President Klaus Iohannis will participate November 10 – 11 in Paris in a series of events dedicated to the Centenary of the Armistice that ended World War I, the Presidential Administration informed. The head of state will be present, alongside the leaders of the WWI warring countries as well as of the countries that supported the war effort, at the Arc de Triomphe, where the ceremony for the commemoration of the 100th anniversary of the armistice will take place. President Klaus Iohannis will also take part in the opening of the Paris Peace Forum, an initiative by French President Emmanuel Macron, which aims to generate concrete projects in the spirit of multilateralism and contemporary cooperation, in support of peace. On the occasion of the visit to Paris, the head of the Romanian state will meet Romanian students, master’s and doctoral students from the Paris region involved in scientific research, in an event organized at the Embassy of Romania in Paris, dedicated to the Romanian contribution to the development of science and technology in the year of the Greater Union Centennial. President Iohannis participates in the events dedicated to the Armistice Centenary at the invitation of his French counterpart Emmanuel Macron.
BCR achieved a net profit of RON 1,473 million (EUR 294 million) in H1 2025, up by 12.0% against RON 1,314 million (EUR 264 million) in H1 2024, driven by improved operating result underpinned by advance in customer business. The operating result improved by 11.9% to RON 2,084 million (EUR 417 million) in H1 2025, […]
Prices for an array of goods and services will rise in August after the Romanian government increased VAT and excise duties. Train tickets, communications, retail goods, and health contributions for previously exempted categories are set to take effect. To tackle an out-of-control deficit, the government decided to increase the standard VAT rate from 19% to […]
US Secretary of State Marco Rubio, on July 31, had a conversation with Romanian Foreign Minister Oana Țoiu about the most important aspects of bilateral relations. In a post on X, Țoiu said her visit to the US, planned for September, would prepare President Nicușor Dan's official visit to Washington early next year. I had […]
Romanian technology group Visual Fan, best known for its consumer electronics brand Allview, announced that it has signed a partnership with Trina Storage, the energy storage division of the Chinese company Trina Solar, for the development of a battery energy storage system in Topliţa, with a capacity of 65 MWh. This is the first project […]
Romanian energy group OMV Petrom (BVB: SNP) announced its sales revenues dropped by 7% y/y in Q2, resulting in a 1% y/y contraction to RON 17.0 billion (EUR 3.4 billion) in the whole H1, while its net profit plunged by 17% y/y in Q2 and 21% y/y to RON 2.1 billion in H1, according to […]
The volume of building permits for retail spaces in Romania, measured in square meters, surged by 53% y/y to 303 thousand square meters in H1, according to data published by the statistics office INS. The number of projects rose by 42% y/y to 261. The residential construction segment, driven by the individual (as opposed to collective) […]
