Category: Uncategorized
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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%…
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Markets’ sentiment improves after political agreement reached in Romania
Banks also submitted bids totalling five times the target amount for a 36-month bond issue tapped by the Treasury on October 15. The moves came as the main centrist political parties moved towards a political agreement that would pave the way for a minority government, five months after a successful no-confidence motion brought down the…
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Wizz Air temporarily moves Timișoara flights to Arad
Wizz Air confirmed that it will temporarily relocate its flights to and from Timișoara to Arad International Airport between November 2 and 22. The carrier said the move would allow it to maintain international connections for Timișoara and the surrounding region in western Romania during the airport’s temporary closure. The airline said that it updated…
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ING Bank Romania reports 15,000 accounts on newly launched investment platform as interest in investing grows
A total of 15,000 customers have opened an investment account through ING Invest, less than a month after its launch, ING Bank Romania said. The lender’s investment platform is available through its mobile app, and offers access to shares of companies listed on the Bucharest Stock Exchange and major European stock exchanges, as well as…
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BAD: Gregor Schneider exhibition to open in Bucharest next week
BAD, an exhibition by Gregor Schneider, will open at the National Museum of Art of Romania (MNAR) next week. Gregor Schneider is one of Germany’s best-known contemporary artists. A professor at the Kunstakademie Düsseldorf, he was awarded the Golden Lion at the Venice Biennale for his work Totes Haus u r, presented at the German…