Hungary will soon sign an agreement that will allow it to import 4 billion cubic meters of natural gas from Romania annually for the next 15 years, Hungarian Prime Minister Viktor Orban announced last week. It is, in fact, an agreement on the use of the future gas pipeline BRUA, which does not guarantee that the entire quantity of 4 billion cubic meters of gas will be exported to Hungary. Once Romania is linked to the West European market via Hungary - Austria, the Romanian gas will be bought by the consumer who will provide the best conditions.
A new study conducted by the National Sample agency (formerly European National Panels), which thoroughly analyzes how people use social media, shows that Facebook remains the most popular social network in Romania, actively used by 75% of the online population aged 18 to 54. Romanians between 45 and 54 use Facebook with preference, while younger […]
RIVUS Cluj-Napoca, the mixed-use urban reconversion project developed by companies IULIUS and Atterbury Europe, was granted the largest loan for a new real-estate development in Romania, namely EUR 400 million. Around EUR 180.3 million will be provided by the European Bank for Reconstruction and Development (EBRD). Thanks to the loan, Cluj-Napoca will see the transformation […]
Former prime minister Marcel Ciolacu announced on Tuesday, May 20, that he has resigned as head of the Social Democratic Party (PSD), the largest in the Romanian legislature. The interim leadership of the party will be taken over by transport minister Sorin Grindeanu, a close ally of Ciolacu, who secured the position with 67 votes to […]
Anca Manitiu, Deputy CEO of Impetum Group - one of the biggest private equity managers in Romania - analyzes the recent trends and numbers in the European and regional private equity market. Europe's alternative investment fund market - funds investing in private companies, startups, and growth projects - is transforming. While capital previously flowed freely […]
Romania has overtaken Poland as the worst country in the EU for LGBTQ+ people, according to a ranking published by the Brussels-based non-governmental organization ILGA-Europe. Countries are placed in the organization’s annual "Rainbow Map" according to factors such as the number of hate crimes in a given year and the rights afforded by authorities to […]
Romanian national Stanislav Carpiuc, 26, from Romford, was charged with conspiracy to commit arson with intent to endanger life following the fires in north London. The Romanian was arrested on May 17 at London's Luton Airport and is due to appear at Westminster Magistrates' Court on Tuesday. He is the second man charged in relation […]
