The Romanian government will contribute up to EUR 50 million to subsidize the interest owed by Ukraine for the repayment of the EUR 18 billion loan from the EU approved for Kyiv by the Council and the European Parliament in December of last year.
The EU borrows the money it lends to Ukraine from the international capital markets, and the loan has accrued interest in the year that has passed since. The EUR 18 billion loan made short-term financial assistance available to Ukraine.
"Given...
The Romanian-American University announces the signing of a strategic academic partnership with the University of Hyogo, Japan, for the development of the International Business and Entrepreneurship master’s program, which thus becomes the first Japan-Romania double degree program in the field of business and entrepreneurship in Romania. Through this partnership, students will have the opportunity to […]
The European Commission (EC) announced on Thursday, May 14, that it issued a positive preliminary assessment of Romania’s fourth payment request for EUR 2.62 billion under the Recovery and Resilience Facility, the centrepiece of NextGenerationEU. The funds are tied to reforms and investments targeting transport decarbonization, digitalization, healthcare, tax reform,...
Leasing transactions for modern office space in Bucharest increased by 14% in the first quarter of 2026 compared to the same period last year, while new demand rose by 24%. Even so, the market remains below pre-pandemic levels, according to Colliers data. Total new demand reached approximately 24,000 square meters in the first three months […]
Romania ranks 14th out of 40 countries for income inequality, with the wealthiest fifth earning 5.73 times more than the poorest fifth, according to the “Unequal Chances – Children and Economic Inequality” report released by UNICEF on Tuesday, May 12. Among the countries with comparable data included in the report, Romania ranks 10th in child poverty, […]
New Romanian film distribution company Good Time Films announced its official launch with the acquisition of two international arthouse productions, including a title selected for the main competition at the 2026 Cannes Film Festival. The company said it will bring both films to Romanian cinemas later this year. The first title is Parallel Tales, written […]
Famed American actress Nicole Kidman stars in a new video promoting “Danaïde,” Constantin Brancusi’ golden portrait of his muse dated from 1913. In the video produced by prestigious auction house Christie’s, set to David Bowie’s song “Golden Years,” Kidman, herself a lover and supporter of the arts, approaches the work in Christie’s Rockefeller Center galleries, […]
