Category: Uncategorized
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Bucharest authorities set to gradually restrict access of most polluting vehicles to the city
Bucharest City Hall is set to implement a low-emission zone across the entire metropolitan area, gradually restricting access to the city for the most polluting vehicles, Profit.ro reported. The design, promotion, and implementation of the new policy will take place over roughly two years. The plan includes a clear timeline for a phasing out based…
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Romania joins EU initiative to boost trade with Ukraine through export guarantee facility
Romania has officially joined a European Union initiative aimed at strengthening trade with Ukraine, as Exim Banca Romaneasca signed on to the InvestEU Ukraine Export Credit Guarantee Facility. The program, backed by the European Investment Fund (EIF), is designed to support companies exporting to Ukraine amid the ongoing war and the country’s reconstruction efforts. Exim…
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Brâncuși exhibition to open at H’ART Museum in Amsterdam this fall
Brâncuși – The Birth of Modern Sculpture, an exhibition held in collaboration with the Centre Pompidou, is scheduled to open at the H’ART Museum in Amsterdam on September 20. It is the first solo exhibition of the Romanian-born artist’s work in the Dutch capital and the second in the Netherlands after a retrospective in The…
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Romanian president challenges law on combating fascists, legionary propaganda at Constitutional Court
Romanian president Nicușor Dan has sent a law to the Constitutional Court (CCR) that criminalizes the online distribution of fascist, legionary, antisemitic, or xenophobic content, citing concerns over vague definitions and potential violations of free speech, Biziday.ro reported. One of the most significant changes introduced by the bill is the introduction of prison sentences ranging…
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Romanian president takes part in video call with major allies to discuss support for Ukraine
Romanian president Nicușor Dan participated on Thursday, July 10, in a video call with other EU and American leaders who want to provide Ukraine with additional support. Also on the call were British prime minister Keir Starmer, French president Emmanuel Macron, US special envoy on Ukraine Keith Kellogg, and two US senators. During the call,…
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Romania’s central bank to launch nationwide survey on household wealth and consumption
The National Bank of Romania (BNR) has launched a public tender worth RON 6 million to conduct a nationwide statistical survey aimed at assessing household wealth, financing, and consumption patterns, according to procurement documents published in the national electronic procurement system SEAP. The initiative is part of Romania’s efforts to align with Guideline (EU) 2025/333…
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Romanian CFA Society chief sees yearend inflation at 8% with upward risk
Inflation will reach at least 8% in 2025 (yearend data), but there is a risk that the generalized increase in prices will rise to 10-11%, according to Adrian Codirlaşu, president of the CFA Romania association of financial analysts, speaking on the business show Ziarul Financiar Live about the impact on the economy of the fiscal measures…
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Romania’s revised Q1 GDP shows slower consumption growth
Romania’s revised Q1 GDP data confirm the slow (+0.3% y/y) annual growth and the stagnation (+0.0% q/q) of the seasonally adjusted data but brings two adjustments that correlate between themselves: services to households (including trade) contracted by 1% y/y compared to a marginal (+0.1% y/y) increase estimated initially and the households actual individual consumption increased…
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Romania’s trade deficit to GDP ratio up 0.7 pp to 9.9% in 12 months to May
Romania’s foreign trade in goods picked up in May, with the annual growth rates for both exports (EUR 8.00 billion, +10.6% y/y) and imports (EUR 10.73 billion, +5.0% y/y) enhanced by Easter (celebrated in April this year but in May last year). The trade deficit, on an upward trend, took a break and contracted by…
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Two anthrax cases confirmed in Romania
The Cantacuzino National Institute for Medical-Military Research confirmed on Thursday evening, July 10, two cases of anthrax in patients currently hospitalized at the Matei Balș National Institute for Infectious Diseases in Bucharest. The Ministry of Health announced that both individuals are in stable condition and under close medical supervision. One of the patients has a…