starting price of EUR 50,000, as well as a painting signed by Nicolae Vermont, “Young Enescu in Recital” (1927), with a starting price of EUR 5,000.
In total, Artmark’s winter auction features 195 pieces by Nicolae Tonitza, Theodor Aman, Camil Ressu, Ștefan Luchian, Octav Băncilă, Samuel Mützner, Theodor Pallady, Ion Țuculescu, Corneliu Baba, Constantin Piliuță, Ștefan Câlția, Felix Aftene, and Adrian Ghenie.
(Photo source: press release)
The Environmental Guard issued RON 2.46 million (some EUR 483,000) in fines in 2025 as part of an intensified campaign to reduce air pollution in Bucharest and the surrounding Ilfov county, the institution announced. The measures followed repeated exceedances of legal particulate-matter limits and ongoing delays by local authorities in adopting mandatory air-quality strategies.
According to official assessments, road traffic is responsible for 58.4% of Bucharest’s air pollution, while residential heating contributes 27.4%, together accounting for more than 84% of PM10 emissions.
Inspectors focused their efforts on sectors and locations with the greatest impact on air quality, actions that the Environmental Guard described as complementing responsibilities that fall to local administrations.
Thus, the Environmental Guard conducted 108 inspections at industrial facilities, concrete plants, and construction sites in Bucharest. The controls resulted in 93 fines totalling RON 1.52 million for violations including failure to dampen dust on access roads, missing anti-dust netting, poor handling of materials and waste, and uncontrolled dust emissions.
In Ilfov county, inspectors checked 139 economic operators, such as construction sites, concrete factories, industrial installations, and real estate developments. Thirty-five of these operators were fined, with penalties amounting to RON 840,000.
The Environmental Guard said that it also carried out joint operations with police and gendarmerie units to identify and stop illegal waste burning, using drones to detect fire sources in areas including Vidra and Sintești.
Moreover, this year, the agency inspected the Bucharest City Hall after persistent pollution exceedances and a high number of complaints. The review found that the municipality had not completed the legally required Integrated Air Quality Plan, had no emergency measures prepared for pollution episodes, and faced major delays in creating the Green Space Register. For failing to implement previously ordered measures, the city administration received a RON 100,000 fine and was required to complete its strategic documents.
The Environmental Guard stressed that the absence of an updated Green Space Register limits the city’s ability to manage and protect its vegetation, plan the expansion of green areas, prevent uncontrolled land occupation, and link urban development policies with air-quality objectives. In a city where road traffic and residential heating drive most pollution exceedances, the agency warned that delays in this register directly affect public health.
irina.marica@romania-insider.com
(Photo source: Inquam Photos/Octav Ganea)
The HALO Events Center in Bucharest is set to open the largest event space in Europe equipped with a 360° panoramic LED display within the Romexpo complex. The new location is designed for large-scale, fully digitalized events, and it is the result of an EUR 4 million investment.
The venue has a maximum indoor capacity of 4,600 people and features three distinct halls: Glow LED 360, Orbix Lounge, and Nexus Hall. The halls can be customized based on the type of event (conference, product launch, cocktail, parties, etc.).
The total area is 2,371 sqm, to which an additional 2,000 sqm outdoor terrace will be added next year.
“The HALO Events concept started from a need identified in the local events market: Bucharest does not have enough versatile spaces capable of supporting diverse concepts,” said Mihai Cima, partner and founder of HALO Events.
The three halls of the HALO Events Center highlight minimalism and state-of-the-art technology. The focal point is the Glow LED 360° hall, equipped with a 465 sqm panoramic screen and a resolution of over 38 million pixels, similar to the technology used in Olympic Games stadiums, the company said.
HALO’s 360° panoramic LED system is the result of a Romanian entrepreneurial initiative.
(Photo source: Halo Events Center on Facebook)
Romanians have the highest level of trust in others in the European Union, according to the most recent Eurostat data for the year 2024, ahead of the usual leader of the ranking, Finland.
The indicator ‘trust in others’ measures a person’s trust in people they do not know on a scale from 0 (‘I have no trust at all’) to 10 (‘I have complete trust’). The measurement is important since interpersonal trust represents an essential indicator for the quality of social relationships and for the way a society functions, according to Eurostat methodology.
In Romania, the average level of trust reached 7.3 in 2024, above the European Union average of 5.8.
The figure is not a surprise. Romania’s evolution in recent years has been a constantly upward one. In 2013, Romanians had an average trust level of 6.4. After a strong jump in 2018 to 7.0, the indicator continued to grow, reaching a peak of 7.7 in 2021. In the following years, the values stabilized around the range of 7.1–7.3, indicating a sustained level of trust that is rarely encountered in the region.
Finland and Poland are also in the upper part of the European ranking, with values of 7.0 or above. At the opposite end are countries such as Cyprus, France, Lithuania, Slovenia, and Greece, where scores drop below 5.
Overall, young Europeans aged between 16 and 29 tend to have a higher level of trust in others than the general population. In 2023, the EU average for this category was 6.1, compared to 5.8 for the population as a whole.
Romania stands out clearly in this regard as well. In 2023, Romanian young people (16-29) had the highest level of trust in the entire Union, with a score of 7.7, surpassing Croatia (7.2) and Poland (7.0). Last year, Romania’s youth scored even higher, with 7.8, the highest value recorded by any member state.
(Photo source: Radub85 | Dreamstime.com)
FEPRA has opened new PET and glass recycling facilities in Brad, Hunedoara county, an initiative expected to boost the recycling capacity of both the region and Romania. The two units, inaugurated on December 1 in the presence of local authorities, come as Brad–Hunedoara continues to search for long-term economic alternatives after years of industrial decline.
The new PET recycling plant has a monthly capacity of up to 3,000 tonnes, while the glass facility can process up to 2,300 tonnes of packaging waste per month. Together, they will generate 56 jobs in the area, according to the company.
The project is also expected to contribute to national efforts to increase recycling rates by reducing the amount of PET and glass waste sent to landfills and by strengthening local processing chains.
Further on, FEPRA plans to add a textile recycling line at the same site, responding to growing concerns across Europe over how textile waste is managed.
“Through the two PET and glass recycling factories, and through the future textile line, we aim to demonstrate that the circular economy can create jobs, bring stability, and generate added value,” said Ionuț Georgescu, CEO and founder of FEPRA.
irina.marica@romania-insider.com
(Photo source: press release)
Fitch Ratings has affirmed the long-term Issuer Default Rating (IDR) of Romania-based, state-owned bank CEC Bank at BB/stable, its Viability Rating (VR) at bb, and Government Support Rating (GSR) at b, based on the bank's moderate, albeit strengthening, business profile, adequate capitalisation, and reasonable funding and liquidity. This puts the Romanian bank's rating two notches below the sovereign rating (BBB-/negative), in the non-investment area.
The positive factors partly offset its asset quality and profitability, which are weaker than its larger Romanian peers, the rating agency argued.
CEC's risk profile is commensurate with its simple business model. Its underwriting standards are broadly in line with domestic industry norms, but lending approvals are partly decentralised, and risk controls are fairly unsophisticated, Fitch explained.
The bank's VR and IDRs have headroom to absorb a potential one-notch downward revision of the Romanian banks' operating environment score, which would most likely be driven by a sovereign downgrade. However, CEC's ratings would likely be downgraded if its common equity Tier 1 ratio weakened to below 15% for an extended period and if a sharp increase in impairment charges eroded operating profitability.
The bank's VR and IDRs could also be downgraded if the bank's risk appetite increases materially, which may be reflected in rapid business expansion and lending growth that materially weakens asset quality.
CEC is a medium-sized, state-owned bank, operating a universal business model. Lending is primarily to non-retail borrowers and includes large exposure to public-sector entities. Funding largely comprises granular retail deposits.
iulian@romania-insider.com
(Photo source: Lcva/Dreamstime.com)
HORIZON CITY, a €130 million residential project, is emerging as one of the most solid and forward-thinking developments in the Pipera area—both through its scale and through the modern direction it sets for the new residential standards in the north. Developed across nearly 23,000 sqm, with 699 apartments and 926 parking spaces, the project brings together connectivity, functionality and a balanced approach to residential comfort.
Located on Pipera Boulevard, in a district where the residential market has matured significantly, HORIZON CITY benefits from close proximity to business hubs, international schools, medical clinics, extensive retail and strategic road infrastructure. Connectivity has become a decisive factor for buyers and investors alike, and the project aligns naturally with this market evolution.
“Connectivity and easy access to infrastructure are key decision drivers today. HORIZON CITY responds to this market maturity through its positioning, planning and a concept built around the real needs of the northern area,” says Cătălin Apetri, Development Director, Horizon City.
The 699 apartments are integrated within a masterplan designed around natural light, efficient layouts and immediate access to essential facilities. Two levels of underground parking and modern vertical infrastructure support an optimal flow throughout the development, while the construction solutions prioritise durability, efficiency and reduced maintenance costs—critical elements in a market increasingly focused on stability and predictability.
“We focused on long-lasting solutions, high comfort levels and a strategic location that serves the needs of a dynamic community,” adds Cătălin Apetri, Development Director, Horizon City.
The development comes at a favourable urban moment, marked by several significant public investments. Among them is the upcoming suspended passage on Petricani Road, a project expected to improve traffic and enhance mobility in the area. Nearby, the local authority has budgeted the development of a public parking facility, a commercial centre and a multipurpose hall, completing the wider urban ecosystem around HORIZON CITY.
Against this backdrop, representatives of North Bucharest Investments highlight the project’s commercial potential:
“Infrastructure upgrades and the area’s momentum significantly increase the project’s attractiveness. At the pre-sales stage, we are seeing strong interest from both buyers and investors. For them, HORIZON CITY means accessibility, appreciation potential and a stable option in a market seeking secure, well-positioned developments.”
In a market that has matured and places a stronger emphasis on predictability, HORIZON CITY stands out through responsible development, self-financing without bank exposure and a community-oriented vision. The project embraces a people-centric philosophy, with design decisions guided by real residential needs: generous natural light, functional architecture, seamless access to infrastructure and integration within a high-potential growth area.
Sustainability is embedded structurally into the project—through the materials used, the efficiency of technical solutions and the focus on long-term cost effectiveness.
HORIZON CITY champions a balanced approach to comfort and quality, within a community shaped by sustainability and a contemporary lifestyle.
For a market driven by safety, long-term value and clarity, HORIZON CITY is not just a residential option—it is a new benchmark of trust in northern Bucharest.
*This is partner content.
The three collections presented here – So British, Canadian Forest and Tyrol – are part of Actuel, Auchan’s private label. They are available in Auchan stores nationwide, with a selection also online at auchan.ro.
A So British Christmas is for anyone who dreams of a warm, refined home with an aristocratic touch, where tradition feels modern thanks to rich textures, warm lights and iconic symbols. Every detail builds emotional comfort and creates an atmosphere that tells, through each object, a story of the classic Christmas.
1. Dress your tree in classic refinement
The tree is the main star of Christmas décor, and in the So British style it becomes a reimagined classic. You can use:
2. Create small storytelling corners on sideboards and near windows
You can:
3. Let textures do the work
To bring a British feel to your home, materials need richness: tartan cushions, thick wool throws, velvet runners, tweed accents and gold-finish details. Together, they tie the whole setting into a coherent composition.
4. The bedroom – a space that softens winter
Choose checkered bedding, a velvety quilt and decorative cushions with classic motifs. Add a large embroidered stocking on the bed frame or a decorative mantel.
5. The kitchen – warmth in the everyday ritual
You can use embroidered cotton napkins, vintage biscuit tins, porcelain mugs with festive motifs and a decorative tray with candles and dried fruit. The space should evoke tradition, hospitality and a homey feel.
Explore the So British collection here.
A Canadian Forest interior is never overloaded. It is calm and harmonious by design. Each object has its role. Raw wood becomes central: shelves, trays, carved décor, candle holders. Natural tones such as cream, greige, white and forest green create a soft background that enhances the light. Faux fur adds instant warmth as a throw, rug or armchair accent. Wool felt appears in ornaments, baskets and small figurines.
Matte metals (copper, soft silver) add discreet highlights. Homes decorated in this style have a quiet, Nordic spirit – a balance between rustic and minimal, between authentic and refined.
1. A tree inspired by the snowy forest
This tree is poetic rather than opulent. You can use:
For the tree topper, choose a simple metal star or a white angel.
2. Themed corners inspired by Nordic cabins
Try combining, for example:
3. Textures that tell the story
Use plush throws in soft neutrals, faux-fur or wool cushions, heavy fabrics, felt accents, ceramic or matte-glass vases. These materials create an organic, natural feel, as if the home were an extension of the forest.
4. The bedroom – a calm sanctuary
Choose bedding in natural tones, perhaps with subtle leaf or animal prints. Add a soft white or greige throw that evokes fresh snow and place a small deer or white angel on the nightstand.
5. The festive table – rustic, elegant, authentic
Set the table with ceramic plates in neutral tones, cotton napkins tied with twine and a green sprig, white candles on wooden holders and wooden boards as serving platters. The whole look resembles a quiet mountain cabin dinner on Christmas Eve.
Explore the Canadian Forest collection here.
There is a kind of Christmas that doesn’t rush. It doesn’t shine loudly. It glows softly, like an old lamp in a wooden house wrapped in snow. This is the Tyrol Christmas: warm, rural, friendly, deeply human.
It is for those who love tradition, earthy colours, village stories and the feeling that nothing spectacular is needed to feel content – just a home that smells of sweet bread, wood and quiet.
1. The tree – a blend of tradition, nature and cheer
The Tyrol tree is neither minimalist nor opulent. It is warm and full of charm. You can use rustic wooden or ceramic ornaments, playful figurines (mice, ducks, gnomes, soldiers), natural elements like leaves, mushrooms, cones and stars, plus ribbons in warm colours (burgundy, terracotta red, Tyrolean green) and warm lights for a cozy feel.
It feels like a tree made of memories and traditions.
2. Create heartfelt corners throughout the home
Tyrol décor goes beyond the tree. On a rustic sideboard you can arrange carved ducks, a chalet house and a copper candle holder. On the windowsill, place a gnome next to a mini-sleigh and dry branches. In the hallway, place a basket with a thick blanket, a small rabbit figurine and a metal lamp.
These touches turn the interior into a miniature Austrian chalet.
3. Textiles – the soul of the Tyrol home
Use decorative cushions with traditional embroidery, jacquard throws in vibrant tones, tablecloths with alpine motifs and napkins stitched with hearts, stars or flowers. Textiles unify the entire visual story.
4. The bedroom – a mountain refuge
Choose bedding with rustic or botanical motifs, large warm cushions, a thick quilt with a handmade feel and a rustic wooden or copper lamp on the nightstand.
5. The festive table – rustic, joyful, traditional
Set the table with hand-painted ceramic dishes, metal-detailed cutlery, thick cotton or linen napkins, wooden placemats, jars with lights or rustic candles and touches of copper and green, the signature colours of this style. The result feels like dinner in an alpine inn.
Explore the Tyrol collection here.
This year, Auchan’s collections celebrate a Christmas where design helps refresh the home, create memories, bring warmth to everyday spaces and enjoy accessible quality and objects with character.
Whatever style you choose, let the magic begin in the details – a soft cushion, a tree ornament, a plate with golden accents.
Christmas finds you at home.
And a reinvented home finds you happier.
*This is partner content.
Romanian developer IULIUS announced that it secured a syndicated loan facility amounting to over EUR 305 million for its Palas Iași mixed-use complex. The financing is provided by a consortium made up of Erste Group Bank Austria, BCR, Raiffeisen Bank Romania, and Raiffeisen Bank International Austria.
The loan will support the remodelling of Palas Iași and provide capital for other IULIUS developments currently underway.
Palas Iași, opened in 2012, is Romania’s first large-scale urban regeneration project and one of the most visited mixed-use complexes in the country, recording more than 22 million visits last year.
“For this project, IULIUS got a refinancing of more than EUR 305 million, representing the first unitary loan granted to a portfolio of multiple buildings with various functions – retail, office, entertainment, events center – integrated into a mixed-use project,” reads the press release.
The refinancing follows a year of significant fundraising for the company. In 2025, IULIUS attracted over EUR 700 million in total financing, including a EUR 400 million green loan for the RIVUS Cluj-Napoca development announced in May.
The developer has begun work on a major redesign of Palas Iași, based on a concept by Foster + Partners. Plans include reconfigured retail spaces, expanded store formats, new brands, improved natural lighting, and a reimagined connection with the nearby Palace of Culture.
The retail area will grow to 80,000 sqm, while the outdoor Palas Garden will be upgraded with new promenades, water features, and leisure zones. The complex’s events center, Congress Hall, will be relocated and rebuilt with four halls and a capacity of 1,000 seats.
Work has also begun on revamping the esplanade of the Luceafărul Theatre, one of the main access points to the complex, which will become a greener public space with restaurants, terraces, an outdoor amphitheater, and family amenities.
Underground extensions will allow for additional retail areas directly linked to the mall, the company said.
Palas Iași remains the largest real estate investment in Romania’s northeast, valued at more than EUR 320 million and bringing together retail, offices, hospitality, and leisure facilities around the city’s Palace of Culture.
IULIUS operates mixed-use projects and shopping centers in Iași, Timișoara, Cluj-Napoca, and Suceava, and is working on two major new regeneration schemes in Cluj-Napoca and Constanța.
irina.marica@romania-insider.com
(Photo source: the company)
Allianz-Țiriac Asigurări, one of the leading insurance companies on the local market, has completed the sale of its two former headquarters located in the Victoriei Square area of Bucharest. The deals were brokered by Cushman & Wakefield Echinox.
The property on Căderea Bastiliei Street, of approximately 6,000 sqm GLA, was acquired by Praktiker Real Estate, a company owned by businessman Omer Susli.
The second building, located on Grigore Alexandrescu Street with a leasable area of 4,000 sqm, was taken over by Primavera Development.
Mihaela Pană, Partner for Private Investments at Cushman & Wakefield Echinox, said: “These transactions confirm the dynamism of the Romanian investment market when it comes to centrally located assets, which continue to generate strong interest from tenants. We are seeing consistent appetite from local investors in properties that, through renovation investments, can be repositioned on the market and whose value can increase over time.”
The sale of the buildings adds to evidence that Bucharest’s office market has entered a new growth cycle. Both acquisitions were made by domestic buyers, which Cushman & Wakefield Echinox said demonstrates local investors’ confidence in the Romanian real estate sector.
irina.marica@romania-insider.com
(Photo source: press release)
The company continues the development strategy announced at the beginning of the year, expanding its client portfolio across critical sectors - banking, energy, manufacturing, and telecommunications, while strengthening its technology partnerships with global leaders such as IBM, HPE, Cisco, Microsoft, Dell, NetApp, Red Hat, and Pure Storage.
“You cannot build AI on top of infrastructural gaps. You need secure data, robust architectures, and a clear digitalization strategy. 2025 is the year when organizations understood that real digital transformation does not happen through isolated projects, but through a coherent and sustainable approach,” said Gabriel Tomescu, CEO of Inter Computer Romania.
Against the backdrop of rising requirements for digital compliance and cybersecurity, Inter Computer Romania has launched in 2025 a series of projects focused on modernizing IT infrastructures, integrating hybrid cloud solutions, immutable storage, and Quantum-Safe cryptography, as well as preparing platforms for future AI-ready operations.
These implementations offer companies scalability, efficiency, and operational resilience, in a context where digital transformation is becoming a prerequisite for competitiveness and where regulations such as DORA (Digital Operational Resilience Act) and NIS2 impose stricter standards for data security and traceability.
“We are seeing increased interest in AI-ready infrastructures and immutable data and governance solutions. The Romanian market has become far more technologically mature companies are now looking not only for performance, but especially for stability and compliance,” added Gabriel Tomescu.
Inter Computer Romania delivers end-to-end solutions for large organizations from assessment and consulting to implementation and operational support focused on technical efficiency, resource optimization, and reducing IT complexity. Through its collaborations with NBD (New Business Dimensions) and Pluridio, the company integrates both technical and financial expertise, building IT architectures that enable sustainable, future-oriented AI adoption.
A key component in recent projects is data immutability, essential for protecting critical information and ensuring compliance with European cybersecurity regulations. With an experienced local team and the support of over 250 specialists across Inter Computer Group in Central and Eastern Europe, the company continues to expand its presence in Romania through projects that strengthen digital resilience and contribute to the development of a secure and sustainable IT ecosystem.
“Our objective is clear: to become the leading IBM partner in Romania and one of the key players shaping the digital infrastructure of the local economy. The €5 million in signed contracts confirms that we are on the right track and that the market is ready for a new level of technological complexity,” Gabriel Tomescu emphasized.
Inter Computer Romania is part of Inter Computer Group (ICG), a company with more than 35 years of experience in IT systems integration, active across Central and Eastern Europe and an IBM Platinum Partner. The company provides IT infrastructure, cybersecurity, hybrid cloud, and digital compliance consulting solutions for large organizations in sectors such as banking, energy, manufacturing, and telecommunications.
*This is a press release.
Property developer M Core has opened M Park Orăștie, a new retail park developed on a 23,000 sqm plot in an established commercial area of the Romanian city. The project delivers around 5,500 square meters of single-level retail space, designed to accommodate a mix of fashion, homeware, electronics, and everyday essentials retailers.
The company said the new park is intended to strengthen its presence in key regional markets and expand its national portfolio of convenience-focused retail properties.
“This opening reflects the momentum across our portfolio and our confidence in the role convenience-led retail continues to play for communities and brands alike,” said Sebastian Macdonald-Hall, Co-CEO Romania and Chief Investment Officer (Europe), M Core.
The development includes energy-efficient building solutions and dedicated parking facilities, in line with M Core’s environmental requirements.
M Core is a family of property investment and management companies comprising LCP, Sheet Anchor, Proudreed, and Sheet Anchor Evolve. The group of businesses has a EUR 6.2+ billion portfolio of assets and employs roughly 600 people across Europe.
