As Nokia announced the closure of its plant in Jucu, Cluj county on Thursday, four years after its arrival in Romania, a three-party contract on the Jucu factory signed by Cluj county authorities, Nokia and the Tetarom industrial park remains secret. That comes against Romanian legislation and despite calls that the contract be made public. HotNews.ro first demanded the disclosure of the contract as early as 2007, but without results.
The European Commission (EC) approved Romania's national defense projects worth almost EUR 16.7 billion under the Security Action for Europe (SAFE) programme, paving the way for low-cost, long-term EU loans aimed at strengthening military capabilities and strategic infrastructure. On January 15, the EC endorsed the defense investment plans of eight EU member states - Belgium, […]
Thousands of people gathered in central Bucharest on January 15 for a rally initially organised in opposition to the so-called Vexler Law, the legislation aimed at strengthening Romania’s legal framework against extremism, antisemitism, and xenophobia. The demonstration later broadened into a protest against the government and state authorities more generally. The rally was first promoted […]
OMV Petrom (BVB: SNP) has calculated total "impairment adjustments" of EUR 420 million, which will be seen in the financial results of the last quarter of 2025, arising mainly as a result of the agreement between the OMV group and the Romanian government at the end of last year. "Following the principles agreed between OMV […]
The Romanian minister of finance, Alexandru Nazare, on January 15, signed the second financing agreement with the European Investment Bank (EIB), worth EUR 500 million, intended to support the construction of the A1 Sibiu-Pitești motorway, one of the most important road infrastructure projects in Romania. The EIB loan will partially finance the state contribution to […]
Europe could face a wave of credit rating downgrades if tensions with the United States over Greenland fracture NATO, Fitch's chief sovereign ratings analyst, James Longsdon, said on January 15, according to Reuters, as quoted by Ziarul Financiar. Romania is working to maintain its fragile investment-grade rating after narrowly avoiding...
The industrial production volume in Romania contracted by 1.1% y/y in January-November and by 0.9% y/y in the 12 months to November, after a disappointing performance (-2.9% y/y) in November, according to data published by the statistics office INS. The production dropped by 0.7% m/m in November after adjustment for seasonality. The state forecasting body […]
