The European Bank for Reconstruction and Development (EBRD) issues a EUR 57 million syndicated loan for the development of a wind power facility in Topolog-Dorobantu in south-eastern Romania, a press release informs. The purpose is to stimulate the Romanian renewable energy market. The loan follows EBRD’s A/B loan syndication structure, with the EBRD bank contributing [...]
A memorandum establishing a new stock exchange in the Republic of Moldova was signed on September 15 in Chișinău, with the Bucharest Stock Exchange (BVB) set to play a key role as shareholder and technology partner, according to Bursa.ro. The new Moldovan exchange will run...
The “service pensions”, also known as special pensions, paid to civilians (military not included in the report), cost the state budget and the state social insurance budget a total of RON 2.2 billion in 2024, over 22% more than in 2023,
The Czech company Tesla has officially announced to the government and local authorities that it is abandoning the project to build the energy storage factory in Brăila, an investment of EUR 90 million that was also to receive state aid, according to
Romanian households' purchasing power has deteriorated in July, both as a result of slower nominal advance (+5.2% y/y, the weakest in four years) but also because of a sharp rise in inflation (7.68% y/y) following the VAT rate hike, according to data published by the statistics office INS. The average net wage dropped by 3.0% […]
Romania’s industry showed signs of recovery with the combined May-July output rising 4.0% y/y and the past year’s performance showing an upward trend (+2.9% per year). But the recent improvement data is mixed, and the past year’s trend looks extremely fragile, according to data published by the statistics office INS. The findings are consistent with […]
The Romanian city of Alba Iulia has entered the Guinness World Records after building the world’s longest table made from recycled materials, stretching more than 2.7 kilometers around the historic Alba Carolina Citadel. Organized by Bloom The World and its partners, the event, named Masa Care Unește/The Table That Unites, drew over 10,000 guests from […]
