Romanian democracy and state of law are facing a new challenge 25 years after the fall of communism as the country heads to the polls to elect a new president on Sunday. Social Democratic prime minister Victor Ponta, the ethnic German mayor of the city of Sibiu Klaus Iohannis spearheading the opposition and 12 other candidates are vying for the seat which incumbent President Traian Basescu has held for ten struggling years. The first round of elections today ends a campaign like no other in Romania's recent past, with no real political debate but marred by a sweeping wave of corruption-related arrests, suspicions of intelligence services interfering with the political process, and a heavy use of biased media to smear rivals and shove sensitive issues under the carpet.
Dozens of towns and other localities across Romania will receive digitalized eco-islands for waste collection after an EUR 260 million project initiated by the Environment Ministry. The funding for the program is provided through the EU-backed National Recovery and Resilience Plan, or PNRR. The first eco-islands were installed in the towns of Dărmănești and Moinești, […]
MEP Victor Negrescu recently announced that Romania is on the "final stretch" toward full accession to the Schengen area. Romanian authorities on the governmental side showed increased optimism in the matter in the last weeks as the presidential elections draw closer. Negrescu, a vice-president of the European Parliament for the Social Democratic group, made the […]
Farmland prices in Romania have seen a sharp increase over the past decade, with some regions experiencing rises of up to 40%, according to a new report by Appraisal & Valuation SA (BVB: APP), the company behind the NAI Romania & Moldova brand. Driven by strong investor interest, infrastructure improvements, and rising demand for agricultural […]
The new supply of retail projects could exceed the threshold of 200,000 sqm in Romania in 2024, considering that 140,000 sqm of shopping centers and retail parks were delivered nationwide in Q1-Q3, according to real estate consultancy company Cushman & Wakefield Echinox. By comparison, in 2023, developers completed 213,000 sqm of new retail spaces, a […]
The representation of Romania’s equity market in the MSCI Frontier Markets indices is set to grow, with two additional Romanian companies slated for inclusion in MSCI's global benchmark indices. Starting November 26, 2024, shares of Turbomecanica (TBM) and Prebet Aiud (PREB), both listed on the Bucharest...
Flip.ro, a company specializing in selling refurbished phones, tablets, and laptops, made sales worth EUR 2 million on the first day of its Black Friday campaign, November 7. The Romanian startup promotes sustainable shopping and a circular economy by offering consumers expertly refurbished devices, with a 2-year warranty. This year, over 1,000 orders were placed […]
