Category: Uncategorized

Romania is becoming a digital leader in Central and Eastern Europe, as its internet penetration rate stood at 76.8 percent in 2023, and its cybersecurity market has reached 194.22 million dollars as of this year. Nevertheless, behind these successes, there are difficulties, including increasing risks of cyber threats. Our team has delved into the possibility…

Claudiu Crețu, the CEO of Romanian power company Elcen, which provides hot water to Bucharest, has been indicted by the National Anticorruption Directorate (DNA) and is suspended from his post, sources familiar with the matter told Digi24. Investigators say he took a bribe from a businessman from the Republic of Moldova, who also has interests in…

The Constitutional Court (CCR) will rule on September 24 on challenges lodged against a package of government reform laws passed under a simplified parliamentary procedure, Radio Romania Actualitati reported. The objections were filed by the Alliance for the Unity of Romanians (AUR) and by the High Court (ICCJ). Prime minister Ilie Bolojan implied he would…

Romanian citizens have already lent the government close to EUR 7 billion in 2025 via the Fidelis and Tezaur dedicated state bonds schemes, exceeding last year’s record level, Profit.ro reported. The Finance Ministry raised about RON 3.7 billion (EUR 740 million) in the latest monthly bond sales, bringing the total since January to RON 34.5…

Several of Romania’s largest companies, with combined turnovers of tens of billions of lei, have not yet filed their financial statements for 2024, despite the extended deadline of June 2, 2025, Termene.ro reported. Under Romanian law, late submissions are subject to fines. The biggest company missing from filings is Lukoil Romania, the fuel retailer owned…

The European Commission (EC) has preliminarily allocated EUR 16.7 billion to Romania through the Security Action for Europe (SAFE) scheme, which will support the rearmament of Europe through soft loans extended to member countries, according to a government press release.  The tentative allocation for Romania is the second-highest by country, after Poland, and will finance…

Romania’s trade in goods posted a deficit of EUR 34.7 billion (9.5% of GDP), up 10% y/y in 12 months to July 2025, as the imports’ 4.3% y/y growth rate was nearly double that of exports (2.3% y/y), according to data published by the statistics office INS.  The chemical industry holds a major share of…

Romania’s forecasting body, CNP, revised its forecast for the year’s GDP growth to 0.6% from 1.4%, under the Autumn Forecast dated September 5, to be used as the baseline scenario for the imminent budget revision. Initially, the government drafted the budget planning for this year based on a much brighter macroeconomic scenario inked last December…

Romania’s hopes of reaching the 2026 World Cup suffered another setback on Tuesday, September 9, as they were held to a 2-2 draw by Cyprus in Group H qualifying, despite taking an early two-goal lead through Denis Drăguș. Drăguș struck twice inside the opening 18 minutes, first capitalizing on a defensive error by Konstantinos Kousoulos…

The Spruce Forest/ Pădurea cu Molizi, the latest film by Romanian director Tudor Giurgiu, is set for release in local cinemas starting October 7, Transilvania Film announced. Inspired by the tragedy of Fântâna Albă of April 1, 1941, the film recounts the fate of a Romanian community in Bessarabia, massacred in a desperate attempt to…