Category: Uncategorized

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The current account (CA) deficit contracted by 39% y/y to EUR 1.9 billion in June, driven by a 7.9% smaller deficit in the trade in goods (EUR 2.5 billion), according to data published by the National Bank of Romania (BNR). The CA gap in rolling 12 months decreased to EUR 31.8 billion in June from…

Romania’s industry grows for third consecutive quarter, by 1.8% q/q in Q2

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Romania’s industrial production volume index, adjusted for seasonality and workdays, increased by +1.8% q/q in Q2, marking the third consecutive growth of positive dynamics according to data published by the statistics office on August 14. Compared to the same period last year, the output was 0.3% lower (-3.7% y/y in Q1) while it lagged by…

Fitch affirms Romania’s fragile rating, expects 7.4% of GDP deficit this year and 6.3% in 2026

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Romania’s general government budget deficit (ESA terms) would reach 7.4% of GDP this week and 6.3% in 2026, even with only the first fiscal consolidation package legislated in July, international rating agency Fitch commented on August 15 when it affirmed Romania’s fragile BBB-/negative sovereign outlook on an overly optimistic note. The government is preparing further…

City Grill Foundation supports education and social inclusion. Strategic Partnerships with the Royal Margareta of Romania Foundation and the Metropolis Foundation

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Established in May 2024, coinciding with the 20th anniversary of City Grill Group, the City Grill Foundation strengthens its mission to support projects with a real impact on the community through partnerships with organizations recognized for their achievements in education and social inclusion. The most recent collaborations with the Royal Margareta of Romania Foundation and…

Buying pre-loved clothes is also new cool in Romania

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Sales of second-hand clothes, shoes, and other products have doubled in the last five years, reaching RON 1 billion (EUR 200 million), according to statistical data provided by the Bridge to Information platform based on official statistics, as quoted by Ziarul Financiar. The market may actually be two to three times larger, however. The figures…

Foreign minister says Romanian president Nicușor Dan likely to visit US in early 2026

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Romania’s foreign minister Oana Țoiu said on Sunday, August 17, that president Nicușor Dan is expected to visit the United States and meet with president Donald Trump in the first quarter of 2026. Speaking on TVR Info, Țoiu said preparations for the visit are already underway, with her upcoming trip to Chicago on September 20…

Wizz Air announces its largest expansion in Romania for winter season 2025

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Low-cost airline Wizz Air, a major operator in Romania, announced the largest expansion of its network in the country so far for the 2025 winter season on Thursday, August 14. The expansion includes 15 new routes from all over Romania to destinations in the EU. The new routes will connect Bucharest Otopeni, Cluj-Napoca, Iași, and…

Declic Community contests appointment of controversial judge as president of Romania’s High Court

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Social and political activists within the Declic Community have contested the appointment of controversial judge Lia Savonea as president of the High Court in Romania with the Superior Council of Magistracy, or CSM. The motion to contest Savonea’s appointment is based on several irregularities in the appointment process. The legal action is supported by a…

Less than 1% of Romanian teachers pursue postgraduate studies, report shows

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According to data from the Ministry of Education’s report on the state of higher education in Romania, for the years 2022–2023, only 1,948 out of a total of 240,000 teachers in state education in Romania have completed postgraduate studies and courses. As such, only 0.8% of all teachers at the national level follow advanced forms…

The Yellow Tie: First look at film inspired by Romanian conductor Sergiu Celibidache, starring John Malkovich

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