Real estate developer One United Properties (BVB: ONE) announced on January 18 in a note to investors that the Bucharest Tribunal has completely rejected the summons filed by the Municipality of Bucharest and the general mayor regarding the cancellation and suspension of the building permit related to the One Lake Club development. The decision is…

Traffic recorded at all airports in Romania last year reached 24.5 million passengers, a new record and 6% more than in 2019 – the pre-pandemic peak year, according to data from the Association of Romanian Airports quoted by Economica.net. Compared to 2022, the increase is 17%. The highest traffic was registered at the Otopeni airport…

Lockheed Martin, a global security and aerospace company, and Aerostar SA Bacău inaugurated the first certified maintenance, repair and overhaul (MRO) service centre for the S-70 Black Hawk helicopter in Europe. The two companies already perform similar activities for Romania’s F-16 fighter jet fleet. With Lockheed Martin as a partner, Aerostar is in a strong…

The Romanian Ministry of Energy will launch in March two projects in the field of green energy, worth over EUR 800 mln, with financing from the Modernization Fund. The two applicant guides will be released for public consultation. “In March, we will launch these two calls, with support (grants) of over EUR 800 million: support…

Medical staff in public hospitals demonstrated on January 18 in front of the Ministry of Finance in Bucharest for a 20% wage hike, accusing precarious incomes.  A working group was formed at the level of the Government, made up of representatives of the medical staff’s association Sanitas, of the Ministries of Finance, Labour and Health,…

Romanian pilots have started their training at the European F-16 Training Center in Fetești, defence minister Angel Tîlvăr announced.  An aircraft of the Royal Netherlands Air Force was used for the first training flight of a Romanian pilot, carried out on January 15 with an instructor from Lockheed Martin.  “Currently, seven Romanian pilots are undergoing…

Over two thirds of people in Romania believe that 2024 will be better than 2023, representing a slight increase year-over-year, according to a new poll by Ipsos. According to the same source, optimism has risen in Europe, especially in Sweden, Poland, Spain, and the United Kingdom, reflecting signs of economic revival. The poll surveys people’s…

The Romanian National Opera in Iaşi, eastern Romania, will move to a new venue set to be built on a 9,500 sqm plot of land, culture minister Raluca Turcan announced. According to the official, the government proposed the transfer of a land area of 9,510 sqm to the National Opera of Iași, on which the…

Local developer Transilvania Construcții said it completed the construction of a new logistics park, TRC Park Bacău, following an investment of over EUR 15 million.  Located in the southern part of Bacău, in eastern Romania, the new 25,000 sqm logistics park represents 10% of the company’s entire park network. Transilvania Construcții currently owns a portfolio…

German multinational Bosch said it will establish a new legal entity, a new company named Bosch Global Business Services, in Timisoara, western Romania, where it will transfer approximately 1,400 employees from Bosch Service Solutions SRL. “Bosch is expanding by establishing a new legal entity in Timisoara, Bosch Global Business Services SRL, a decision that will…