National power grid company Transelectrica ended 2016 with a net profit of 285.511 ml lei, down 20.7 pct from the year before, according to provisional financial data for the reporting period ending December 31, 2016 sent to the Bucharest Stock Exchange. Company revenues amounted to 2.722 bln lei, 8.76 pct lower from 2015. Electricity transmission […]
Romania’s Constitutional Court (CCR) cleared the main candidacies for president of Romania, including that of far-right politician and leader of the Alliance for the Union of Romanians (AUR) George Simion. Former Social Democratic Party (PSD) prime minister Victor Ponta, now an independent, Bucharest mayor Nicusor Dan, also an independent, and the ruling coalition candidate Crin […]
The White Symphony Orchestra, Romania's only all-female orchestra, will perform at Sala Palatului in Bucharest on April 29 to mark the 200th anniversary of Johann Strauss II's birth. Under the baton of the talented conductor Donna Bianca and concertmaster Monica Calofir, the orchestra will enchant the audience with some of the most beloved waltzes, polkas, […]
Romania’s tax agency ANAF announced on Monday, March 17, that it uncovered tax evasion exceeding RON 2.41 million in the ride-sharing sector following an anti-fraud inspection at a company based in Ilfov county. The firm, which operates transport services through Uber and Bolt, generated revenues of RON 5.23 million between January 2023 and June...
Tensions are reportedly rising between the two founders of Romanian far-right party AUR (the second-largest in parliament and reportedly the largest one in the recent polls), George Simion and Claudiu Tarziu – who claims that his authoritarian colleague is pressing him to resign. MEP Tarziu currently serves as the head of the AUR leading body […]
"There is no question of a nuclear dome over Romania," presidential adviser and former foreign minister Cristian Diaconescu said, commenting on the scenarios circulated about France using its nuclear umbrella to protect a larger part of the continent against the Russian threat, according to
The average net wage in Romania rose 9.7% y/y to RON 5,328 (EUR 1,070) in January, marking the slowest annual real growth rate (+4.7% y/y) since May 2023. Wages are expected to lose momentum through 2025, after the 4.4% and 7.7% advance, in real terms, during 2023 and 2024. The government’s forecasting body expects a […]
