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Prices for an array of goods and services will rise in August after the Romanian government increased VAT and excise duties. Train tickets, communications, retail goods, and health contributions for previously exempted categories are set to take effect. To tackle an out-of-control deficit, the government decided to increase the standard VAT rate from 19% to…

US Secretary of State Marco Rubio, on July 31, had a conversation with Romanian Foreign Minister Oana Țoiu about the most important aspects of bilateral relations. In a post on X, Țoiu said her visit to the US, planned for September, would prepare President Nicușor Dan’s official visit to Washington early next year. I had…

The volume of building permits for retail spaces in Romania, measured in square meters, surged by 53% y/y to 303 thousand square meters in H1, according to data published by the statistics office INS. The number of projects rose by 42% y/y to 261. The residential construction segment, driven by the individual (as opposed to collective)…

Romania has completed the renegotiation process of the National Recovery and Resilience Plan (NRRP) with the European Commission, a process that has been going on for more than a year, Minister of Investments and European Projects Dragoș Pîslaru said on July 31, during a press conference, according to Economedia. He implied that, despite the delays…

Romanian technology group Visual Fan, best known for its consumer electronics brand Allview, announced that it has signed a partnership with Trina Storage, the energy storage division of the Chinese company Trina Solar, for the development of a battery energy storage system in Topliţa, with a capacity of 65 MWh. This is the first project…

Romanian energy group OMV Petrom (BVB: SNP) announced its sales revenues dropped by 7% y/y in Q2, resulting in a 1% y/y contraction to RON 17.0 billion (EUR 3.4 billion) in the whole H1, while its net profit plunged by 17% y/y in Q2 and 21% y/y to RON 2.1 billion in H1, according to…

Wizz Air will add a route connecting Brașov, in central Romania, to Katowice, in Poland, beginning next year, the Brașov International Airport announced. The route will become operational on March 31, 2026, with flights operating every Tuesday, Thursday, and Saturday. In the upcoming winter season, the airline will operate seven routes to five countries from…

IT Genetics, a company specializing in digitalizing services, aims to have its shares tradable at the Bucharest Stock Exchange by the end of this year, with the amount to be raised estimated at approximately EUR 2 million.  The ITG group will be listed, not just IT Genetics, which is nevertheless the main pillar of the…

Romania’s current transport minister, the Social Democrat Ciprian Șerban, offered bribes to representatives of a forest district in Iași County as a young businessman in 2012, according to recently surfaced documents and recordings. Șerban gave bribes at least six times before reporting the offense to the National Anticorruption Directorate. He did so only after being…

BRD Groupe Societe Generale, the fifth largest bank in Romania by assets, registered a net profit of RON 764 million (EUR 150 million), up 10% compared to the same period in 2024. The net loan portfolio, including leasing financing, increased by 17.4% during the mentioned period, marking a significant growth in corporate lending by 23.8%…