Mains

Loss in competitiveness compared to Hungary and Poland: Real effective exchange rate – a critical indicator for Romania

Romania has improved its competitiveness compared to the Czech Republic and Bulgaria at the regional level in recent years but lost ground compared to Croatia,… Mai mult›

Gas extraction from Black Sea will become unprofitable if investment starts after 2022 – ANRM estimate

If delayed long after 2022, the investment in natural gas exploitation in the Romanian commercial area of the Black Sea could become unprofitable. Also, not… Mai mult›

A decade of change in Romanian economy structure: Trade, public sector salaries and IT replace the loss of industry and agriculture contribution to GVA

The structure of Romania’s economy has a number of peculiarities compared to the European average in terms of the contribution brought by major sectors to… Mai mult›

GDP 2020, equal to GDP 2019 in nominal terms and GDP 2018 in real terms

The National Institute of Statistics confirmed the signal result of the economic growth for 2020 at the level of -3.9%, in the first preliminary version… Mai mult›

Romgaz will submit an offer to take over ExxonMobil’s stake in the Black Sea, in Neptun Deep

Romgaz (SNG) will submit an offer to take over ExxonMobil’s participation in the concession for the exploitation of natural gas from Neptun Deep perimeter in… Mai mult›

Two graphs: The Romanian particularity of salary expenditures for public sector employees

Before analysing the two graphs below, let’s set the coordinates: Expenditures with public sector staff (i.e. state employees) in the 2021 Budget are expected to… Mai mult›

Ministry of National Defence submits the 2021 shopping list to the Parliament for approval

The Government discusses in Wednesday’s meeting the memorandum by which the Ministry of National Defence requests the Romanian Parliament’s approval for initiating the procedures for… Mai mult›

Covid in 2021 Budget: Fighting pandemic will cost about EUR 3 billion, plus state guarantees of almost EUR 6 billion

The Government estimated at almost 1.29% of GDP (RON 14.38 billion) the impact of measures for preventing and combatting COVID-19 pandemic on 2021 general consolidated… Mai mult›

Commission’s winter forecast for Romania: increase of at least 3.8%, but exports will have a negative contribution

Romania’s GDP will increase by 3.8% in 2021 and 4% in 2022, respectively, according to the winter economic forecasts, published on Thursday by the European… Mai mult›

Net electricity imports – up by more than 74% in 2020 compared to 2019. Although consumption decreased

The net import of electricity in first 11 months of 2020 was already higher by 73.9% compared to the whole 2019, despite the consumption reduction,… Mai mult›

Analysis: How pandemic changed the consumption and saving habits in Romania

The pandemic has significantly changed the consumption habits but also the saving habits of Romanians, according to the INS data analysed by cursdeguvernare.ro. The saving… Mai mult›

Brexit effect on Romanian foreign trade

Over the last years, the United Kingdom has been Romania’s most important foreign trade partner, with which we have managed to record a significant trade… Mai mult›

Doubled demand for Romania’s state bonds. Declining interest rates

The Ministry of Public Finance has contracted government securities worth RON 1.2 billion, of which state bonds maturing in October 2030 covered EUR 801.8 million,… Mai mult›

Interview with Mateusz Walewski: We still have a price advantage, but we have to move from “production” competitiveness to “technological” competitiveness

The imminent future of the economies of Central and Eastern Europe, the end of the tunnel for the Covid crisis, Eastern convergence – how does… Mai mult›

GDP 2020 estimate – reduced for the third time in the official forecast. Remarks

The GDP 2020 estimate has been reduced for the third time in a row in the so-called Preliminary Autumn Forecast for the budget amendment published… Mai mult›

New Renault boss: “Dacia is a miracle. It's time for the brand to flourish"

Luca de Meo (foto), the new general manager (CEO) of Renault group, considers that Dacia project proved to be a miracle and that no one… Mai mult›

Pentagon transforms Campia Turzii unit into a NATO air hub at the Black Sea

A former Soviet airbase in central Romania could become a hub for US Air Force operations in south-eastern Europe, where the Pentagon is seeking to… Mai mult›

Nuclearelectrica shareholders approved to terminate negotiations with Chinese for building reactors 3 and 4 from Cernavoda

Nuclearelectrica's Board of Directors has been mandated to initiate proceedings to terminate negotiations with China General Nuclear Power Group (CGN), as well as legal effects… Mai mult›

Renault holds expansion of its plant in Romania, 15,000 jobs cancelled at global level

"Putting capacity growth projects planned in Morocco and Romania on hold" - is one of the measures included in the draft plan of Renault Group… Mai mult›

Romania is a net importer of electricity in 2020 as well

Romania imported an amount of electricity of almost 796 GWh in the first month of this year, by more than 36% above what it exported… Mai mult›

Shareholders of Galati steel plant promise investments of one billion euros

GFG Alliance has committed to invest one billion euros to upgrade Galati steel plant in order to reduce emissions and increase production. Another EUR 1… Mai mult›

Transport Ministry announces it has sent to Brussels the financing request for Sibiu - Pitesti highway

The Transport Ministry, as the Intermediate Body in Transport, approved the financing request for the project "Construction of Sibiu - Pitesti highway", Sections 1, 4… Mai mult›

Romania and Juncker Plan: EUR 720 million attracted, of which 35% by Transgaz for BRUA

(The map of investment financed through Juncker Plan, by GDP share. Darker colours mean higher shares) The operator of national natural gas pipelines, Transgaz (TGN)… Mai mult›

Top 3 reasons why young people leave Romania

Lack of trust in authorities, corruption and low living standards are the main reasons why young people leave Romania. The data is part of a… Mai mult›

IMM Invest Romania – program implementing rules have been published

The Ministry of Public Finance announces that it has issued the methodological norms for the implementation of the Program for supporting small and medium-sized enterprises… Mai mult›

Pollution import and car park expansion: comparisons with the other EU states

Romania is the EU country with the fewest cars in terms of the number of inhabitants, according to data recently published by Eurostat. We appear… Mai mult›

Government is trying to save budget deficit: reductions in public administration system, cancellation of bonus for harmful conditions, excise duty on soft drinks

The Government is preparing the public for the first measures aimed at avoiding the budget slippage, which would be applied by the PSD-ALDE government. News… Mai mult›

Laura Codruta Kovesi remains alone in the race for European Chief Prosecutor

French Prosecutor Jean-Francois Bohnert will be appointed as head of the European Financial Prosecutor's Office, a position for which he was heard on Thursday, 11… Mai mult›

Romania - EU country with highest risk of dying in a road accident, Bulgaria is quickly decreasing number of victims since it built motorways

Romania recorded the highest road deaths in the EU also last year, with 96 deaths per one million inhabitants in 2018, almost double the EU… Mai mult›

Latest developments in progress at Health Ministry: Differentiated wages based on performance, competitions organised at a regional level not by hospitals

Sorina Pintea announced on Thursday further new changes that will be brought to the functioning of the health care system, including new rules for employment… Mai mult›

ANAF changes selection procedure for liquidators. Main changes

The new order on approval and selection procedures for insolvency practitioners is an important step to a very good direction, industry experts say. ANAF is… Mai mult›

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