Over 1,050 assets are managed across the UK, France, Poland, Romania, Germany, and Spain.
irina.marica@romania-insider.com
(Photo source: the company)
Genesis College, one of the largest private educational institutions in Romania, announced the regulatory approval of the transaction through which the investment firm Mozaik Investments becomes its majority shareholder.
The transaction, signed at the end of July, received all necessary approvals from the Competition Council on November 25, and, formally, the entire investment procedure is completed, Profit.ro reported.
Mozaik will provide growth capital to accelerate the development of the educational network through investments in new campuses and the expansion of schooling capacity, as well as the development of the International Baccalaureate program, the company said.
The value of the projects to be implemented following the transaction is approximately EUR 30 million.
Genesis offers all educational levels, from kindergarten to high school. It is one of the few institutions in Romania accredited to carry out all three programs of the International Baccalaureate educational system.
iulian@romania-insider.com
(Photo source: Sarinya Pinngam/Dreamstime.com)
Roughly nine in ten Romanian employers plan to award Christmas benefits to their staff this year, according to a new survey conducted by leading online recruitment platform eJobs. The findings show that 89.7% of employers have prepared holiday perks for December, while 10.3% reported having no budget available for this purpose.
As in previous years, cash bonuses remain the most common type of holiday reward. 60% of surveyed employers said they will grant financial bonuses ahead of Christmas, 48% plan to organize an end-of-year team party, and 44% will offer gift vouchers or shopping cards.
Another 36% will distribute Christmas product baskets, 8% will give extra days off, 4% are preparing prize raffles, and an equal share will award holiday vouchers, the same survey said.
A third of employers allocated between RON 201 and 400 per employee for Christmas benefits, while 28% set aside between RON 401 and 600. Another 28% will spend more than RON 1,000 per employee.
Compared with last year, 84% said benefit values remain unchanged, while 8% increased their budgets and 8% reduced them.
“Even though 2025 has been a complicated year for many companies, marked by the impact of economic and fiscal changes, we see that most employers have decided not to cut their Christmas benefit budgets. The main reason cited is that these benefits help motivate and retain employees. They have become accustomed to this end-of-year tradition, and removing it could lead to dissatisfaction,” said Ana Călugăru, Head of Communications at eJobs.
“Interestingly, 12% use this method to reward performance, while 4% say they are offering it to compensate for not being able to provide salary increases this year,” she added.
According to the same survey, employees’ preferences reflect employers’ choices: 81% said they would most like to receive cash bonuses, followed by gift vouchers (32%), paid days off (28%), Christmas baskets (17.2%), and team parties (15.6%).
When asked what they consider an appropriate value for a Christmas benefits package, 38.1% indicated over RON 1,000, while 35.7% preferred a range between RON 500 and 1,000. Only 6.6% believe this year’s benefits will be higher than last year’s.
More than half of employees (52.3%) said they would feel underappreciated if they received no Christmas benefits. Another 26.6% would be disappointed but understanding given the economic climate, 11.1% would not mind if they receive sufficient perks throughout the year, and 10% said the decision would have no negative impact.
The survey was conducted in November and included responses from 115 employers and 950 employees.
irina.marica@romania-insider.com
(Photo source: Uladzimir Liubamirski/Dreamstime.com; AI generated)
North Bucharest Investments has been honored at the CIJ Awards 2025 with the Best Residential Real Estate Agency of the Year distinction — a recognition of the company’s performance, dedication, and strong positioning within Romania’s high-end residential market.
“This award is about people. About those who choose, every single day, to believe in this company, to build, and to put heart into everything they do. They are our true strength and the reason North Bucharest Investments continues to grow. I am deeply grateful to every member of our team—without them, no achievement would hold value.”
— Vlad Musteață, Founder & CEO, North Bucharest Investments
During the event, the North Bucharest Investments team also had the honor of presenting the Personality of the Year award to Michelle Nusco, a leader who is redefining excellence in business. Through strategic clarity, vision, and the ability to build high-performing ecosystems, Michelle Nusco stands out as a benchmark of contemporary leadership and sustainable industry transformation.
The recognition received at the CIJ Awards 2025 further reinforces North Bucharest Investments’ role as a strategic partner in the high-end residential sector, confirming the company’s commitment to professionalism, quality, and long-term partnerships.
North Bucharest Investments remains focused on growth and collaboration within the real estate market. The company continues to deliver real value, strengthening its high level of expertise and actively contributing to the evolution of Romania’s high-end residential segment.
*This is partner content.
Cris-Tim Family Holding (BVB: CFH), the market leader in cold cuts and ready meals in Romania, reported revenues of RON 853.1 million (EUR 170 million) for the first nine months of 2025, a 3% y/y increase, supported by 5% growth in the Cold Cuts segment and a strong 21% advance in ready meals.
Profitability improved at a faster pace than revenues, with EBITDA rising 15% to RON 143.7 million and net profit increasing 30% to RON 82.6 million (EUR 16 million).
The company’s market capitalisation is RON 1.4 billion (EUR 280 million), resulting in a price-earnings ratio of under 13.
“Our first results as a public company underline a very clear direction: the business is growing, the fundamentals are strong, and the measures we took earlier in the year are delivering visible results. [...] This is the trajectory we outlined in the IPO: profitable growth, disciplined execution, and investments that strengthen the business for the long term.
Our priority now is to continue implementing our growth strategy by strengthening production capacity, deepening our logistics integration, and building the next chapter of Cris-Tim’s leadership in the Romanian food market,” stated Radu Timiș Jr., Chief Executive Officer at Cris-Tim Family Holding.
Throughout 2025, Cris-Tim advanced its long-term development plans. The Investalim program, one of the most significant industrial projects in the company’s history, has moved into the implementation phase, with construction of the new storage facilities beginning in November 2025. The program is set to modernise and expand production capacity in Filipeștii de Pădure, upgrade cold storage infrastructure, and create a more integrated logistics platform across categories.
At the same time, the company completed its Initial Public Offering in October 2025 on the Bucharest Stock Exchange and debuted on the Main Market of BVB on November 26. Through the IPO, Cris-Tim Family Holding secured additional capital to support its investment plan for the 2025–2030 period.
iulian@romania-insider.com
(Photo source: Facebook/Bursa de Valori Bucuresti)
A special ‘Silent Day’ event will be held at the Bucharest Christmas Market in Constituției Square on Wednesday, December 3, aimed at creating a quieter and more accessible environment for children with sensory disabilities. The initiative is designed to make the festive market manageable for children who may struggle with loud noise, bright lights, and crowded spaces.
From 13:00 to 17:00, ambient music and noise will be reduced to a minimum, and festive lighting will be dimmed to ensure a calm and safe atmosphere, the City Hall announced.
Children with disabilities will receive free access to the carousel, train rides, and the panoramic wheel, where suitable. Plus, they will have exclusive entry to Santa’s House between 14:00 and 16:00 for a quieter visit with Santa Claus.
Access will be allowed only when accompanied by a guardian, and participation in activities will depend on the child’s specific needs, as guided by specialized staff.
Teams from the Bucharest Directorate of Social Assistance will be present throughout the event to support children and parents.
irina.marica@romania-insider.com
(Photo source: Facebook/Primăria Municipiului Bucureşti)
Romania’s population could reach 14.36 million people in 2080, down from slightly over 19 million in 2025, which would mean a reduction of 4.6 million people, or almost a quarter of the population, according to an analysis carried out by the National Institute of Statistics (INS) in the study ‘Projection of Romania’s active population by the horizon of the year 2080,’ cited by Agerpres.
The projection is one of three versions, namely the ‘benchmark variant,’ which keeps unchanged the levels of fertility, life expectancy, and net migration recorded in 2024 for each county. This variant enables the comparison of results and evaluation of developments in the absence of significant demographic changes.
Conversely, the medium variant, considered the most probable, is based on recent trends of the main demographic components. The last variant, the optimistic one, is based on improved fertility and life expectancy and highlights the maximum level that could be reached under positive demographic conditions.
The coordinator of this publication, INS vice president Silviu Vîrva, stated that all scenarios show a decrease in the population, but the magnitude of the decline differs significantly according to the three variants.
The constant variant shows that Romania’s population would decrease from 19.036 million (2025) to 14.367 million (2080), meaning almost a quarter of the population lost. The medium variant shows that under conditions of a slight increase in fertility and an improvement in life expectancy, the population decrease would be 3.4 million people, the equivalent of a 17.9% decline compared to 2025.
Finally, the optimistic variant envisions a favorable scenario in which the population would decrease by only 1.92 million people, or about 10.1% of the current population.
“Regardless of the scenario analyzed, Romania’s population will continue to decline until 2080, and the scale of the decline varies between one-tenth and one-quarter of the current population,” according to the INS vice president.
(Photo source: Iakov Kalinin | Dreamstime.com)
Romania has begun work on a specialised production facility in Măgurele, near Bucharest, that will manufacture laboratory-grade mirrors and lenses, including components for the world’s most powerful laser hosted at the adjacent research centre, Digi24 reported. The investment amounts to almost RON 192 million (EUR 38 million), financed through the Ministry of Development.
Authorities said the new centre will be capable of producing high-precision mirrors valued at EUR 1 million each. The technology is supplied by Japanese partners, and the facility is expected to generate several million euros in annual revenue once fully operational.
The complex will employ dozens of specialists, both Romanian and Japanese, who will work on the production and repair of advanced optical elements used in high-energy laser systems.
At present, the optical components required for the Măgurele laser, including large-scale mirrors and custom lenses, are imported from Japan. Once the new plant becomes operational, these elements will be produced locally, reducing dependence on foreign suppliers and strengthening the technological base around the Extreme Light Infrastructure – Nuclear Physics (ELI-NP) facility.
Officials said the objective is to ensure strategic autonomy for the Romanian research sector by building the domestic capacity to manufacture and maintain optical parts essential for high-power laser physics.
“The goal of the new centre is to reduce dependence on imports,” Digi24 journalist Iulia Gurguță reported.
Construction is being carried out within the Măgurele scientific hub, which has grown into one of Romania’s most significant research clusters and hosts several institutions linked to the ELI-NP programme.
iulian@romania-insider.com
(Photo source: Facebook/Ministerul Dezvoltării, Lucrărilor Publice şi Administraţiei)
The Romanian government is examining amendments to the Oil Law that would allow the Trident offshore perimeter in the Black Sea, held 87.5% by Lukoil, to return to state ownership or be taken over by project partner Romgaz, which holds the remaining 12.5%, Profit.ro reported. The proposal is being reviewed as Romania aligns with United States sanctions targeting Russian energy interests, although the document indicates Romania’s commitment to UN and EU regulations.
A draft emergency ordinance published by the National Agency for Mineral Resources proposes changes enabling state-owned Romgaz to assume Lukoil’s majority stake in the Trident concession, as a result of the international sanctions against the Russian company. The measure would effectively remove Lukoil as the holder of the exploration and development agreement and reassign operational control to the Romanian company.
Government documents indicate that the preferred scenario is to annul Lukoil’s status as concessionaire and transfer its full stake to Romgaz.
The approach raises legal and financial risks for Romania, as Lukoil has invested substantial sums in the project over the past fourteen years. No compensation mechanism is currently outlined in the draft ordinance, prompting concerns over potential international litigation.
The Trident perimeter has been one of the more advanced deepwater exploration projects in Romania’s sector of the Black Sea. Lukoil has reported cumulative expenses of several hundred million dollars for exploration activities, including seismic surveys and drilling operations undertaken since it secured the concession. Industry analysts note that the absence of a reimbursement or buyout framework may be challenged under bilateral investment treaties.
Authorities argue that legislative adjustments are required to ensure compliance with Western sanctions regimes and to reduce exposure to Russian-controlled assets in strategic sectors. The government has not yet detailed how Romgaz would finance the takeover or how the shift in ownership would affect future development plans in the perimeter.
The draft ordinance remains under interministerial review, with further amendments expected before it is submitted to the cabinet for approval.
iulian@romania-insider.com
(Photo source: Curraheeshutter/Dreamstime.com)
Romania has chosen its first team to compete in the prestigious Bocuse d’Or Europe culinary competition, marking the country’s official entry into the global Bocuse d’Or circuit. Chef Vasilică Bejenaru, together with coach Liviu Preda and commis Andrei Fabian Lupoi, won the inaugural National Selection held last week in Brașov.
The team will represent Romania at Bocuse d’Or Europe 2026, scheduled for March in Marseille. Their performance impressed an international jury of renowned chefs and earned them two special awards: Best Platter and Best Commis, the latter awarded to Andrei Fabian Lupoi, the youngest competitor in the event.
Vasilică Bejenaru, Executive Chef at Kronwell Hotel Brașov and a medalist at the 2024 IKA Culinary Olympics, led the team through nearly six hours of continuous cooking. Coach Liviu Preda, who has more than 30 years of international experience, guided the strategy, while commis Lupoi supported the preparation and presentation of the dishes.
“I am deeply grateful to all my colleagues and, above all, to my family. Honestly, I didn’t want anything more from this competition than to show, together with all those who competed, that great things can be achieved in Romania. I knew it would be difficult, but we worked tirelessly, and we will continue to work even harder,” said Chef Vasilică Bejenaru.
Second place in the national selection went to the team led by Chef Bogdan Cozma of Black Barn Restaurant in Zărnești. The team was coached by Dadiana Munteanu, a double medalist in international competitions, with commis Miron Andrei Nicolae, Head Chef at D.A.R Events in Botoșani.
Third place was awarded to the team of Chef Emanuel Mocan, one of Romania’s most decorated young chefs. The team included coach Dragoș Bercea and commis Alexia Stan, a Culinary Business Management graduate from Manchester Metropolitan University and sous-chef at One Soul Brașov. The team also received the Special Award for Best Plate.
Chef Cezar Munteanu, President of ANBCT (National Association of Chefs and Pastry Chefs in Tourism) Romania and organizer of the national competition, said the event marked an important moment for Romanian gastronomy, noting the determination and emotion he witnessed among the competing teams.
The competition was judged by an international panel that included chefs with Michelin distinctions, Green Star recognitions, and experience in global culinary contests. Jury members included Svetlana Riškova, who served as president, Gianluca Tomasi, Frank Widmann, István Veres, Henrik Sebok CMC, George Crăciun, Nico Lontras, Joseph Hadad, Alex Iacob, and Peter Bartosz.
An honorary jury representing Selgros Romania, METRO Romania, and Balvanyos Resort also participated, expressing support for Romania’s entry into the Bocuse d’Or network.
irina.marica@romania-insider.com
(Photo source: the organizers)
Wind projects with a total capacity of almost 316 MW have been declared winners in the third auction under the Contracts for Difference (CfD) scheme, above the minimum threshold set by the Ministry of Energy, according to sources quoted by Economica.net.
The third auction was organised because of insufficient projects approved under the second auction.
The objective of the third CfD auction is to grant operating aid for 290 MW of new onshore wind renewable energy capacity, according to the auction announcement in October. The maximum strike price was then set at EUR 80/MWh. All qualified projects have a completion date of 2028.
A total wind capacity of 315.8 MW was qualified, and the maximum exercise price was EUR 74.9/MWh, and the minimum price was EUR 59.95/MWh, according to information we have from sources close to the situation.
iulian@romania-insider.com
(Photo source: Welcomia/Dreamstime.com)
Romania's Port of Constanţa rose to 10th place among European seaports by cargo volume in 2024, despite handling just over 50 million tonnes, a 14% decline from the 67 million tonnes processed in 2023, Ziarul Financiar reported, citing Eurostat data.
Eurostat figures showed that Romania ranked 13th in 2023, with the latest shift driven by relative declines in other ports rather than an expansion in Constanţa's operations. The port recorded the steepest percentage drop in the European Union last year.
Across the EU, seaports handled about 3.4 billion tonnes of cargo in 2024, a level similar to 2023 but below the highs of the past decade, including 3.6 billion tonnes in 2019. Rotterdam remained the bloc's largest freight port, processing 397 million tonnes. Antwerp-Bruges followed with 244 million tonnes, ahead of Hamburg with 97 million tonnes.
Four of the EU's top ten ports registered increases in 2024. Valencia posted a 3.6% rise, while Algeciras recorded a 2.6% gain, both in Spain.
At the opposite end, Constanţa registered a 14.3% contraction, while Gdańsk in Poland recorded an 11% decline.
iulian@romania-insider.com
(Photo source: Dynamoland/Dreamstime.com)
The BCR Romania Manufacturing PMI index has further slipped to 47.2 in November from 47.6 in October, signalling that the downward momentum which began last month has persisted. Not only the output sub-indicator, but also the new orders have deteriorated marginally compared to October and significantly compared to September, when the index neared the 50-point neutral benchmark.
The supplier delivery times remain the sole positive element of the PMI index, but it seems empirically and also fundamentally inversely correlated with the dynamics of the new orders and output, hence its predictive value diminishes.
As regards the industrial production index, it has remained more or less stable over the past year – still marking on average a mild (-0.7% y/y) decline compared to the previous 12-month period (when it was decreasing).
The annual dynamics for the rolling 12-month period have improved from steeper deterioration rates over the past years, though. In the third quarter of the year alone, the industrial output increased by 0.9% y/y in line with the slight improvement of the Manufacturing PMI index.
If current trends persist, 2025 will mark the third consecutive annual decline in industrial output, according to Erste Group Research.
Looking ahead, substantial EU security investments and Germany's fiscal stimulus for infrastructure and defence spending are expected to boost European industrial production, according to the analysts of the Austrian group. External demand remains critical for domestic manufacturers, and expectations point to a potential rebound in industrial output next year.
iulian@romania-insider.com
(Photo source: Lovelyday12/Dreamstime.com)
AnimaWings, the Romanian airline founded in 2020, has introduced new all-inclusive service packages on both international and domestic flights, marking what the company describes as a first in its onboard offering. The packages, named Priority All Inclusive and Priority All Inclusive Plus, combine baggage, meals, drinks, premium seating, and airport priority services into a single purchase available as an upgrade starting December 10.
On international routes, Priority All Inclusive includes a small 4 kg cabin bag and a larger 8 kg cabin bag, a hot or cold meal, a selection of alcoholic and non-alcoholic drinks, snacks, premium seat selection, priority check-in and boarding, as well as the option to make certain reservation changes before the trip. These benefits are available as a EUR 35 upgrade per person per flight segment, compared to an estimated EUR 95 if purchased individually.
Priority All Inclusive Plus adds a 23-kg checked bag. The upgrade costs EUR 75 per person per segment, compared with an estimated EUR 135 if bought separately, the air carrier said.
On domestic routes, AnimaWings is launching a tailored version of the package. Priority All Inclusive (Domestic) includes a small 4 kg cabin bag, a larger 8 kg cabin bag, a cold meal, a package of non-alcoholic drinks, premium seat selection, priority check-in and boarding, as well as the option to check in online or at the airport.
“We are introducing for the first time - most likely at a global level - this all-inclusive concept at 10,000 meters altitude, a concept that is already popular and highly sought after in the hotel industry. We created these all-inclusive packages because we see more and more clearly that passengers are looking for integrated solutions and a worry-free experience,” said Marius Pandel, CEO of AnimaWings.
The onboard meals available with the new packages were developed with chef Alex Petricean, who created breakfast, lunch, and dinner options inspired by modern Romanian cuisine. The airline has also partnered with Crama Darabonț to supply onboard wines and sparkling drinks.
The launch comes as AnimaWings continues to expand its network and fleet. The carrier added its fifth Airbus aircraft in September 2025 and plans to reach 18 aircraft within two years, for a fleet valued at over USD 1 billion.
The airline will operate more than 10 new routes this autumn, including flights connecting major Romanian airports with Istanbul, Paris, Munich, Prague, Stockholm, Tel Aviv, and Dubai. New services to London Gatwick and Geneva are scheduled to begin in March 2026.
irina.marica@romania-insider.com
(Photo source: AnimaWings)
Romania’s Artmark Group, a major operator in the art and collectibles market in Romania, Bulgaria, and Croatia, appointed Sorin Paul Suciu as Chief Executive Officer (CEO).
Suciu takes over the operational and strategic coordination of the group in a phase of accelerated development, according to the company. He has over 25 years of experience in the financial-banking field, leadership, and strategic management, in Romania and at the European level.
Sorin Paul Suciu’s career has spanned projects of organizational transformation, risk management, retail management, trading, oil & gas, and corporate banking, the leadership of complex teams, and executive positions in top companies. He is a graduate, among others, of the Executive MBA ASEBUSS & Kennesaw State University, an ENVISIA Board of Elite scholars, and a certified Mentor & Coach by the European Mentoring and Coaching Council.
After the 2022 expansion into Croatia (Zagreb) and Bulgaria (Sofia), Artmark plans to continue the development of regional operations in the next decade.
“I take on this role with respect for Artmark’s history and with appreciation for what this organization has built in its nearly 20 years. Collectors are at the center of our activity, and my priority is to strengthen their experience and to carry forward the standards of professionalism and transparency that define Artmark,” stated Sorin Paul Suciu, the new CEO of the Artmark Group.
The company plans to consolidate an integrated regional platform capable of updating the systems for valuing cultural goods and inter-connecting the collectors of Central and Eastern Europe with a diverse offering of art and cultural heritage.
(Photo source: press release)
Rescuers part of the Brașov County Salvamont Service spent the night in the Bucegi Mountains on Wednesday to Thursday, December 3-4, to continue searches for missing 18-year-old British citizen George Smyth. In the morning, the team of 17 mountain rescuers who slept in a chalet resumed the search in the Țigănești area despite difficult conditions and the fresh layer of snow.
George Smyth's mother, Jo Smyth, traveled to Romania to assist search operations.
“In parallel, together with the family, an attempt is being made to reconstruct as accurately as possible the route traveled by George. Although the weather conditions have been difficult in recent days, the rescuers decided to make a new effort to continue the search operations,” the Brașov County Salvamont Service said on Facebook.
Rescuers, who looked for the teenager using specialized dog teams, a Black Hawk helicopter and thermal cameras, said that there is “no data indicating that the missing person intended to head toward Bran Castle,” despite earlier reports. When he called for help due to the possible onset of hypothermia, he was directed toward the Mălăiești Chalet.
