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Polemics between the incumbent and former PM over the EU funds. Premier Grindeanu accuses Ciolos Gov’t of delays and losses in absorption of European grants, ex-PM defends himself

February 22, 2017

Premier Sorin Grindeanu announced on Monday evening that his ministers will publish in the following period an up-to-date analysis of the situation, accusing the Ciolos Government of a “drama,” namely of delays and losses related to the absorption of European grants that can no longer be recovered. “Neither my colleagues nor I have talked about […]

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Homedit opens its first premium furniture and decoration showroom in Bucharest

Homedit, a Romanian brand of premium furniture and home décor, announces the official opening of its first showroom, located in an interwar house in central Bucharest ("The Bamboo House”, located at No.3, Dumbrava Roșie St.).  With a total investment of approximately EUR 12 million, the business was founded in 2016 as an online store by […]

Romania events: Theater festival brings international productions, parades, and live music to Sibiu

The 32nd edition of the Sibiu International Theatre Festival (FITS) begins on Friday, June 20, bringing over 5,000 artists from 82 countries to the city. The events will take place over ten days and will transform the city into an "open-air stage, with large-scale productions, impressive installations, parades, fire shows, live music, aerial dances, and […]

Romanian mountaineer, conservationist Alex Găvan featured in special Discovery series

The well-known science and nature channel Discovery is currently marking four decades since its global launch in 1985 with a special series titled "Discovery Changed My Life,” bringing testimonies from personalities whose vision was shaped by Discovery. Among those featured is also Romanian mountaineer and conservationist Alex Găvan.  The series premieres on Sunday, June 22, […]

Meta Estate Trust puts EUR 2 million in retail park near Bucharest

Meta Estate Trust (MET), a holding company operating in the real estate sector, has invested approximately EUR 2 million in a new retail park currently under development in Ciolpani, a commune located on the Bucharest–Ploiești corridor (DN1), it said. The project is scheduled to be completed and handed over to tenants this year, with an […]

Cushman & Wakefield Echinox: Romania has many advantages for attracting investments in data centers

Romania benefits from a series of favorable factors that facilitate the growth and expansion of data center capacity and could emerge as a developing market, according to an analysis conducted by the real estate consultancy company Cushman & Wakefield Echinox.  A diversified energy mix, with over 50% of energy production coming from renewable sources, along […]

German group DEHN to open production facility in southern Romania

The German company DEHN, a manufacturer of electrical engineering solutions for critical infrastructure, including lightning and surge protection, as well as safety equipment, will open a production site in Piteşti, southern Romania. The facility, the company's first in the country, will expand its capacities to serve customers in Europe. It fits seamlessly into the company's […]