Category: Uncategorized

Romania is reportedly considering launching a Golden Visa program offering temporary residence permits to non-EU investors in exchange for significant financial commitments in the country, Profit.ro reported. According to the draft bill, the scheme – officially called the Residency by Investment Program – would grant citizens from third countries (outside the EU and the European…

Romania’s Social Democratic Party (PSD) may insist on hiking the minimum wage as of January 2026, in line with the national legislation, but also to implement the Directive (EU) 2022/2041 on minimum wage as already envisaged last year. This puts at risk the government’s plans for keeping the wages in the budgetary sector constant until…

Cristian Geanaliu, Executive Director of Global Markets at Garanti BBVA Romania, analyzes the persistent inflation and the ongoing imbalance between monetary and fiscal policies shaping Romania’s economic outlook for 2026. Romania enters the last quarter of 2025 within a complex macroeconomic framework. An inflation rate well above the central bank’s target, high interest rates, a…

One day before the closing of the subscription phase for the IPO at Grup EM, which includes Electromontaj among other companies in the group, reached a subscription level of only a quarter of the total securities put up for sale. The relative caution of investors can be explained by a combination of bad memories from…

Romanian ice cream maker Alpin 57 Lux, an entrepreneurial company taken over in 2016 by Lithuania’s Food Union, will be sold under a regional deal to Froneri – a partnership between the Swiss agri-food giant Nestlé and the investment fund PAI Partners, Profit.ro reported. The investment fund PAG Private Equity, focused on the Asia-Pacific area,…

Finance minister Alexandru Nazare, on a working visit to the United States, announced on Wednesday, October 15, that he met with Paolo Zampolli, president Donald Trump’s representative for Global Partnerships, and with United States treasurer Brandon Beach.  The Romanian official will also hold meetings with representatives of the International Monetary Fund (IMF) and the World…

Romania raised EUR 500 million through a 5-year private external placement with the help of Bank of America as an arranger, towards the end of September, according to Ministry of Finance data consulted by Ziarul Financiar. The interest was set at 6M Euribor plus 2pp, resulting in an interest of about 4%. This is the…

Romania’s industrial output volume index contracted by 3.3% y/y in August, after it boosted positive annual growth rates over the previous three months, according to data published by the statistics office INS. The negative annual growth rate came as a surprise, after the outlook for the country’s industry seemed to have improved over the past…

A fundraising campaign has been launched to support the creation of the Muzeul Fluierelor Lumii/Museum of World Whistles, a unique cultural project in Romania dedicated to preserving and celebrating one of humanity’s oldest musical instruments – the whistle. Titled “Give a leu for the Museum – don’t let the sound of the whistle fade,” the…

The Turceni City Hall signed on Tuesday, October 14, a financing contract with the European Investment Bank (EIB) for a project that aims to create a renewable energy hub, Economica.net reported. The project, worth a total of EUR 380 million, is the first initiative of this magnitude in Gorj County, according to a press release…