“The recommendation took into account both reducing the time until meeting the intervention teams and maintaining moderate movement, essential for producing heat and delaying the onset of severe hypothermia. Remaining stationary in conditions of blizzard, fog, and low temperatures would have accelerated the loss of body heat,” the same source added.
That night, rescuers could not deploy drones or helicopters due to the dense fog and strong winds. Subsequent searches located his backpack. Inside were equipment and supplies.
At this moment, the search operation is ongoing.
(Photo source: Brașov County Salvamont Service on Facebook)
IT Genetics, a Romanian technology company specialized in digital automation and operational efficiency solutions for businesses, announced this week its intention to list on the AeRO market of the Bucharest Stock Exchange in Q1 2026.
Upon admission to trading, the company’s shares are expected to be listed on the AeRO market under the ticker “ITG”. In the medium to long term, the company intends to transition to the Main Market of the Bucharest Stock Exchange.
Before the listing, IT Genetics will carry out a private placement for new shares, offering up to 1 million newly issued shares to investors. The placement is expected to take place in the coming days and will be brokered by TradeVille, with the intended admission to trading on BVB planned for the first quarter of next year.
“We have built IT Genetics over the last 18 years with a clear objective: to give companies access to technology that improves efficiency, reduces operating costs, and accelerates digital transformation. From a start-up founded in 2007, we have grown into an international group with operations in Romania, Hungary, Bulgaria, Spain, and Italy, nine complementary companies, and a turnover of RON 100 million in 2024,” stated Liviu Sima and Stefan Axinte, co-founders of IT Genetics.
Listing will give the company access to development capital, higher visibility, and external validation, according to the founders, each of whom holds 50% of the company through their respective holding instruments.
IT Genetics provides end-to-end digitalization and automation solutions across logistics, retail, industrial production, eCommerce, and HoReCa. More than 20,000 companies across Europe rely on IT Genetics technologies to streamline and scale their operations.
At the moment, the company Genetics represents nine entities covering software development, hardware and consumables production, and fulfillment services, including Zinta (labeling consumables), Planograma (WMS software), Waytr (HoReCa digital operations), and Mondo Logistics (e-fulfillment).
Beyond its domestic operations, the company has subsidiaries in Hungary, Bulgaria, Spain, and Italy, with further market entries planned.
The group closed 2024 with consolidated revenues of approximately RON 100 million, an increase of 36% compared to 2023, supported by expansion in all business lines, higher demand for digitalization and automation solutions, and the accelerated development of the software division. Net profit reached RON 5 million in 2024, up 83% year-on-year, reflecting operational efficiency, tight cost control, and improved margins across both hardware and software segments.
To finance the next stage of growth, the company aims to raise RON 7.5 million through a private placement of newly issued shares. The raised capital will support international expansion through the company’s growth in Italy and the opening of new markets in France and Germany, as well as the strengthening of local operations by adding new regional teams, building a new Zinta production facility, advancing the Toolbox platform, scaling the company’s proprietary software products, and pursuing strategic acquisitions.
At the same time, IT Genetics is considering distributing at least 50% of its profit as dividends to provide investors with predictability and stability. Over the next two to three years, IT Genetics aims for at least 25% of revenues to be generated outside Romania, supported by expanded commercial teams, platform localization, and the development of solutions tailored to each market.
(Photo source: press release)
Romanians are preparing to spend more this Christmas compared with last year, according to a new Raiffeisen Bank study conducted in partnership with research platform Appinio. The survey showed that 65% of respondents expect higher holiday expenses in 2025, while 26% anticipate spending similar amounts to 2024.
Half of those surveyed allocate between 25% and 50% of their total holiday budget to gifts. Most fall into spending brackets of RON 500–1,000 (41%) and RON 1,000–2,000(26%) for presents.
To cover seasonal expenses, Romanians rely primarily on their own resources: 47% use savings, and 46% rely on their December salary, while 18% turn to credit cards.
For Christmas meals, consumers plan to shop mainly at supermarkets and hypermarkets (75%), followed by online retailers (36%) and local producers or markets (nearly 30%).
The study also showed that half of Romanians intend to spend Christmas at home, either alone or with family, while 18% will visit relatives or friends, and only 8% plan a holiday in Romanian resorts.
Meanwhile, holiday preparations typically begin early, with 41% starting to organize two to four weeks in advance, and one-third beginning a month ahead.
Traditional holiday activities remain central, with 78% decorating the Christmas tree and home, 77% buying gifts, and 71% doing general house cleaning.
When asked what symbolic gift they would like from Santa besides health and luck, respondents most often mentioned money and peace.
The study is part of Raiffeisen Bank’s Despre Bani 1:1 research series. It was conducted in November 2025 using the CAWI method on a nationally representative sample of 750 people aged 18 to 65.
irina.marica@romania-insider.com
(Photo source: Airinsale/Dreamstime.com)
Authorities managing Romania's Bicaz Gorges–Hășmaș National Park has built a fish ladder system on the Bicaz River, which will allow protected species to migrate and reproduce.
There are several bridges and small bridge structures in the Bicaz River that have a “bottom sill,” meaning small waterfalls. Fish that do not jump like the trout cannot swim upstream through these waterfalls. The purpose of the ladder system is to facilitate migration and create a connection between the populations of these fish, so that the sills would not be an impassable barrier.
The ladder system is part of a large nature conservation project financed with European funds. The effort began in 2000, and so far has led to the repopulation of the national park’s rivers with protected fish species.
“We repopulated the national park’s rivers with protected fish species, bullhead; we rehabilitated forest habitats; we replanted deciduous forests and spruce forests; we rehabilitated riparian forests near Lake Roșu; and planted a so-called trophic barrier, an area where bears can find natural food and therefore will not come near populated areas, in this case at Lacu Roșu,” said Hegyi Barna, director of the Bicaz Gorges–Hășmaș National Park, cited by PetsCats.ro.
“The species swims upstream during mating. When the water reaches 10 degrees Celsius or above 10 degrees, specimens of this species begin to swim upstream. But they reach these dams and can no longer go up. And in the case of a national park and the running waters of a national park, it is vital for the populations of these species to have connectivity,” added Barna.
In total, there are six fish ladders in two different locations, and specialists continue to monitor their impact.
The park director explained that well-known ichthyologists have begun monitoring and have observed that the fish have already begun using the ladders.
(Photo source: Hegyi Barna on Facebook)
Romanians celebrate Saint Nicholas (Sfântul Nicolae) on December 6, a tradition that has grown far beyond its religious roots and signals the official start of the holiday season. The day is especially beloved by children, who eagerly prepare their freshly polished boots in hopes of finding small gifts in the morning.
Many Romanians also celebrate their name day on this occasion, including men named Nicolae or Niculai and women named Nicoleta or Niculina.
According to tradition, St. Nicholas arrives during the night of December 5 to December 6, leaving symbolic gifts such as oranges, chocolate, or small useful items inside boots. Larger presents are usually saved for Christmas.
Children who misbehaved are to receive a symbolic whip or stick instead. Traditionally, the stick is made from an apple-tree branch and placed in water after the holiday. If it blossoms by Christmas, it means the child had been forgiven by St. Nicholas - a symbol of kindness, forgiveness, and the spirit of the season, according to Digi24.
Moreover, Romanian folklore adds another seasonal detail: if it snows on December 6, it means St. Nicholas has shaken his beard, marking the true arrival of winter.
editor@romania-insider.com
(Photo source: Tatsiana Zayats/Dreamstime.com; AI generated)
Recorded shortly after the official release of Cravata Galbenă, The Yellow Tie, on November 14, the episode explores the emotional, artistic, and cultural layers behind one of the most ambitious Romanian film productions in recent years.
Throughout the discussion, Serge Ioan Celibidache reflects on what it means to carry a world-renowned name and how that shaped both his artistic path and personal story. The interview delves into the emotional responsibility of portraying a figure as iconic as Sergiu Celibidache, while giving space to the human side of the father-son relationship.
“For two hours, audiences step into the life of one of the greatest conductors the world has ever known. Behind this film stands his son, who turned a family story into an international cinematic project.”
The episode bridges themes of heritage, belonging, cultural pride, and the creative process behind transforming a deeply intimate story into a film meant for global audiences.
Directed by Serge Ioan Celibidache, The Yellow Tie is a Romanian production filmed entirely in Romania and featuring international actors, including Ben Schnetzer, John Malkovich and Sean Bean. The film seeks to present Sergiu Celibidache’s life beyond the public image: his genius, his struggles, his philosophy, and the defining moments that shaped him.
During the interview, Serge shares insights into:
The full episode is available now:
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Voices of Romania, produced by Romania-Insider.com, brings forward the people shaping Romania’s image in the world, from business leaders and innovators to artists, athletes, and creators. Each episode is recorded in the field, capturing authentic stories directly from the places where change happens.
Produced by Romania-Insider.com | Host: Dylan Delhommois
Romania is among the European countries where water reserves are decreasing at an alarming rate, according to an analysis carried out by researchers from University College London in collaboration with The Guardian and Watershed Investigations.
Scientists analyzed data from the period 2002–2024 provided by satellites that monitor changes in the Earth's gravitational field. Because water has a large mass, variations in groundwater levels, rivers, lakes, soil moisture, and glaciers appear in the detected signal, allowing satellites to effectively ‘weigh’ how much water is stored.
The findings show a pronounced imbalance: northern and northwestern Europe, especially Scandinavia, parts of the United Kingdom and Portugal, are becoming increasingly humid, while extended regions in the south and southeast, including areas in the United Kingdom, Spain, Italy, France, Switzerland, Germany, Romania, and Ukraine, are drying rapidly.
The researchers separated groundwater data from the total terrestrial water storage and found that it reflects the same tendency, confirming that a large part of Europe’s hidden freshwater reserves is in decline. Groundwater accounted for 62% of the total public water supply and 33% of agricultural water demands during 2022 across EU member states.
“When we compare the total terrestrial water storage data with climate datasets, the trends broadly correlate,” said Mohammad Shamsudduha, professor of water crisis and risk reduction at UCL. “We’re no longer talking about limiting warming to 1.5°C; we’re likely heading toward 2°C above preindustrial levels, and we’re now witnessing the consequences,” he added.
In response to this crisis, the European Commission developed a water resilience strategy to manage water as a resource.
The strategy aims to build a “water-smart economy” and is accompanied by a recommendation on water efficiency, calling for an improvement of “at least 10% by 2030.” Given that distribution network losses range between 8% and 57% in the EU, the Commission says that reducing leakage and modernizing infrastructure will be essential.
(Photo source: Ahmad Marzuky | Dreamstime.com)
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Ordonanţa de urgenţă adoptată de Guvern vineri modifică titlul VIII „Accize şi alte taxe speciale” din Legea nr. 227/2015 privind Codul fiscal şi alte măsuri fiscal. Astfel se limitează eliberarea de ţigarete pentru consum cu trei luni înainte de majorarea nivelului accizelor. „Actul normativ instituie, în vederea diminuării practicii de eliberare pentru consum masivă de […]
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Un grup de experţi numiţi de ministrul Sănătăţii din echipa lui Donald Trump, Robert Kennedy Jr., un cunoscut vaccinosceptic, a decis vineri să renunţe la recomandarea vaccinului contra hepatitei B tuturor nou-născuţilor, decizie luată împotriva avizului a numeroşi medici, informează AFP conform Agerpres. Decizia, adoptată cu opt voturi la trei, ar trebui să fie pusă […]
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EU agrees to permanently stop Russian gas imports and phase out Russian oil The European Union will effectively and permanently stop the import of Russian gas and move towards the phaseout of Russian oil under the provisional political agreement reached by the European Parliament and the Council today. This historic decision......
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Government Measures to Support the Population in Localities Affected by Water Supply Issues and to Remedy the Situation The Government, through the Ministries of Internal Affairs, Environment, Energy, Health, and the institutions responsible for managing emergency situations, has intervened to support the population in localities in Prahova and Dâmbovița counties......
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Tragerea la sorți pentru Cupa Mondială nu a fost lipsită de un scandal de proporții care îl vizează pe președintele Gianni Infantino. Vineri seară, 5 decembrie, a avut loc tragerea la sorți a grupelor pentru Cupa Mondială din 2026. Au fost prezente numeroase personalități din lumea fotbalului dar și cei trei conducători ai țărilor în […]
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Romanian prime minister Ilie Bolojan and Austrian chancellor Christian Stocker met in Vienna for talks focused on economic cooperation, regional security, and Romania’s path toward joining the Organisation for Economic Co-operation and Development (OECD), with Austria reaffirming its full support for the bid.
In a joint press conference on Thursday, December 4, chancellor Stocker described Bolojan’s visit as a strong signal of the “friendship and reliability” underpinning bilateral relations. He highlighted Austria’s position as the second-largest foreign investor in Romania, noting that more than 1,300 Austrian companies operate in the country and continue to reinvest profits.
Stocker also praised the Romanian community in Austria for its contribution to the local economy and social fabric, calling it an important link between the two states.
“Against the backdrop of this economic cooperation, I want to assure you, Ilie, that Austria explicitly supports Romania’s accession to the OECD, and we will continue and expand our cooperation,” the Austrian official said.
He also noted that both countries confront economic pressures, including high energy prices. Thus, he mentioned the importance of European-level solutions and pointed to the Neptun Deep offshore gas project, where OMV Petrom plays a leading role, as essential for strengthening Europe’s energy security.
Further on, Stocker also stressed that Vienna and Bucharest remain aligned in backing Ukraine, insisting that any future peace agreement must involve Kyiv directly and must not be imposed from the outside.
“We must also intensify our cooperation in the bureaucratic field, to achieve better laws and eliminate those regulations that weaken us in economic competition. Our companies must be able to rely on policies focused on growth rather than on fulfilling unnecessary conditions. Effective measures are also needed to combat climate change in a globalized world,” Christian Stocker stated.
“We want to develop a global capital market, and in the area of migration, Ilie, I would like to thank you very much for Romania’s contribution to protecting the European Union’s external borders and combating illegal migration. This is reflected in the significantly reduced number of asylum applicants.”
In turn, prime minister Ilie Bolojan said the discussions demonstrated the two governments’ determination to inject “new momentum” into political and economic cooperation.
He noted that Austrian companies in Romania provide more than 100,000 jobs and that bilateral trade reached around EUR 6 billion last year. Despite a decade of growth amounting to more than 60% in investment and trade, Bolojan said there remains “significant untapped potential,” which he plans to explore further alongside Stocker in meetings with businesses from both countries.
“The energy sector is an essential area of our economic cooperation, with Austrian companies playing an important role. I discussed with the chancellor how we can improve interconnections in our region in order to ensure a functional European energy market and find solutions to reduce the high prices we are currently facing, so that this market can operate more efficiently. This is an important issue for Romania, and I welcome the chancellor’s openness to working together,” Bolojan said.
The prime minister also highlighted opportunities for joint Romanian-Austrian involvement in future reconstruction efforts in Ukraine through the EU Strategy for the Danube Region.
Further on, Bolojan welcomed Austria’s continued backing for OECD accession and pointed to broader cooperation in education, culture, research and innovation, including expanding vocational training partnerships.
He also underscored the importance of the Romanian community in Austria, which is now the second-largest foreign resident group, calling it a “pillar” of the bilateral relationship and advocating further support for Romanian-language education abroad.
On European security, both leaders discussed developments in the Black Sea region, the need to secure a “just peace” for Ukraine, and the importance of accelerating EU enlargement, including opening negotiations with Moldova and progressing with Ukraine and the Western Balkans. They also reviewed negotiations on the EU’s next budget, stressing adequate financing for cohesion, agriculture, and competitiveness.
Ilie Bolojan invited chancellor Stocker to visit Bucharest next year to continue the talks.
irina.marica@romania-insider.com
(Photo source: Gov.ro)
Daniel Băluţă, the mayor of Bucharest's District 4, signed the order to start work on the extension of the M4 subway line on Thursday, December 4. The investment is valued at EUR 3.5 billion and the route will be 11 kilometers long, between Gara de Nord and Gara Progresul railway stations.
The extension will have 14 new stations, according to the authorities.
“The extension of the M4 line will bring 58.6 million passengers per year by 2040. It is perhaps the clearest sign that we are entering a new stage for the capital. We are investing EUR 3.5 billion, over RON 17 billion, non-reimbursable European funds, attracted by District 4, to unite the north and south of the city through a modern, continuous, and predictable metro line,” said Daniel Băluţă at a press conference held alongside the Social Democrat (PSD) minister of transport, Ciprian Şerban.
The subway extension will pass through the territories of Districts 1, 4, and 5 and the commune of Jilava, in Ilfov County.
The project will have two years of planning and five years of execution, creating 5.600 temporary jobs and around 900 permanent ones. The building phase will not disrupt the traffic, according to the mayor.
“In terms of infrastructure, the subway network grows by almost 22%, an unprecedented leap, through a single project. People will feel this directly. Less time wasted, fewer blockages, less stress,” Băluţă stated, according to Agerpres.
“I assure citizens that the start of these works does not mean that traffic will be disrupted,” added the District 4 mayor, who is currently running for general mayor of Bucharest.
Transport minister Ciprian Şerban, in turn, added that the subway line extension is the largest infrastructure project in the capital. As both politicians are part of the Social Democratic Party, they also used the opportunity to campaign.
The signing is a welcome reprieve for the PSD candidate for the general mayor, who has recently been under fire due to two scandals. The first concerns the authorization issued in 2023 for an 11-story building right next to the Bellu Cemetery in Bucharest.
The second regards the wealth of Daniel Băluță’s family. Journalists at Public Record revealed that Băluță’s parents bought seven apartments and a penthouse with parking spaces and storage rooms in the former Rin Grand hotel in District 4. The two pensioners paid EUR 460,000 for the purchases.
Polls give Daniel Băluță as one of the leading candidates for Bucharest mayor. The elections will take place on December 7.
(Photo source: PS4.ro)
Elon Musk's mother, Maye Musk, re-shared a post about the Craiova Christmas Market on X on Monday, December 1. She described the event as "beautiful" and included three emojis in her caption.
The original post highlighted that the Craiova Christmas Market was taking place in a safe environment.
"No concrete barriers. No armed guards. No tension in the air. Just thousands of people wrapped in Christmas lights, singing carols, drinking hot wine, and celebrating the birth of Christ in peace. Romania, you're showing the world what it looks like when a country still remembers joy, faith, and safety go hand in hand ~ God bless you. I pray the rest of Europe and America get this feeling back soon," the caption read.
Beautiful 🥰🤩🎄 https://t.co/zBBm4Y8TfF
— Maye Musk (@mayemusk) December 1, 2025
The caption alludes to the fact that many similar markets across Europe have had to implement stringent security measures due to terrorist threats. In past years, Islamist terrorists have targeted such markets and made use of cars to run over attendees. Conservatives and figures on the political right have used the attacks to criticize migration from Arab countries into Europe and the US.
Lia Olguța Vasilescu, the mayor of Craiova, reacted to Maye Musk's post on Facebook, saying that "even Elon Musk's mother finds the Christmas Market in Craiova beautiful."
Maye Musk is internationally known both for her career of more than five decades in fashion and for being the mother of Elon Musk, the founder of Tesla and SpaceX. She began her modeling career as a teenager and has appeared in numerous campaigns and on the covers of major magazines. After studying nutrition, Maye Musk also became a licensed dietitian, known for her conferences and books on a healthy lifestyle.
The Craiova Christmas Market was recently designated the most beautiful Christmas Market in Europe, within the annual competition organized by European Best Destinations (EBD), receiving over 142,000 votes from around the world, over the 56,000 received by the second-placed market.
radu@romania-insider.com
(Photo source: Facebook/Maye Musk)
Ten entrepreneurs and executives have launched Food Angels Hub, a community of investors dedicated to the food sector.
The aim of the hub is to “develop and scale functional and profitable companies in the food, hospitality and food-tech sectors” and “turn Romania into a reference point for food innovation in the CEE region.”
The founders of Food Angels Hub include: Radu Savopol, the co-founder of the coffee shop chain 5 to go; Daniel Donici, the co-founder of dairy producer Artesana; Alfred Dauteuil, the founder of Jerry’s Pizza; Călin Ionescu, the CEO of Sphera Franchise Group; Daniel Boaje, formerly the CEO of McDonald’s Romania; Albert Davidoglu, the CEO of Macromex; C-level executive and investor Costin Mândrea; Utku Ogrendil, CEO of PayPoint Romania; Florin Maxim, the founder of Hospitality Culture Institute; and Răzvan Gheorghiu-Testa, a founding partner of law firm Țuca Zbârcea & Asociații.
Food Angels Hub offers growth infrastructure for companies active in food production, services, and technology, from direct financing to mentorship, strategic consultancy, access to operational know-how, and partnerships with established industry players, the organization said.
Climate change, finite resources, and supply chain fragmentation will accelerate the need for innovation across food production, processing, logistics, and technology. The food industry will thus become a strategic sector in the future, not only from an economic perspective but also from the perspective of national security and geopolitical stability, according to an announcement from Food Angels Hub.
“The combined expertise of the Food Angels Hub network gives us confidence that, together with local companies in the food industry and the partners of the industry, we can support the Romanian ecosystem of food innovation. We want to work closely with founders and partners in the public and private sectors to accelerate the scaling and international recognition of Romanian brands in the food industry,” Florin Maxim, founding member and managing director of Food Angels Hub, said.
(Illustration: Food Angels Hub)
simona@romania-insider.com
Former MEP Vlad Gheorghe has withdrawn from the race for the Bucharest City Hall and urged people to support the candidate of the National Liberal Party (PNL), district 6 mayor Ciprian Ciucu. The announcement was made in a press conference on Tuesday, December 2, alongside the latter.
To motivate his decision, Gheorghe pointed at the rising score of extremist candidate Anca Alexandrescu, although he did not name her.
“The extremist candidate, with ties and history in the Social Democratic Party (PSD), has real chances of becoming mayor of the capital. At this moment, the responsible thing to do is to support Ciprian Ciucu, so that Bucharest remains a bastion of democracy and does not end up in the hands of PSD extremists. I ask all those who wanted to vote for me in the December 7 elections to support Ciprian Ciucu,” said Vlad Gheorghe, cited by Digi24.
