Category: Uncategorized
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Romania’s new government defers publishing ruling strategy
Romania’s new government, backed by the four pro-Western parties in Parliament holding a majority of 65%, has not published its ruling strategy, while versions of it have leaked to the media, providing a broad image but not very specific details. Notably, the strategy is expected to incorporate the elements outlined in the updated fiscal plan…
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Romania’s ruling coalition endorses new government with robust majority
Romania’s new government, headed by prime minister Ilie Bolojan and backed by the four pro-Western parties in Parliament, was endorsed with a majority of 65% of the votes (301 of 465 MPs) and already held its first meeting on Monday, June 23, according to Hotnews.ro. The endorsement procedures were quick after president Nicusor Dan nominated…
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EBRD reviewing multiple binding offers for Moldova’s Giurgiulesti port
The European Bank for Reconstruction and Development (EBRD) announced on June 23 that it has received “multiple binding offers” for the acquisition of Giurgiulesti International Free Port (PILG), Moldova’s main port. Romanian and Bulgarian ports have expressed their interest in PILG in the past, but the EBRD has not provided details about the offers received.…
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OMV Petrom partners with Enery to develop EUR 200 mln solar project near Sofia
OMV Petrom (BVB: SNP), the largest integrated energy producer in South-Eastern Europe, announced it has entered into a partnership with renewable energy company Enery to jointly develop a 400 MW photovoltaic project in Byala Slatina, near Sofia, Bulgaria. The project is estimated to cost EUR 200 million, the company confirmed on June 24. As part…
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Number of micro-enterprises in Romania drops to one-third since 2022
The number of micro-enterprises in Romania has dropped significantly to 326,461 in 2024 from a peak of over nearly 900,000 in 2022, according to Profit.ro. The decline follows successive tax regime restrictions introduced by the Romanian government in response to pressure from the European Commission. The European Commission has long criticised Romania’s micro-enterprise regime, claiming…
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Romania submits bid to host Black Sea AI Gigafactory under EU InvestAI initiative
Romania has formally submitted a bid to host a new AI Gigafactory under the European Union’s InvestAI Facility, the Ministry of Economy, Digitalisation, Entrepreneurship and Tourism announced on June 23. The proposed Black Sea AI Gigafactory would support the EU’s goal of technological sovereignty while fostering regional cooperation in artificial intelligence development. The letter of…
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Romanian president Nicușor Dan attends NATO summit in The Hague
Romanian president Nicușor Dan takes part in the NATO summit of heads of state and government held on June 24-25 in The Hague, Netherlands. The high-level meeting is expected to reinforce the unity and solidarity among NATO Allies, as well as the strength of the transatlantic bond. “For Romania, NATO membership has provided the most…
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Romanian National Bank marks RON 3.8 bln profit in 2024, up 58% YoY
The National Bank of Romania (BNR) ended 2024 with a profit of roughly RON 3.8 billion (EUR 760 million), a 58% increase compared to the previous year, despite the operations it performed to maintain the national currency’s stability. The figures, published in a report on Monday, June 23, show that operating costs for 2024 were…
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Survey: Over half of Romanians trust US and UK, only 11% trust Russia
Over half of Romanians trust the United States and the United Kingdom, according to the Informat.ro – INSCOP Research Barometer conducted between May 26–30, 2025. Only 11% trust Russia, with higher levels of trust from among far-right voters of the Alliance for the Union of Romanians (AUR) party. The United States is trusted by 52.8%…
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Romania’s Prahova County launches project for cycling routes linking vineyard towns
Prahova County launched construction on a major cycling infrastructure project aimed at connecting local vineyard towns and promoting green mobility and sustainable tourism. The initiative, titled “Establishment of Bicycle Lanes on Bachus’s Route,” represents an investment of over RON 25 million, with RON 21 million coming from non-reimbursable funds provided by the Environmental Fund Administration.…