Russia carried out 34 hybrid attacks against Romania last year, according to a report by the Italian Republic’s Intelligence System for Security (AISE), which indicates that Romania has become one of the Kremlin’s preferred targets. The name of Calin Georgescu also appears in the Italian intelligence services’ document. The Italian intelligence services’ report states that Romania was targeted by aggressive hybrid attacks on the electoral process. The Italians write that 25,000 TikTok accounts became highly active in supporting presidential candidate Calin Georgescu two weeks before the November 2024 elections. Additionally, they mention 797 pro-Calin Georgescu accounts created in 2016, which became very active shortly before the elections. There were 5,005 Telegram accounts spreading propaganda in favor of Calin Georgescu, and $381,000 was spent on sponsoring this content, according to the report. The amount was spent starting from October 24, 2024. The Italians also report direct cyberattacks on Romania’s electoral infrastructure until November 25, 2024, counting 85,000 attacks during the electoral process. These attacks originated from servers in 33 different countries but are attributed to the Kremlin. The report also covers elections in Georgia and the upcoming ones in Germany, but its most detailed analysis focuses on Romania. On March 3, Italy’s ambassador to Bucharest, Alfred Maria Durande, announced that foreign forces had interfered in last year’s Romanian presidential elections. He spoke of an “intense and deep manipulation” of the country’s electoral process.
The state cargo railway company CFR Marfa, which entered insolvency in April after five years of pre-insolvency status, plans to diminish its dues by 32% to RON 3.1 billion (EUR 620 million) during this year by the transfer of RON 1.5 billion (EUR 300 million) of assets to the newly set up company Carpatica Feroviar, […]
Taiwanese group DDK, one of the world's largest manufacturers of bicycle saddles and components, has registered in Romania the company DDK Europe Bicycle Components, based in Timisoara, Romania, marking a new stage in the group's plan to open a production facility in the country, according to
The Romanian state, through the company that manages the Port of Constanta, submitted a non-binding offer to take over the operator of Moldova's sole maritime port Giurgiulesti (PILG), namely the company Danube Logistics (Moldova), from the European Bank for Reconstruction and Development (EBRD), according to
The European Commission reportedly refused Romania's plan to re-allocate Resilience Facility money from infrastructure projects that are delayed and can not be implemented within the deadline to projects that are in a more advanced stage but were developed under national schemes (hence contracted under different, generally less restrictive, procedures). Even if the formation of a […]
In line with broad consensus, Romania's central bank (BNR) decided to keep interest rates unchanged at 6.5% in the May 16 meeting. Amid persistent inflation (5.3% y/y CORE2 inflation in March-April) and fiscal uncertainties, analysts expect the first rate cut no sooner than this autumn. Disappointing growth and monetary policy stance of the ECB and […]
Pro-EU independent candidate Nicușor Dan, the mayor of Bucharest, has won Romania’s presidential election on May 18, drawing congratulations from leaders across Europe. Among them, Moldovan president Maia Sandu, EU leaders Ursula von der Leyen, Antonio Costa and Roberta Metsola, French president Emmanuel...
