Hungarian company Wizz Air, a major air carrier in Romania, recently lost the legal battle in which it contested an aid package of EUR 36.66 million granted by the Romanian government to the TAROM airline four years ago.
The European Commission approved billions of euros in state aid for European airlines during the COVID-19 pandemic, with many of these approvals subsequently being challenged in court by rivals. Romania provided a loan to finance TAROM's liquidity needs, which was repayable...
An internal survey by Romanian Business Leaders, which does not have national representativeness but was answered by 417 entrepreneurs, shows that 62% of entrepreneurs expect to have to make layoffs, while a third expect the number of employees to remain the same. The expected layoffs are directly connected to the possibility of Romania choosing a […]
Romanian Istvan Kovacs will be the main referee for the UEFA Champions League final between Paris St-Germain and Inter Milan, which will be played on May 31 in Munich. The match will be Kovacs’ third European final in the last 4 years. The 40-year-old referee has previously officiated the UEFA Europa Conference League final in […]
Over 70 museums across Romania will open their doors after hours for the 21st edition of Night of Museums, one of the country's most anticipated cultural events. Held on the night of May 17, the event offers visitors a unique opportunity to explore exhibitions, installations, and creative activities in an unconventional, late-night setting. From major […]
Interim president Ilie Bolojan decorated Romanian star handball player Cristina Neagu with the Order "Faithful Service in the rank of Knight" during a ceremony on Monday, May 12. During the service, the official noted that Neagu gave Romanians many moments in which to feel proud. He also said that the athlete’s character, discipline, and courage, […]
The Praid Salt Mine, in central Romania, is still closed to tourists due to the flooding that took place following last week’s rains. Salt extraction activities are also halted due to the risk of collapse, while efforts are underway to remove the water accumulations. The management announced last week that the salt mine is temporarily […]
Romania’s Competition Council has approved the acquisition of Karamolegos Bakery Romania by Vel Pitar, a company fully owned by global bakery group Bimbo, the authority announced on May 12. Karamolegos Bakery Romania is involved in the production and sale of packaged bread under brands such as KB Toast, KB Selected, and Mândra. It also supplies […]
