Romania's forests are being endangered by illegal clearing and faulty management and the studies show that 8.8 million cubic metres disappear every year, Greenpeace said in a release on Thursday."Forests are endangered by illegal clearing and the faulty management achieved in the absence of a national development strategy. Official studies showed that 8.8 million cubic metres of wood disappear from the forests every year and Greenpeace research revealed that only 0.5 million cubic metres is investigated by the authorities and that more than 360,000 hectares of forest have degraded between 2000 and 2014", the document says. Valentin Salageanu, the coordinator of the campaign for the protection of forests at Greenpeace Romania explained the figures prove that the faulty management and corruption affected the interests of the Romanian society. "This alarming data proves that faulty management and corruption have affected the interests of the entire Romanian society — on the one hand by failing to capitalise on the forest in an efficient and eco-friendly manner, while on the other destroying a priceless wildlife patrimony. We, therefore, continue to insist that the forests in Romania must be protected, managed in a sustainable manner, developed and perpetuated with a view to maintaining and improving the multiple services that they offer", Salageanu said. Greenpeace launched on Thursday its vision of the future of the Romanian forests, with the document to be put forward to the concerned authorities.
Representatives of the ruling Social Democratic Party, PSD, gathered for a congress in Bucharest on Friday, November 7, to elect new leadership and to amend the party’s Statute. The only candidate for party leader is Sorin Grindeanu, who held the interim position after Marcel Ciolacu's resignation in May. In his speech at the congress, Sorin […]
The e-commerce sector recorded strong early results on Black Friday 2025, according to real-time data released on Friday, November 7, by PayU GPO Romania from its dedicated Media Center. By 14:10, the payment processor reported successful transactions totaling RON 514 million (roughly EUR 101 million). PayU said shoppers had made roughly 889,000 purchases, with around […]
Contakt Express Logistik, one of Romania’s leading retailers of mobile phone and tablet accessories, with a network of over 235 stores, is set to launch the initial public offering (IPO) between November 12 and December 3, 2025. The company offers a wide range of products, including cases, screen protectors, chargers, and gadgets, both in physical […]
Romania attracts fewer international tourists today than it did during the communist era, making it the only country in Europe in this situation, the National Association of Travel Agencies (ANAT) warned, as reported by news agency Agerpres. According to the organization, Romania received more than 3.4...
InterCapital ETF, the first international ETF provider in Romania, will launch two new exchange-traded funds on the Bucharest Stock Exchange starting November 11, 2025. The new instruments are the InterCapital CROBEX10 TR UCITS ETF, which offers exposure to the Croatian blue-chip equity market by tracking the performance of the CROBEX10tr index, and the InterCapital EUR […]
The Competition Councils of Romania, Bulgaria, and the Republic of Moldova have granted the necessary authorizations and approvals for the completion of the transaction through which Maspex Romania takes over the majority shareholding of Purcari Wineries. The Maspex Group, which has been present in Romania for nearly 30 years, became the majority shareholder of one […]
