Mr. David Monachello, Managing Director and Country Manager of Winstar SRL Satu Mare, responded with great kindness to the Nine O’Clock daily questions about what happens in areas licensed by Serinus Energy Inc. in Romania, specifically in Satu Mare county. Satu Mare is a 765,000 acre exploration block, located in northwest Romania which is 60% [...]
Romania's data protection authority has fined far-right populist Călin Georgescu over RON 50,000 for violating both national and EU privacy regulations through his personal website. The investigation, concluded in June 2025 by the National Supervisory Authority for Personal Data Processing (ANSPDCP), found that the former presidential hopeful unlawfully collected user data without proper consent or […]
Romanian defense minister Ionuț Moșteanu announced on Wednesday, July 16, that the government is planning to expand the voluntary military service. The measure is being taken given that the current reservists have aged. During an interview, the minister explained that according to the draft law currently under interministerial review, individuals who wish to take an active […]
Romania's Social Democratic Party (PSD) is pushing for stricter tax regulations targeting multinational companies and a new turnover tax as part of ongoing fiscal reform negotiations within the ruling coalition. Interim party president Sorin Grindeanu warned that the PSD could exit the coalition if its key proposals are not accepted, although he described the alliance […]
Amazon Development Center, the Romanian branch of US tech giant Amazon, is preparing to lay off over 500 employees from its Iași-based retail business services division, Romanian media reported on July 16, citing internal company sources. The Iași centre, established in 2005, handles both IT research and development and business services across several domains, including […]
The Investment and Development Bank (Banca de Investiții și Dezvoltare - IDB), a development bank founded by the Romanian government in 2023, will manage the Regional Participation Fund for financing SMEs worth EUR 233.35 million, according to Cursdeguvernare.ro. The...
Private equity fund ROCA Investments announced the sale of its entire 20% stake in Artesana dairy to Booster Capital, another investment fund, five years after the initial investment. The dairy producer reported a 4-fold increase in production capacity over the five years, and it tripled its turnover over the period to EUR 11 million in […]
