Category: Uncategorized

Gameloft, a French producer and developer of video games, has decided to close the studio in Cluj-Napoca, opened 15 years ago, and to fire all 136 employees from this headquarters, the company told Economedia.ro. The information came from an employee who conveyed that, on May 13, 2024, following an internal meeting with all the employees…

The average net wage in Romania increased by 14.1% y/y to RON 4,973 (EUR 1,000) in Q1, after the earnings in March surprisingly exceeded those in December – seasonally boosted by yearend bonuses, according to data published by the statistics office INS. The higher net wages in March were in the tobacco processing industry (RON…

Romania’s seasonally (and workday) adjusted  GDP rose by 0.5% q/q in Q1, reversing the 0.6% q/q decline in Q4 and bringing the index close to the level in Q3 last year – according to flash estimates published by the statistics office INS.  The flash q/q estimate is roughly half of the expectations expressed in a Bloomberg survey,…

Along with the consensus scenario of strong fiscal stimulus and robust domestic demand, the European Bank for Reconstruction and Development (EBRD) projects strong economic growth of 3.2% this year and 3.4% in 2025 for Romania, under the latest Regional Economic Prospects report published on May 15. The main vulnerability remains the fiscal position, the EBRD…

The governor of the National Bank of Romania (BNR), Mugur Isărescu, speaking at the Inflation Report unveiling on May 15, declared that a fiscal correction is “absolutely necessary,” but it is hard to carry out such policies during an electoral year such as 2024.  “[The fiscal correction] is absolutely necessary, and we encourage the government…

Reflecting the discretionary rise in public wages, the pension reform, and the strong public investments and despite the first fiscal corrective package passed in 2023 (with a positive impact of 1% of GDP this year), Romania’s budget deficit will rise from 6.6% of GDP last year to 6.9% of GDP this year (ESA terms), according…

The American Independent Film Festival (AIFF) returns for its 8th edition in Romania next month, showcasing films from June 7 to 13 in Bucharest and, for the first time this year, in the magical setting of Bran Castle on June 7 and 8. For the first time in the festival’s history and that of the famous Bran…

Romanian president Klaus Iohannis recently approved a law stipulating that persons with disabilities will have unrestricted access to public transportation, shops, and other spaces with guide dogs. The law, initiated by deputy Oana Țoiu and senator Silvia Dinică, was adopted by Parliament in mid-April. “From now on, people with disabilities can be accompanied by guide…

Voxa, the leader among audiobook and e-book streaming applications in Romania, has embarked on an international journey by extending its operations in Italy. Starting on May 15, the service will be available to Italian listeners with a library of over 100,000 titles in Italian and English. By the end of the year, Voxa plans to…

Premier Restaurants Romania, the operator of local McDonald’s restaurants, said it plans to open seven new locations in 2024. At the same time, it will continue the modernization and digitization projects of existing restaurants. In 2023, Premier Restaurants opened six restaurants in Bucharest, Botoșani, Drobeta-Turnu Severin, Craiova, Pitesti, and Dumbrăvița and continued remodeling and digitization…