Mayors of Bucharest and Madrid will sign a memorandum of cooperation between the two cities in sustainable development, infrastructure, education, culture and tourism fields, on the occasion of Aa visit that Gabriela Firea will pay to the Spanish Capital, as of November 5. The General Mayor of the Capital City Bucharest will have a series of meetings with experts of the Madrid Municipality, on issues related to the smart city concept and infrastructure, and also with representatives of some specialized companies to discuss about urban planning and urban governance models. She will also attend the opening of the World Forum on Urban Violence and Education for Better Living Together and Peace and she will meet President of the Madrid Community Angel Garrido. “A city with almost 4 million inhabitants like Madrid, which managed in just a few year to solve, through a clear strategy, its problems related to traffic and to successfully implement smart city projects represents an administrative model for the Romanian capital. I want to set the grounds for a long term collaboration, in order to benefit from the expertise of the Madrid specialists, not only in what concerns the traffic problems, but also in areas like education, urbanism and culture,” stated Gabriela Firea, according to a release of the Bucharest City Hall (PMB).
BCR achieved a net profit of RON 1,473 million (EUR 294 million) in H1 2025, up by 12.0% against RON 1,314 million (EUR 264 million) in H1 2024, driven by improved operating result underpinned by advance in customer business. The operating result improved by 11.9% to RON 2,084 million (EUR 417 million) in H1 2025, […]
Prices for an array of goods and services will rise in August after the Romanian government increased VAT and excise duties. Train tickets, communications, retail goods, and health contributions for previously exempted categories are set to take effect. To tackle an out-of-control deficit, the government decided to increase the standard VAT rate from 19% to […]
US Secretary of State Marco Rubio, on July 31, had a conversation with Romanian Foreign Minister Oana Țoiu about the most important aspects of bilateral relations. In a post on X, Țoiu said her visit to the US, planned for September, would prepare President Nicușor Dan's official visit to Washington early next year. I had […]
Romanian technology group Visual Fan, best known for its consumer electronics brand Allview, announced that it has signed a partnership with Trina Storage, the energy storage division of the Chinese company Trina Solar, for the development of a battery energy storage system in Topliţa, with a capacity of 65 MWh. This is the first project […]
Romanian energy group OMV Petrom (BVB: SNP) announced its sales revenues dropped by 7% y/y in Q2, resulting in a 1% y/y contraction to RON 17.0 billion (EUR 3.4 billion) in the whole H1, while its net profit plunged by 17% y/y in Q2 and 21% y/y to RON 2.1 billion in H1, according to […]
The volume of building permits for retail spaces in Romania, measured in square meters, surged by 53% y/y to 303 thousand square meters in H1, according to data published by the statistics office INS. The number of projects rose by 42% y/y to 261. The residential construction segment, driven by the individual (as opposed to collective) […]
