Category: Uncategorized
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Romania could fulfill conditions to join euro area in 3-4 years, president says
President Nicușor Dan stated on Thursday, February 12, that Romania could meet the conditions for joining the euro area over the next 3-4 years. He argued that switching to the euro would be beneficial for the country. Starting January 1, 2026, Bulgaria became the 21st member state of the euro area, while Romania has remained outside…
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Bucharest Tribunal lifts judicial control on District 3 mayor Robert Negoiță
The Bucharest Tribunal has revoked the judicial control measure imposed on District 3 mayor Robert Negoiță, allowing him to return to office. The decision, delivered on Thursday, February 12, is final, Agerpres reported. Mayor Negoiță had been placed under judicial control by the National Anticorruption Directorate (DNA) last week in a case concerning the construction…
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Redport secures EUR 9 mln financing from Intesa Sanpaolo for residential project in eastern Bucharest
Real estate developer Redport has secured a EUR 9 million financing line from Intesa Sanpaolo Bank Romania for the development of the Vitality Est residential project in eastern Bucharest. The financing package also includes a dedicated VAT facility of around RON 5 million, providing what the company described as a predictable financial framework for the…
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Romania’s football team to face Poland, Sweden in Group B4 of Nations League
Romania’s national football team has been placed in Group B4 of the 2026/2027 edition of the Nations League, alongside Poland, Bosnia and Herzegovina, and Sweden, according to the draw conducted on Thursday evening, February 12, in Brussels. Romania comes into the competition as the winner of Group C2 in the 2024/25 edition (with Kosovo, Cyprus,…
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Romanian IT deal: Zitec acquires Equilobe to accelerate international expansion
Romanian IT and digital transformation company Zitec has acquired local technology firm Equilobe in a strategic move aimed at accelerating its international expansion, particularly in Western Europe. According to Zitec, the acquisition strengthens its capabilities in .NET technologies, creating one of the strongest .NET expertise hubs in Romania and consolidating its position as a key…
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Romania sends defense, foreign ministers to Munich Security Conference
Romania is represented at the Munich Security Conference, which is taking place between February 13 and 15, by a delegation that includes defense minister Radu Miruță, foreign minister Oana Țoiu, and the director general of the National Cyber Security Directorate, Dan Cîmpean, according to an official press release. The current edition of the Munich Security…
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Statistics: Economy grows 0.6% in 2025 but Romania ends year in technical recession
Romania’s economy expanded by 0.6% overall in 2025 but entered a technical recession at the end of the year, after two consecutive quarters of real GDP contraction, according to flash data published by the National Institute of Statistics (INS) on Friday, February 13, as quoted by Ziarul Financiar. Prime minister Ilie Bolojan said in a…
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President Nicușor Dan says Romania may attend Donald Trump’s Board of Peace but only as observer member
Romania is currently holding discussions with the United States authorities on the status of potential Board of Peace observer members – the only statute Romania may accept because of “discrepancies” between the Board’s Charter and Romania’s existing commitments, according to president Nicusor Dan, cited by Digi24 and HotNews. A final decision will come at the…
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Romania’s real wages down 4.9% y/y in Q4 2025, still higher compared with 2023
Romania’s average net wage rose by 4.4% y/y to RON 5,674 (EUR 1,115) in Q4 last year, but the nominal advance was fully offset by the high 9.7% y/y inflation, resulting in a 4.9% y/y real decline in employees’ purchasing power, according to data published by the statistics office INS. It was the second consecutive quarter…
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Norway’s Scatec starts construction of 190 MW solar portfolio in Romania under CfD scheme
Norwegian renewable energy group Scatec ASA has reached financial close for its 190 MW “Dobrun & Sadova” solar portfolio in southern Romania and is set to begin construction, the company said in a press release. The projects are backed by a 15-year Contract-for-Difference (CfD) signed with Opcom, Romania’s electricity market operator, covering around 70% of…