Reuters: Russia considers escalating Ukraine war with strikes on NATO bases in Baltics, RomaniaRussian president Vladimir Putin is reportedly looking to escalate the war in Ukraine with possible strikes on NATO bases in Romania or the Baltic states, according to a Russian source cited by Reuters. Despite the ongoing fuel shortages caused by Ukrainian drone deep strikes on refineries, (…)
April wages in Romania: Bucharest leads, but Sibiu posts fastest annual growthRomania's capital remained the country's highest-paying county in April, while Sibiu recorded the strongest annual increase in average net wages, according to National Institute of Statistics (INS) data compiled by Ziarul Financiar. Sibiu was the only county to post double-digit annual wage (…)
Romania's president reportedly explores option of government of technocrats againRomania’s president Nicu?or Dan will propose to parliamentary parties a “truce government “ either formed by technocrats or a mixed one, meaning “a political government with technocrats as ministers,” according to Antena3 CNN, citing sources familiar with the negotiations on July 10, as reported (…)
Romanian fast-food chain Fryday plans EUR 25 mln investment through 2027Romanian fast-food chain Fryday plans to invest around EUR 25 million in 10 new restaurants during 2026 and 2027, following the opening of its first outlet in the Republic of Moldova, according to Economica.net. Founded by Suceava-based entrepreneur Lucian Florea, the company aims to expand its (…)
Romania's Farmec plans to start construction of EUR 70 mln cosmetics factory in 2027Romanian cosmetics manufacturer Farmec plans to begin construction of a new EUR 70 million production facility in Apahida, near Cluj-Napoca, in 2027, after securing a key urban planning approval for the project, according to Ziarul Financiar. "The zonal urban plan (PUZ) for this project (…)
S&P Global highlights Romania's 1 GW solar project as signalling Eastern European renewables boomRomania's planned Dama solar park, with more than 1 GW of installed capacity, illustrates the growing scale of renewable energy investment in Central and Eastern Europe, according to comments published by S&P Global Commodity Insights. Jaroslava Korpanec, Partner and Head of Central and (…)
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