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Romania and Bulgaria will receive almost EUR 104 million in EU funding for a cross-border smart energy networks project, energy minister Bogdan Ivan announced. In total, the European Commission said it will allocate nearly EUR 650 million in grants from the Connecting Europe Facility (CEF) to help finance 14 cross-border energy infrastructure projects. Of the total, nearly…

A ceremony was organized in Paris on Wednesday, January 28, to mark Romania’s associate member staus in the OECD Development Assistance Committee.  Established in 1961, the Committee originated from the Development Assistance Group created in 1960 within the Organisation for European Economic Co-operation (OEEC). The committee brings together the main global providers of official development…

The nine best-performing open-end equity funds in Romania outperformed the blue-chip BET index in 2025, reflecting a strong year for the local capital market, Ziarul Financiar reported on January 28. The BET index, which tracks the most liquid companies listed on the Bucharest Stock Exchange, rose by about 45% in 2025, outperforming most regional equity…

Calculated at the end of 2025 for the past five years, the placements made by a contributor to Pillar II pension funds in Romania, earning the average wage each month, generated a real internal rate of return (IRR) adjusted for the consumer price index of between 2.8% (BRD fund, currently under the management of Banca…

Prime minister Ilie Bolojan stated that the introduction of progressive taxation would require at least one year of technical preparation, but, in his opinion, Romania does not currently have the necessary conditions to take this step. The measure is requested by Social Democrats and supported by IFIs to balance the fiscal austerity measures implemented over…

Prime minister Ilie Bolojan, in an interview with RFI Romania this week, mentioned that a minority government is a solution of last resort, which he personally would not “encourage” – but he has not ruled out this scenario either. The statement came after the Social Democrats (PSD) had repeatedly threatened to pull out of the ruling…

Romania and Germany have formalised a framework for defence cooperation through a Joint Declaration of Intent, signed on Wednesday, January 28, in Berlin by Romanian defence minister Radu Miruță and his German counterpart Boris Pistorius, Digi24 reported. The agreement sets out a modern framework for collaboration in the field of defence materials, covering four main…

Romania’s integrated steel mill Liberty Galati, which has incurred deep losses starting in 2022, is to be sold in an international auction on March 12 with a starting price of EUR 690 million, after an inter-government committee has approved the restructuring plan on January 28. The court has cleared the restructuring plan and rejected a…

The volume of services delivered to households in Romania shrank by 2.3% y/y in January-November, with a steep 8.1% y/y contraction in November, according to data published by the statistics office INS. Tour operators faced the steepest hit from households’ reduced consumption, with their activity plunging by 14.2% y/y over the eleven months and by…

Romania will be promoted internationally through a series of film screenings and cultural events organised by British writer and producer Charlie Ottley, the creator of the Wild Carpathia and Flavours of Romania series. The tour will take place in several global capitals, including Thailand, Malaysia, Chile, Peru, Colombia, and the United Kingdom. The tour, which…