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Mains

Surprise in budget implementation for first 4 months: revenues in April were on the rise. Budget deficit – reached 2.5% of GDP

The general consolidated budget registered for the first four months of the current year a deficit of almost RON27 billion, equivalent to 2.48% of GDP… Mai mult

The Monkey in its Labyrinth

Covid is a curse which helps the Romanian economy: it opens no new roads for us but closes the old ones and forces us to… Mai mult

Industrial production decreases for the 8th month in a row. -3.1% in January

According to the data communicated by the NIS, in January 2020, Romania registered a new decrease in monthly industrial production, by -2.4% in gross series… Mai mult

VIDEO / Spring, first Dacia electric model, enters series production as of 2021

Dacia-Renault presented its “show car” Dacia Spring, “which prefigures the first 100% electric model of this brand” and will enter series production in 2021, according… Mai mult

Analysis / 2020 – turning point for economic balance: Political decision will choose whether or not we shall sustainably develop

With current data and based on the legislation already adopted, Romania’s public debt is forecasted to reach 91.2% of GDP, according to the analysis of… Mai mult

Maps of regional fracture in Romania’s gas, electricity and highway infrastructure

The progress in the development of Romanian infrastructure networks of utilities and roads is too slow compared to the needs and our neighbours’ progress, as… Mai mult

OUG 114 erased 24% of the total profit of energy companies in 2019. Solutions that companies approached

The administrative capping of energy prices through OUG 114/2018 contributed to a decrease of approximately 24% of the cumulative net profit of the largest electricity… Mai mult

How much of public investment represent European cohesion funds: a situation at EU level with Romania in the list

One of the major struggles regarding the next EU Multiannual Financial Framework refers to the level of cohesion funds to be allocated to member countries… Mai mult

Romania’s debt costs: Yield of government bonds compared to countries in the region

The yield of long-term Romanian government bonds was 4.28% in January 2020, according to Eurostat data. That is well above all the other states of… Mai mult

Reversed trend in mutual funds: Romanians invested more money than they withdrew. They look for funds with government bonds

Net subscriptions in Romanian mutual funds (the difference between invested and withdrawn amounts) became again positive in 2019 after they had been negative in 2018.… Mai mult

Romgaz has started exploitation of richest onshore gas deposits discovered in 30 years

Romgaz (SNG) announced the start of production in the deep area of Caragele deposit (Buzau), the biggest discovered in the last 30 years and one… Mai mult

4.9% – Romania’s spectacular public deficit in Q3. 2 times more than anyone else in the EU

Romania managed again to stand out at the EU level by recording the highest level of the public deficit in the third quarter of 2019,… Mai mult

Again -7.7% (!) in industrial production: 6th consecutive month with a negative result

According to data provided by INS, in November 2019 Romania recorded a new alarming decrease in monthly industrial production at the level of the negative… Mai mult

12.6% of Romanian children and young people under 20 live abroad

Almost 600,000 Romanian children and young people aged between 0 and 19 years, that is 12.6% of the total Romanian people in this age group,… Mai mult

Document / PNL Government Program for next year

On Thursday, the appointed Prime Minister, Ludovic Orban, presented to colleagues from the National Office the document that he will submit to the Parliament, which… Mai mult
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NEWS

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

Romania loses competition for a seat at UN Security Council. MAE Excuse: Campaign started too late

Romania lost to Estonia in the final vote to get the non-permanent member position within the UN Security Council for the period 2020-2021. On Friday,… Mai mult

Business internationalization / eMAG makes a step to entry five new international markets and targets a business of EUR 2 billion

eMAG hopes to get the opinion of the Hungarian Competition Council over the next two months for the acquisition of Extreme Digital, the market leader… Mai mult