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CFA Society Romania expects the country’s economy to stall this year with GDP growth around 0%, with risks on the downside, as recession risk persists. The GDP growth will hover around 0–0.5% next year, while the use of EU funds is key to resume economic growth at more relevant rates starting from 2027, according to…

The Seattle Romanian Film Festival returns for its 12th edition this fall, showcasing nine Romanian feature and documentary films at the SIFF Cinema Uptown, one of Seattle’s most prominent venues for European cinema. The event is scheduled for November 7-9. Organized by the American Romanian Cultural Society (ARCS) in collaboration with the Cultural Association Control…

Romania’s Social Democratic Party (PSD) secured support in the Senate’s labour and health committees for two legislative proposals aimed at exempting several vulnerable categories from paying the social health insurance contribution (CASS). The exemptions would apply to mothers on parental leave, war veterans and widows, persons with disabilities, former political prisoners, and members of religious…

Romania’s outsourcing industry, employing more than 200,000 people, has warned that a proposed “tax on affiliates” could undermine its competitiveness by effectively increasing the sector’s tax burden. The measure, part of a fiscal package drafted by the government, approved by parliament, and now under review by the Constitutional Court, restricts the deductibility of certain expenses…

Romania’s electricity utility group Electrica, controlled by the state (49%) and listed at the Bucharest Exchange (BVB: EL), with supply and distribution operations, requested the shareholders’ approval for borrowing up to EUR 1 billion. The money will be used for acquisitions. Electrica expressed plans to buy companies (shares/social parts), business lines, or individual assets within…

Romania’s economy is expected to post the weakest economic growth among the World Bank’s Europe and Central Asia universe, only 0.4% – half of Russia’s 0.9% advance and far from Ukraine’s 2.0% advance, to name two countries currently in war. The recovery will not be robust, with growth rates of 1.3% in 2026 (again the…

In line with International Customer Experience Day (CX Day), a global initiative that promotes the importance of customer experience in organizational success, Romania becomes a regional reference point through CX Conference Bucharest 2025, an event organized by Customer Experience Romania under the coordination of Gabriela Ciupitu, a globally recognized leader in the field of Customer…

Groupe Atlantic, a French global player in the HVAC (Heating, Ventilation, and Air Conditioning) industry, announced the appointment of Florent Blain as plant manager of the group’s factory in Ploiești, Prahova County. Blain joined the company in 2006 and has held several key positions in production, R&D, and plant management, both in Europe and internationally. …

The Ministry of Education announced that schools will be closed on Wednesday, October 8, in the counties of Constanța, Călărași, Ialomița, and Giurgiu due to severe weather conditions forecast by the National Meteorological Administration – ANM. The four counties and Bucharest are under a red weather alert for heavy rain. According to the ministry, all pre-university…

Romania’s asset management industry has entered a phase of accelerated maturity after surpassing the threshold of one million investors, and prospects show there is still significant growth potential, according to participants of the 7th edition of the Summit of the Romanian Fund Managers Association. Asset managers across Romania, reunited at the Summit, highlighted that the…