Category: Uncategorized

Chinese electronics manufacturer Luxshare has acquired a 50.1% stake in German automotive cable producer Leoni AG, which operates several large-scale production facilities in Romania employing thousands of workers, Profit.ro reported. The majority share was purchased from Austrian entrepreneur Stefan Pierer, who previously held full ownership of Leoni through his group.  The strategic transaction marks Luxshare’s…

Inflation will reach at least 8% in 2025 (yearend data), but there is a risk that the generalized increase in prices will rise to 10-11%, according to Adrian Codirlaşu, president of the CFA Romania association of financial analysts, speaking on the business show Ziarul Financiar Live about the impact on the economy of the fiscal measures…

Romania’s revised Q1 GDP data confirm the slow (+0.3% y/y) annual growth and the stagnation (+0.0% q/q) of the seasonally adjusted data but brings two adjustments that correlate between themselves: services to households (including trade) contracted by 1% y/y compared to a marginal (+0.1% y/y) increase estimated initially and the households actual individual consumption increased…

Romania’s foreign trade in goods picked up in May, with the annual growth rates for both exports (EUR 8.00 billion, +10.6% y/y) and imports (EUR 10.73 billion, +5.0% y/y) enhanced by Easter (celebrated in April this year but in May last year). The trade deficit, on an upward trend, took a break and contracted by…

The Cantacuzino National Institute for Medical-Military Research confirmed on Thursday evening, July 10, two cases of anthrax in patients currently hospitalized at the Matei Balș National Institute for Infectious Diseases in Bucharest. The Ministry of Health announced that both individuals are in stable condition and under close medical supervision. One of the patients has a…

One of the bear cubs left orphaned after their mother was shot and killed following the deadly attack on the Transfăgărășan mountain road last week was found alive on Thursday, July 10. Extremely weak, hungry, and frightened, the cub is now safe and receiving care at the AMP Libearty Zărnești sanctuary. The three cubs, only…

Villages in Romania will host the third edition of The Night of Museums in Villages on September 6, 2025, an event dedicated to rural heritage and the communities that keep it alive. The event, organized by the Da’ De Ce Association, invites visitors to discover living history, local collections, village stories, and the people who…

Blue Air Aviation S.A. has officially entered bankruptcy following a decision approved by its creditors and announced by Infinexa, the Romanian company appointed as judicial administrator. Infinexa, which specializes in restructuring and financing distressed businesses, cited the airline’s failure to secure a strategic investor and its mounting losses as key reasons for initiating the proceedings.…

The rating agency Moody’s, which, among others, analyzes the viability of states as debtors, welcomed the fiscal measures adopted by the Romanian government toward budgetary balance, according to a press release from the Ministry of Finance. Moody’s estimates that, if the package is fully implemented, the budget deficit could be 7.8% of GDP by the end of…

Large French retailer Carrefour introduced the first smart shopping cart system in Romania on Thursday, July 10.  Available exclusively in the hypermarket in Corbeanca, a town in the north of Bucharest, the Smart Cart functions like an integrated shopping assistant, which optimizes the route in the store, displays the products available, and shows the value…