Romanian anti-corruption prosecutors on Tuesday launched raids at 14 addresses in the cities of Bucharest and Ploiesti in a criminal case linked to suspected acts of corruption and EU fund fraud, the anti-graft body DNA has announced. According to judicial sources, targeted firms include a company established by the mother of Romanian PM Victor Ponta, which is now partially owned by Alexandra Hertanu, Ponta's sister. Also on Tuesday, Ponta's brother-in-law Iulian Hertanu, prominent politician and businessman Sebastian Ghita - one of Ponta's cronies - showed up for testimonies at DNA Ploiesti.
Rompetrol Rafinare, a KMG International Group (Rompetrol) member company, announced it recorded in the first nine months of 2024 a gross turnover of USD 3.57 billion and an operational result (EBITDA, an indicator that measures the company's profitability before deducting depreciation, interest, fees, and taxes) of about USD 125 million. The financial results were impacted […]
The Romanian natural gas group Romgaz (BVB: SNG) announced that it obtained a net profit of almost RON 2.3 billion (EUR 460 million) in the first nine months of this year, 4.8% more compared to last year, according to a note sent to investors. The company's total revenues dropped by 16.3% y/y to RON 6.13 […]
Romania's energy group OMV Petrom announced that Transocean Barents, the mobile semi-submersible offshore drilling unit contracted for the Neptune Deep natural gas extraction project, has arrived in Constanta. "The arrival of the platform marks a crucial moment in our effort to develop the first gas project in the deep water area in Romania, together with […]
Romania's economy will expand by only 1.4% in 2024, slowing down from 2.4% in 2023 and 4.0% in 2022, but it will gradually recover to stronger growth rates in the coming years: 2.5% in 2025 and 2.9% in 2026, according to the European Commission's Autumn 2024 Economic Forecast. The rebound will be driven by a […]
If you’re searching for a hidden gem in Europe, Romania is calling your name. Tucked between the Carpathian Mountains and the Black Sea, this country is an untouched marvel, combining natural beauty, rich history, and endless opportunities for entrepreneurs and retirees alike. Romania offers a unique blend of modern life and ancient charm, making it […]
Let’s talk about the lack of connection with our body and how this is closely tied to burnout, plus, what to do about it. So often throughout the day, we live almost entirely in our minds. We’re focused either on what we have to do at the moment—tasks that increasingly demand mental effort over physical […]
