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Alser Forest listed bonds worth €1.5mln on the Bucharest Stock Exchange

Alser Forest, a company operating in the forestry sector listed its bonds worth EUR 1.5mn on the Bucharest Stock Exchange (BVB). The company carried out...

Romanian banks extend 32% more loans in Jan-Apr

The Romanian Association of Banks said that the volume of new loans granted by the Romanian banks in January-April increased to RON 34 bln...

EBRD raises Romania’s 2021 economic growth forecast to 6%

European Bank for Reconstruction and Development (EBRD) said on Tuesday that Romania's gross domestic product (GDP) will increase by 6% in 2021, improving its...

G20 foreign ministers meet face-to-face to discuss post-COVID recovery

Foreign Ministers from the Group of 20 major economies (G20) met face-to-face on Tuesday for the first time in two years, with host Italy...

Bucharest Stock Exchange pushes to new high even as European markets decline

The Bucharest Stock Exchange’s blue-chip index BET broke the threshold of 12,000 points on Monday and reached a new all-time high, according to Romania-Insider. It...

OMV Petrom to invest EUR 70 mln at Petrobrazi Refinery in Romania

The largest energy company in South-Eastern Europe, OMV Petrom announced it will invest approximately EUR 70mln to replace the coke drums that are essential...

EU countries approve landmark climate change law

European Union (EU) countries on Monday gave the final seal of approval to a law to make the bloc's greenhouse gas emissions targets legally...

Ukraine, U.S. to start Black Sea military drills despite Russian protest

Ukraine and the United States will start a military exercise on Monday involving more than 30 countries in the Black Sea and southern Ukraine,...

Germany launches bid to ban all British travellers from EU

Germany will attempt to ban British travellers from the European Union regardless of whether or not they have had a COVID-19 vaccine, The Times reported...

EU tourism down by 61% during the pandemic

The European Union's statistic agency, Eurostat revealed the number of nights spent at EU tourist accommodation establishments dropped by 61% between April 2020 and March 2021 (1.1 billion), compared...