Defendants must also pay court expenses worth RON 17,000 each. The Supreme Court yesterday sentenced former Agriculture ministers Decebal Traian Remes (L) and Ioan Avram Muresan (R) to three years in prison, in a case of corruption that became known as “The Black Pudding Case.†The sentence is not final and may be challenged in [...]
Ultranationalist independent candidate Calin Georgescu would mark a clear win in the first round of the presidential elections (38%) but would not significantly improve his score in the second round against the candidate of the ruling coalition Crin Antonescu whom he might defeat with 39% to 38%, according to a poll conducted by Avangarde. The […]
Stanleybet Capital, the holding company overseeing one of the main sports betting and gambling operators in Romania – Game World Group – has announced a public bond offering to raise between EUR 3 and 5 million. The funds will be allocated to marketing and promotion efforts for its online and retail divisions, as well as […]
Ameropa Grains, Romania’s largest grain trader with an annual turnover exceeding RON 8 billion (EUR 1.6 billion), has listed silos in Călăraşi and Constanţa for sale, including strategic facilities with access to the Black Sea. Sources cited by Ziarul Financiar indicate that Cambela Prod,...
Dulcinella Romania, a local network of confectioners and pastry shops with Bessarabian roots, plans this year to open a factory in Târgu Neamț where the production activity would be relocated, which would help it reach a turnover of EUR 10 million, up 30% compared to 2024. The plant would have a production area of 4,700 […]
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 […]
The volume of construction works in Romania decreased by 5.0% y/y in the first 11 months of 2024, according to data published by the statistics office INS. The figure compares to a 1.5% decline expected by the government for the entire 2024, included by the state forecasting body CNP in the latest projection drafted in […]
