Romania has won an international arbitration case brought by investors in renewable energy, avoiding EUR 256 million in claimed damages. The International Centre for Settlement of Investment Disputes (ICSID) ruled on January 16, 2025, that Romania did not violate guarantees under the Energy Charter Treaty.
The Arbitral Tribunal also ordered the claimants, a group comprising 28 individuals and 16 companies, to pay Romania EUR 1.74 million and USD 218,458 to cover 50% of the country's...
Justice Minister Radu Marinescu (PSD) told Antena 3 that the prime minister's proposal to amend the law on magistrates' pensions represents "a starting point", but stressed that the Ministry of Justice has not drafted a bill to this effect, Bursa reported. Marinescu recalled that there is...
Romanian PM Ilie Bolojan warned of systemic irregularities in the country’s disability pension system, noting that nearly 1 million people currently receive such benefits, G4Media reported on July 29. The prime minister said the...
Romanian tech company Visual Fan (BVB: ALW), a developer of consumer goods (mobile phones primarily), goods that expanded various business lines, including EV imports and renewable energy projects development, announced that it signed a EUR 16.6 million contract for developing a power storage unit for Eurowind Energy. The company's shares rose by 3.5% on July […]
Vodafone Romania will take over most of Telekom Romania Mobile Communications (TKRM) after the Competition Council approved the transaction, while Digi Romania will acquire selected assets, the regulator announced on July 29. TKRM is indirectly controlled by Deutsche Telekom. Vodafone Romania will acquire TKRM’s core assets, including employees, postpaid and business customers, retail stores, and […]
Romanian vlogger and entrepreneur Selly, founder of the Beach Please festival, announced an investment of tens of millions of euros in an integrated resort and entertainment complex named Niburu on the Black Sea coast, near Costinești. It will involve EUR 50 million in the first stage, and the next edition of the festival Beach Please, […]
The Romanian stock market benchmark – the BET Index – officially crossed the 20,000-point threshold on Tuesday, July 25, 2025, marking a major milestone in its recent surge. The BET has gained about 7.5% in the last month, setting several new record highs on its path to 20,000 points. However, the Bucharest Stock Exchange’s recent […]
