Romania's fiscal consolidation efforts cut the growth stimuli exactly at a time when the growth model in Central and Eastern Europe (CEE) turns to one driven by internal factors, which will result in the country displaying one of the lowest growth rates in the region, according to UniCredit Bank economist Anca Negrescu. Romania's economy will increase by only 1% this year and 1.8% in 2026, according to the latest macroeconomic report of the UniCredit Group Investment Institute.
The...
Hidroelectrica, the largest energy provider in Romania, announced on Thursday, June 26, that it had awarded the tender for a floating photovoltaic panel system within the “Nufărul Pilot Project.” The public procurement was initiated through an open tender, with an estimated value of RON 47.2 million (EUR 9.5 million) excluding VAT. Two economic operators submitted […]
Bucharest is set to bring back its tourist bus service, following a decision by the city’s General Council on Wednesday, June 25, to establish a dedicated public transport line called “Bucharest City Tour,” Agerpres...
Romania has made limited progress in enhancing its framework against money laundering, terrorist financing, and proliferation financing, according to a recent report from the Council of Europe’s committee of experts on the evaluation of anti-money laundering measures and the financing of terrorism, or Moneyval. The committee noted that the country has taken several steps to […]
Romanian technology company AROBS Transilvania Software (BVB: AROBS) announced the expansion of its presence in the US market through the strategic acquisition of a majority stake in technology consulting firm Codingscape. Announced on Thursday, June 26, the deal involves AROBS acquiring 70% ownership of Codingscape, a company known for its expertise in technology consulting, custom […]
Local officials in Iași, eastern Romania, announced on Wednesday, June 26, the completion of a EUR 60 million tender for the construction of a new tram and bus depot. According to the mayor, the facility will be built to be energy independent. Iași mayor Mihai Chirica noted that there were three bids and that the […]
Bucharest's General Council (CGMB) approved on Wednesday, June 25, the partnership agreement for the development of subway line M7, a major public infrastructure project aimed at connecting Bragadiru to Voluntari. The agreement brings together Bucharest’s District 5 and District 2 City Halls, the Ministry of Transport and Infrastructure, the subway operator Metrorex, and the Ilfov […]
