Category: Uncategorized

Interim president Ilie Bolojan expressed confidence on Tuesday, April 8, that Romanian institutions will soon clarify with the US Department of Homeland Security the issues related to the suspension of visa-free travel for Romanian citizens.  Speaking during a press conference at the Cotroceni Palace in Bucharest, Bolojan emphasized that the lifting of visa requirements is…

The Defense Ministry said that it had not received any official notification from the United States regarding the withdrawal of American troops from Romania’s territory, and that it cannot formulate a response based solely on media reports. The clarification comes after public reports emerged regarding a possible withdrawal of approximately 10,000 American troops from Romania and…

The Bucharest Stock Exchange’s main index BET gained 3.5% on April 8, recovering more than half of the 6.1% loss accumulated during the previous three trading sessions after the US Administration announced the tariffs prompting panic among investors around the globe. BET’s year-to-date performance thus returned to positive readings, with an advance of 2% YTD.…

Morgan Stanley, together with David Hay, former Chief Executive Officer of AFI Europe, is reportedly exploring the sale of the America House office building in Bucharest’s Victoriei Square for approximately EUR 100 million, according to market sources cited by Ziarul Financiar.  The potential divestment comes amid rising office rents and declining vacancy rates in Bucharest’s…

Kafeterija, a leading specialty coffee shop chain from Serbia, is set to enter the Romanian market as part of a regional expansion strategy financed by BlackPeak Capital, a Bulgarian investment fund supported by the European Union, Startupcafe.ro reported. The announcement was made last week, with the company outlining its intention to launch operations in Romania,…

Romania’s oil and gas group OMV Petrom (BVB: SNP) reported a 3.8% year-on-year decline in hydrocarbon production for the first quarter of 2025, reaching 107.5 thousand barrels of oil equivalent (boe) per day, according to a market update published on 8 April on the Bucharest Stock Exchange.  This output marks a marginal increase of 0.28%…

Romania’s industrial sector recorded a marked deterioration in the first quarter of 2025, with key performance indicators reflecting continued contraction due to global demand uncertainty and geopolitical tensions, according to the latest economic survey by the National Strategy and Forecasting Commission (CNSP). The contraction in activity was observed across all economic indicators tracked by the…

During a press conference held on April 8, acting president Ilie Bolojan warned that Romania could face significant economic headwinds as a result of transatlantic trade disputes, especially in sectors like aluminum, pharmaceuticals, and component manufacturing.  He emphasized the knock-on effects of Germany’s reduced exports to the US and noted that Romania’s integration into European…

Romania’s interim president Ilie Bolojan has proposed that electoral debates between presidential candidates be held at the presidential Cotroceni Palace in Bucharest, describing the venue as a fitting and symbolic space for fair and transparent discussions. “We’re in this very room. I see no reason why, in the workplace of the future president, we cannot…

The assets of Romanian state-owned CEC Bank increased last year by 19% compared to the same period in 2023, while profit also rose. The group’s assets increased from RON 83.61 billion to RON 99.33 billion, while its net profit rose to RON 687.9 million, of which the bank’s net profit was RON 668.2 million. By…