In turn, Ciprian Ciucu thanked Gheorghe for his support. “We both have a clear vision for this city, one against bureaucracy, for eliminating corruption, and for bringing efficiency to the administration. What unites us are European and democratic values,” he said.
Ciucu also highlighted the current ranking in polls, according to the National Liberal Party. “The PSD candidate is stabilized in third place, the USR candidate in fourth place, with very little chance of growth, and is running a negative, divisive campaign,” he said.
Vlad Gheorghe’s announcement comes just a few days before the Bucharest elections, scheduled for Sunday, December 7. Despite his announcement, Gheorghe’s name will remain on the ballot.
Last week, Ciprian Ciucu also received the backing of the small center-right party Forta Dreptei, led by former prime minister Ludovic Orban, but also from the reformist party REPER.
At the end of November, Vlad Gheorghe published a poll conducted by the polling firm CIRA, which ranked the current mayor of district 4, Daniel Băluță, with 24%, followed by Ciprian Ciucu, the mayor of district 6, with 21%, and Anca Alexandrescu with 19%. Immediately after the poll was published, the former MEP appealed to the other candidates.
“If we don’t sit at the same table, there is a major risk that PSD or AUR will take over the capital. If that happens, we are all to blame,” Vlad Gheorghe wrote on his Facebook page.
A more recent poll, published on Monday and conducted by AtlasIntel at the request of HotNews, showed a different order in the Bucharest ranking: Daniel Băluță in first place, with 23.3%, followed closely by Anca Alexandrescu (23.2%), and Ciprian Ciucu in third place with 21.7%. In fourth place, according to the survey, is USR candidate Cătălin Drulă with 15.5%. Vlad Gheorghe was rated at 0.9% in voting intentions.
A lawyer by profession, Vlad Gheorghe, 40, holds a bachelor’s degree from the Faculty of Law, Romanian-American University, Bucharest (2004–2008), and a master’s degree in Tax Law from the University of Bucharest (2016–2017, without dissertation). He entered politics in 2015, as a volunteer for the Save Bucharest Union (USB), which later became USR. He resigned from USR at the beginning of 2024 following an internal scandal. That year, he ran for a new term as an MEP, as an independent, but did not gather the necessary votes.
(Photo source: Vlad Gheorghe on Facebook video capture)
Google has released its annual report on Romania’s most popular search trends, showing how politics and pop culture shaped online behaviour in 2025. Queries about Nicușor Dan, Ion Iliescu, and the viral toy Labubu stood out among the fastest-rising searches of the year, alongside major entertainment moments and high-profile public events.
The spring presidential election was one of the defining drivers of online interest. President-elect Nicușor Dan topped the overall trending list, while the death of former president Ion Iliescu generated one of the sharpest spikes in search activity. George Simion, Dan’s opponent in the election’s final round, also ranked prominently, and searches related to voter turnout reflected sustained public engagement with the electoral process.
The deaths of other global public figures, including former Pope Francis and US media personality Charlie Kirk, further contributed to peaks in Romanian search traffic, making it to the local top 10.
Entertainment and consumer trends played a major role as well. The reality show Insula Iubirii (Love Island), the FCSB–PAOK match, and the launch of the iPhone 17 all appeared among the year’s most prominent searches.
Labubu, the plush toy with a global cult following, became one of the most unexpected breakout terms of 2025. Kendama toys also recorded a significant resurgence in interest, though they fell outside the top 10.
Film searches were led by Nosferatu, followed by Anora, while Cravata Galbenă (The Yellow Tie) was the only Romanian movie to place in the top tier. Among series, Squid Game again captured the most attention, ahead of Adolescence, Ginny and Georgia, and Wednesday Season 2.
Holiday-related searches saw strong interest in travel, with the Christmas markets in Vienna and Budapest outpacing domestic favourites such as Bucharest and Craiova. In the recipes category, traditional Easter dishes, such as drob de miel, roasted lamb and pască, continued to dominate Romanian searches, but the Dubai chocolate also made it to the top.
The questions Romanians asked in 2025 reflected both major news developments and everyday concerns. Popular queries ranged from “How is the Pope chosen?” and “How did the diaspora vote?” to “How does Labubu look?”
Artificial intelligence also became a major theme, with rising searches for the AI Olympiad, free AI tools, Google’s AI systems, and online training courses.
Google’s trending lists are based on searches that saw more than tenfold monthly growth compared with 2024, covering the period from January 1 to December 3. By excluding spam, navigational queries, and repeated searches, the analysis highlights the trends that shaped Romanians’ online curiosity in 2025.
irina.marica@romania-insider.com
(Photo source: press release)
The Canadian company Eldorado Gold has agreed to the sale of the Romanian gold mining project Certej, in Hunedoara County, for a total amount of up to USD 30 million, Profit.ro announced. The new owner of the license, subject to an extension request not settled yet, is Toronto Stock Exchange-listed Varvara Development Group (formerly O Rei Resources Corp), which pledged not to use hazardous technologies based on cyanides that prompted protests from non-government organisations and blocked the project.
Varvara Development has already employed key figures to speed up the project, which has been held up by bureaucratic and environmental obstacles.
Among the members of the managing board there are Johan Meyer (formerly CEO of Franklin Templeton Romania and portfolio manager of Fondul Proprietatea for almost 9 years November 2016 - June 2025), Mark Beacom, the general manager of Black Sea Oil&Gas (BSOG), the main concessionaire and operator of the Midia offshore natural gas field in the Romanian Black Sea, controlled by the American asset management group Carlyle, and Andrew Noble, the former British ambassador to Romania from 2018 to 2023, who brings "a nuanced understanding of political risk, stakeholder engagement and regulatory environments in emerging European markets," according to Varvara Development Group.
At this moment, Varvara Development ceded 17% of its shares, valued at USD 4.5 million. The agreement stipulates that the remaining money, up to a total amount of USD 30 million, will be paid as follows: USD 3.5 million upon the extension of the project's mining license by the Romanian authorities, USD 10 million upon the start of commercial production, and USD 12 million one year after the start of production.
"The company has changed its name [...] to better reflect its new business: the safe and sustainable development of mining assets in Romania, using a cyanide-free approach. 'Varvara' is the Romanian patron saint of miners," the new owner of the Certej project developer said on November 28.
The concession license for the exploitation of the Certej gold, silver, and industrial andesite deposit perimeter with resources evaluated at RON 9 billion (EUR 1.8 billion) is held by the Romanian company Deva Gold, in which Dutch-registered Eldorado Gold Romania BV, which is the subject of the transaction, has over 80% of the shares. The other major shareholder of the Deva Gold concessionaire in Certej is the Romanian state-owned mining company Minvest SA (19.25%).
Eldorado Gold previously said it wanted to invest USD 270 million in Certej and to extract an average of over 4 tonnes of gold and 20.5 tonnes of silver annually. The mine's operating life at Certej is expected to be 12 years.
In December last year, the mining regulator agency ANRMPSG initiated a draft government decision to approve the extension of the Certej exploitation license until 2030, but the decision has not been adopted to date, so Deva Gold sued the agency and the government, requesting the court to oblige the defendants to extend the license.
In 2019, the project was permanently blocked in court, by annulling the Urban Zonal Plan (PUZ), which had made it impossible to issue construction permits for the gold mine planned there by Eldorado Gold.
Separately, the project faced strong opposition from several national and international non-governmental organisations, which continues to this day. The company is accused of wanting to exploit cyanide in the Apuseni Mountains. The new owner of the developer now says it will not use cyanide.
iulian@romania-insider.com
(Photo source: Mykhailo Polenok/Dreamstime.com; AI generated)
Daniel Băluță, the Social Democrats' (PSD) candidate for the general mayor elections in Bucharest scheduled for December 7, and the independent candidate supported by isolationist party AUR, Anca Alexandrescu, lead in the voting intentions of Bucharest residents, separated by only 0.1% percentage points, according to an opinion poll conducted by the AtlasIntel institute for Hotnews.ro.
Specifically, Băluță is rated at 23.3% of the voting intentions and Alexandrescu at 23.2%.
While Băluță's leading position may not be surprising, Alexandrescu seems to have gained significant ground based on the past polls showing her in fourth place.
The two are followed very closely, at 1.5 pp, by Liberal (PNL) candidate Ciprian Ciucu. Save Romania Union (USR) candidate Cǎtǎlin Drulǎ falls in fourth place with only 15.5% of the voting intentions, down from 18.1% (third place) in another poll conducted by AtlasIntel a couple of weeks ago.
The research was conducted between November 27 and 30, on a sample of 2,964 respondents from Bucharest.
In the AtlasIntel poll two weeks ago, Ciucu led the rankings (19.2%), Băluță (18.6%) was in 2nd place, and Alexandrescu (17.9%) was in 4th place.
iulian@romania-insider.com
(Photo sources: Inquam Photos/George Calin and Codrin Unici; Facebook/Anca Alexandrescu)
President Nicușor Dan used his National Day speech on Monday, December 1, to offer a blunt view of Romania, which he said is still “a corrupt country,” but noting that the situation has improved over the past 20 years. Speaking at the Cotroceni Palace reception, he said Romanians are justified in feeling that the state lacks the will to fight corruption and in being frustrated when “corrupt people give moral lessons on television.”
In his speech, the president urged citizens to view Romania’s current moment with “balance and lucidity.” He acknowledged that living standards have declined compared to last year, but stressed that conditions remain far better than two decades ago and more favorable than in several neighboring countries.
“Romania is a corrupt country, and Romanians are right when they say they do not see a will from the state to fight corruption, and they are also right to be outraged when corrupt people appear on television to give them moral lessons. Still, we are less corrupt than we were 20 years ago,” he stated.
“It is also true that all the corruption during this period has held us back. We could have been much further along and living much better than we do today. It is also true that in recent months we have not seen corruption at the top of the Romanian state.”
Further on, Dan pointed to persistent weaknesses in core public systems, calling the education system “weak to very weak” despite areas of excellence, and describing the healthcare system as “far from where it could have been” given the significant public funds invested. Still, he noted early signs of progress, including the construction of new hospital buildings financed through the EU’s Recovery and Resilience Facility.
Turning to the economy, the president praised the dynamism of the private sector, which he said has managed to double Romania’s GDP in the last decade. However, he warned of a large trade deficit and the absence of a coherent economic policy. He also emphasized that Romania has kept its schedule for OECD accession.
Nicușor Dan also referred to the cancellation of the 2024 presidential elections as a setback that raised doubts about Romania’s democratic stability among both citizens and international partners. He said that authorities now have evidence of illegal influence in those elections and of a decade-long disinformation campaign led by Russia in Romania and Europe. However, he noted that a complete report on the events of the previous year has yet to be released.
Further on, the president highlighted Romania’s position within the European Union, noting that the country has received around EUR 100 billion in EU funding but has not always made its voice heard in Brussels. He cited the Schengen case as an example of Romania being “clearly wronged,” while stressing that the country has recently shown greater maturity in negotiations on technical matters.
Dan also referred to the departure of around 5 million Romanians in recent years, saying many left due to economic hardship or a sense of injustice. “But they are a calling card for Romania and a huge potential for the country, as long as we manage to build a fair relationship with them,” he stated.
In the same speech, president Dan acknowledged shortcomings in public administration, including delays and inefficiencies in digitalization, but noted that Romania has built 500 kilometers of highway and express road over the past five years.
Calling for a more constructive public debate, Nicușor Dan criticized the political climate as dominated by slogans and “shouting.” He urged politicians and citizens alike to “lower the volume,” listen to one another, and approach national challenges with calm and balance.
The president closed his speech by encouraging Romanians to maintain confidence in their country, invoking both the legacy of the 1918 Union and the responsibility owed to future generations.
irina.marica@romania-insider.com
(Photo source: Presidemcy.ro)
More than 80% of the electricity production capacity of the new nuclear reactors in the works in Romania could power a Black Sea AI Gigafactory project, according to a plan laid out by the government.
Romania has already secured financing and partners to develop units 3 and 4 at the Cernavodă nuclear power plant, with a total installed capacity of 1,400 MW, as well as a small modular reactor (SMR) power plant of 462 MW at Doicești. About 1,500 MW of this newly installed power could go towards 100,000 AI accelerators housed by an AI Gigafactory.
“The project provides for the installation of over 100,000 AI accelerators in two distinct locations: Cernavodă (Phase I) and Doicești (Phase II), both selected for their strategic advantages in terms of energy, digital infrastructure, and access to international connectivity. The project will be powered by an energy mix of up to a maximum of 1,500 MW, positioning Romania as a strategic hub for high-performance computing, environmentally friendly, with carbon-free nuclear energy,” according to a memorandum approved on Thursday, November 27, and cited by Profit.ro.
The Black Sea AI Gigafactory project has been announced before, but the government has now designated the Energy Ministry as the main coordinator of the project. The ministry will plan for the locations of the Gigafactory, identify energy sources, connections to the grid, and handle the relationship with the European High Performance Computing Joint Undertaking (EuroHPC JU), a public-private initiative which seeks to make Europe a world leader in supercomputing, and the European Commission.
In addition, the Ministry of Energy and the Ministry of Finance are mandated as coordinators in charge of preparing, negotiating, and involving relevant actors from the public, private, academic, and research sectors for the Black Sea AI Gigafactory project.
Romania is competing with other member states to host such centres, with the stake being to obtain partial financing for the project.
“It is estimated that the national Black Sea AI Gigafactory project will require an investment of EUR 4–5 billion and that it will be operational at the end of 2028. Public authorities, both at the EU level and at the national level, can finance up to 35% of total CAPEX (capital expenditures), with most of the financing needing to be mobilized through private partners/investors, national development banks (in Romania’s case, the Investment and Development Bank) and institutional investors,” the government said in the memorandum.
To develop the project, the executive also sent an official letter to the World Bank asking for technical assistance. This request has already been discussed with representatives of the institution during the annual meetings of the World Bank Group in October.
According to the International Atomic Energy Agency, major tech companies have turned to nuclear energy to power data and AI centers. A similar trend can be observed in other industries seeking clean 24/7 power and heat, such as petrochemicals and cryptocurrency.
Romania’s nuclear sector, represented by Nuclearelectrica (BVB: SNN), has a long tradition of operating safely and is backed by the state. Nuclear power accounts for over 17% of the country’s energy consumption at the moment.
Romania also collaborates with the United States for the development of the Doicești SMR plant, based on the Intergovernmental Agreement on cooperation.
(Photo source: Pavel Kachanau | Dreamstime.com)
The Romanian authorities will only supervise the operations at Lukoil’s Petrotel refinery and not be involved in its management until a new owner is found, according to an emergency ordinance approved by the government in Bucharest this week, as reported by Hotnews.ro. Russian group Lukoil is seeking buyers for its international assets, after it came under US sanctions as an entity of the Russian state.
Separately, Lukoil’s license for the offshore perimeter Trident may be cancelled, under amendments to the Oil Law to address situations where license owners come under international sanctions.
As regards Lukoil’s third important assets in Romania, the filling station network was allowed by the US authorities to operate until April 2026, Romanian foreign minister Oana Toiu said.
The Treasury Department in Washington announced on December 4 that Lukoil could continue to operate gas stations under its own name in the US and other countries until April 29. However, revenues could not be transferred to Russia.
The emergency ordinance approved by the government of Romania to manage the situation at Petrotek refinery introduces an “extended supervision” mechanism, which allows the government to intervene directly in the activity of Romanian companies that are affected by international sanctions.
The main instrument introduced by this normative act is that of special supervision, according to a government press release. This allows the Romanian government, with the approval of the Supreme Council for National Defence (CSAT), to intervene in situations where international sanctions may have a significant economic impact on the national economy or key sectors.
The relevant ministry may propose the establishment of this measure and the appointment of a supervisor to manage the situation.
Special surveillance can be activated either at the request of the company concerned or ex officio, by government decision, and can be revoked once the conditions that justified it have ceased to exist.
iulian@romania-insider.com
(Photo source: Mira Agron/Dreamstime.com)
Prime minister Ilie Bolojan will travel to Vienna on December 3-4 for an official visit mainly focused on energy cooperation and strengthening bilateral ties. The visit takes place at the invitation of Austria’s federal chancellor, Christian Stocker, according to the official announcement from the Romanian government.
The agenda includes meetings with chancellor Stocker, who will be joined by federal minister for Europe, integration and family Claudia Plakolm, federal minister of economy, energy and tourism Wolfgang Hattmannsdorfer, and finance minister Markus Marterbauer.
Ilie Bolojan and his Austrian counterpart will hold a private discussion followed by extended talks with their delegations and a working lunch with representatives of Romanian and Austrian companies. The prime minister will also attend the National Day reception hosted by the Romanian Embassy in Austria.
“The main objective of the visit is to strengthen bilateral relations both politically and economically, as well as to improve coordination at the regional and European levels, given the current challenges in the region. Economic cooperation will also target other sectors with potential for increased investment in both markets,” the Romanian government announced.
A key priority of the visit is advancing cooperation in the energy sector, particularly in securing affordable electricity prices, improving regional energy security, and accelerating projects to enhance electricity interconnections among neighbouring states. Bolojan is expected to raise these issues directly with chancellor Stocker.
Discussions will additionally address Austria’s support for Romania’s bid to join the Organisation for Economic Co-operation and Development.
Before arriving in Vienna, Ilie Bolojan will stop in Budapest for talks with Hungarian prime minister Viktor Orbán, joined by UDMR leader Kelemen Hunor. The meeting will focus on Romania-Hungary-Austria cooperation in developing regional electricity interconnection projects.
The Romanian delegation to Vienna will include energy minister Bogdan Ivan, foreign minister Oana Țoiu, Chancellery head Mihai Jurca, and state secretary Dragoș Hotea.
irina.marica@romania-insider.com
(Photo source: Gov.ro)
Romania’s Chamber of Deputies adopted an emergency ordinance on Wednesday, December 3, regulating the right to drive motor vehicles on public roads for persons who hold a driving license issued by a state that is not a member of the European Union.
The normative act creates the legal premises for granting the right to drive in Romania, without the condition of holding an international driving license, according to Agerpres. It primarily targets citizens of NATO and OECD states, but also states with which Romania has a strategic partnership.
The right will be given under conditions of reciprocity and for a determined period, to persons who hold a national driving license issued by the authorities of a state that is neither a member of the Convention on Road Traffic nor a member of the European Union, or with which Romania has not concluded a treaty regarding the mutual recognition of driving licenses.
According to the draft, both the driving periods and the states of the issuing authorities of the driving licenses will be established by government decision, from among the following: states with which Romania has strategic partnerships, states that are members of the North Atlantic Treaty Organization, or members of the Organization for Economic Cooperation and Development.
The draft also targets granting the right to drive motor vehicles on public roads for members of diplomatic missions, consular offices, and representations of international organizations accredited in Romania, for the duration of their accreditation.
“Holders of national driving licenses issued by the authorities of other states may drive on the territory of Romania, for a determined period, if they also hold a valid passport issued by that state,” the ordinance states.
The normative act was also adopted by the Senate, and the Chamber of Deputies is the decision-making body in this case.
(Photo source: LCVA | Dreamstime.com)
Authorities in Romania, such as the Environment Ministry, the Romanian Waters, and the Prahova local water authority Exploatare Sistem Zonal Prahova, have passed responsibility to each other for the ongoing water crisis that has left over 100,000 people without clean drinking water in the counties of Prahova and Dâmboviţa, as well as schools and hospitals in the area.
Problems with the water supply in the region first started on Friday, November 5, and were generated by the decrease in the water level in the Paltinu reservoir caused by scheduled hydrotechnical works at the dam, combined with the increase in turbidity and volume of sediments caused by rain. The sediments affected the quality of raw water and imposed the interruption of the drinking water supply in 12 localities in Prahova County and one locality in Dâmboviţa County.
Experts confirmed that the crisis originated in the lack of communication between institutions, according to Digi24.
The crisis was commented on by numerous state representatives and was used as an occasion to ask for resignations and assign blame.
The Ministry of the Environment denied that it was aware of the risk of water supply interruption in localities in Prahova and that it ignored warnings regarding the situation at Paltinu, stating that Exploatare Sistem Zonal Prahova, the institution responsible for treating and supplying water, did not report that the increased turbidity “could lead to the impossibility of treating the water and, implicitly, to the interruption of the drinking water supply.”
Ministry representatives said that ESZ Prahova failed to report risks in several technical meetings. A
ccording to the institution, the water operator ESZ Prahova had the legal and contractual obligation to maintain minimum water reserves, to immediately report any technological limitations of the station, evaluate the impact of turbidity on the treatment process, inform the Ministry and local authorities in case of a possible interruption, and to activate alternative sources. “None of these obligations was fulfilled,” the Ministry of the Environment stated.
The institution also specified that the Decision of the Prahova County Committee for Emergency Situations of November 6 “does not warn of a risk of supply interruption due to the lowering of the water level following the works for the Paltinu reservoir, but of a risk of interruption of the drinking water supply if this work had not been carried out,” according to News.ro.
In turn, Bogdan Chiţescu, general director of Exploatare Sistem Zonal Prahova (ESZ Prahova), stated on Sunday, November 30, that the environment minister pressured the company to allow household water to circulate for bathroom use, but that he and the Public Health Directorate (DSP) opposed due to healthcare risks. Diana Buzoianu was also reprimanded by Social Democratic Party leader Sorin Grindeanu for the “chaos” in Prahova.
President Nicuşor Dan also weighed in on the scandal on Wednesday, December 3, stating on Facebook that attacks on the incumbent environment minister Diana Buzoianu are part of the political campaign for the Bucharest mayoral elections, set to take place on December 7.
Nevertheless, the president said, the situation is difficult and “shows how serious the consequences of the lack of proper anticipation and communication between state institutions can become.”
“The control launched to analyze the situation at Paltinu will determine who was at fault, and all those responsible must be held accountable. But beyond this evaluation, hiring for leadership positions within various state authorities must certainly be based solely on competence criteria. Even if it will be a long process, increasing the efficiency of the public administration is mandatory so that the state can fulfill its mission of serving the citizens,” Dan stated.
