Category: Uncategorized

Caroli Foods Group has begun using electricity from a photovoltaic park built next to its packaged meat production plant in Pitești, Argeș county. The project was financed entirely from the company’s own resources. The solar park covers 22,000 square meters and comprises 3,600 monocrystalline photovoltaic panels, each with a capacity of 700 W. Its total…

On Tuesday evening, October 20, the Romanian Intelligence Service (SRI) issued a rare press release rejecting a theory posed by former presidential adviser Ludovic Orban. According to the politician, SRI had brokered a deal that would have the Social Democratic Party (PSD) back sitting president Nicușor Dan for a second mandate during the next presidential…

The members of Bravva Angels, a community of investors supporting technology startups from Romania and Central and Eastern Europe, have invested in five companies over the past three months. The list includes Watergenics, Solmag, Rayscape, and EdNeos. The fifth company backed by Bravva Angels members is currently raising a round, but details remain confidential at…

Romania recorded 381,094 property transactions in the first nine months of 2026, down 17.8% from 463,592 in the same period of 2025, according to an analysis signed by Keller Williams Romania president Alexandru Văcaru. However, around 80% of the decline occurred in the third quarter, when comparisons were distorted by exceptional events in both years.…

Construction of the Ungheni bridge across the Prut River has reached 56%, according to the Romanian Road Infrastructure Administration Company (CNAIR). The cross-border project connecting Romania and Moldova is valued at approximately RON 151 million, excluding VAT. “The Ungheni bridge across the Prut has reached a physical completion rate of 56%,” CNAIR announced, adding that…

The North Atlantic Treaty Organization, or NATO, announced on Tuesday, October 20, that it decided to send “additional resources” to the Black Sea following Russian drone attacks on commercial vessels in the territorial waters of Romania and Bulgaria. The announcement ​came after NATO’s main decision-making body, the North Atlantic ​Council, discussed security in the Black…

The unusually high growth rate was partly due to a base effect, as contractors brought forward works in July 2025 to avoid the harsher tax regime introduced in August 2025. However, the sector’s robust performance cannot be attributed entirely to the base effect. The construction volume index accelerated from 7.7% y/y in Q1 to 18.0%…

On October 20, Romania’s Parliament approved the minority government controlled by the Social Democrats (PSD) but headed by independent prime minister Luca Niculescu. The update offers a positive note after Moody’s warned on October 1, following the third failed attempt to form a government in Romania, of a significant risk of snap elections and the…

“Romania’s position suggests that the unsustainable current account deficit is a bigger problem than [its second major macroeconomic challenge], the negative output gap,” the report said, as quoted by Cursdeguvernare.ro. Under these circumstances, the adjustment should combine a weakening of the real effective exchange rate, “possibly through a larger one-off devaluation,” with a more restrictive…

RBL argued that the measure would increase the administrative burden, particularly for small and medium-sized enterprises (SMEs), running counter to the European Commission’s targets of reducing administrative costs by at least 25% for all companies and 35% for SMEs. “Legislative proposal B563/2026 […] would oblige companies to use a lawyer for company incorporation and amendment…