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President Iohannis, at the US Independence Day, hints at Romanian ruling coalition to observe rule of law

July 31, 2018
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Bucharest takes top spot in ranking of most affordable European capitals to live in

A new ranking has revealed the most affordable European capitals to live in, with Bucharest, Romania, topping the list.  The ranking was compiled by personal finance experts at Finansvalp by taking into account data from the cost-of-living website Numbeo in order to create an affordability index. Every European capital city was measured and given a […]

Artists from six European countries come to Europavox Festival Bucharest in April

Europavox Festival Bucharest, an event aiming to highlight some of the newest and most interesting live music acts from all across Europe, returns to Control Club this spring for its fourth edition. Artists from six European countries, along with two up-and-coming local bands, will perform at the festival on April 3-4. Dutch singer-songwriter Pip Blom, […]

Romanian officials mark 20 years of NATO membership

Romanian officials marked 20 years since the country joined the North Atlantic Treaty Organization (NATO) on Friday, March 29, noting the importance of Romania’s membership in the defensive military alliance.  On March 29, 2004, Romania officially joined NATO by submitting the documents of ratification at the US State Department, the depositary state of the North […]

Bucharest mayor says urban plans he blocked in court were billion-euro corruption scheme

The district urban plans (PUZ) endorsed by district mayors were corruption schemes generating billions of euros, Bucharest mayor Nicusor Dan argued. He said that four of the six such district urban plans (PUZs) were definitively scrapped in court, and the other two will be suspended again starting next Monday.  "The PUZs from districts 3, 4, […]

Korea’s DS Private Equity joins Romania’s Small Modular Reactors programme

Korea’s DS Private Equity (DSPE), part of Korea’s DS group, will join as a financial investor the Romanian project company RoPower, formed at this moment by state-controlled Nuclearelectrica (BVB: SNN) and private company Nova Gas and Power (the owner of the location), which is developing the Small Modular Reactors (SMR) programme with the technology provided […]

Hidroelectrica assures investments will continue despite 100% payout ratio

The CEO of Romanian hydropower group Hidroelectrica (BVB: H2O), Karoly Borbely, assured that despite the 100% dividend payout ratio proposed by the management, the company has enough resources to finance its investment and maintenance projects.  "The dividend proposal reflects the performance commitment assumed by the company's new management team to the shareholders. [...] Accelerating investments […]