Electroputere VFU – Reloc Craiova, part of Grampet Group, and Astra Vagoane Calatori SA Arad, are part of a consortium that is taking part in the tender organized by the Budapest City Hall for the modernization of subway cars, a press release informs. The maximum value of the modernization works stands at approximately EUR 205 [...]
Interim president Ilie Bolojan said that Romania will not send troops to Ukraine but will attend the March 11 defense summit in Paris, announced by the French leader Emmanuel Macron. He also stressed that the country remains a logistics hub, facilitating Ukraine's exports and troop movement if necessary. "After today's decision, as you mentioned, there […]
ING Bank Romania has appointed Raluca Țintoiu as the new Head of Wholesale Banking and a member of the Executive Committee. Effective March 17, 2025, Țintoiu will oversee the division dedicated to serving large corporations, multinational businesses, and financial institutions with annual turnovers exceeding EUR 100 million. With over two decades of experience in banking, […]
Far-right politician Călin Georgescu is still the frontrunner in Romania’s May presidential elections, according to the latest poll carried out by Verified for the consultants of the ruling coalition’s presidential candidate, Crin Antonescu. Thus, if the 2025 presidential elections were to take place next Sunday, most of those polled would vote for Călin Georgescu (41.1%), […]
The Romanian government approved on March 6 an Emergency Ordinance allocating an additional RON 1.19 billion (EUR 240 million) for the completion of projects to expand, modernize, and convert natural gas transmission and distribution networks. This measure will allow over 44,000 households across the country to have access to natural gas, thus reducing dependence on […]
Romania's hotel market is experiencing a period of accelerated growth, reaching a record of more than 25 million overnight stays in 2024, the highest level in more than 30 years, driven by a rising number of foreign tourists and strong demand for modern hotels, according to Colliers' annual report. Romania's international visibility is increasing, and […]
In an economic update report, ING Romania said it expects 1.6% economic growth this year under the baseline scenario, however noting that "geopolitical risks cloud the outlook." "With the May elections approaching, the evolving political landscape may influence the country's direction. The decisions made in the coming months will be pivotal, steering Romania's trajectory for […]
