PNL should have backed Nicusor Dan in Bucharest, party heading toward certain disaster   Lower Chamber and National Liberal Party (PNL) member Theodor Paleologu is becoming once again one of the voices critical of the party’s leadership and says that the Liberals should have backed Save Bucharest Union (USB) candidate Nicusor Dan in the race […]
The Northern Lights were visible in Romania on the night of Friday, May 10, to Saturday, May 11, due to a powerful geomagnetic storm. Last week's episode was one of the most intense and widespread episodes of the Northern Lights ever recorded at Romania's latitudes. Residents from several counties in the country took photographs capturing the phenomenon and how […]
Romania's prime minister, Marcel Ciolacu, said in the evening of May 12, speaking for Antena 3, that the minister of defense Angel Tîlvăr expressed in a discussion "serious reservations" about the possibility of Romania giving a Patriot defense system to Ukraine. "But the decision is taken together with the president in the country's supreme defence […]
Banca Transilvania, the financial group that includes the largest bank in Romania by assets, announced its consolidated net profit increased by 35% y/y to RON 1.13 billion (EUR 226 million) in Q1. The bank's net profit was RON 913 million, marking the same 35% annual advance. The group's assets reached approximately RON 176 billion, while […]
Chimcomplex (BVB: CRC) announced it completed a EUR 2.4 million (eligible value) project aimed at implementing innovative green technology to produce new environmentally friendly polyols on April 30. The project was implemented at the industrial platform at Ramnicu Valcea (formerly Oltchim platform), and it was co-financed through the “Business Development, Innovation, and SMEs” program, with […]
The Czech agri-food group Agrofert, controlled by former prime minister Andrej Babis, received the European Commission's approval to take over the Romanian grain and oilseeds trader East Grain. The transaction relates primarily to a 65% stake in the Romanian company, taken over through a capital increase, Ziarul...
Mexican bakery group Bimbo informed its shareholders that a year after it took over Romania’s leading player Vel Pitar for EUR 200 million, it expanded with another deal that includes Trei Brutari and three franchisees owned by local entrepreneur Andrei Siminel,
