Category: Uncategorized

The volume of construction works in Romania increased by 6.1% y/y in February and by 16.7% y/y in January-February, according to data published by the statistics office INS. The high growth rates, particularly in January (+33.3% y/y), come amid seasonally subdued (thus more volatile) construction works activity in the first quarter of the year and…

The World Bank (WB) revised downward its outlook for Romania’s economic growth in 2025-2026 as part of a broader deterioration in the region’s economic prospects, under the Europe and Central Asia (ECA) Economic Update published on April 23. Romania’s economic growth would be the lowest among the region’s countries in each of the two years.…

A 2 percentage point (pp) rise in the value added tax (VAT) rate to 21%, along with an increase in other tax rates, is imminent and could be announced in May, possibly sooner, according to Economica.net. Disappointing Q1 budget execution data, such as the 2.3%-of-GDP deficit mentioned by Profit.ro citing sources within the Finance Ministry,…

Romania’s general government budget deficit reportedly rose by 22% y/y to RON 44 billion (EUR 0.9 billion), accounting for 2.3% of GDP in Q1 (2.05% in Q1 2024), according to Profit.ro quoting sources within the Finance Ministry.  The figure would mark a significant deterioration, forcing the government to announce a new fiscal corrective package, including…

Romanian citizens residing in Bucharest can apply for the new electronic ID card (Carte Electronică de Identitate – CEI) starting Thursday, April 24, the Interior Ministry announced. Authorities estimate that the new ID will be available nationwide through the local public community services for personal records within the next two months. Romania began issuing the…

Bucharest hosts another Open Streets weekend, a large pop culture convention, and one of the year’s top running events, while a festival of marching bands is on in Timişoara. In Bucharest: East European Comic Con  April 25 – April 27 The celebration of movies, series, gaming, the internet culture, boardgames, TCG, Asian culture, and more…

Interim president Ilie Bolojan has convened the Supreme Council of National Defense on Wednesday, April 30, to discuss essential defense topics such as Romania’s participation in the ReArm Europe Plan/Readiness 2030, the draft Law on National Defense of Romania, and the National Plan on Military Mobility. Other topics concern the draft Law on certain measures…

The photography exhibition World Unseen, which allows both blind and sighted visitors to experience images through touch and sound, is opening its doors in Iași after attracting over 100,000 visitors in Bucharest. Hosted at the Palace of Culture, the exhibition will be on display from April 29 to July 29. Organized by Canon Romania in…

Brașov-Ghimbav International Airport in central Romania recorded a total of 56,897 passengers in the first quarter of this year, more than double the number from the same period in 2024, when 27,885 travelers were registered. According to statistics published by the Romanian Airports Association, the Brașov-Ghimbav Airport has returned to 9th place in the national…

DAAS Epta Romania, part of the international Epta group, is set to open the first Training Center for refrigeration technicians in the country with an EUR 500,000 investment. The company also announced the accelerated expansion of the remote monitoring service center, or TLM. The Training Center is a pilot project developed based on the model…