Romanian director Florin ?erban's ‘You Don't Belong Here' wins top prize at Locarno Film FestivalRomanian director Florin ?erban’s You Don’t Belong Here (Nu e locul t?u aici) won the Pardo d’Oro, or Golden Leopard, at the 79th Locarno Film Festival. The award marks ?erban’s return to feature filmmaking after an eight-year absence. The father-son drama impressed the jury of the festival’s (…)
Romania shoots down fourth Russian drone on national territoryA drone entered the national airspace on the morning of August 16 from the Republic of Moldova, approximately 24 km north of Galati, the Ministry of Defence (MApN) announced, adding that the drone was shot down. Republic of Moldova confirmed that the drone was of type Shahed 138 (Geran 2) and it (…)
Romanians buy more state bonds, particularly denominated in euros, in JulyThe Ministry of Finance raised about RON 1.31 billion through the Fidelis bond issue carried out between August 7 and 14, double the RON 659 million raised in July, preliminary subscription data showed. Some RON 423.5 million were subscribed for the lei tranches, compared to RON 202.6 million (…)
Romania's Romgaz posts 3.4% stronger net profit in H1 on tax, regulatory effectsRomanian natural gas producer Romgaz (BVB: SNG) reported its net profit rose 4.7% y/y to RON 762.7 million (EUR 145 million) in Q2, while turnover fell 6.6% to RON 1.75 billion. Gross profit decreased by 8.3% to RON 796.6 million, while EBITDA fell 13.5% y/y to RON 864.6 million. The decline in (…)
Romania's current account deficit up 1.5% y/y to EUR 30.5 mln in 12 months to JuneRomania’s current account (CA) deficit has more than doubled to EUR 2.96 billion in June on higher imports and dividend outflows, bringing the rolling 12-month deficit to EUR 30.5 billion – 1.5% more compared to the previous 12-month period, according to data published by the National Bank of (…)