European Commissioner for Regional Policy Corina Cretu in Cluj on Thursday said that Romania will generate economic risks, unless it absorbs sufficient European funds. ‘Since I am in Romania, I must send this message: if in the period ahead Romania fails to speed up its pace of absorbing European funds, economic risks will spring up […]
The substance of the revision, by emergency ordinance OUG 21/2024, of the merger of local and European elections in Romania in 2024 does not go against international standards, the Venice Commission concludes in a report published on March 18, while admitting that the procedure was still problematic in some aspects. Romania’s Government decided...
Booster Capital, a private equity fund launched in late 2024, has reached an agreement to acquire a significant stake in Bisbags, one of Romania's leading manufacturers of paper bags and packaging, according to
Romanian company Avant Airports has confirmed in an email to Romania Insider its plans to develop Alexeni Airport, a EUR 400 million project near Bucharest, aiming to become the largest cargo hub in Eastern Europe within the next three years. The announcement comes a year after the company signed a concession contract with local authorities […]
The local authorities in Cluj County, central Romania, are exploring the option of financing the expansion of the Avram Iancu International Airport in Cluj-Napoca through bonds issued at the Bucharest Stock Exchange (BVB). The airport would reach an annual capacity of 20 million passengers per year from 1.5 million currently. Alin Tişe, the president of […]
Agroland Business System, which operates the largest network of agricultural stores in Romania, listed on the Bucharest Stock Exchange its second issue of registered, dematerialized, unsecured, and non-convertible bonds, with a total value of RON 6.92 million (EUR 1.4 million). The bonds carry a nominal fixed coupon of 9.75% / year, payable semi-annually, with the […]
Romania’s interim president Ilie Bolojan is set to appoint former prime minister Dacian Cioloș as honorary advisor starting March 20, according to an announcement from the Presidential Administration. He will be responsible for involvement in coordinating and monitoring the implementation of Romania’s strategic partnerships. Dacian Cioloș served as the prime minister of the technocratic government between […]
