Category: Uncategorized

The impact of the reform in local and central public administration will be about RON 3.5-4.5 billion (EUR 0.7-0.9 billion or up to 0.2% of GDP), announced the minister of development, Cseke Attila, according to Economedia.ro. “The impact on measures regarding local public administration generates RON 1.7 billion financially, the impact on efficiency measures on…

The Court of Justice of the European Union (CJEU) issued a decision on November 13 that undermines efforts by Romania’s judiciary to secure higher remuneration for judges performing additional tasks, Economedia.ro reported. The ruling comes one day after the High Court of Cassation and Justice (ICCJ) proposed increases in magistrates’ salaries as an alternative to…

The negotiations between the ruling coalition in Romania and the magistrates’ organisations on the retirement terms of the judges and prosecutors reached a deadlock on November 13, amid maximal requests expressed by the magistrates that would result in their pensions remaining close to the pre-retirement wages and the retirement age rising slowly within 20 years…

The Romanian government is close to submitting the fourth disbursement request under the National Recovery and Resilience Plan (PNRR), worth EUR 2.6 billion, minister of investments and European projects Dragoș Pîslaru said on November 13. The tranche consists entirely of grant funding and includes 62 milestones and targets linked to 26 reforms and 23 investments.…

The US investment fund Carlyle, which operates in Romania through its offshore gas venture, is assessing potential options to acquire the foreign assets of Russian oil group Lukoil, Reuters reported, as cited by Economica.net. The discussions follow new US sanctions that halted Lukoil’s attempt to divest assets before a November 21 compliance deadline. Lukoil operates…

Record public investments amounting to about 8% of GDP in 2026 could offset the negative fiscal impulse generated by consolidation measures and support a firmer economic expansion next year, Daniel Dăianu, President of the Fiscal Council, told Ziarul Financiar on November 13. Romania anticipates economic growth of under 1% in 2025. Dăianu said the unusually…

Romania’s industrial output increased by 0.9% y/y and by 1.1% y/y in the core manufacturing sector in Q3, after 2.6% y/y growth (+3.1% y/y in manufacturing) in September, according to data published by the statistics office INS. The annual growth rate in Q3 was slightly slower (+0.5% y/y and +0.6% y/y) when adjusted for the…

Romania’s GDP increased by 1.6% y/y under the national methodology and 1.2% y/y under the methodology used by Eurostat, according to the flash estimate published by the statistics office INS. This resulted in a Eurostat methodology growth rate of around 1.4% for the first three quarters of the year.  The GDP declined by only 0.2%…

The Christmas markets have become major tourist attractions in certain cities, drawing visitors with their mix of traditional crafts, tasty foods, and festive atmosphere. Below we list some of the main ones, from those transforming historic squares to events held in major urban centers. Bucharest Christmas Market November 29 – December 28 Held in the…

The Romanian Wind Energy Association (RWEA), the Romanian Photovoltaic Industry Association (RPIA) and the Renewable Energy Producers Organization in Romania (PATRES), representing members with a total installed capacity of over 6.5 GW, warn of the risk of a major bottleneck in the energy sector caused by the introduction, without a transition period and with an…