Category: Uncategorized

The government of Romania has approved an emergency ordinance stipulating that the state can legally take over the functional assets of companies declared by the executive as being of strategic interest, in bankruptcy, and that can produce for the defence industry, paying no more than the price established by their liquidation valuation report, according to…

Romania’s central bank is estimated to have spent between EUR 1.5 billion and EUR 2 billion in April to stabilise the local currency RON and manage capital outflows triggered by mounting political uncertainty, Economica.net reported, citing calculations based on official reserve data published by the National Bank of Romania (BNR). The interventions must have continued during…

Romania’s BCR Manufacturing PMI has further improved to 47.5 points in April from 46.6 points in March and an absolute low value of 45.3 points in February, while remaining deep in the contractionary half of the scale with the Middle East war dragging down the overall performance and external demand acting as the sole positive…

Romanian writer Ana Blandiana has been named the 2026 laureate of the Zbigniew Herbert International Literary Award, one of Poland’s most prestigious distinctions for poetry. The prize recognizes a living author for their entire body of work, according to the announcement from the Romanian Cultural Institute (ICR). The award ceremony is scheduled to take place…

The legal framework regarding the access of third-country nationals to the Romanian labour market has been substantially amended by the emergency ordinance (OUG) 32/2026, published in the Official Gazette on April 27.  The new regulation brings major changes in procedures, obligations for employers, and sanctions, and companies that use labour from outside the EU are…

Romania will maintain its Western orientation regardless of the outcome of the upcoming no-confidence vote, president Nicușor Dan said on Monday, May 4. His remarks came a day before Parliament is set to debate and vote on a motion against the government led by Liberal (PNL) prime minister Ilie Bolojan. Romania is facing political uncertainty…

The international event dedicated to new music worldwide, the International ISCM World New Music Days – “The Endless Column,” will take place this year in Bucharest, between May 23 and 31.  The festival is organized every year by a different host country that is a member of the International Society for Contemporary Music (ISCM). Since…

The Netherlands remains the largest foreign investor in Romania, with approximately 20% of total foreign direct investments, worth over EUR 25 billion, said Șerban Isopescu-Weber, president of the Board of the Romanian-Dutch Chamber of Commerce, or NRCC. The investments are “a sign of confidence from the Dutch business community in Romania’s potential. Interest continues to…

The Dacian fortress Sarmizegetusa Regia, in the Orăștie Mountains, central Romania, is temporarily closed to the public between May 4 and June 30, with tourist access to the site being possible only on weekends, according to the Hunedoara County Council. The temporary restrictions are due to conservation and restoration works, which will take place at…

Romania’s currency weakened further on Monday, May 4, with the exchange rate reaching a new historic low of RON 5.199 per EUR, according to the National Bank. The latest figure marks a sharp increase from RON 5.14 per EUR at the end of last week, highlighting mounting pressure on the national currency. Over the past…