Category: Uncategorized
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Romanian president Nicuşor Dan to meet Emmanuel Macron during visit to France
Romanian president Nicuşor Dan is paying an official visit to France on Monday and Tuesday, with a schedule that includes meetings with French leader Emmanuel Macron, Paris mayor Anne Hidalgo, and members of the Romanian community, News.ro reported. The trip aims to strengthen bilateral ties and expand cooperation with French institutions and businesses. According to…
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Profit share in Romania drops to 48.1% in 2024 but remains among highest in Europe
Romania’s profit share, defined as the proportion of value added distributed by non-financial corporations to capital rather than labour, fell for the second consecutive year to 48.1% in 2024, Eurostat reported on December 7. The ratio was 40.0% on average in the European Union, with below-average ratios in more developed countries such as France (32.2%)…
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Romania’s High Court refers magistrates’ pensions law to Constitutional Court
The pension law “brutally violates the independence of the judiciary” and “de facto eliminates the service pension for magistrates,” according to the reasoning published by the High Court (ICCJ) along with its decision to refer the magistrates’ pensions law to the Constitutional Court, Ziarul Financiar reported. The Constitutional Court will rule on the ICCJ’s objections…
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Romanian state to buy out minority shareholder at Bucharest Airports
The Romanian state, in a document on December 5, expressed its intention to take full control of the National Airports Company of Bucharest (CNAB), which operates Otopeni Airport and Baneasa Airport, where the minority shareholder Fondul Proprietatea has a 20% stake, Ziarul Financiar reported. The announcement pushed up 2.6% the price of FP’s shares, as…
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Romania shortlists 17 state-owned companies for reform
Romania’s Interministerial Committee for Supporting the Implementation of Reform 9 (CNR9), led by deputy prime minister Oana Gheorghiu, has selected 17 state-owned enterprises from a total of about 1,500 to undergo initial screening ahead of potential restructuring or liquidation. The decision marks the first stage of a wider overhaul programme announced by prime minister Ilie…
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Romania’s retail sales down 4.7% y/y in October despite gradual recovery after VAT rate shock in August
The retail sales volume index in Romania recovered for the second consecutive month in October, when it increased by 0.9% m/m after the 1.3% m/m advance in September – but it was far from fully recovering the 4.0% m/m plunge seen in August as an effect of higher VAT rate enforcement amid already negative consumer…
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Romania’s total market production index up 4.2% y/y in Q3
Romania’s total market production index (TMPI), a composite indicator compiled by Eurostat that combines four short-term business statistics indicators covering most of the market economy, increased by 4.2% y/y in Q3 – the sharpest rise in seven quarters (+0.3% y/y in Q2) and twice the 2.1% average advance in the European Union. The seasonally-adjusted index…
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Romania confirms Q3 economic growth driven by constructions and agriculture
Romania’s statistics office confirmed the 1.6% GDP growth (+1.2% y/y under the chain-linked volume or CLV methodology used by Eurostat) for the third quarter of the year (Q3), half of which was the result of outstanding activity reported in construction. The positive base effects in agriculture (weak crops last year) and marginal improvement in industry…
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Who is Ciprian Ciucu, the new general mayor of Bucharest?
Ciprian Ciucu, the Liberal (PNL) mayor of District 6, secured more than 36% of the votes in the December 7, 2025, partial local elections, earning him the position of Bucharest’s new general mayor. The victory marks a significant step in his political career that began 25 years ago and has steadily moved from local administration…
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Exit poll gives liberal candidate Ciprian Ciucu as the new general mayor of Bucharest
The exit polls published on Sunday, December 7, at 9 PM, give Ciprian Ciucu as the winner of the elections for Bucharest’s new general mayor. The candidate backed by the center-right National Liberal Party won 32.7% of the votes, over 6% ahead of Daniel Băluță, who was backed by PNL’s coalition partner, the Social Democratic…