(AFP)BUCHAREST — The European Union and Romania laid Friday the cornerstone of a research hub due to host the world's most powerful laser."The project is of particular importance not only for Romania and also for Europe as a whole.," European commissioner for regional policy Johannes Hahn told a press conference alongside Romania's Prime Minister Victor Ponta."Its cutting-edge technology will be used
President Nicuşor Dan, on December 4, returned to Parliament amendments tightening Romania’s law against extremism, arguing that several provisions are vague and risk enabling abuses, according to a statement released by the Presidency. The Constitutional Court had previously upheld the amendments after the Presidency challenged them, prompting criticism from organisations within the Jewish community. By […]
Fitch Ratings on December 4 affirmed the long-term Issuer Default Rating (IDR) for Romania's largest lender, Banca Transilvania (BVB: TlV), at BBB- with a negative outlook, in line with the country's sovereign rating. The price of the bank's shares rose 1.2% on the day the rating agency announced its decision, bringing the bank's market capitalisation […]
The Romanian authorities will only supervise the operations at Lukoil’s Petrotel refinery and not be involved in its management until a new owner is found, according to an emergency ordinance approved by the government in Bucharest this week, as reported by Hotnews.ro. Russian group Lukoil is seeking buyers for its...
The ‘5 to go’ coffee shop chain announced the signing of a partnership with the national gas station network RO concept OSCAR, owned by businessman Alin Niculae, according to Economica.net. The gas station network has reached 120 strategically distributed stations nationwide, of which more than 90 are franchised under the RO concept...
Romania's Port of Constanţa rose to 10th place among European seaports by cargo volume in 2024, despite handling just over 50 million tonnes, a 14% decline from the 67 million tonnes processed in 2023, Ziarul Financiar reported, citing Eurostat data. Eurostat figures showed that Romania ranked 13th in 2023, with the latest shift driven by […]
In 2025, the seasonal home & deco category is shifting from “occasional ornament” to a carefully considered investment in home comfort. Consumers look not only for beautiful objects but for coherent design concepts that are versatile, easy to integrate into their homes and simple to mix from one year to the next. In this context, […]
