Banks tightened lending standards for retail mortgage loans in Q1 of this year, and this trend will continue also in Q2 of this year, shows the Survey on lending to non-financial companies and population, released on Monday by the National Bank of Romania (BNR). ‘In Q1 2016, the lending standards of the loans for buying […]
Romanian tax agency ANAF has put up for sale the factory of infamous disinfectant-maker Hexi Pharma. The company was involved in a major scandal regarding diluted disinfectants delivered to hospitals years ago. The controversial company, now in insolvency, has debts of RON 17.6 million to the Romanian state, and the Prosecutor's Office attached to the […]
On March 22, 2025, Romania will join millions globally in marking the 19th edition of Earth Hour, a powerful movement organized to raise awareness about environmental issues. This year's Earth Hour coincides with World Water Day, with initiatives emphasizing the need to protect and regenerate vital water resources. In Romania, WWF said it is using […]
Soulmates Ventures, a Prague-based Venture Capital (VC) firm, is strengthening its commitment to sustainable innovation with a EUR 50 million fund, increasing initial investments to up to EUR 3 million per startup, with follow-on funding totalling up to EUR 5 million to ensure long-term support. Investing under Article 9 of the SFDR, the accelerator and […]
The Public Transport Company of Timișoara (STPT), a major city in western Romania, said it will discontinue its electric scooter service, TroTM, starting this year. The decision comes due to concerns about the service’s efficiency and economic sustainability. Despite initial expectations, the TroTM service has seen limited usage, with only 350 users per month and […]
The Environmental Guard has fined Bucharest City Hall RON 100,000 (over EUR 20,000) for failing to implement several environmental measures, particularly regarding air quality and green space management. The sanction follows repeated inspections that revealed the municipality’s failure to comply with previous directives, according to the official announcement. One of the major issues identified is […]
The Babuk cybercrime network claims to have breached the system of the French telecommunications company Orange again on March 17, after the February 23 security breach, and stolen massive amounts of data. Now, the hackers threaten to make some of it public. In February, Romania’s National Cybersecurity Directorate, or DNSC, reported that the breach impacted […]
