Category: Uncategorized

Amid growing inflation, one in two Romanians believes their current purchases cover only the bare essentials needed to get by, according to a survey published by Reveal Marketing Research. Roughly 49% of respondents agreed their current spending was limited to basic needs, while only 35% said their purchases made them feel healthy and safe. Just…

During an interview given on Thursday, September 25, Romanian president Nicușor Dan said that far-right former presidential candidate Călin Georgescu, who declared no campaign funds in the cancelled 2024 presidential elections, had behind him “a network that included some Romanians with money.” “Călin Georgescu was not such a lone rider who had, let’s say, a…

Chinese carmaker Chery marked its latest step into the Romanian market with the opening of a flagship showroom in Bucharest and the national launch of its new TIGGO 4 hybrid SUV. The 900 sqm showroom was designed as a “premium interaction hub,” offering customers access to the full Chery range, consultation services, and dedicated spaces…

Romania’s Early Game Ventures (EGV) announced on Thursday, September 25, a new seed investment in the startup YOX, which aims to revolutionize the blue-collar job market with the help of AI. The EUR 1.5 million round will allow the startup to expand internationally, the venture capital firm said. YOX, co-founded by Martin Dimitrov and Lilyana…

Romania is gradually changing its migration profile, as for the third consecutive year, the number of those settling in the country is higher than the number of those leaving, according to a Social Monitor infographic. However, two-thirds of those settling in the country are Romanians returning to their homeland. Between 2022 and 2024, Romania registered…

Romania’s minister of economy, Radu Miruta, announced that he has requested the European Commission to examine the possibility of restricting cement imports from outside the European Union, citing concerns of unfair competition raised by local producers. According to him, cement imports into Romania have increased suddenly, even exponentially, from almost all non-EU neighbours, because they…

Danish insulation manufacturer Rockwool has started construction of a new production line at its factory in Ariceştii Rahtivani, Prahova County, with an investment of EUR 150 million. The expansion will double the site’s basalt wool output by the end of 2027. The new unit will employ electric furnace technology to melt volcanic rock, a process…

The Romanian government has approved an extension of the price-capping mechanism for basic agri-food products until March 31, 2026, the Ministry of Agriculture announced following the cabinet meeting on September 25. The measure, first introduced in July 2023 through Government Emergency Ordinance (GEO) no. 67/2023, limits the commercial markup applied by producers, distributors, and retailers.…

The government of Romania has wrapped up the discussions on the first budget revision this year, which provides for additional allocations of RON 22.8 billion (EUR 4.5 billion) or over 1% of GDP in net terms, and a deficit target of 8.4% of GDP, according to sources consulted by Bursa.ro. The document is to be…

The European Bank for Reconstruction and Development (EBRD) reduced its forecast for Romania’s economic growth in its September issue of the Regional Economic Prospects report, by 0.7% and 0.8%, respectively, to 0.9% this year and 1.6% in 2026. Romania’s government will base its revised 2025 budget planning on expectations of 0.6% economic growth and an…