“We must determine who is at fault. In my opinion, although of course control authorities will assess this, the fault lies with Romanian Waters (Apele Române),” the head of state added, drawing a parallel between the situation at the Paltinu dam and the Praid Salt Mine collapse, another disaster supervised by Romanian Waters.
On Thursday, December 4, a week since the start of the water crisis, ESZ Prahova announced that it is currently waiting 3 days for the results of the microbiological analyses before distributing water to the population again. As a result, water could be delivered again by Sunday or Monday, December 7-8.
(Photo source: Departamentul pentru Situaţii de Urgenţă on Facebook)
Environment minister Diana Buzoianu said during an interview on Thursday, December 4, that she will not resign following the interruption of the drinking water supply in several localities in Prahova and Dâmboviţa counties, which has been affecting over 100,000 people, as well as hospitals and schools. She argued that the ministry she heads bears no responsibility for the issue and pointed to local authorities.
The statement comes after Social Democrat (PSD) senator Daniel Zamfir asked that Buzoianu, who is backed by the reformist center-right party Save Romania Union (USR), be dismissed by prime minister Ilie Bolojan. Zamfir, who has long campaigned inside the ruling coalition to have the minister replaced, claimed she was aware of the issues at the Paltinu Dam, which led to the interruption in drinking water, Agerpres reported.
During the interview, the environment minister said senator Zamfir asks for her resignation every week.
“No one is perfect, but in this case, there is no trace of a mistake at the level of the Ministry of the Environment, and the reason there is none is because, in reality, these works should have been managed entirely at the local level,” Diana Buzoianu said, cited by Digi24.
The official noted that the problem is the result of systemic corruption, fostered for over 30 years. In this case, she pointed to one of the institutions she considers responsible for the Prahova water crisis, Exploatare Sistem Zonal Prahova. The company has political backing and is unnecessary, she said.
“In this whole country, water is treated and reaches people through a single operator, whether it is private, owned by the County Council, or the Local Council. Only in Prahova is there a need for two operators. [...] Prahova is the county where one of the highest water prices is paid. One of the reasons is clearly this hybrid system that does not work,” Diana Buzoianu declared.
During the same interview, the minister said that the director of the company Exploatare Sistem Zonal Prahova threatened her from the very first meeting she attended regarding the drinking water crisis.
“There are 100,000 people who were left without water, and he is bragging about the possible political pressure he can exert because he has political backing,” Diana Buzoianu stated.
On Thursday, state-owned authority Romanian Waters said that the distribution of water to household consumers in Prahova county will resume after mandatory safety tests. After priming is completed, the Prahova Public Health Directorate will collect water samples to analyze quality parameters. Reintroduction of water into the Hidro Prahova networks will be carried out only after confirming that the water meets all physiological and bacteriological parameters, according to News.ro.
Over 107,000 people are affected by the lack of drinking water, as well as institutions, schools, and healthcare facilities. Earlier this week, Romania’s National Committee for Emergency Situations decided to distribute drinking water from the state reserves to the 13 localities in the counties of Prahova and Dâmboviţa.
(Photo source: Diana Buzoianu on Facebook)
The far-right opposition parties in the Romanian Parliament are set to file a motion of no confidence against the government headed by prime minister Ilie Bolojan. The motion, authored by senator Ninel Peia of the Peace – Romania First group, is specifically aimed at the reformist party Save Romania Union (USR), and is entitled “Romania Is Not for Sale – A Government without USR.”
Initiators say they already have 119 signatures, and that the motion will be submitted on Friday, December 5. Peia also noted that the motion has the backing of the far-right Alliance for the Union of Romanians (or AUR) party, according to News.ro.
Signatures also came from inside the government coalition. Former prime minister Victor Ponta, a deputy elected on the lists of the Social Democratic Party (PSD), announced that he signed the motion.
“This is an initiative of over 22 parliamentarians who understand the danger to Romania represented by the takeover of the State (Foreign Affairs, Defense, Economy, Environment, Public Radio, companies in which the State is a shareholder) by the group called USR, a group controlled and directed by external forces and which acts against the national interest,” Ponta said on Facebook.
Victor Ponta, who led PSD between 2010 and 2015, encouraged Social Democratic parliamentarians and coalition partners in the National Liberal Party (PNL) to “battle against this anti-Romanian group called USR.” The three parties, alongside the Hungarian minority party UDMR, currently form the governing coalition, reuniting over 65% of the seats in the legislature.
The Social Democratic Party, longtime opponents of the USR reformists, have recently criticized USR representatives like the outgoing defence minister Ionut Mosteanu and environment minister Diana Buzoianu. The first was criticized for irregularities with his studies and eventually resigned, while the latter was blamed by PSD leader Sorin Grindeanu for causing the ongoing Prahova water crisis.
However, chances of the motion passing are small, since PSD and PNL would effectively be voting against their own government. Grindeanu noted that Victor Ponta, who unsuccessfully ran for president early this year, is no longer a member of PSD and that the party's deputies are unlikely to vote for the motion.
The government survived a no-confidence vote in the summer. Back then, 134 MPs voted in favor, out of the 154 initially appointed by the three main opposition parties (AUR, SOS, and POT). At least 233 votes are needed to overthrow the government.
(Photo source: Ninel PEIA on Facebook)
The opposition filed a no-confidence motion on Friday, December 5, against prime minister Ilie Bolojan’s government, accusing it of failing to manage key sectors and calling for its immediate resignation, Agerpres reported. The motion, titled “Romania Is Not for Sale – No Progressives in Government,” was submitted to both chambers of Parliament by Senate quaestor Ninel Peia of the PACE – First Romania party.
Peia urged Social Democratic Party (PSD) lawmakers to back the initiative, saying the country must “get rid of the progressives.” The motion criticizes the Ilie Bolojan cabinet for what its initiators describe as an inability to manage finance, health, education, social protection, justice, and public administration - “all vital sectors that define the life of a free and dignified nation.”
According to Ninel Peia, the motion has been signed by 118 MPs, including members of AUR, PACE – First Romania, unaffiliated lawmakers, and former prime minister and PSD leader Victor Ponta. The opposition does not, however, hold the 232 votes required for the motion to pass in the 463-seat Parliament.
According to Hontnews.ro, the Parliament’s leadership has set the legislative calendar, with the text to be read on Monday, December 8, immediately after the Bucharest local elections. The debate and voting are scheduled for December 15.
Speaking in Vienna on Thursday, prime minister Bolojan said the government would follow parliamentary procedure. “If a no-confidence motion is filed, the parliamentary process takes place, and that will test the support the government enjoys,” he stated.
Back in September, the government headed by prime minister Ilie Bolojan survived four no-confidence motions filed by the opposition in response to the five draft laws promoted under accelerated legislation procedure in Parliament.
irina.marica@romania-insider.com
(Photo source: Inquam Photos/George Calin)
President Nicuşor Dan, on December 4, returned to Parliament amendments tightening Romania’s law against extremism, arguing that several provisions are vague and risk enabling abuses, according to a statement released by the Presidency.
The Constitutional Court had previously upheld the amendments after the Presidency challenged them, prompting criticism from organisations within the Jewish community. By sending the bill back instead of promulgating it, the president reopened debate over his political impartiality.
President Dan said the legislation must be drafted with clarity to avoid unintended consequences in an already polarised society. He warned that the revised text could allow punitive measures against individuals with no link to extremist activity.
“Some articles can be interpreted abusively, which could turn people unrelated to extremism into criminals. For example, the new law provides for prison sentences of one to five years for distributing any material containing xenophobic ideas, without distinguishing between extremist propaganda materials and literary works or historical texts. Romania needs both firmness and balance. Both are essential for defending democracy,” he said.
The Parliament adopted the amendments in June at the initiative of Jewish MP Silviu Vexler. The update strengthened existing prohibitions on celebrating fascist leaders or symbols and introduced prison sentences for promoting anti-Semitism and xenophobia on social media platforms.
The president’s decision sends the text back to the legislature for reconsideration, with lawmakers required to reassess the provisions flagged as insufficiently precise.
iulian@romania-insider.com
(Photo source: Inquam Photos/George Calin)
Romania’s Fiscal Council expressed cautious optimism that the fiscal measures adopted in the second half of 2025 could reduce the budget deficit to around 6.5% of GDP in 2026, according to its assessment of the second budget revision approved by the government. The Council stated that such an outcome would represent a significant improvement from the 2024 level and align with Romania’s medium-term budgetary and structural commitments.
The institution noted that the country’s tax revenues remain among the lowest in the European Union. In 2024, Romania collected tax revenues equal to 28.7% of GDP, compared with 35% in the Czech Republic, 35% in Hungary, 37.5% in Poland, and an EU average of 40.1%.
The Council said that the chronic under-collection reflected long-standing neglect of the need to ensure tax revenues adequate to societal demands.
The Council also stressed that improving tax collection is “a matter of national security”, citing the pressure on the public budget and the broader international context. It reiterated that reducing the fiscal deficit cannot rely exclusively on expenditure cuts, a position it described as confirmed by the structure of measures introduced by the government in 2025.
The body rejected the view that significantly higher immediate tax collection could be achieved without adjustments to the fiscal framework. It also argued that a substantial reduction in public expenditure capable of avoiding tax changes was unrealistic given the urgency of fiscal correction.
According to the Council, the widening of the budget deficit in 2024 - recorded at 8.67% of GDP in cash terms and 9.3% under the ESA methodology - resulted mainly from increases in permanent expenditure. It noted that the composition of spending contributed to the difficulty of achieving consolidation without changes to taxation.
The Council concluded that the combination of revenue-raising measures, improved administration, and controlled expenditure growth provided a credible path toward fiscal adjustment in 2026, while warning that the targets would require sustained political commitment and administrative capacity.
iulian@romania-insider.com
(Photo source: Arlawka Aungtun/Dreamstime.com)
The Treasury set a coupon of 6.55% for the 2-year state bonds on sale in the primary retail market in December, 40 basis points from 6.95% paid in November, and 65 basis points lower compared to October. The coupons for the other maturities have decreased accordingly to 7.1% for the 4-year maturity (-25 bp from November) and 7.5% for the 6-year maturity (25 bp from November), Cursdeguvernare.ro reported.
The yield curve has shifted downwards since June, before the first package of budgetary reforms that included a 2 percentage points VAT rate hike, by 80 bp for the 2-year maturity and 45 bp for upper medium (6-year) terms. This was despite the upward revision of the inflation trajectory for the second half of 2025 and the first half of 2026 following the VAT rate hike and the electricity price deregulation.
Despite both higher expected inflation and lower coupons, the Romanian state bonds still generate real positive yields: the 6.55% coupon for the 2-year bonds compares to an average consumer price inflation of under 3.5% per year over the next two years.
For comparison, one of the few 24-month deposits sold by a large bank (Maxiplus 24 luni) pays 3.8% subject to 10% income tax, which brings the real gain roughly in line with the expected consumer price inflation.
The maturity of the bonds denominated in euros sold by the Treasury starts from 3 years (3.75% coupon, 15 bp down m/m). The 5-year bonds denominated in euros pay 4.75% in December (-25 bp m/m) while the 10-year bonds pay 6.2% (-10 bp m/m).
iulian@romania-insider.com
(Photo source: Breeze393/Dreamstime.com)
Romanian defense minister Ionuț Moșteanu resigned on Friday, November 28, after a scandal regarding inconsistencies in his resume triggered by a journalistic investigation. The controversy erupted after Libertatea reported that Moșteanu had falsely claimed in his first official CV to have graduated from Athenaeum University - an institution that said he was never a student - prompting him to admit it was a “mistake” and to present a different diploma obtained in 2015.
Prime minister Ilie Bolojan confirmed that he has taken note of Ionuț Moșteanu’s resignation as minister of defense, adding that he will propose to the president that the interim position be filled by Radu Miruță, the minister of economy.
In the official announcement on Friday, Moșteanu said he communicated his decision to resign to the president, prime minister, and party leadership.
“Romania and Europe are under assault by Russia. Our national security must be defended at all costs. I do not want discussions about my education and the mistakes I made many years ago to distract those who now lead the country from their difficult mission,” he stated.
The outgoing minister highlighted that during the five months in office, he “strengthened relationships with allies, monitored and accelerated equipment programs, improved the legal framework, and defended the rights of those who serve the homeland.” He also suggested that he disrupted corrupt interest groups in the defense sector.
Earlier this week, Ionuț Moșteanu published his bachelor's degree on Facebook in response to the investigation and attacks from the leader of the far-right opposition party AUR, George Simion. Criticism also came from the leading ruling Social Democratic Party, or PSD, which has routinely exchanged blows with Moșteanu’s reformist, center-right party, Union Save Romania (or USR), despite forming a coalition.
In the post accompanying his bachelor’s degree, Ionuț Moșteanu explained that he holds a BSc in management obtained in 2015 from Bioterra University, an institution with a rather low profile. He added that he attended courses at Athenaeum University in the 90s and that he interrupted courses at the more prestigious Computer Engineering University to work.
He also admitted to a key mistake. “In a CV that I quickly made in 2016 by using an online template, there remained a mistake which, I admit, embarrasses me. I did not pay much attention to these details at the time. For this, I apologize,” he said in the post on Facebook.
The issue is not simply one of reputation. Between 2015–2016, Ionuț Moșteanu was an adviser in the Ministry of Transport and a member of the Board of Directors of several state-owned companies, positions that required, according to the legislation in force at that time, higher education studies. To qualify, he submitted a CV featuring a diploma from the Athenaeum University, the only one he held at the time. Nevertheless, the now-minister later removed the diploma from his official biography.
After becoming a parliamentarian, Ionuț Moșteanu posted another CV on the website of the Chamber of Deputies, in which there is no longer any reference to Athenaeum University. Instead, studies at Bioterra University are listed, between 1996–1999, also in Management. In a response to Libertatea, Athenaeum University denied that Moșteanu had ever been enrolled as a student.
During an interview, Ionuț Moșteanu insisted that his only university degree is from Bioterra and that it was obtained in 2015. Doubts, however, continued to linger and impact his party, which has long insisted on transparency and honesty. Before Mosteanu’s resignation, USR leaders gathered for a meeting to address the scandal.
(Photo source: Ionut Mosteanu on Facebook)
Romania’s government has assumed responsibility in Parliament for legislation reforming magistrates’ pensions, prime minister Ilie Bolojan announced on December 2. He said the draft law had received the opinion of the High Court of Cassation and Justice, noting that the court’s assessment was negative.
It is the government’s second attempt to have the bill promulgated, after the Constitutional Court (CCR) rejected it on procedural grounds in October, at the request of the High Court (ICCJ). The High Court is expected to request CCR review the bill again.
The bill raises the retirement age for judges and prosecutors from the current 48–50 years to 65 years. The length of service required for retirement would increase from twenty-five to a minimum of thirty-five years, and early retirement before the age of 58 would no longer be possible.
According to the prime minister, as reported by Economedia.ro, the draft also introduces a limit on pension levels, calculated as 55% of the average gross wage over the past five years, but capped at 70% of a magistrate’s final net salary. Under the current framework, pensions are roughly equal to the last monthly salary, a system that has drawn criticism from international partners and domestic fiscal authorities.
The transition period for the new rules would be extended from ten to fifteen years. This means that each cohort of magistrates would have to work an additional year to qualify for retirement, a mechanism designed to gradually align service requirements with the new standards.
iulian@romania-insider.com
(Photo source: Gov.ro)
Romania’s public debt increased by another RON 14 billion (EUR 2.8 billion) in August after the RON 30 billion leap in July, to reach RON 1.084 trillion (EUR 213.8 billion) at the end of the month, according to data published by the Finance Ministry.
After the Treasury raised nearly EUR 5 billion with FX bonds in July, it relied on private placements in August – when it raised EUR 1.5 billion in two operations.
Romania’s debt-to-GDP ratio reached 59.7% of GDP at the end of August from 58.9% a month earlier, according to the Finance Ministry’s estimates. Both figures are subject to downward revision after the Q3 GDP data is released. However, given the first budget revision that puts the deficit at 8.4% of GDP, the odds for the ratio to exceed 60% by the end of the year are significantly increasing.
The European Commission expects Romania’s indebtedness measured by the debt-to-GDP ratio to remain below 60% at the end of 2025 (59.1%) and to increase by only 2 percentage points to 61.1% at the end of 2026. Further fiscal consolidation will slow down the advance in the coming years.
Romania’s public debt increased by RON 120 billion (EUR 23.7 billion), but part of this (RON 19 billion or EUR 3.7 billion – roughly 1% of GDP) was the effect of the local currency’s 1.8% weakening versus the euro in May amid political uncertainty.
The currency structure of Romania’s public debt changed as a result of both local currency weakening and the government’s reliance on foreign borrowing. Thus, the share of domestic denominated public debt decreased from 48.5% at the end of 2024 to 46.7% at the end of June and 45.7% at the end of August.
Nominally, the stock of local currency debt rose by only 5.9% y/y compared to the 18.7% y/y surge in the stock of foreign currency-denominated debt (which includes the exchange rate effects).
On the upside, the short-term public debt decreased by 21.4% y/y to RON 63.1 billion (EUR 12.4 billion) or only 5.8% of total public debt, compared to 8.3% at the end of 2024.
iulian@romania-insider.com
(Photo source: Ruletkka/Dreamstime.com)
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Presa americană a reacționat imediat după tragerea la sorți a grupelor Campionatului Mondial de anul viitor. Jurnaliștii de peste Ocean o desconsideră total pe naționala României și o văd în grupa lor, cel mai probabil, pe Turcia, adversara tricolorilor din luna martie 2026. Americanii nu cred că România va ajunge Campionatul Mondial 2026! Ziariștii americani […]
The post Americanii nici n-o iau în calcul pe România la Campionatul Mondial 2026! „Cel mai probabil, ei vor ajunge în grupa noastră” appeared first on Prosport.
Venus Williams a vorbit despre posibila revenire în tenisul profesionist a surorii sale, Serena Williams. Zilele trecute au circulat zvonuri potrivit cărora Serena Williams ar fi gata de o revenire în circuitul WTA, la 44 de ani. Jurnalistul Ben Rothenberg a stârnit un val de reacții când a anunțat că sportiva a fost reinclusă în […]
The post Anunț despre revenirea Serenei Williams în WTA. Venus Williams a rupt tăcerea despre sora ei appeared first on Prosport.
Federația Română de Fotbal a reacționat și ea la scurt timp după ce naționala tricoloră și-a aflat posibilii adversari de la Campionatul Mondial 2026. Într-un mesaj scurt pe rețelele sociale, FRF a enumerat eventualii oponenți de la turneul final, cu mențiunea că băieții lui Mircea Lucescu trebuie să câștige play-off-ul din luna martie. Reacția FRF […]
The post Ce a scris FRF imediat după ce România și-a aflat posibilele adversare de la Campionatul Mondial 2026 appeared first on Prosport.
Americanii au analizat viitoarele adversare și posibile adversare și au remarcat un lucru atunci când au aflat că pot evolua împotriva României la Campionatul Mondial. În urmă cu câteva zeci de minute a avut loc tragerea la sorți a grupelor pentru CM 2026. A fost un eveniment grandios, presărat cu momente amuzante, dar și cu […]
The post Ce au remarcat americanii, după ce au aflat că ar putea juca împotriva României la CM 2026 appeared first on Prosport.
Donald Trump a fost prezent la tragerea la sorți a grupelor Campionatului Mondial și a eclipsat orice personalitate prezentă la ceremonia de la Washington. Totuși, nici Melania Trump, soția sa, nu s-a lăsat mai prejos, și a făcut furori printre cei prezenți, atrâgând privirile tuturor. Melania Trump, prezență fabuloasă la tragerea la sorți a grupelor […]
The post Cum și-a făcut apariția Melania Trump la tragerea la sorți a grupelor Campionatului Mondial. A atras toate privirile appeared first on Prosport.
Edi Iordănescu a avut o reacție care i-a pus pe gânduri pe fani după tragerea la sorți a grupei României la Cupa Mondială. Fostul selecționer al României a postat o imagine pe rețelele de socializare cu grupa din care ar putea face parte și „tricolorii” dacă se califică la Cupa Mondială de anul viitor. Au […]
The post Edi Iordănescu a publicat un singur cuvânt după tragerea la sorți a grupei României la Cupa Mondială: „Aveți nevoie de traducere?” appeared first on Prosport.
Erik Lincar vrea ”doar un arbitraj corect” la Reșița – FC Bihor, CCA i-a răspuns cu o delegare a unui… cărășean la jocul din Valea Domanului! Ultima dată când a fost la centrul la un meci al trupei lui Flavius Stoian s-a lăsat cu scandal
The post Erik Lincar vrea ”doar un arbitraj corect” la Reșița – FC Bihor, CCA i-a răspuns cu o delegare a unui… cărășean la jocul din Valea Domanului! appeared first on Prosport.
România și-a aflat adversarele de la Campionatul Mondial din SUA și un fost fotbalist român a dat un verdict optimist pentru „tricolori”. Cu doar șase luni rămase până la Campionatul Mondial din vară, FIFA a extras în această seară componența celor 12 grupe. Deși nu s-au decis toate cele 48 de reprezentante care vor lua […]
The post Fostul component al Generației de Aur, reacție categorică după ce a aflat adversarele României de la Campionatul Mondial 2026: „Punem căruța înaintea boilor!”. EXCLUSIV appeared first on Prosport.
Naționala României se află, teoretic, la doar două meciuri distanță de calificarea la Mondial. În ciuda unui parcurs dezamăgitor în preliminarii și o clasare în grupă doar pe locul trei, în spatele Austriei și Bosniei-Herțegovina, reprezentativa noastră și-a câștigat biletul de play-off în urma câștigării grupei de Liga Națiunilor în 2024. Pe 26 martie, într-o […]
The post Grupa României la CM 2026: totul despre SUA, Australia și Paraguay, adversarii care ne așteaptă la Mondial! appeared first on Prosport.
