Category: Uncategorized

National Bank of Romania (BNR) governor Mugur Isărescu has urged the parties that formed Romania’s former governing coalition to return to negotiations and avoid public statements that could damage the country’s economic interests. Speaking at a press conference on Thursday, August 13, Isărescu warned that political comments can affect Romania’s financial standing, particularly during periods…

The National Bank of Romania (BNR) in its August 13 quarterly Inflation Report raised its forecast for end-2026 inflation by 0.6 percentage points to 6.1%, as governor Mugur Isărescu said the economy remained below potential amid fiscal consolidation and supply-side shocks. The new forecast, presented by Isărescu, puts inflation further above BNR’s previous projection of…

Romania’s Q2 GDP recorded a decrease of 0.4% y/y under the previous-year-prices methodology, and by 2% y/y under the chain-linked-volumes methodology, the statistics office INS announced on August 14 under its flash estimate. The seasonally adjusted GDP (chain-linked-volume methodology) remained constant in Q2, compared to Q1, after two consecutive quarters of negative growth (technical recession). In…

The Bucharest public can discover the city’s urban art through a series of guided tours and events organized as part of the project Un-hidden Bucharest. Inspired by Constantin Brâncuși’s legacy, the project invites the public to take part in five guided tours, discover a multidisciplinary artistic intervention, an exhibition, two interdisciplinary performances and two discussions,…

Romania’s Ministry of Finance will cut the excise duty on standard diesel by 20% from August 16 to August 31, following a rise in international diesel quotations and domestic pump prices, the ministry said. The temporary reduction amounts to RON 561 per 1,000 litres, bringing the applicable excise duty to RON 2,243 per 1,000 litres,…

Romania’s industrial production index contracted by 4.6% y/y in the second quarter (Q2) of 2026, marking the steepest decline since the lockdown in 2020, according to data published by the statistics office INS. In seasonally-adjusted terms, industrial output decreased by 0.4% q/q.  In the core manufacturing sector, the production index plunged even more steeply, by…

The first edition of the Parasport Romania Games, the only national multi-sport para competition, is scheduled to take place in early September. Unlike competitions previously organized separately for each sport, the event will host multiple competitions simultaneously. The event gathers ten para sports and is meant to establish “a common platform dedicated to competition, performance…

Several Romanian films have been selected in sections of this year’s Sarajevo Film Festival, while others will be screened at the event outside of competitions. The feature film This Is Not Your Place Here, directed by Florin Șerban, has been selected for the official competition of the event. The film will have its international premiere…

MMB Showcase Festival, the festival associated with the Mastering the Music Business (MMB) conference, returns to Bucharest in early September with three nights of concerts at Club Expirat. The festival brings to the stage rising bands and artists from countries such as Romania, the Republic of Moldova, Germany, Greece, Estonia, Serbia and Bulgaria, in a…

Drone remains were discovered in the sea, close to Romania’s Costinești beach, on the Black Sea shore, on Thursday, August 13.  The device was first noticed by employees in the area earlier in the morning. Initially, whether or not the device was a drone was not clear. Lifeguards then notified the authorities at around 8:15…