Category: Uncategorized

Romanian households purchased RON 2.2 billion (EUR 440 million) of government bonds denominated in local currency and euros under the March issue of the Fidelis scheme (bonds listed at the Bucharest Exchange), Economica.net reported.  The March issue under the Tezaur scheme, under which households can buy government bonds with the same coupons (but the bonds…

The net foreign direct investments (FDI) to Romania contracted by 53% y/y to EUR 538 million in January, resulting in a total of EUR 5.1 billion (-28% y/y) in 12 months to the end of the month, according to data published by the central bank BNR. Out of the FDI in the 12 months to…

Romania’s current account (CA) deficit has widened by 16% y/y to EUR 1.65 billion in January, after the 37% y/y surge in 2024, according to data published by the central bank BNR.  The improvement in Romania’s external balance, expected for this year, is not yet visible in the January CA figures. The country’s GDP is…

The isolationist far-right candidate, be it George Simion or Anamaria Gavrila, would win the first round of the presidential elections – but not at a wide margin, and either of them would lose in the second round against Bucharest mayor Nicusor Dan, according to a poll carried out by AtlasIntel for Hotnews.ro between March 13-15.…

The Ministry of Energy has mandated state-controlled Romgaz (BVB: SNG), the largest natural gas producer in Romania, to evaluate the takeover of the largest fertilizer production plant for Romanian agriculture, Azomureș, energy minister Sebastian Burduja said, according to Economedia.ro.  Romgaz published an announcement in the Electronic Public Procurement System for consultancy services in the evaluation,…

The integrated steel mill Liberty Galați in Romania, one of the last crude steel producers in the region, will provide raw materials for the Romanian defense industry, announced the minister of economy, Bogdan Ivan, Profit.ro reported. The government will also help the company, which recently announced pre-insolvency procedures to address weak demand and effects of…

Ukraine’s Security Service has banned Diana Șoșoacă, the leader of the far-right party SOS Romania, from entering the country due to her repeated anti-Ukrainian and pro-Russian statements. The entry ban is valid for three years, according to the official announcement. The Ukrainian Security Service said Șoșoacă supports the Russian war against Ukraine and questions Ukraine’s…

The 10th edition of the Jazz in the Church festival will be held at the Lutheran Church in Bucharest from May 8 to 11, 2025, featuring a mix of artists recognized for their contributions to European jazz, as well as new artists. Among the major names on the lineup are Swiss artist Nik Bärtsch and…

The Hanwha Group, a major South Korean arms manufacturer, intends to build an arms factory in Romania’s southern Dâmbovița county within two years, with the prospect of it becoming a regional hub for systems, maintenance, and repairs. The announcement was made by Michael Coulter, CEO of Hanwha Global Defense, during a meeting with Romanian journalists. “In…

The famous Constanța Casino on the Romanian Black Sea coast has been fully restored and will be officially handed over to the Constanța City Hall in the coming days, the Ministry of Development has announced. The final inspection for the completion of the restoration work is scheduled for March 20, marking the last step before…