Ioan Andone a tras concluziile după ce România a aflat cu cine s-ar duela la Campionatul Mondial, însă apreciază că tricolorii trebuie să se concentreze 100% mai întâi pe duelul cu Turcia de la baraj, apoi pe următorul duel, iar la final să se gândească la competiția supremă de anul viitor. Fostul mare internațional român […]
The post Ioan Andone a pus punctul de pe „i” pentru România lui Lucescu după ce a văzut cu cine poate juca în grupa de la Campionatul Mondial: „Nu ai frică acolo” appeared first on Prosport.
Tragerea la sorți a grupelor Campionatului Mondial se va desfășura în această seară, de la ora 19.00, ora României, în „Kennedy Center” din Washington. Naționala României nu a ajuns deocamdată la turneul final, însă își va afla încă de acum eventualii adversari de la competiția organizată de SUA, Mexic și Canada. Ceremonia de peste Ocean, […]
The post LIVE Tragerea la sorți a Campionatului Mondial 2026. Adversarii României la turneul final appeared first on Prosport.
Naționala României și-a aflat adversarii la Campionatul Mondial, tricolorii vor întâlni, dacă vor depăși play-off-ul din martie 2026, pe țara gazdă SUA, Paraguay și Australia. Alessandro Del Piero, legendarul atacant al lui Juventus, este de părere că reprezentativa tricoloră a avut mereu o școală valoroasă de jucători și va reveni din nou în top, împreună […]
The post Legendarul Alessandro Del Piero, reacție despre România după tragerea la sorți pentru Campionatul Mondial: „Școală de campioni. Montella e îngrijorat” appeared first on Prosport.
Marius Lăcătuș a vorbit și el despre grupa pe care ne-au scos-o în față sorții la tragerea la sorți pentru turneul final din 2026. Absent la World Cup 1994, „Fiara” susține că naționala României a avut noroc, însă avertizează că și preliminarii s-a spus că am beneficiat de adversari facili, iar la final am ratat […]
The post Marius Lăcătuș, marele absent la World Cup 1994, reacție fără dubii despre grupa în care poate juca România la turneul final din 2026: „Așa ziceam și atunci” appeared first on Prosport.
Miodrag Belodedici crede în șansa „tricolorilor” după ce a văzut grupa de la Campionatul Mondial și a spus, fără rețineri, cine trebuie să conducă naționala la baraj. România a avut mare noroc la tragerea la sorți de la Washington. A picat într-una din cele mai accesibile grupe, iar românii își fac deja calcule legat de […]
The post Miodrag Belodedici a văzut grupa pe care România o va avea dacă ajunge la Campionatul Mondial și a spus, fără rețineri, cine trebuie să fie selecționerul tricolorilor la baraj appeared first on Prosport.
Oțelul Galați și Unirea Slobozia se întâlnesc în primul duel al etapei a 19-a din Superligă, meci în care oaspeții vor să oprească seria incredibilă de șapte înfrângeri consecutive. Partida de la malul Dunării este programată să înceapă la ora 20.30 și va fi Live Text Online pe prosport.ro și în direct pe DigiSport 1 […]
The post Oțelul Galați – Unirea Slobozia 3-0, în etapa 19 din Superligă. Gălățenii urcă pe loc de play-off appeared first on Prosport.
Răzvan Burleanu a oferit o primă reacție după ce România și-a aflat posibilele adversare de la Campionatul Mondial 2026. Vineri seara, la Washington, a avut loc tragerea la sorți pentru grupele Campionatului Mondial. În cazul în care se va califica, România le va înfrunta pe SUA, Paraguay și Australia. Ce a spus Răzvan Burleanu după […]
The post Prima reacție a lui Răzvan Burleanu după tragerea la sorți în care România a aflat că ar juca împotriva SUA, Australia și Paraguay la Campionatul Mondial din 2026 appeared first on Prosport.
A venit și prima reacție a turcilor după ce și-au aflat viitoarele adversare de la CM 2026 și nu s-au ferit să facă un gest arogant la adresa românilor. S-a aflat componența celor 12 grupe de la Campionatul Mondial găzduit de SUA, Mexic și Canada. România și-a aflat cele trei adversare, dacă va trece de […]
The post Turcii au reacționat după tragerea la sorți a grupelor Campionatului Mondial! Gestul arogant pe care l-au făcut față de România appeared first on Prosport.
La Washington DC, FIFA a organizat vineri, 5 decembrie, tragerea la sorți pentru grupele CM 2026, cu toate că 6 dintre cele 48 de participante la turneul final nu sunt încă știute. Abia în martie, în urma barajelor, vom afla numele acestora și dacă România se află printre calificate! Tricolorii joacă în deplasare cu Turcia […]
The post În ce orașe și pe ce date joacă România la CM 2026: cele trei stadioane din două țări care vor găzdui meciurile cu SUA, Australia și Paraguay dacă tricolorii trec de barajul pentru Mondial appeared first on Prosport.
Fostul component al Generației de Aur nu s-a putut abține și a glumit pe seama grupei României de la Campionatul Mondial. FIFA a anunțat componența celor 12 grupe de la Campionatul Mondial (CM) din SUA, Mexic și Canada. România încă mai trage speranțe că poate obține biletele pentru turneul final, iar după ce a aflat […]
The post „Suntem finaliști! Am câștigat Cupa”. Câștigătorul Cupei Campionilor Europeni a făcut gluma serii după ce a văzut cum arată grupa României la Campionatul Mondial appeared first on Prosport.
Janiva Magness, the winner of seven Blues Music Awards following 26 nominations, and nominated for a Grammy for a career spanning 17 albums, is set to perform at the 14th edition of the Brașov Jazz & Blues Festival, which will take place between August 14–16, 2026.
Magness is one of the most valuable and influential artists of contemporary blues. She will mark 35 years since her debut with a concert in Brașov. The anniversary is also celebrated with the release of a new live-recorded album.
“There are plenty of musicians who skillfully convey the sadness and unease encapsulated in the Blues, but Janiva Magness is among the very few who have literally lived through all these states and feelings, and this gives her an unmatched authenticity,” said Ioan Big, Artistic Director of Brașov Jazz & Blues Festival.
Born in 1957, Janiva Magness began her career as a backing vocalist in Minneapolis, and in the early ’80s she formed her own band in Phoenix, The Mojomatics. After moving to Los Angeles, she made her debut on cassette with More Than Live (1991), followed in the mid-’90s by her first CD, It Takes One to Know One, and three other independent releases.
Her role in the L.A. production of the musical It Ain’t Nothin’ But the Blues (1999), but especially her collaboration with NorthernBlues Music, where she released Bury Him at the Crossroads (2004) and Do I Move You? (2006), brought her to the attention of the blues community, both fans and critics alike.
In 2008, Janiva Magness signed with Alligator Records, for which she recorded What Love Will Do, followed by The Devil Is an Angel Too (2010) and Stronger for It (2012).
Magness is only the second woman in blues history, after Koko Taylor, to receive the prestigious title B.B. King Entertainer of the Year, and she accumulated dozens of nominations at the Blues Music Awards, as well as numerous appearances in the Top 10 of the Billboard Blues Chart.
(Photo source: press release)
Bucharest City Hall announced on Thursday, December 4, that it has obtained nearly RON 2 billion (some EUR 400 million) in non-refundable EU funding for much-needed investments in transport infrastructure.
The funds will be used to purchase 100 modern, non-polluting trolleys, 63 new trams, modernize approximately 50 km of tram lines, and modernize the Titan and Colentina depots. Also part of the project is the extension of the tram network on Prelungirea Ghencea, by building a new 5.8 km double-track line and purchasing 16 trams.
Interim Bucharest mayor Stelian Bujduveanu, together with representatives of the Bucharest-Ilfov Regional Development Agency, signed the funding contract on Thursday, December 4.
“I have signed the largest European funding dedicated to public transport in Bucharest. Nearly EUR 400 million will be invested in the modernization of tram lines, rehabilitation of depots, and the purchase of new trams and trolleybuses. In addition to the nearly RON 2 billion in non-refundable European funding, the Municipality of Bucharest appealed to the European Investment Bank to ensure co-financing. The EIB has approved funding of EUR 300 million to support the priority projects of the capital,” said Bujduveanu.
The funds will be allocated to the modernization of surface-level public transportation, as well as several heating projects.
“This combination of European funds, external loans, and our own resources gives us the capacity to carry out major investments, otherwise impossible to achieve,” the interim mayor added.
(Photo source: Primaria Municipiului Bucuresti on Facebook)
Graffiti Plus (GRF+), active in Romania's communication consulting market, has signed the contract for the National Recovery and Resilience Plan (PNRR) funding for its listing on the AeRO market of the Bucharest Stock Exchange (BVB).
GRF+ is also preparing to launch the private financing round it is conducting as a first step toward its debut on the capital market, it said. The capital raised will be used to accelerate growth starting in 2026.
In the coming weeks, the company will follow a series of steps in line with the PNRR funding initiation procedure, while simultaneously completing preparations for the offer addressed to investors invited to participate in the private financing round.
The round will launch shortly, when GRF+ will open its shareholding to "early adopter" investors, who will have preferential terms for their equity packages. In the first quarter of 2026, the company will proceed with its technical listing on the AeRO market.
GRF+ has been active on the local market for more than 25 years. It is the first in its industry to join the Bucharest Stock Exchange as a way to finance its growth.
The company expects to end 2025 with a turnover above EUR 10 million and a team of more than 70 consultants, it said.
GRF+'s current business model includes the development of an ecosystem of affiliated companies with complementary specializations, in which GRF+ holds relevant equity stakes and which can bring additional value to the projects delivered for clients.
GRF's clients operate across a range of industries such as food, drinks and consumer goods (a 30% share in the company's revenues in H1 of 2025), technology (27%), finance- banking and consultancy (10%), retail (21%), health (9%), energy (1%), and sport, media & entertainment (2%).
"Graffiti Plus is among the first companies in Romania to use the Stock Exchange listing opportunity offered through the National Recovery and Resilience Plan […] We submitted the application with confidence, understanding that the approval process would involve a more extensive pathway, given the new nature of the exercise. We are pleased to contribute to this process and, in doing so, help pave the way for future issuers," said Bogdan Tomoiagă, chairman of the board of GRF+.

"So far, Graffiti Plus's development has followed an organic model focused on creating value for clients, colleagues, and shareholders. We aim to use the newly raised capital to accelerate growth through three strategic investment directions that enable both expansion into new markets and stronger returns: sports marketing, pharma & healthcare, and data-driven influencer marketing. These are three markets showing impressive growth locally, regionally, and globally. We have already begun investing and delivering results, which gives us strong confidence in the next stage of scaling. In addition, the new investment will naturally support technology adoption and data integration, enabling the agency's next leap into the emerging AI-driven economy," Irina Ciocan-Stănescu, CEO of Graffiti Plus, explained.
(Photos: Graffiti Plus)
simona@romania-insider.com
What prompted you to organize a new edition of the Climate Supplier Event and what were the main objectives of this meeting?
Corina Dospinoiu-Imre: We considered it the right moment to accelerate collaboration with our suppliers. The main objective of this edition was to create a framework for dialogue through which we could discover what the opportunities are for streamlining business processes, what we stand to gain from an economic perspective, and to understand together how we measure the carbon footprint, what the reduction levers are and how we can support our partners to adopt sustainable practices through education and financing programs. By bringing together over 100 suppliers at the Climate Supplier Event, we aim to generate a transformation at the supply chain level, which has the effect of a quantifiable reduction of carbon emissions in the near future.
Why do you consider that this event is relevant not only for Auchan suppliers, but for the entire food industry in Romania?
Corina Dospinoiu-Imre: A major event such as the Climate Supplier Event is relevant both for Auchan suppliers and for the entire food industry in Romania, because food chains function as an interconnected system. If only one retailer or a few producers act, the impact remains limited. Agriculture, processing, logistics, packaging, all these elements contribute to generating emissions, costs and competitiveness. This is why our event is about how the entire sector can become more efficient, more sustainable and more resilient in the face of climate change.
How does Auchan support local suppliers in the transition to more sustainable business models?
Corina Dospinoiu-Imre: We launched the Partners for Decarbonization program in which we collaborate directly with suppliers to measure their emissions and to develop plans to reduce them. Also, to support Auchan suppliers, for the first time, through the partnership with BRD – Groupe Société Générale, the bank offers our suppliers access to an extended range of sustainable financing options, from which they can choose depending on the specifics of their company’s activity. By accessing these instruments, companies can quickly reduce operational costs related to energy, logistics and resources, and in time they strengthen their competitiveness and their capacity to manage climate risks. In addition, a responsible approach visibly increases their credibility and opens easier access to financing that requires clear sustainability criteria.
In parallel, during the event a workshop took place through which suppliers chose several levers for optimizing and streamlining their own businesses, which will result in reducing emissions as well as costs. We aim in the immediate period ahead to take contractual commitments with our suppliers regarding emission measurement, the creation of decarbonization plans and tracking constant progress. What remains an important stake for us is to continue finding solutions through which we can support our suppliers in this endeavor.
Why do you say that decarbonization is not only an environmental issue, but also one of economic competitiveness?
Corina Dospinoiu-Imre: Reducing emissions is not only an expense, but also a tool for increasing efficiency. For example, optimizing the logistics chain, reducing food waste, improving energy efficiency and reducing packaging translate directly into lower costs, which leads to better profitability, and the effect of these measures also impacts the reduction of carbon emissions. Thus, decarbonization becomes a growth engine and not an environmental obligation.
How can Romanian farmers and processors turn sustainability into a real market advantage?
Corina Dospinoiu-Imre: Sustainability becomes a real competitive advantage for Romanian farmers and processors through the rigorous optimization of resources, which leads to a significant reduction of operational costs. Adopting practices such as precision agriculture, which optimizes the use of water, fertilizers and pesticides, and integrating renewable energy sources (solar, biomass) in farms and processing units minimize the carbon footprint and expenses. Efficient management of water and waste also contributes to lowering long-term costs, turning sustainability investments into substantial savings.
Moreover, applying the principles of the circular economy allows the intelligent valorization of agricultural by-products and processing waste. These can be transformed into new revenue streams, such as compost or biogas, while reducing disposal costs. This approach not only reduces waste but also creates opportunities for market differentiation, adding value to the entire production cycle and responding to the growing demand for responsible products and processes.
These sustainability efforts also open access to crucial strategic financing. Companies with a strong sustainability profile that integrate ESG (Environmental, Social, Governance) criteria become attractive from an investment perspective. Thus, they benefit from easier access to European funds and banking financing under better conditions than companies that do not prioritize sustainability.
What does a food chain prepared for the future mean, in your view?
Corina Dospinoiu-Imre: For us, a food chain prepared for the future is one in which every link, from farmer, processor and retailer to logistics, adopts clear sustainability objectives, uses technology and data to improve performance, and creates value together for the end consumer. In essence, we aim to create a strong ecosystem that mitigates its risks, whether they are climate-related or linked to current and potential high energy or raw material costs, by transforming business models.
I wish for all of us a chain in which we reduce waste and excessive energy consumption, optimize transport and in which quality and resilience become a standard. In this way, we will be prepared not only for climate challenges but also for consumer and global market requirements.
Through projects such as the Climate Supplier Event and dedicated partnerships, Auchan Romania encourages the integration of sustainability principles throughout the supply chain as part of a joint effort for a responsible transition. In this sense, the company reaffirms its ambition to build a Romanian model of responsible sourcing, capable of generating a positive impact for nature and communities and, at the same time, supporting economic growth.
*This interview was edited by Romania Insider for Auchan Romania.
The concept of the mega-project DraculaLand, a privately funded development exceeding EUR 1 billion that aims to become the largest entertainment, retail, and technology destination in Europe, was recently unveiled. The investment is planned for a 160-hectare site not far from Bucharest and aims to position Romania as a new global hub for large-scale entertainment, its representatives said.
The project includes a theme park of more than 780,000 sqm with six immersive zones and over 40 major attractions, a 22,500-seat multifunctional arena for concerts, esports competitions, and international events, as well as a luxury fashion and home-deco outlet developed with partners from Milan and Florence, according to the press release.

Accommodation plans feature three hotels totaling 1,200 rooms, while an aqua park and thermal spa of around 50,000 sqm will include one of Europe’s largest wave pools.
In addition, a 4.5 km racing circuit and a business and tech hub with space for more than 1,000 workstations for startups in gaming, AI, and digital industries are also part of the concept.

“DraculaLand brings together everything we’ve learned in real estate: discipline, rigor, vision, and the ability to keep complex teams with very different specializations aligned. But more importantly, it adds a story that gives meaning to every square meter built,” said Dragoș Dobrescu, founder of DraculaLand.
The developers said the project has been shaped in its concept and master-planning stages with international specialists in architecture, engineering, and finance.

Alongside the physical infrastructure, DraculaLand will include a parallel digital version built in Unreal Engine 5, offering visitors a metaverse “twin” of the site. Users will be able to interact with the virtual destination via a native token, NFTs, AI-driven personalisation tools, and real-time links to events taking place in the physical park.
According to current projections, developers estimate that DraculaLand could generate more than 5,000 direct and indirect jobs, attract around 3 million visitors annually in its initial phase, and produce an estimated EUR 5 billion in economic impact over the next decade.
Further details on timelines and construction phases have not yet been announced.
irina.marica@romania-insider.com
(Photos: press release)
Romania’s National Committee for Emergency Situations decided to distribute drinking water from the state reserves to 13 localities in the counties of Prahova and Dâmboviţa. The area was severely impacted by a drop in water levels at the Paltinu Dam, leading to problems in the water distribution system and affecting over 100,000 people, local hospitals, and the Brazi refinery.
The water will be distributed free of charge to ensure the minimum living conditions of the population, according to the authorities, cited by News.ro.
Problems with the water supply in the region were generated by the decrease in the water level in the Paltinu reservoir caused by scheduled hydrotechnical works at the dam, combined with the increase in turbidity and volume of sediments caused by rain. The sediments affected the quality of raw water and imposed the interruption of the drinking water supply in 12 localities in Prahova County and one locality in Dâmboviţa County.
In total, more than 107,000 people are affected by the lack of drinking water, as well as institutions, schools, and medical units.
Also impacted by the lack of water was the Brazi natural gas refinery, operated by OMV Petrom in Prahova County. The refinery, which produces about 10% of Romania’s energy, will be supplied by thermal energy provider Termo Ploieşti with water in the coming days in order to maintain operations.
The decision regarding the water supply of the Petrobrazi Refinery was taken on Tuesday, December 2, in a meeting attended by representatives of the Ministry of Energy, the authorities of Prahova, OMV Petrom, Transelectrica, Zonal System Operation Prahova (ESZ), Hidro Prahova, ISU Prahova, and Termo Ploieşti. Authorities noted at the meeting that the uninterrupted operation of the OMV Petrom refinery “is vital for national energy security.”
In turn, the Câmpina Municipal Hospital, the Voila Psychiatric Hospital, the Florești Pulmonology Hospital, the Băicoi Town Hospital, and the Breaza Pulmonology Hospital were also left without water. Speaking on the issue, health minister Alexandru Rogobete noted that the situation is being monitored and that patients will be transferred to Bucharest hospitals if possible.
“Considering that the initial 72-hour deadline for resuming water supply has been exceeded, I ordered the activation of the emergency cell at the level of the Ministry of Health, which I personally coordinate. The cell operates permanently, with continuous reporting, rapid interventions, and direct connections with all institutions in the field,” Alexandru Rogobete said.
He also announced that, to support medical staff and patients, more than 1,650 drinking water containers will be supplemented daily.
Previously, the Prahova County Council announced that medical activity had been suspended in the five affected hospitals.
Meanwhile, Romanian environment minister Diana Buzoianu, who faced blame from governing coalition partners for the crisis, publicly presented the chain of events that led to the interruption of water supply in the counties of Prahova and Dâmbovița. The minister emphasized that the decision to stop the water did not belong to the ministry, but resulted from the inability of the local operator ESZ Prahova to supply drinking water according to sanitary standards.
The ministry emphasized that ESZ Prahova was officially informed as early as October that the reduction of the reservoir level could affect water supply and that the operator had a legal obligation to take compensatory measures, namely ensuring buffer reservoirs, identifying alternative sources, preparing the network for emergency scenarios, and informing the public and local authorities. No measures were implemented, the ministry showed, cited by Mediafax.
Moreover, ESZ Prahova, ABA Buzău–Ialomița, and Hidroelectrica sent the ministry official assurances throughout October–November that the water supply would not be affected.
After the controlled lowering and heavy rainfall, the turbidity of the raw water increased above the limits allowed for treatment. The Voila station could no longer treat the water, and the Public Health Directorate (DSP) confirmed that its distribution would have endangered public health. Thus, the water stoppage was a technical consequence, not an administrative decision of the ministry.
According to data provided by the Romanian water authority, the complete resumption of the drinking water supply is estimated to take up to six days.
(Photo source: IGSU - Inspectoratul General pentru Situatii de Urgenta, Romania on Facebook)
The Institute for the Investigation of the Crimes of Communism and the Memory of Romanian Exile (IICCMER) has issued a public appeal to president Nicuşor Dan and prime minister Ilie Bolojan to demonstrate “firmness in decision-making” in order to counter what it describes as an “increasingly insidious phenomenon of pro-totalitarian nostalgia,” G4media.ro reported. The institute argued that the trend “fundamentally threatens democratic values and institutions.”
Daniel Şandru, executive president of IICCMER, stated that “the crimes of the communist regime, the repressions of the Securitate, the restrictions on fundamental freedoms, hunger, cold and suffering are, unfortunately, trivialised today and replaced by campaigns to rewrite history and whitewash the totalitarian past.”
His comments were included in the public appeal addressed to the head of state and the prime minister.
The appeal noted that Romania will soon mark the thirty-sixth anniversary of the end of the communist regime, described as “an illegitimate and criminal regime, a totalitarian system that, through its atrocities, left deep marks on our collective conscience.” Şandru wrote that Romanians had a “moral obligation to do everything in our power so that that terrible history would never be repeated,” but said the country had “significantly deviated from this fundamental duty.”
He stressed that this moment should not be viewed as one of “capitulation” or “resignation” but rather of acknowledging “a painful but necessary truth.”
