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Women represent just over 1 in 5 investment professionals (21%), while only 12% of senior managers are women (11 out of 90), according to the 2025 report Gender Diversity in Private Equity and Venture Capital in Romania launched by Level 20 CEE – Romania and the Romanian Private Equity Association (ROPEA). The research, covering the…

On Friday, June 6, the Cluj Court of Appeal heard the appeal filed by former health minister Sorina Pintea in the case in which she was accused of bribery, upholding the sentence decided by the Cluj Tribunal a year ago: 42 months of jail with execution. At the same time, the court decided to confiscate…

Romania’s retail sales volume index increased by 0.4% y/y in April 2025, after the annual growth rate had decelerated to +3.5% y/y in Q1 from an average of +8.6% y/y in 2024, according to data published by the statistics office INS. Sales readings will likely remain weak in May, reflecting households’ concerns ahead of the…

Because of the slower-than-anticipated GDP growth in Q1 (+0.3% y/y) and also accounting for high-frequency data signals for the second quarter, Erste Group has revised its full-year GDP growth forecast for this year to 1.3% from 1.8%. This is close to the government’s 1.4% revised forecast issued in May.  Due to the much-anticipated fiscal consolidation…

Romania’s GDP increased by an average of 0.1 q/q over the past five quarters to Q1 2025, when it posted a meager 0.3% y/y advance and quarterly standstill (+0% q/q), according to data published by the statistics office INS. The new data provides details on specific formation and utilization segments but confirms the overall economic…

Cristian Chivu has been named head coach of Inter Milan’s First Team, marking a new chapter in his long-standing relationship with the club. The 43-year-old Romanian has signed a contract with Inter until June 30, 2027. “During his life, Cristian Eugen Chivu has faced major challenges and defining moments that shaped him, both as a…

Following the publication of the detailed Q1 GDP figures (+0.3% y/y), ING Bank Romania revised its 2025 GDP growth forecast for Romania to 0.8% from 1.2% on June 6, reflecting weak momentum and growing downside risks. The bank maintains its 2026 estimate at 2.2%. The publication of Romania’s detailed GDP data for the first quarter…

Romania’s Court of Accounts has identified significant deficiencies in the operations of the National Agency for Fiscal Administration (ANAF) during 2023, according to findings from a compliance audit quoted by Ziarul Financiar on June 6. The audit report highlighted problems across several critical areas, including the accounting of state revenues, tax risk assessment, transfer pricing…

The technical committee formed by the political parties “that could form the future governing coalition” in Romania continues negotiations after one week, presidential advisor Radu Burnete announced on June 9 in a Facebook post – at the time when the parties were supposed to announce a first draft of the agreement.  The delay and the…

A total of 41.7% of Romanians consider the possibility of Romania being involved in a war as their primary concern, according to a survey conducted by INSCOP Research between May 26 and 30. The figure is nearly three times higher than the next most frequently cited concerns – healthcare and rising prices (around 15% each)…