Romania’s state-owned freight railway company, CFR Marfă, is set to be liquidated following the completion of its pre-insolvency arrangement next March, according to Ziarul Financiar, which cites officials from the Ministry of Transport.
CFR Marfă, which generated revenues of RON 778 mln (EUR 157 mln) in 2023 but is burdened by debts...
Romania's sole flat steel producer and among the few still operational in Europe, Liberty Galati (part of GFG Alliance's Liberty Steel Group), announced it resumed activity on June 4 after idling for an entire year amid adverse market conditions. Over the past year and a half, the company received EUR 292 million in government-guaranteed loans from […]
Major global shipping operator Mediterranean Shipping Company (MSC) Group has notified the Romanian government that it wants to take over the management of the Damen Mangalia shipyard, which has been under insolvency for the past year, according to Europa Libera Romania. The company reportedly paid in advance for...
French infrastructure giant Vinci is reportedly interested in acquiring EnergoBit, one of Romania’s leading energy equipment and services companies, Ziarul Financiar reported on June 5. EnergoBit, based in Cluj-Napoca, is currently fully owned by its founders - Ștefan Gadola, Peter Pal,...
The experts of the four parties supposed to form a new ruling majority and a government in Romania by June 15 have agreed on a short list of measures aimed at securing fiscal consolidation in line with the European Commission's requirements and investors' expectations - but deferred the final decision for June 9 when all […]
Traffic resumed on the Transalpina (DN 67C) between Rânca and Curpăt on Friday morning, June 6, authorities announced. The reopened segment stretches from kilometer 34+800 to kilometer 79+200, offering drivers access once again to one of Romania’s most scenic mountain roads. However, according to
Baroque and romantic operas, contemporary works, and film music are part of this year's edition of the Athenaeum Summer Festival, set to take place between June 14 and 25. The program includes two concerts on the Athenaeum Esplanade, with free admission, and three performances at the Athenaeum's Great Hall, featuring the George Enescu Philharmonic Choir […]
