Category: Uncategorized
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Romanian-Austrian business platform Romania Connect launches in Bucharest
Romania Connect, a business platform for companies, entrepreneurs, and institutional partners from Romania and Austria, has launched in Bucharest. The move follows its initial launch in Vienna on March 23. The independent, apolitical association is financed through membership fees, its representatives said. It plans to facilitate partnerships through business events, structured networking, specialist referrals, mentoring,…
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Romania’s quantum computing hub in Iași adds Classiq software to IBM hardware
Classiq, a leading company in quantum computing software, and Romania’s FreeYa Mind Campus announced the signing of a strategic commercial agreement to develop quantum application creation, education, and adoption capabilities for companies and public institutions at the campus’s Quantum AI center in Iași. Under the agreement cited by Economedia, FreeYa Mind Campus will provide access…
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Romania’s Central Depository targeted in cyberattack
The Central Depository, the entity through which all transactions on the Bucharest Stock Exchange (BVB) are carried out and which manages all data on transactions and contracts, was the target of a cyberattack on Friday, October 16. The attack impacted the Online Services for Investors application, according to the official press release. This application, which…
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Romania’s BMF GRUP acquires ENGIE Building Solutions
BMF GRUP, a local entrepreneurial group founded in 2011, announced that it acquired ENGIE Building Solutions from ENGIE Servicii, a company owned by ENGIE Romania. The transaction was completed on October 15 following approval from the Competition Council, while its financial terms were not disclosed. ENGIE Building Solutions provides integrated technical management and energy services…
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More Romanians have searched for jobs this year
The change compared with 2025 reflects the economic conditions of the past year, with 2026 marked by greater caution in the labour market over plans to expand teams. In terms of applications, the first nine months of the year saw the highest level in the past decade. A total of 10.4 million applications were registered…
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Romania’s PM-designate Luca Niculescu unveils cabinet and governing strategy for parliamentary approval
Composed predominantly of Social Democratic Party (PSD) ministers and based on the Social Democrats’ governing strategy, the government led by Luca Niculescu has secured provisional support from the Liberal Party (PNL), Hungarian party UDMR, MPs representing national minorities and several smaller parliamentary factions. The investiture schedule includes hearings for ministerial candidates in the parliamentary committees…
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Romania’s Nuclearelectrica slashes 2026 profit target by 43% assuming it resumes operations on November 1
Thus, SNN estimated a reduction of 18.4% (over RON 991 million) in revenues from sold production, compared to the approved budget, caused by the unplanned shutdowns of the two reactors during 2026, which determined a decrease of over 25% (2,337 GWh) in the production forecast for the current year, from 9,080 to 6,743 GWh, Profit.ro…
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Romania’s current account deficit widens by 5% y/y in January-August, but deficit-to-GDP ratio eases
However, the current account deficit-to-GDP ratio declined to 5.1% over the period, based on the latest annual GDP data available, from 5.2% in the same period last year. Foreign direct investment inflows contracted to EUR 2.1 billion over the period, from EUR 5.7 billion in the same period last year. On the positive side, equity…
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Romanian Liberals yet to confirm limited support for PM-designate Luca Niculescu
PNL will remain in opposition and support the government’s policies that are in line with its own strategy, party officials explained, as reported by G4media.ro. PNL president Ilie Bolojan announced that the party could vote for the government despite the presence of PSD ministers, in a bid to end the political crisis. In a post…
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Romania prolongs 25% cut in diesel excise duty
“This measure continues the intervention applied in the previous period, in a context marked by pressures on the fuel market. The mechanism is calibrated according to the evolution of international quotations and pump prices, with the aim of limiting their effects on the population and the economy,” the ministry said in a statement. The 25%…