Prosecutors with the General Prosecutor's Office have indicted Club Colectiv Ltd, the company managing the Colectiv Club, and Golden Ideas Fireworks Artists Ltd., in charge of pyrotechnic effects, for manslaughter and involuntary bodily injury with multiple victims. Daniela Nita, manager and majority shareholder of Golden Ideas Fireworks Artists Ltd., was called on Wednesday to the headquarters of the Prosecutor General's Office, where prosecutors announced her that was indicted also for the said offences, regarding all victims. The extension of the indictment has been decided also for Viorel Zaharia, a pyrotechnics employee at Golden Ideas Artists Fireworks Ltd., for manslaughter, regarding the victims deceased after November 2, 2015. According to a press release of the Prosecutor General's Office, in the same case, prosecutors have changed the legal classification for the owners of the Colectiv club - Paul Gancea, George Anastasescu and Costin Mincu - from the offense of involuntary bodily injury to the offense of manslaughter, following the deaths after November 2, 2015. Moreover, the defendants were informed about the objectives of the technical and scientific forensic analyses in the case and about the fact that a lien had been placed on their assets, as in the case of Club Colectiv Ltd. and Golden Ideas Fireworks Artists Ltd. Prosecutors have established that the fire at the Colectiv Club occurred due to the fact that the people managing that space encouraged and allowed the access of a number of people much above the admissible limit of the club, with the space not being fitted with several emergency exits, and conducting a fireworks show in the club with interior decoration unfit for such activities, characterized by the existence of easily inflammable materials that were fitted with violating legal provisions, which resulted in the death and injury of several people in the club.The death toll so far following the Colectiv club fire amounts to 60 people.
The ECOTECA Association, in partnership with the Ministry of Environment, Waters and Forests, is organizing the conference “Return & Recycle Insights – 2 Years of DRS in Romania”, which will take place on 26 November 2025, between 09:00 – 13:00, at the Bucharest University of Economic Studies (ASE). The event will bring together representatives […]
Nine years after opening its doors, Veranda Mall enters its most exciting chapter yet. What began as a project to breathe new life into the Obor neighborhood has evolved into one of Bucharest’s most beloved destinations for shopping, leisure, and connection. As it marks this anniversary, Veranda unveils a winter events lineup rich in culture, […]
Purcari Wineries (BVB: WINE), CEE’s leading wine producer, announced its financial results for the first nine months of 2025 on Friday, November 14. The company saw a decline of 1.46% in pretax EBITDA earnings from the similar period last year. Specifically, earnings decreased to RON 84.66 million from RON 85.92 million last year. Meanwhile, group […]
With a solid 35-year uninterrupted presence on the Romanian market, Darian—one of the longest-standing consultancy groups with fully Romanian capital—reaffirms its role as a strategic partner for the business environment. Darian marks this anniversary not through grand promises, but by strengthening its core working philosophy: acting as a “co-pilot” for complex decision-making. The company emphasizes […]
The National Bank of Romania (BNR) revised its inflation forecast upward, from 8.8% to 9.6%, for the end of 2025. The institution anticipates that inflation will reach 3.7% at the end of 2026, compared to 3% in the previous forecast, according to data presented on Friday, November 14, by governor Mugur Isărescu. Compared to the […]
The state-owned company Transelectrica (BVB: TEL), the operator of the Romanian national energy system, recorded a net profit of RON 183 million in the first nine months of the year, down 56% compared to the same period last year. Operating revenues fell by 2%, to RON 1.716 billion, mainly due to the decrease in revenues […]
