Category: Uncategorized

No price hikes are expected in the short term while the prices might decrease in the long term, Romanian finance minister Tanczos Barna told news channel Digi24, commenting on the effects of the tariffs imposed by the US Administration. He explained that this would be an effect of China re-orienting its exports away from the…

Romania’s rapidly rising public debt remained steady through January, ending the month at RON 964.4 billion (EUR 193.8 billion), or 46.8% of GDP, according to data published by the Finance Ministry.  With no FX or Fidelis bond issue to households in the first month of the year, the public debt has remained constant. However, EUR 4…

Former prime minister Victor Ponta, currently running for president as an independent candidate with an isolationist agenda, claimed that in his capacity as head of the executive in 2014, he prevented the flooding of Belgrade by opening the Iron Gates dam to flood several Romanian villages instead.  He said the government paid compensations for the…

Almost 68% of Romanians say they would like the level of foreign direct investment in Romania to increase (versus 15% who would like to see fewer foreign investors), according to a poll “on the population’s attitude regarding economic patriotism and the vulnerabilities of the democratic regime,” conducted by INSCOP at the behest of the Concordia…

Belgian logistics real estate developer WDP has announced a EUR 52 million investment in expanding its logistics infrastructure in Dragomirești, on the outskirts of Bucharest, as part of a broader EUR 107 million development program also covering Ridderkerk in the Netherlands, according to Economedia.ro.  The projects, covering a combined leasable area of approximately 93,000 square…

Romanian telecommunications group Digi Communications (BVB: DIGI) announced on April 10 that its subsidiary Digi Romania concluded on April 9 a notification regarding an additional credit facility of EUR 200 million to a senior facility agreement dated April 21, 2023, according to a note sent by the group to investors. The facility has a maturity…

Eltra Logis, one of the leading players in the niche logistics, transportation, and warehousing market, has developed its own software solution, Rapido, with a strategic investment of EUR 800,000. The company brings a scalable solution dedicated to e-commerce players to the market that increases operational efficiency, reduces costs, and improves customer experience. Eltra Logis aims…

A recent survey conducted by eJobs Romania revealed that 65.6% of employers will offer benefits to their employees for the Easter holidays this year. The majority of these companies have budgeted for cash bonuses, with vouchers and gift tickets being the second most commonly offered benefit. Other popular benefits include extra days off and holiday-themed…

Flyone, a leading aviation company in Moldova and Armenia, said it is expanding its operations in Romania. This summer, the airline will launch a new operational base at Bucharest’s Henri Coandă International Airport, marking its official debut on the Romanian market.  As part of its expansion strategy, Flyone will allocate two modern Airbus A320 aircraft…

TenarisSilcotub, the leading Romanian producer of small-diameter seamless pipes, announces the completion of construction on its first renewable energy production facility — a 20 MW photovoltaic park, developed through a USD 21.5 million investment. The project was financed through both company funds and non-reimbursable European grants, provided via the National Recovery and Resilience Plan, Pillar…