The EU Solidifies Its Defence Mechanism Against Foreign Economic Coercion In a proactive measure aimed at preserving economic autonomy, the European Union (EU) has formally introduced the “Anti-Coercion Instrument” (ACI) to shield its member states from undue economic pressure exerted by third countries. This strategic legislation represents a significant leap...
Mercure has opened a new hotel in Romania’s Alba Iulia, marking the first internationally affiliated hotel in the historic center of the Transylvanian city. The design and decor draw inspiration from the city’s rich history, including recent archaeological discoveries of a Roman road, according to the company. The hotel features 118 rooms, a Roman-inspired spa, […]
Romanian authorities are reportedly investigating a potential case of Russian sabotage involving the deliberate contamination of Azerbaijani crude oil intended for OMV Petrom’s Petrobrazi refinery, G4media.ro...
Romania’s minister of environment Diana Buzoianu appointed two controversial members to the board of directors of Romsilva, the state forestry management company, on August 7, despite public concerns over their integrity,
Romania's banking sector has recorded the highest profitability in the European Union, despite maintaining one of the lowest loan-to-deposit ratios in the bloc, Ziarul Financiar reported, citing a report by the National Bank of Romania (BNR) based on European Banking Authority (EBA) data. According...
Non-EU e-commerce platforms that sell directly to consumers in Romania may generate tax losses of about RON 10.86 billion (some EUR 2.12 billion) per year by 2027 if their expansion continues at current rates, according to an impact analysis published by the Romanian Association of Online Stores (ARMO) and carried out by independent analyst Iancu […]
Nofar of Israel, which already operates the largest photovoltaic park in Romania, may receive a loan of EUR 68 million from the European Bank for Reconstruction and Development (EBRD) for three large photovoltaic parks that it is developing in the south of the country. The EBRD’s project is in the exploratory stage. The total capacity […]
