President Klaus Iohannis announced on Tuesday that CSAT issued a favourable report on the budgets of national security institutions, but criticised the overall draft budget, calling it “problematic,” “too optimistic,” “inflated.” The members of the Supreme National Defence Council (CSAT) met on Tuesday at the Cotroceni Palace to discuss the 2017 budgets of national security […]
Technology company Endava has signed a framework agreement with Romania’s Authority for Digitalization (ADR) to support the migration of at least 30 government applications to the new Government Private Cloud, a project funded through the National Recovery and Resilience Plan (PNRR). The collaboration marks a major step in Romania’s digital transformation strategy, aimed at creating […]
Cris-Tim, the leader in the Romanian cold cuts and ready meal markets, announced on October 15 that it has received approval from the Financial Supervisory Authority to list its shares on the Bucharest Stock Exchange (BVB). The offering is taking place between October 17 and 29. The initial public offering consists of the sale of […]
The private pensions law, which sets out how money can be withdrawn from private pension systems like Pillar II and III, passed the final vote in Parliament and is heading for promulgation. According to the new regulation, participants could withdraw at most 30% of the accumulated savings upon retirement. The rest of the money is […]
The Petrotel Lukoil refinery in Ploiești, in Romania’s Prahova county, will shut down completely for 45 days for a scheduled general overhaul, the company announced on Thursday, October 16. The maintenance work will take place between October 17 and November 30 and will cover both technological installations and auxiliary units,
Via Danubiana, an ecotourism trail following the Romanian stretch of the Danube River, reached a new stage earlier this month with the installation of its first milestone in Teleorman County. The marker, set up in the commune of Islaz, is the fourth along the route and part of efforts to link riverside communities through nature […]
The German STIHL Group has officially inaugurated its first production facility dedicated exclusively to battery-powered equipment in Oradea, western Romania, on Wednesday, October 15, after an EUR 125 million investment. Construction began in March 2024 and was completed in less than 18 months. The factory will gradually increase its production capacity, reaching an annual volume of […]
