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IAR Brașov employees protest as board remuneration rises more than fourfold

The union at Romanian aircraft producer IAR Brașov organised a rally on Monday, October 12, inside the company’s premises to protest a more than fourfold increase in remuneration for members of the Board of Directors, while an inflation-linked salary increase negotiated in June has not been granted, according to a statement cited by Agerpres.

Society

Romania’s PM-designate sketches technocratic government but seeks political backing

Prime minister-designate Luca Niculescu said he intends to seek Parliament’s investiture even without an explicit majority and has called for a six-month political truce. More specifically, he wants political parties to refrain from filing motions of no confidence or otherwise obstructing the government’s functioning, at least until April 2027.

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InterCapital lists Polish equities ETF on Bucharest Stock Exchange

Romanian investors can now gain indirect exposure to the Polish stock market through their local brokerage accounts, after Croatia’s InterCapital Asset Management listed an exchange-traded fund (ETF) on the Bucharest Stock Exchange (BVB) that passively tracks the WIG30TR index.

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Romania’s debt-to-GDP ratio drops below 60% after GDP revision

Romania’s gross public debt, measured under the EU’s ESA methodology, increased by RON 67.7 billion year-to-date to the end of July, equivalent to EUR 12.9 billion at the current exchange rate, according to the latest data published by the Finance Ministry.

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Business

New Romania Insider video series: Ionuț Vasile on Leroy Merlin Romania's supply chain

Romania Insider launches a new multi-part video series taking viewers inside Leroy Merlin Romania, one of the country's fastest-changing retailers. Episode 1 sits down with Ionuț Vasile, Head of Supply Chain, to open the doors on the logistics operation behind 25 stores, 3.7 billion lei in turnover, and a brand-new 48,500 sqm distribution centre.

Dylan Delhommois · 17 Sept · 2 min read

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Public Affairs Solutions appoints Decebal Mohirta as Managing Associate

Public Affairs Solutions, a consulting firm specializing in public affairs and government relations, announces the promotion of Decebal Mohirta to the position of Managing Associate, following more than five years with the company.

Romania Insider · 5 Oct · 3 min read

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Life

'If it's not sustainable, a path will become overgrown': Alin Ușeriu on the expansion and potential of Via Transilvanica, the long-distance trail crossing Romania

Four years since the long-distance trail Via Transilvanica was inaugurated, work is underway to have it reach other historical regions of the country, and the kind of experiences it offers puts it in a strong position to attract an increasing number of tourists, Alin Ușeriu, the president of Tășuleasa Social, explains.

Simona Fodor · 12 Oct · 11 min read

Society

Flamingos filmed on Romania’s Lake Techirghiol

Several flamingos have been filmed on the shore of Lake Techirghiol in southeastern Romania, where sightings of the species have become increasingly common in recent years.

Irina Marica · 12 Oct · 1 min read

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