Argedava Novaci Agricultural Cooperative, which cultivates a total of 800 hectares of land in several counties around Bucharest, plans to invest EUR 8 million in an onion storage and conditioning facility to capitalize on the price differential between the period of overproduction and spring – when Romania imports onion heavily from the Netherlands mainly.
"Romania currently produces between 30 and 40% of its consumption. The biggest problem is that we do not have conditioning and storage...
The French Institute in Romania will launch this fall the Film Therapy Film Club, a program covering a series of film screenings followed by discussions led by experts and therapists that will touch on topics such as mental health, social issues, and the challenges that teenagers and young people encounter. The idea for the program […]
BCR achieved a net profit of RON 1,473 million (EUR 294 million) in H1 2025, up by 12.0% against RON 1,314 million (EUR 264 million) in H1 2024, driven by improved operating result underpinned by advance in customer business. The operating result improved by 11.9% to RON 2,084 million (EUR 417 million) in H1 2025, […]
Prices for an array of goods and services will rise in August after the Romanian government increased VAT and excise duties. Train tickets, communications, retail goods, and health contributions for previously exempted categories are set to take effect. To tackle an out-of-control deficit, the government decided to increase the standard VAT rate from 19% to […]
US Secretary of State Marco Rubio, on July 31, had a conversation with Romanian Foreign Minister Oana Țoiu about the most important aspects of bilateral relations. In a post on X, Țoiu said her visit to the US, planned for September, would prepare President Nicușor Dan's official visit to Washington early next year. I had […]
Romanian technology group Visual Fan, best known for its consumer electronics brand Allview, announced that it has signed a partnership with Trina Storage, the energy storage division of the Chinese company Trina Solar, for the development of a battery energy storage system in Topliţa, with a capacity of 65 MWh. This is the first project […]
Romanian energy group OMV Petrom (BVB: SNP) announced its sales revenues dropped by 7% y/y in Q2, resulting in a 1% y/y contraction to RON 17.0 billion (EUR 3.4 billion) in the whole H1, while its net profit plunged by 17% y/y in Q2 and 21% y/y to RON 2.1 billion in H1, according to […]
