Feb 17, 2019

The Astra Vagoane Calatori Arad tram factory in Romania, owned by local entrepreneur Valer Blidar, will deliver 62 Imperio and Authentic trams to four major cities in Romania (Oradea, Arad, Cluj-Napoca, and Galati) after it won auctions organized by local authorities. In some cases, Astra was the only bidder, local Agerpres reported. Two municipalities have...

Feb 16, 2019

Romanians rallied on Friday in several cities to show support for former anti-graft prosecutor Laura Codruta Kovesi, whose bid to head the EU Prosecution Office is opposed by her own government, according to Balkan Insight. Romanians gathered on Friday in front of the prosecutor’s office in Bucharest to show support for Laura Codruta Kovesi, the...

Feb 14, 2019

A part of the roof of the Neptune Baths, a historical building in the mineral spring resort of Băile Herculane, collapsed, endangering even more the structure of the construction. With a part of the roof, a wall of the Neptune Baths also collapsed, according to TransylvaniaToday.ro. A team of architects that has been working to kick off the preservation and...

Feb 14, 2019

The central Romania city of Cluj-Napoca might host an ATP men’s tennis tournament starting 2020, local sports publication ProSport has learned. Cluj-Napoca mayor Emil Boc and Romanian billionaire Ion Tiriac, a former tennis player and the owner of several tournaments in the professional tennis circuit, have already had talks on this subject, according to...

Feb 14, 2019

Transylvanian Machine Learning Summer School (TMLSS) will tale place in July this year, in Cluj-Napoca. The summer school project was born in Eastern Europe in order to educate young people that are deprived of the right environment to learn and to reach their potential, according to Business-Review.eu. The school is focused on Machine Learning and Artificial...

Feb 14, 2019

Morphosis Capital, a newly-established Romanian private equity firm, announced on Tuesday, February 12, that Banca Transilvania will back its first investment fund, MC Fund I (MCFI), in a move aimed at financing Romanian small and medium-sized enterprises (SME), according to Romania-Insider.com. MCFI was launched in 2018, with the European Investment Fund (EIF)...

Feb 13, 2019

Two major international development banks, the European Bank for Reconstruction and Development and the International Finance Corporation, have formally complained to the Romanian government about proposed new banking sector taxes, according to Reuters. In an unusual move, the London-based EBRD and IFC, which is part of the World Bank, sent a joint letter to...

Feb 13, 2019

Romanian bank stocks resumed a fall on Monday as central bank (NBR) governor Mugur Isarescu clashed with the government over the draft 2019 budget which includes a new tax on banks, according to Nasdaq.com. The plan, which also increased taxes on energy firms to compensate for rising state spending, was first announced two months ago and caused a plunge in...