Political and fiscal normalization in Romania delayed by president's resistance to VAT rate hike

Romania's efforts to stabilize its fiscal position and finalize a new ruling coalition have been delayed after president Nicușor Dan rejected a proposed VAT rate increase central to a budgetary corrective package agreed by the four pro-Western parties, …

Grampet Group presents DMU train entirely made in Romania

Electroputere VFU Pașcani, part of the group of private railway companies Grampet, presented on June 19 the diesel multiple unit (DMU) named Leon. The train, designed and made by Electroputere VFU Paşcani, is the first DMU entirely made in Romania in the …

Western Romania: 2,000-year-old Sarmatian necropolis discovered in Timișoara

A Sarmatian necropolis nearly 2,000 years old was discovered after archaeological excavations were carried out at the Mehala II site in the municipality of Timișoara, in western Romania. Researchers discovered 15 inhumation graves, most arranged in …

George Enescu Philharmonic Orchestra concert marks Romania Day at Osaka World Expo

The George Enescu Philharmonic Orchestra will deliver on June 26 a concert marking Romania Day at the Osaka World Expo. Additionally, the Bucharest-based orchestra will present a series of other concerts and recitals, both within the Romanian Pavilion and …

Mountain biking trails on Romania’s Postăvarul Massif open ahead of time

The mountain biking trails on the Postăvarul Massif, in central Romania, will open earlier than initially estimated. First visitors can already use the trails this weekend. The opening comes after several weeks of intense work to remove dozens of fallen …

Romania’s construction output down 0.5% y/y in April after buoyant Q1

The construction works volume in Romania decreased by 0.5% y/y in gross terms and by 2.8% in workday and seasonal adjusted terms in April, after it boasted a robust 10.6% y/y advance in Q1 (largely on low base effects), according to data published …

Romania’s Timișoara announces plans for two new bridges over Bega River

The mayor of Timișoara, Dominic Fritz, announced on Friday, June 20, that two new bridges over the Bega River will be built in the city. The bridges will be financed with EU-backed funds worth over RON 130 million. The bridges in question are the Solventul …

Possible bronze-age sword found in eastern Romania during house search

A sword that may date back to the Bronze Age, roughly 3,500 years ago, was found following searches carried out in a case of aggravated theft, in the commune of Corbasca, Bacău County. The searches targeted the home of a 61-year-old man suspected of …

Romania's TAROM sells fuel company, wet-leases A320

TAROM (RO, Bucharest Henri Coanda) has sold its 50% stake in Romanian Fuelling Services S.R.L to Air bp. The sale was conducted in line with TAROM's restructuring strategy that stipulates divestment from the carrier's non-core businesses. The …

Urgent: Ilie Bolojan appointed PM in Romania