The Romania Journal - Daily News in English from Romania - Daily news in English from Romania

The Edelstein Group, a real estate developer, announced the launch of the Diamond real estate project in Cluj-Napoca. Strategically located in an area that promises to become a hub of interest, the complex will offer 69 premium apartments,…

CITR, as the judicial liquidator of Hotel Coroana de Aur SRL, sold the hotel for 3.48 million euros + VAT, a representative building for Bistrița, with a history of almost 50 years. "Although we are still operating in a context full of…

UniCredit Bank Romania has successfully completed a project finance transaction, offering a total financing of 39.3 million euros to Comcris Energy SRL, a subsidiary of Enery, a Vienna-based renewable generation company. The financing…

In insurance litigation, time is money. Having the right legal counsel can mean the difference between costly battles that drain your bank account and efficient resolutions that ease financial pressure. Working with an experienced insurance…

The Brasov division of the International Organization for Migration (IOM), a key entity within the United Nations system that fights for fair and orderly migration, recently inaugurated a photo exhibition entitled "Migrant Portrait"…

The Association for Privately Administered Pensions in Romania (APAPR) announces record figures for Pillar II of pensions at last year's level. The yield reached almost 18%, the best performance in the entire history of the system. The…

The Board of Directors of the TAROM Company decided at the end of last week to appoint Costin Iordache as interim general manager of the company. Iordache also had a mandate as general director between January and October 2023.…

The Bucharest Court of Appeal has annulled the decision to seize the goods and properties of Andrew Tate, one of his lawyers announced on Monday in a press release and quoted by Reuters. Romanian prosecutors have identified and seized…

After initially considering increasing the quota of foreign workers to 140,000, the government reconsidered its position and earlier this year approved a new quota of only 100,000 workers from outside the European space, an insufficient…

As we enter 2024, economic dynamics are shaping fresh trends in the forex market, presenting traders with a mix of opportunities and challenges. In an effort to assist Romanian import-export companies streamline their budget forecasting,…