According to Şandru, Romanian society is “passively witnessing a furious, systematically coordinated assault, intended to rewrite and distort the historical reality of the recent past.” He warned that this situation represents “an existential danger for the memory and identity of Romanian society.”
The institute reiterated that the crimes of the communist period, including the actions of the Securitate and restrictions on basic freedoms, along with hunger, cold, and suffering, are increasingly being trivialised and replaced by efforts to rehabilitate the totalitarian past.
iulian@romania-insider.com
(Photo source: Inquam Photos/Octav Ganea)
Romania's Ministry of Transport blocked a key procedural step required for the listing of Bucharest Airports Company on the Stock Exchange (BVB) after opposing an item on the shareholders' agenda concerning the resumption of the auditor selection process. The vote took place at the end of November, following a request by Fondul Proprietatea, which holds a minority stake in the company and has long advocated for a public offering, Bursa.ro reported.
The selected auditor would also have been responsible for preparing the company for listing.
Aeroporturi Bucureşti, which operates Henri Coandă and Aurel Vlaicu airports, is valued at RON 5.3 billion (over EUR 1 billion) based on Fondul Proprietatea's most recent reports, according to calculations published by Bursa.ro.
For the first nine months of 2025, Bucharest Airports reported operating revenues of almost RON 1.23 billion, an increase of 20.3% y/y, supported by rising passenger traffic and higher commercial income.
The net profit reached RON 609.4 million, up 31.7% compared to the same period of 2024. Last year, the company posted a net profit of RON 608.8 million.
Fondul Proprietatea's stake in Aeroporturi Bucureşti accounted for 52.6% of its net asset value at the end of November, making it the fund's most significant holding. The fund has repeatedly warned that prolonged delays in the listing process limit value creation and reduce the company's access to capital needed for infrastructure development, particularly in the context of growing passenger numbers at Henri Coandă Airport.
The Ministry of Transport, which owns an eighty percent stake in the company, has not publicly explained its decision to reject the auditor selection item.
iulian@romania-insider.com
(Photo source: BVB)
Lot 3 Pietroasele–Buzău of Romania's A7 highway, also known as the Moldova highway, was inaugurated on Thursday, November 27. The newly inaugurated segment is 13.9 km long.
The A7 connects Romania’s historic regions of Muntenia, the southern part of the country, with Moldova, the eastern part.
“We are opening another 13 km of the Moldova Motorway to traffic, the Pietroasele–Buzău Lot, so we will be able to drive from Bucharest to Focșani over a distance of 210 km. After discussions with the builder, we aim to open up to the vicinity of Adjud by the end of this year,” said transport minister Ciprian Șerban.
Present at the inauguration, former transport minister Sorin Grindeanu said that the segment could have been opened last year.
“We could have had this inauguration one year earlier if the National Council for Solving Complaints and all the other institutions had done their job better, but I want to congratulate the builders; they finished ahead of schedule,” he said, adding that the segment is extremely important for the city of Buzău, according to Agerpres.
The works, carried out by the association Nurol Inșaat Ve Ticaret Anonim Șirketi - Makyol Inșaat Sanayi Turizm Ve Ticaret Anonim Șirketi, began on March 1, 2024, with an execution period of 20 months. The value of the contract was over RON 1 billion, without VAT, financed through the National Recovery and Resilience Plan.
Former prime minister Marcel Ciolacu, currently running for president of the Buzău County Council, also took part in the event organized before the opening of the segment. The official, who has faced accusations of letting Romania’s budget deficit balloon to 9.3% of GDP during his tenure, argued that the money went into infrastructure investments.
“We invested RON 120 billion. We all know the comments, both good and bad, mostly bad. To those who criticized me, I answer with only one thing: let them come and see this highway, let them drive on it, especially since winter is coming, and in winter, driving on the highway is the safest,” emphasized Marcel Ciolacu.
However, independent analyses show that around a third of the money went to investments. The rest were directed to wage increases in the public sector or subsidies.
Lot 1 of the Moldova Highway opened in December 2024. Overall, the A7 highway is around 320 km long.
(Photo source: Sorin Grindeanu on Facebook video capture)
This week, the EDIT association launched the mural “Write your story through sport,” dedicated to Olympic and world swimming champion David Popovici.
The work, created by the Sweet Damage Crew on an area of approximately 400 sqm on Simion Bărnuțiu Street in Timișoara, is part of the Outline Streetart urban revitalization project and promotes sport, discipline, and the motivation necessary for performance, as well as confidence in one’s own potential.
David Popovici is one of the most important personalities in world sport and one of the strongest voices of Romanian sport, the authors of the mural said.
“I encourage all children and young people in Romania to discover sport as a source of energy and to follow their dream with confidence in any field they choose,” David Popovici said.
The mural seeks to amplify this message and bring to the forefront the role of sport in the development of new generations. Visible from a heavily trafficked area, this project aims to inspire passers-by through the portrait of one of the most appreciated Romanian athletes of the moment, recognized worldwide, the initiators stated.
Created by the artist RECIS, a member of the Sweet Damage Crew, together with three assistants, the mural took shape over 15 days of intense work.
“The work aims to pay tribute to David’s sporting achievements, capturing the emotion and intensity of the moment in an artistic manner that offers the viewer a visual antithesis by overlapping the central subject in different postures,” RECIS said.
Outline Streetart is a project of the EDIT Association that transforms urban spaces into spaces for dialogue, visual education, and motivation. The mural was approved by the Timișoara City Hall.
(Photo source: press release)
Some dinners are eaten. Others are remembered.
At Corinthia Grand Hotel du Boulevard, the past few months have unfolded like a quiet culinary opera. One by one, Europe’s most celebrated chefs arrived, took over the kitchen of Boulevard 73 and left behind more than menus; they left stories.
Now, on December 4, the curtain falls.
The Michelin Dinner Series reaches its final performance with a guest who arrives not only with a star, but with a philosophy.
For the closing night, Executive Chef Pedro Mendes welcomes Chef Rodrigo Castelo, holder of both a Michelin Star and a Green Star, a rare combination that honours not only excellence, but conscience. Sustainability here is not a trend, but a belief system: ingredients rooted in place, flavours built with respect and a kitchen that thinks as much as it cooks.
This final dinner is not about spectacle. It’s about meaning.
If earlier evenings introduced technique, theatre and tasting menus with bravado, this last chapter promises something quieter and deeper. A sense of return. A feeling that the series is not ending, merely exhaling.
“This is a guest who cooks with purpose,” says Mendes. “And for a final night, purpose is exactly what you want.”
Since the first evening of the series, the dining room of Boulevard 73 has been many things: a passport, a backstage pass, a private gallery of flavour.
Each chef arrived with their own language. Their own grammar of taste. Their own accent in sauce and spice. And for one or two nights only, Bucharest learned to speak it fluently.
There were menus that travelled coastlines and others that wandered mountain paths. Plates that whispered of heritage and those that leaned unapologetically into modernity. There were evenings where silence followed the final course, the best compliment a kitchen can receive.
For a city growing rapidly into its fine-dining identity, the series has been more than a rotation of stars. It has been a statement: Bucharest is not waiting its turn. It has arrived.
Boulevard 73, itself a restored ballroom, feels particularly alive in December.
Light settles differently in winter. Chandeliers glow with intent. Tablecloths seem to listen closer. There is a hush before the first course that only appears on evenings like this, when a room understands something important is about to happen.
On December 4, that atmosphere will be at its purest.
This is not simply the final event of a series. It is the moment when all of it becomes memory.
And, for the fortunate few with a seat, a story they will tell long after dessert is gone.
There may still be a handful of places left.
Not many.
But enough, perhaps, for those who decide that some evenings should not be postponed.
Because not every night earns the right to be a finale.
And not every city gets to host one.
On December 4, Corinthia Bucharest doesn’t just serve dinner.
It serves the last chapter of a story worth tasting.
Discover more: https://www.corinthia.com/en-gb/bucharest/boulevard73/michelin-nights/
*This is partner content.
The Romanian national team debuted with a victory in Group A of the Women’s Handball World Championship, organized in the Netherlands and Germany.
Romania won 33–24 (13–12) against Croatia in the Ahoy Arena in Rotterdam on Thursday, November 27.
The Romanian team dominated the match in the second half, left backer Sorina-Maria Grozav scoring 7 goals, followed by pivot Lorena-Gabriela Ostas with 5, and center back player Ioana-Rebeca Necula with 4. Several other Romanian players scored, while Yuliya Dumanska had 13 saves (41%), and Bianca Curmenţ 2 (29%), according to Digi24.
On the Croatian team, Tina Barisic scored 7 goals, Sara Senvald 3, Ana Malec 2, and Andrea Simara 2, among others. Croatian goalkeeper Lucija Besen made 9 saves (29%).
Romania will play the next match on Saturday against Japan.
Romania has participated in all editions of the Women’s Handball World Championship, and in 2023, it ranked 12th.
(Photo source: FRH - Federația Română de Handbal on Facebook)
The ‘5 to go’ coffee shop chain announced the signing of a partnership with the national gas station network RO concept OSCAR, owned by businessman Alin Niculae, according to Economica.net.
The gas station network has reached 120 strategically distributed stations nationwide, of which more than 90 are franchised under the RO concept OSCAR brand, for B2C customers, launched in 2017.
‘5 to go’ was born in 2015 and has currently exceeded the threshold of 650 open units, being the largest coffee shop chain in Eastern Europe, but also the largest franchise in Romania.
Oscar Downstream is in the top five players, with an annual portfolio of over 5,000 customers from key industries, such as transportation, construction, industry, or agriculture.
iulian@romania-insider.com
(Photo source: Facebook/5 to go)
Grampet–GFR owner Gruia Stoica has signed a joint venture agreement with Chinese rolling stock manufacturer CRRC Shandong to develop a new freight wagon factory in Hungary, industry sources told Club Feroviar. The agreement was concluded last week during Stoica’s visit to China, according to the publication.
Although the project has been agreed by both sides, it has not yet been formally announced and remains in the technical and administrative preparation phase, Club Feroviar reported. The facility will reportedly be developed as a separate industrial platform from Grampet’s existing plant in Debrecen, which is focused on repairs and modernisation activities.
Sources cited by the publication stated that the decision to locate the new factory in Hungary reflects several factors: favourable logistics conditions, moderate operating costs, support from the Hungarian authorities for large-scale industrial investment, and the established regional presence of the Grampet Group. The company has expanded its operations across Central and Eastern Europe in recent years, strengthening its position as the largest privately owned rail transport group in the region.
The factory is expected to produce open wagons, platform wagons, and specialised wagons for container transport, all compliant with Technical Specifications for Interoperability standards required for circulation on the European railway network. According to industry sources, the first units could be completed in 2026 if administrative procedures progress without delay.
The partnership would mark the latest cooperation between a major European rail operator and CRRC, one of the world’s largest rolling stock manufacturers. Observers noted that Hungary has actively sought to attract large industrial projects, including in the transport and automotive sectors, by offering infrastructure support and investment-friendly regulations.
The Grampet Group has not issued a public statement on the project. However, sources familiar with the discussions told Club Feroviar that technical teams from both companies have begun preparatory work for the design and layout of the new manufacturing platform, with further details expected once the administrative phase is completed.
iulian@romania-insider.com
(Photo source: the company)
The City Hall of Sinaia, a popular mountain town roughly 120 km north of Bucharest, announced that a new attraction, the alpine coaster on Pârtia Nouă, will officially open on December 1. The installation, located in the ski area near the Sinaia Gondola, features what the authorities say is the longest track of its kind in Eastern Europe, stretching for more than two kilometers through the forest.
According to the City Hall, the track has been fully installed and tested, and the technical teams have completed all safety checks.
“It is an accessible and enjoyable attraction for children, parents, and young people, a project we are adding to the city’s offering for those who visit us and for those who live here,” said Vlad Oprea, the mayor of Sinaia.
The new facility features over two kilometers of rail, 65 sled vehicles equipped with lights, brakes and safety belts, as well as an underground garage, transport carts, access gates, a disembarkation platform, fibre-optic connectivity along the entire route, and surveillance cameras.
The alpine coaster has been designed for year-round use, depending on weather conditions.
irina.marica@romania-insider.com
(Photo source: Facebook/Gondola Sinaia)
Romania’s National Forest Administration, or Romsilva, announced that it is putting over 16,000 Christmas trees up for sale over the winter in a press release published on Thursday, November 27.
The trees can be purchased directly from the offices of the forestry districts. Prices range between RON 17 (EUR 3.3) for a spruce up to 1.3 meters in height and RON 39 (EUR 7.6) for a fir between 2 and 3 meters in height.
Of the over 16,000 trees, 13,462 are firs, and another 2,953 are spruce or other conifer species. Most of the Christmas trees come from specialized plantations, from Romsilva’s forest nurseries, with a smaller number harvested from naturally regenerated forest areas with excessive density, which require thinning operations.
Christmas trees are sold at the offices of forestry districts in mountain and hill areas, where there are forest nurseries producing conifer seedlings and coniferous forests. If Romsilva units sell Christmas trees in markets or other designated locations, transportation, handling, and storage costs will be included additionally in the final sale price.
According to Romsilva, the directorates and forestry districts will prioritize public requests through direct sales, and sales to companies will only be done within the limits of the surplus. Requests for trees taller than 3 meters are considered special orders, and the price will be approved by the management committee of the forestry directorate.
Romsilva manages 3.13 million hectares of forests owned by the state and provides forestry services for approximately one million hectares of forests in other forms of ownership. It also handles 22 national and natural parks, with a cumulative area of over 850,000 hectares, as well as 12 state horse farms.
(Photo source: Romsilva on Facebook)
Katerina Navrátilová, CEO waterdrop® CEE, subliniază direcția care a stat la baza dezvoltării acestei colecții: „AO26 este mai mult decât o lansare specială. Este o invitație de a transforma hidratarea într-un ritual personal, plin de energie și intenție. Ne-am inspirat din disciplina, reziliența și forța sportivilor, dar și din dorința consumatorilor noștri de a avea produse durabile, frumoase și ușor de integrat în viața de zi cu zi.”
Waterdrop® a jucat un rol esențial în susținerea unui model de hidratare responsabilă în cadrul turneului Australian Open din 2025. Peste 80.000 de persoane, sportivi, antrenori, staff și vizitatori, au beneficiat de soluții de hidratare gratuite și sustenabile, iar cele peste 250 de puncte de apă amenajate în arene au asigurat acces constant la apă filtrată. În total, fanii și participanții au consumat peste 40.000 de litri de apă folosind recipiente reutilizabile, contribuind la reducerea plasticului de unică folosință într-un context sportiv cu impact global.
„Pentru noi, sustenabilitatea nu este un trend trecător, ci fundamentul tuturor inițiativelor noastre”, afirmă Katerina Navrátilová.
„Faptul că, în cadrul AO, zeci de mii de oameni au folosit recipiente reutilizabile ne arată că schimbarea este posibilă atunci când soluțiile sunt accesibile, intuitive și ușor de adoptat. Este un progres real, nu doar o intenție”, adaugă aceasta.
Standul waterdrop® a devenit, de asemenea, un punct de interacțiune memorabil pentru fani, unde sportivi precum Hubert Hurkacz, Taylor Fritz, Elina Svitolina și Matteo Arnaldi au venit să se întâlnească cu publicul între meciuri. Oaspeții au putut achiziționa sticle personalizate gravate pe loc, iar peste 2.400 de astfel de obiecte unice au fost create în timpul turneului, transformând experiența AO într-o amintire durabilă.
Piesa centrală a colecției este Cana Termos Multifuncțională Official Player, realizată din oțel inoxidabil cu pereți dubli, care păstrează băuturile reci până la 24 de ore sau calde până la 6 ore. Inspirată de estetica terenurilor de tenis în albastru și alb, este aceeași cană folosită de jucătorii profesioniști ai turneului. Deschiderea largă permite adăugarea cuburilor de gheață, iar capacul ultra-etanș transformă acest produs într-un partener ideal pentru antrenamente, meciuri și activități dinamice.
Gama AO26 Performance, disponibilă în patru nuanțe în gradient și în două capacități, este concepută pentru cei care își doresc rezistență, funcționalitate și eleganță într-un singur obiect. Izolarea sub vid menține băuturile reci până la 24 de ore, iar construcția durabilă face ca aceste Căni să fie potrivite atât pentru utilizarea zilnică, cât și pentru sesiuni prelungite de sport. „Știm cât de important este ca produsele pentru hidratare să îmbine un design atrăgător cu o funcționalitate excelentă. O cană de încredere este, de fapt, o investiție în energia ta.”, explică Navrátilová.
Cana Termos Explorer AO26, cu o capacitate de 1,1 litri și pai rabatabil, este gândită pentru cei care au nevoie de hidratare constantă în timpul zilelor lungi, al antrenamentelor sau al turneelor. Pereții dubli asigură menținerea temperaturii până la 12 ore, iar designul în Ediție Limitată cu tema AO o transformă într-o piesă statement pentru iubitorii tenisului.
Sticla Termo Melbourne, într-un design inspirat de ritmul orașului australian, îmbină eleganța cu funcționalitatea. Fabricată din oțel inoxidabil cu pereți dubli, păstrează băuturile reci timp de 24 de ore sau calde timp de 12 ore și este ideală pentru explorările urbane sau pentru rutina zilnică. În completare, Sticla Melbourne Ultraușoară, cu doar 210 grame, reprezintă alternativa minimalistă pentru cei care caută un obiect extrem de ușor, perfect pentru genți mici, călătorii și deplasări rapide.
Colecția AO26 reflectă viziunea waterdrop® de a transforma hidratarea într-un gest simplu, ușor și sustenabil, integrat firesc în viața modernă. Materialele durabile, designul minimalist și funcționalitatea intuitivă se îmbină într-o serie de produse adaptate nevoilor reale ale consumatorilor.
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Colecția waterdrop® AO26 în Ediție Limitată este disponibilă începând de astăzi pe waterdrop.ro și în magazinele partenerilor din România. Produsele pot fi achiziționate individual sau în seturi speciale potrivite pentru sport, cadouri, călătorii și utilizare zilnică.
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Waterdrop® este un brand fondat în 2016 de Martin Donald Murray și Henry Murray, având misiunea să încurajeze oamenii de pretutindeni să consume mai multă apă pentru o viață mai sănătoasă, longevivă și sustenabilă. În 2022, Waterdrop® a primit recunoașterea Financial Times ca fiind compania cu cea mai rapidă creștere din sectorul Food and Beverage din Europa.
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Compania se angajează să gestioneze cu atenție materia primă de bază, apa, și să contribuie la protejarea mediului înconjurător. Prin soluțiile sale inovatoare, Waterdrop® economisește până la 98% din ambalaje și emisii de CO2, contribuind la conservarea resurselor planetei. Waterdrop® înseamnă funcționalitate și design la cele mai înalte standarde de calitate și estetică. Datorită calității ingredientelor și designului unic al produselor, Waterdrop® este mai aproape de comunitatea sa în viața de zi cu zi, contribuind în mod activ la promovarea unui stil de viață echilibrat.
*This is a press release.
Norvegia va comanda încă două submarine din Germania şi, separat, rachete cu rază lungă, a indicat vineri Ministerul Apărării, precizând că achiziţia acestor submarine se va face la preţuri mult mai mari decât la precedenta comandă, parţial din cauza cererii mari de echipamente militare, transmit Reuters şi AFP, transmite Agerpres. Norvegia a comandat deja în […]
© G4Media.ro.
Grupul statelor puternic industrializate (G7) şi Uniunea Europeană poartă discuţii privind înlocuirea plafonului de preţ la exporturile de petrol rusesc cu o interdicţie totală a serviciilor maritime, în dorinţa de a reduce veniturile din petrol care ajută la finanţarea războiului Rusiei în Ucraina, au declarat pentru Reuters mai multe surse din apropierea acestui dosar, transmite […]
© G4Media.ro.
A maritime drone has been neutralized in the Black Sea On Wednesday, December 3rd, the Romanian Naval Forces military IED divers, specialized in countering explosive devices, conducted a mission to neutralize an object that was endangering navigation in the Black Sea, at the Coast Guard request. The soldiers of the......
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State Secretary Moldovan had high-level meetings with NATO officials State Secretary for Defence Policy, Planning and International Relations, Sorin Dan Moldovan, had a series of meetings with military leaders and officials of the North Atlantic Alliance on Tuesday, December 2nd, at the NATO headquarters in Brussels. The security challenges......
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Romania has signed an intergovernmental contract with Türkiye for the purchase of a HISAR-class light corvette, marking a major step in the modernization of the Romanian Naval Forces. It is also the first international sale of a combat ship built in Türkiye to a NATO and EU member state, according to ASFAT representatives.
The total purchase price, according to the contract quoted by the Romanian Ministry of Defense, amounts to EUR 223 million, excluding VAT, and covers, in addition to the cost of the ship, personnel training and a logistics support package.
The signing ceremony took place on Wednesday, December 3, at the Romanian Ministry of Defense in Bucharest.
“The entry of a new ship into the Naval Forces’ service is a concrete step, which strengthens our defence capacity in the Black Sea. We are not just talking about military equipment, but about Romania’s security and respect for our soldiers who need the best conditions to conduct their missions,” said Radu Miruțǎ, interim minister of defense.
According to ASFAT, a wholly state-owned company operating under Türkiye’s Ministry of National Defense, the light corvette Akhisar, which is being delivered to Romania, measures 99.56 meters in length, 14.42 meters at maximum beam, and displaces approximately 2,300 tons.
“Its CODELOD propulsion system combines four diesel engines and two electric motors, supported by four diesel generators. This configuration provides a top speed of 24 knots, a cruising speed of 12 knots, and a range of roughly 4,500 nautical miles, enabling endurance of up to 21 days without returning to port,” reads the press release.
Moreover, the ship’s flight deck can accommodate a 10‑ton helicopter and an unmanned aerial vehicle. Plus, it carries two rigid‑hull inflatable boats of 7.5 and 5.5 meters.
