Category: Uncategorized
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Romania’s ruling coalition speeds up legislation of second package of budgetary measures
Romania’s ruling coalition will make a final decision on the magistrates’ pensions law after president Nicusor Dan meets magistrates on November 18 and will most likely promote the law on public administration employment in Parliament next week, according to media reports from prime minister Ilie Bolojan and other sources familiar with the negotiations. The coalition…
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Sales of Romanian City Grill Group up 13% y/y to EUR 63.5 mln in January-October
The restaurant chain with entirely Romanian capital, City Grill Group, announced that it ended the first ten months of the year with a turnover of EUR 63.5 million, up 13% compared to the same period last year. The results “confirm the group’s stability in a year marked by challenges for the hospitality industry and consolidation,”…
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Sphera Franchise Group posts record third-quarter results amid tighter cost controls
Sphera Franchise Group (BVB: SFG), Romania’s largest food service operator, reported record third-quarter results for 2025, marking its strongest Q3 performance to date in terms of sales and profitability. The company said on November 17 that the improvement reflects stricter cost discipline and rising contributions from its operations in Italy and the Republic of Moldova.…
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Revenues, profit of Romania’s Hidroelectrica drop in January-September but not below target
Hidroelectrica (BVB: H2O), the largest state-owned company in Romania, recorded lower operational and financial results in the first nine months of 2025 compared to the same period last year, but in line with the amended budget approved on October 31. The company’s net profit fell by 34% y/y, to RON 2.3 billion, and earnings per…
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Romania’s Romgaz may place binding bid for Azomureș by year-end, pending final due diligence results
State-controlled gas producer Romgaz (BVB: SNG) may officially submit a binding offer to acquire fertiliser plant Azomureș by the end of the year, provided the final stages of its due diligence process confirm the financial, legal, and operational feasibility of the transaction. The update was provided by Gabriela Mareș, Romgaz’s Director of International Relations and…
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Tosmur Grup to complete EUR 86 mln expansion of Medgidia starch operations by year-end
Turkish group Tosmur Grup is close to completing a second production unit at its starch factory in Medgidia, an investment of EUR 86 million that will double the site’s current capacity by the end of this year, Ziarul Financiar reported. The project expands the company’s operations in southeastern Romania, where it has been active since…
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Romania’s 2026 budget planning may not be ready before January
Romania’s prime minister Ilie Bolojan, in a press conference on November 17, announced that the next year’s budget planning might not be approved in December but rather in January after having legislated the entire set of budgetary measures that should generate a predictable budgetary construction for 2026. Bolojan made the comments while attending the General…
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EC halves growth forecast for Romania amid contractionary fiscal stance in 2025-2026
The European Commission, under its Autumn Forecast published on November 17, cut the projections for Romania’s economic growth to 0.7% in 2025 and 1.1% in 2026, half the expectations included in the previous May 19 Spring Forecast. The growth would nearly double to 2.1% in 2027. The revised projection incorporates the fiscal slippage in 2024-2025…
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17 candidates cleared for Bucharest mayoral race
The Bucharest Municipal Electoral Office announced late Monday, November 17, that it has validated 17 of the 20 candidacies submitted for the capital’s race for the general mayor seat, including those of the main contenders. Two applications were rejected, and one was postponed for further review, News.ro reported. The deadline for submitting candidacies for the…
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Romanians to also face economic difficulties next year but 2027 more hopeful, president says
Romanians are worse off now compared to 6 months ago, and 2026 will also be difficult, but from 2027 and then on, there is hope, said president Nicusor Dan during an interview with Romania TV. The government targets a deficit of 8.4% of GDP this year, marginally below 8.65% of GDP in 2024. To tackle…