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Economic 0

Victoria's Secret bets on „sexy" again, enlists global celebrities

The American lingerie brand, long criticised for its beauty standards, is pivoting back to spectacle and star-powered marketing after years of repositioning.

  • Victoria's Secret is returning to its sensual aesthetic and fashion show format after a years-long hiatus.
  • The brand is leveraging global celebrities and social media to rebuild pop-culture relevance.
  • Rivals such as Savage X Fenty and Skims have captured demographic segments the brand previously abandoned.

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Economic 0

PPC Romania CEO: data matters more than opinions

Alessio Menegazzo warns that Europe has lost its drive to innovate and that gut-feel management no longer has a place in competitive companies.

  • Menegazzo: opinion-driven management without data support is no longer acceptable.
  • Europe has lost its innovation drive due to economic comfort, the CEO argues.
  • PPC Romania is part of the Greek PPC group, a leading energy player in south-eastern Europe.

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Economic 0

Old three-room flats in Bucharest cross the 140,000-euro mark

The average asking price reached 140,308 euros in May 2026, up 1,616 euros from the previous month.

  • Average asking price for an older three-room flat in Bucharest: 140,308 euros in May 2026.
  • Monthly increase of 1,616 euros (1.1%) compared to April 2026.
  • First time the 140,000-euro threshold has been crossed in a May reading.

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Economic -2

Ten banks fined €710 million in Romania's ROBOR cartel case

The Competition Council issued the largest fine in its history, finding that banks coordinated the exchange of confidential data during ROBOR daily fixings.

  • Total fine: 3.73 billion lei (€710 million) — a record in Romanian competition law history.
  • Ten banks coordinated the exchange of confidential data during ROBOR daily fixings.
  • ROBOR underpinned interest rates on millions of Romanian household loans.

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Economic -1

Piperea calls borrowers to court over ROBOR fines, but the numbers don't add up

The AUR MEP announces class-action suits after the Competition Council's ruling, but claims effects of 20–25% — far beyond what the official investigation found.

  • The Competition Council fined banks for illegally coordinating ROBOR rate submissions.
  • Piperea claims rates were inflated by 20–25%, but the regulator cites only fractions of a percent.
  • Courts will rule on evidence from the case file, not on lawyers' public estimates.

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Economic -1

Romgaz buys Azomureș, but the plant won't restart before 2027

The deal is worth up to €69 million, but the chemical fertiliser plant cannot resume operations before the second quarter of next year.

  • Romgaz acquires Azomureș assets for up to €69 million.
  • The plant cannot restart before Q2 2027 due to gas supply constraints.
  • Azomureș workers cannot be hired by Romgaz for now, with no public explanation given.

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Economic +2

Finnish AI startup Capalo targets Romanian energy storage market

Backed by €11 million in funding, including from the Finnish state, Capalo AI is expanding its virtual power plant operations across Europe.

  • Capalo AI confirms plans to enter the Romanian battery energy storage market.
  • The company raised €11 million, with the Finnish state among its backers.
  • Its business model relies on virtual power plants optimised through artificial intelligence.

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Economic -2

Fuel transit to Ukraine and Moldova hits new EU red tape at Romania's border

A new EU requirement to register goods in transit and post a financial guarantee will slow fuel shipments through Romania, hitting the Sulina port route hardest.

  • New EU rules require a financial guarantee for goods while they transit union territory.
  • Sulina port is the most exposed node for non-EU petroleum product imports.
  • Ukraine and Moldova are the main destinations affected by the added logistical burden.

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Economic -1

BRD to challenge Competition Council ruling on ROBOR

The bank firmly rejects the regulator's findings and says it will pursue all legal avenues to contest the decision.

  • BRD firmly rejects the Competition Council's conclusions in the ROBOR investigation.
  • The bank will challenge the ruling in court after reviewing the full written reasoning.
  • The authority's complete decision was not yet public at the time of BRD's announcement.

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Economic -2

Expert quits ROBOR panel after fine and public scrutiny

A contributor to Romania's interbank reference rate has stepped down, citing a fine and public exposure stemming from an ongoing case.

  • A ROBOR panel contributor resigns after receiving a fine linked to an ongoing case.
  • He cites public exposure and no personal benefit from his participation.
  • The departure raises questions about the representativeness of Romania's key lending benchmark.

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