The electronic suite includes search and designation radar, a low‑probability‑of‑intercept navigation radar, sonar, electronic support measures, electro‑optical capabilities, and chaff dispensers. Its main armament comprises a 76‑mm gun and two 12.7‑mm machine guns, integrated with the ADVENT combat management system and a gun fire control system.
“With a crew of 104, the corvette can perform intelligence, surveillance, and reconnaissance missions, search and rescue, anti‑terrorism operations, coastal and offshore patrols, and maritime special operations. In secondary roles, it can undertake anti‑air warfare, electronic and acoustic warfare, shore bombardment, asymmetric warfare, maritime traffic surveillance, amphibious operations support and training,” the same press release said.
Romania’s Supreme Council of National Defense approved the multi-annual program to equip the Romanian Naval Forces with a new ship in March 2025. The joint defence committees of the Senate and the Chamber of Deputies unanimously gave a favorable opinion on this acquisition on September 8.
ASFAT was established on January 12, 2018, to manage and utilise the excess capacity of 27 military factories and 10 naval shipyards under the authority of the Turkish Ministry of National Defense. The company’s capabilities include the construction of frigates, corvettes, patrol vessels, logistic support ships, floating docks, unmanned surface vessels, and major naval infrastructure projects such as shipyard modernisation and capacity expansion.
ASFAT serves as the main contractor for several key programmes: the Pakistan MILGEM Corvette Programme (four MILGEM-class corvettes), the Hisar-class Offshore Patrol Vessel Programme for the Turkish Navy (2+4 vessels), the design and construction of Türkiye’s first air-defence destroyer (TF-2000), and the development of Türkiye’s first national submarine (MİLDEN).
irina.marica@romania-insider.com
(Photo source: ASAFT on LinkedIn)
Ukraine’s Security Service, or SBU, announced on Wednesday, December 3, that all its “Sea Baby” maritime drones engaged in operational missions in the Black Sea region have been identified, that it has not lost any of them, and that none entered Romanian territorial waters.
The announcement came after Romania’s Defense Ministry said in a press release on the same day that a maritime drone was detected 36 miles east of the city of Constanța, in the Black Sea. The drone posed a danger to navigation and was neutralized by military divers from the Romanian Naval Forces, according to the official press release.
“Soldiers of the 39th Divers Center traveled to the maritime area estimated at 36 nautical miles east of Constanța, with the support of the maritime surveillance vessel MAI 1.107 of the Coast Guard. After analyzing the drifting object, the soldiers found that it was an unmanned surface vehicle (maritime drone) of the 'Sea Baby' type. The intervention team received approval to neutralize the identified object, and around 13:00, the maritime drone was destroyed by controlled detonation,” the ministry noted, leaving out whether or not the drone in question was Ukrainian.
The Black Sea has seen increased military activity in recent weeks, after Ukraine stepped up its attacks on Russia’s shadow fleet of oil tankers. So far, three such tankers have been attacked with kamikaze drones. The attacks took place in Turkey’s economic exclusion zone, and president Recep Tayyip Erdoğan condemned them as a danger to navigational safety.
Ukraine’s attacks on the tankers aim to weaken Russia’s ability to sell its goods abroad and finance its war. However, they also led to increased insurance premiums for ships carrying grain, crude oil, and petroleum products.
The Romanian Naval Forces have a certain degree of experience when it comes to destroying military equipment that has drifted into national waters. In the past nearly four years, approximately 150 naval mines have been neutralized in the Black Sea. Seven of them were destroyed by the Romanian Naval Forces.
Moreover, Romania, Bulgaria, and Turkey have a joint task group for defusing stray mines, which began floating in the Black Sea after Russia invaded Ukraine in February 2022.
The United States is currently attempting to mediate peace talks between the two warring sides, but a compromise has not yet been reached, according to the latest updates. Russia is demanding that Ukraine cede territory in its eastern parts, but the latter is unwilling to let go of fortified territory and leave the way open to Kyiv.
(Photo source: Australian Naval Institute / SBU on Telegram)
Over 107,000 people in Prahova and Dâmbovița counties, in southern Romania, have been without drinking water since Friday, November 28, due to problems at the Paltinu Dam. According to local authorities, the problems are set to persist until next week.
The dam registered a drop in water levels, leading to problems in the water distribution system.
To help those impacted, Prahova prefect Daniel Nicodim said he will ask the executive to ensure the necessary drinking water for people in the area. In turn, the president of the Prahova County Council, Virgiliu Nanu, said that efforts are being made so that the supply of water will be resumed. However, the treatment stations need to be primed, and installations need to be filled with water, hence the long waiting period.
The situation, Nanu said, could very well repeat in the future. “Let this be clear to everyone. If we do not also come up with an alternative solution, we will end up here again. Right now, we are just returning to the initial state, but the dam problem has still not been resolved,” he argued.
Meanwhile, firefighters have been mobilized to distribute domestic water and bottled drinking water to the population of Prahova and Dâmbovița counties. So far, Prahova ISU firefighters have done so in the localities of Breaza (at City Hall), Băicoi (at Patrick Hospital and in containers installed by authorities at various points in the city), and Câmpina (at the Down Syndrome Association, Municipal Hospital, Youth Center, Economic Directorate, and Electromechanical High School).
Additionally, firefighters from the Câmpina Detachment support the distribution of bottled drinking water to the population.
In Dâmbovița County, military firefighters have assisted local authorities in distributing bottled drinking water to the population of Moreni municipality.
Households are not the only ones impacted. On Tuesday, December 2, energy and gas giant OMV Petrom (BVB: SNP) announced that it has stopped two production units at the Brazi power plant due to the lack of water. Located near the city of Ploiesti, in Prahova County, the natgas plant stopped two units with a combined capacity of 569 MW. Another unit with 262.95 MW is scheduled to be stopped later, according to Profit.ro.
The plant provides about 10% of Romania’s national electricity production. Current data anticipates restarting all three units on December 4 at 1 AM.
Commenting on the situation, environment minister Diana Buzoianu argued that the situation at Paltinu Dam was already known, and that intervention works should have started in June. Buzoianu also stated that an analysis will look into whether the criteria for declaring a state of emergency are met.
“The blockages are exclusively due to the institutions managing the Paltinu Dam, representing the intake, and the Voila Treatment Plant. Recent rains have generated a high level of sediment, turbidity exceeded permitted limits, and the installations entered technical blockage. These conditions make it impossible to treat the water to the required parameters,” the minister said, cited by Digi24.
(Photo source: IGSU - Inspectoratul General pentru Situatii de Urgenta, Romania on Facebook)
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Pe la jumătatea deceniului al optulea din secolul trecut România rurală a fost martoră și actor principal în procesul de sistematizare/urbanizare a satelor, adică a procesului de strămutare a localnicilor…The night begins at 8:00 PM, as the hotel’s iconic lobby glows with warm light and joyful anticipation. Here, guests are welcomed with gracious hospitality before their tickets unlock access to a world where four distinct celebrations come alive simultaneously, each offering its own atmosphere, culinary story, and sense of occasion.
“The Glittering Night” — Grand Ballroom
Radiance, rhythm, and the promise of a brilliant new beginning. A luminous ballroom where light cascades, music rises, and the countdown becomes a vibrant pulse — a haven for those who want to welcome 2026 with energy and sparkle.
“The Timeless Gala” — Constanța Ballroom
Elegance elevated, grandeur unfolding. A refined celebration where soft music, golden light, and classic beauty shape an evening that feels both graceful and unforgettable.
“The Golden Reserve” — JW Steakhouse
Warmth, depth, and intimate luxury.A setting defined by craftsmanship and bold flavors, wrapped in amber tones and rich textures — a sanctuary for those who savor artistry and soulful indulgence.
“Dolce Notte” — Cucina, The Italian Restaurant
Italian warmth with winter charm. Shared plates, shared stories, and comforting flavors create an evening filled with joy, togetherness, and the gentle poetry of an Italian celebration.
Throughout the evening, live performances set a refined and uplifting rhythm. Horia Brenciu & HB Orchestra, Elena Gheorghe, Juno Dance and other special guests bring their own touch of emotion, elegance and energy. The combination of live vocals, orchestral arrangements and choreographed moments enhances the festive atmosphere, keeping the celebration vibrant and graceful well into the early hours of the new year.
Culinary brilliance awaits at every turn, with lavish buffets featuring fresh oysters and seafood delicacies, premium Wagyu beef carved to perfection, live sushi and sashimi artistry and handcrafted Italian specialties, decadent festive desserts, to name a few.
Every flavor, every detail, every moment is designed to enrich the senses and elevate the celebration.
As the final moments of the year drift into midnight, guests are invited outside beneath the crisp winter sky. Together they join in a sparkling collective countdown, culminating in a breathtaking fireworks display illuminating the night in vibrant color.
It is here — beneath the shimmer of lights and the embrace of the crowd — that 2026 is welcomed with awe, gratitude, and the promise of new beginnings. The celebration continues well into the early hours with music, performances, laughter, and stories waiting to be told.
This timeless celebration is available at 1,890 RON per person. As the final days of the year draw near, to secure your reservation please contact us at +4 0724 000 786 or revelion@marriott.com.
ABOUT JW Marriott Bucharest Grand Hotel
Shaped by the dynamic heritage of the city, JW Marriott Bucharest Grand Hotel retains a reputation as the benchmark of modern luxury in Romania’s lively capital. Renowned for its crafted service, diverse epicurean venues and elegant lobby, it is an enriching backdrop for family gatherings and inspired journeys. Located in an area of historic and national interest, the property is the only five-star hotel in the district and is in close proximity to the stately Palace of Parliament and People’s Salvation Cathedral. With 402 rooms, 12 meeting rooms (with a total surface of approx. 2.000 sqm), 6 restaurants and lounges, conference center, luxury brands shopping gallery, casino, spa, fitness etc, the JW Marriott is one of the most generous, elegant and resourceful hotels in Bucharest. Whether guests come for the most spacious rooms in town, for a nourishing lunch or dinner, or a main event, all are treated with flawless service.
Located at 166 Calea Griviței, the development benefits from an excellent position, just a five-minute walk from the Grivița metro station, offering a strong competitive advantage for medium- or short-term rentals within a serviced-residences framework.
Monarc Grivița 166 features 87 modern units, configured as 2 and 3 bedroom apartments, with premium interior fit-outs created by Noam Mobili Design, the interior design and furnishing division of Monarc Group. Through Monarc Development’s strategic repositioning, the project gains a coherent serviced-residence identity, integrating modern living standards, concierge services, and investment oriented functionalities.
Sales for Monarc Grivița 166 are now officially open, and all transactions are exclusively represented by ANG | Forbes Global Properties, the premium real estate representation division of Monarc Group, and the official Romanian affiliate of the international Forbes Global Properties network.
“With over 15 years of experience in premium real estate, we’ve learned to anticipate and define apartment typologies that respond to diverse needs and lifestyles. Monarc Grivița 166 is an example of how expertise and vision can transform a residential building into a coherent and valuable investment product. We aim to create a project relevant for both local and international investors, one that blends yield with aesthetic refinement. For us, every project must meet not only financial criteria, but also a clear vision for safety, visual identity, and an authentic living experience.”
— Alexandru Manea, CEO & Founder Monarc Development
The building spans a total surface of 13,857 sqm, across a ground floor and eight upper levels, and includes four underground levels with 104 parking spaces, providing robust infrastructure essential for serviced-residences operations.
“Monarc Grivița 166 was conceived as a fluid, adaptable space, ideal for both urban residents and investors seeking a property ready for premium rental. The interior fit-outs, materials, and the experience we designed transform each apartment into a space with identity and functionality. It is essential for any urban project to respond to modern lifestyles and offer a living standard aligned with international trends.”
— Nicoleta Manea, COO & Creative Director, Monarc Development
By integrating the expertise of ANG | Forbes Global Properties in sales and the design know-how of Noam Mobili Design, Monarc Development delivers a full repositioning of the project, transforming it from a standard residential asset into a contemporary serviced residence product with strong investment potential.
Monarc Grivița 166 marks a strategic step in Monarc Development’s expansion, as the company continues its mission of turning high-potential real estate assets into premium, investment-driven products through positioning, design, and strategic marketing expertise.
Founded by Alexandru Manea, Monarc Development is one of the most dynamic real estate developers in Romania, with a portfolio of notable projects, including:
Monarc Development is part of Monarc Group, an ecosystem of companies that includes ANG | Forbes Global Properties România, Noam Mobili Design, Nestelli Diamonds, and the communications agency Thrivo, offering integrated solutions across real estate, interior design, luxury retail, and brand communication.
*This is a press release.
Romania Education Alliance (REA), the first private school network in the country, announced it has exceeded the milestone of 1,000 students enrolled across its member schools just one year after launch.
"The fact that we surpassed 1,000 students in our very first year of activity shows that the REA model addresses a real need in Romanian private education,” said Anca Macovei Vlăsceanu, co-founder & CEO of Romania Education Alliance.
In the medium term, REA aims to increase the number of students to 2,500, with growth driven 40% by organic development – through capacity expansion in existing campuses – and 60% by the addition of new schools in key cities where demand for private education is rising.
The network plans to integrate over 15 schools in major urban centers (Cluj-Napoca, Timișoara, Brașov, Craiova, Sibiu, Constanța), supported by planned investments of over EUR 20 million for the expansion and modernization of school infrastructure.
REA was founded in 2024 by Anca and Dan Macovei Vlăsceanu, education entrepreneurs and founders, together with the investment fund Morphosis Capital.
iulian@romania-insider.com
(Photo source: press release)
Romania ranks 11th in the world in the EF English Proficiency Index 2025, with a “very high” level of English language skills. According to the index, which represents one of the most extensive global studies on language competence, adults in Romania show a high level of English knowledge.
English remains the main international language of communication, but the new data show notable differences in Europeans’ abilities.
Romania scored 605 points in the ranking, up 12 points compared to last year, and significantly more than the global average of 488, with no significant differences based on gender.
With 624 points, the Netherlands keeps its position as the global leader in English as a foreign language for the seventh consecutive year, although its total score has dropped by 12 points compared to 2024. In the following places are Croatia and Austria, both recording notable improvements in their scores by 10 and 16 points, respectively.
In total, 12 EU member states fall into the very high proficiency category, a criterion that implies the ability to use nuanced language in social contexts, to easily read advanced texts, and to negotiate contracts in English with native speakers.
Overall, Europeans perform best in reading and listening in English, while speaking and writing continue to be weaker skills.
Italy, Cyprus, and France occupy the last positions in the ranking among EU states, being included in the moderate proficiency category. This describes people who can participate in meetings in their field, can understand song lyrics, and can write professional emails, but do not use English at an advanced level.
The 2025 edition of the EF EPI is based on tests from 2.2 million adults in 123 countries and regions. In parallel, Eurostat data show that English is by far the most studied foreign language in EU schools: in 2023, 96% of students in general education and 80% in vocational education at the upper secondary level were studying English.
The report also highlights a gender gap: between 2014 and 2025, men’s proficiency in Europe increased by 40 points, compared to only 20 for women. Moreover, young people between 18 and 20 are the only age group that has recorded a decrease in English level in the last decade, a trend that worsened after the COVID-19 pandemic.
“The English learning market is undergoing an unprecedented transformation as AI powers increasingly sophisticated apps and platforms,” explains Christopher McCormick, head of the EF assessment department.
(Photo source: Cacaroot | Dreamstime.com)
Romania will significantly reduce Eurobond issuance to EUR 10 billion in 2026 after it has been one of the biggest emerging market debt issuers in the world in 2025 (EUR 16 billion ytd), debt agency chief Stefan Nanu told Reuters. The government will face higher nominal gross financing needs in 2026, but non-market funding sources are abundant, including Resilience funds, SAFE defence funding, private placements (also used this year), and IFIs, Nanu explained.
While the nominal financing needs will increase in 2026 compared to 2025, they will diminish from 14.1% to 13.5%-14.0% of GDP, according to calculations based on the figures reported by Nanu.
All in all, Romania's gross financing needs will increase to between RON 275 billion and RON 285 billion (EUR 54 billion to EUR 56 billion) in 2026 from RON 269 billion (under EUR 53 billion) this year.
This year's gross financing needs estimate was upped this week by RON 10 billion (EUR 2 billion), for pre-financing purposes. Inter alia, this pre-financing will slightly elevate the public debt to GDP ratio at the end of 2025 (by some 0.5 percentage points).
Fiscal consolidation is expected at 0.9-1.4% of GDP in 2026, following a fiscal gap of 8.4% of GDP in 2025. This has resulted in RON 28 billion to EUR 38 billion lighter borrowing needs in 2026 compared to 2025. But the significantly higher volume of debt to be rolled over in 2026, namely RON 150 billion compared to RON 99 billion in 2025, generates some RON 50 billion supplementary financing needs.
"We are mindful about the 2026 refinancing risk caused by challenging market conditions in the first part of this year when we had to issue short-term maturities quite significantly," Nanu told Reuters. "Therefore, this partial pre-financing, as well as liability management we did this year via domestic switches and Eurobond tenders, will ensure gross issuance next year gets closer to this year's."
The debt agency lifted this year's funding target by RON 10 billion to RON 269 billion this week to pre-fund early 2026 needs. It also switched maturing Eurobonds in October, which has lowered next year's external debt redemptions to EUR 3.5 billion from EUR 4.25 billion initially.
Romania plans to use an array of non-market funding sources next year to significantly reduce gross Eurobond issuance to EUR 10 billion.
Non-market funding includes securing EUR 6 billion worth of EU recovery and resilience funds as well as tapping the new defence funding mechanism SAFE.
Romania also plans to get EUR 1.5 billion from international lenders such as the World Bank and European Bank for Reconstruction and Development, as well as EUR 3 billion in mostly loan-format private placements with "some structures already in advanced discussions," Nanu said.
The broad coalition government has raised some taxes and has begun cutting state spending, but with more measures needed to be approved, a budget plan for 2026 could be delayed.
"Several private placements planned for January and 2026's first Eurobond will depend on the adoption of next year's budget, which could be delayed through January," Stefan Nanu said.
iulian@romania-insider.com
(Photo source: Ruletkka/Dreamstime.com)
Ministerul Finanțelor dă startul subscrierilor în ultima ediție a Programului de titluri de stat FIDELIS din acest an, începând de vineri, 5 decembrie și până vineri, 12 decembrie 2025, românii au oportunitatea de a-și plasa economiile într-un instrument sigur, garantat de stat, cu randamente competitive și neimpozabile. Persoanele fizice rezidente și nerezidente, cu vârsta de […]
Articolul Ministerul Finanțelor lansează ultima ediție FIDELIS din 2025: Dobânzi neimpozabile de până la 7,55% în lei și 6,20% în euro a fost publicat prima dată în Curierul National.
Părinții elevilor din mai multe județe au semnalat pe adresa redacției faptul că școlile le-au respins dosarele pentru bursele sociale pe motiv că elevii ar primi pensie de întreținere, cunoscută…BCR lists bonds worth RON 1.12 billion on the Bucharest Stock Exchange. The total value of the BCR bond issues listed on the Exchange is almost RON 10 billion Banca Comerciala Romana (BCR), one of the most important financial groups in Romania, is listing today, November 28, a new bond issue on...
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OferteBancare.ro: The FED shifts its monetary policy direction – the global economy is slowing, but not entering recession. Romania shows signs of stabilization The recent decision of the U.S. Federal Reserve (FED) marks a turning point for global financial markets. After two years of accelerated monetary tightening, the FED is...
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The Bucharest Stock Exchange (BVB) announced the establishment of its Corporate Governance Committee on Thursday, December 4, to support the implementation of the revised 2025 BVB Corporate Governance Code.
Romania’s capital market recently celebrated 30 years of activity and is undergoing significant corporate governance reform. The revised BVB Corporate Governance Code, updated jointly by BVB and the European Bank for Reconstruction and Development (EBRD), will apply from the 2025 financial year.
The 2024 monitoring report for the previous code indicates high compliance among listed companies in areas such as board independence, conflict-of-interest disclosure, and board structure. However, challenges remain in board evaluation, disclosure practices, and nomination processes, where further guidance and oversight are needed.
The new Committee is intended to serve as a key advisory body, helping to address these weaker areas, BVB said.
The members of the new body are:
The new code is needed in the current context. The OECD Corporate Governance Factbook 2025 shows strong global momentum toward increased board accountability, clearer separation of oversight responsibilities, and expanded sustainability governance.
“Through the introduction of the Corporate Governance Committee, BVB aligns itself with these international trends and reinforces Romania’s progress in meeting OECD expectations during its ongoing accession process. The Corporate Governance Committee will focus on three strategic areas: supporting the implementation and monitoring of the revised Corporate Governance Code, promoting alignment with OECD principles and emerging global governance expectations, and fostering a culture of governance excellence across the capital market through guidance, dialogue, and engagement with listed companies,” the institution noted.
(Photo source: BVB)
Fitch Ratings on December 4 affirmed the long-term Issuer Default Rating (IDR) for Romania's largest lender, Banca Transilvania (BVB: TlV), at BBB- with a negative outlook, in line with the country's sovereign rating.
The price of the bank's shares rose 1.2% on the day the rating agency announced its decision, bringing the bank's market capitalisation to RON 32.7 billion (EUR 6.5 billion).
The rating reflects the bank's strong and well-established domestic franchise, healthy capital buffers supported by strong internal capital generation and stable funding profile, and reasonable asset quality, underpinned by conservative underwriting.
Future actions on the bank's rating would be triggered by changes in the sovereign ratings or sustained deterioration in the bank's asset quality (with the impaired loans ratio rising above 4%) and a structural weakening of operating profitability to below 2.5% of risk-weighted assets.
Banca Transilvania's Viability Rating (VR) was confirmed at bbb-.
The negative outlook on the 'bbb-' operating environment score for Romanian banks mirrors that on the sovereign rating and reflects the potential for a downward revision of the score if the sovereign rating is downgraded, the rating agency said.
Risks to the Romanian sovereign and the operating environment put pressure on Transilvania's business, risk, and financial profiles, given the bank's large concentration in the country.
iulian@romania-insider.com
(Photo source: Bancatransilvania.ro)