The Romanian government will contribute up to EUR 50 million to subsidize the interest owed by Ukraine for the repayment of the EUR 18 billion loan from the EU approved for Kyiv by the Council and the European Parliament in December of last year.
The EU borrows the money it lends to Ukraine from the international capital markets, and the loan has accrued interest in the year that has passed since. The EUR 18 billion loan made short-term financial assistance available to Ukraine.
"Given...
Bog’Art Residential, part of the Bog’Art Group, a developer of premium residential properties in Central and Northern Bucharest, acquired a plot of land in an ultra-central area of Bucharest and formed a strategic joint venture with a Spanish investor for the development of a boutique residential complex valued at about EUR 20 million. The project […]
One United Properties (BVB: ONE), Romania’s leading green developer of residential, mixed-use, and office real estate, recorded a turnover of EUR 70.7 mln in Q1 2025 and a gross profit of EUR 22.6 mln, while the net profit for the three months stood at EUR 19.3 mln. “The first quarter of 2025 unfolded in a […]
The Romanian team participating in the 2025 Asian Physics Olympiad, held in Saudi Arabia, achieved the remarkable performance of winning seven medals, namely two gold, two silver, and three bronze medals, as well as an honorable mention. The competition, now in its 25th edition, was held in Dhahran, in the Kingdom of Saudi Arabia, with […]
Interim president Ilie Bolojan said on Monday, May 12, that he would vote for independent candidate Nicușor Dan in the second round of Romania’s presidential election. Dan, the current mayor of Bucharest, runs against George Simion, the leader of the far-right party AUR, in the election scheduled for May 18. In an interview with
Romania aims to strengthen its defense industry by manufacturing drones and purchasing military vehicles from Germany’s prime arms manufacturing company Rheinmetall, taking advantage of the EU’s EUR 800 billion defense budget. The Romanian Ministry of Economy announced that drones, explosives, and ammunition to NATO standards will be produced in the country. The drones will be […]
A new survey conducted between the two rounds of Romania’s presidential elections shows that trust in democratic institutions is at a historic low, despite continued civic participation. The “Unfinished Democracy” poll, carried out by AtlasIntel in partnership with the Eidos Foundation and Politică la Minut, reveals widespread dissatisfaction with how democracy functions in Romania. Only […]
