Category: Uncategorized

Donalam, a subsidiary of Italian group AFV Beltrame, has issued a stark warning about the dire state of Romania’s steel industry, calling for immediate government intervention to protect local producers from unfair competition and rising production costs.  The company highlights that steel imports from non-EU countries, including Turkey, China, Egypt, and Maghreb nations, surged by…

ING Bank Romania added 100,000 new clients in 2024 and grew its loan portfolio by 18%, as total revenues increased 13% year-over-year to RON 3.8 billion (EUR 765 mln), the bank announced on Monday, February 17. Total assets climbed 9% to RON 78 billion (EUR 15.7 bln), supported by rising customer deposits and strong credit…

Romania’s central bank may resume interest rate cuts in the second half of 2025, though policymakers are likely to proceed cautiously amid persistent inflation risks and fiscal uncertainty, ING Bank analysts said on Monday, February 17.  The National Bank of Romania (BNR) left its benchmark rate unchanged at 6.50% at its latest meeting on February…

Romania’s 2025 budget aims to restore fiscal balance after years of widening deficits, but analysts warn that success hinges on political stability and global economic conditions, according to a new report from the Romanian Economic Monitor (RoEM), a research project of the Babes Bolyai University in Cluj-Napoca.  The government projects a budget deficit of 7%…

Trade between Romania and Germany reached EUR 42.1 billion in 2024, maintaining Romania’s position as Germany’s 17th-largest trading partner, according to data from the German Federal Statistical Office (Destatis), released by the Romanian-German Chamber of Commerce and Industry (AHK Romania).  The 0.9% increase in total trade volume from 2023 was driven by Romanian exports to…

Romania’s Ministry of Finance announced a record-breaking start to the Fidelis government bond program in 2025, with total subscriptions exceeding RON 4.3 billion (EUR 865 mln) during the February 7-14 issuance period. The latest round surpassed the previous high of RON 3.5 billion recorded in October 2024.  The Fidelis bonds are issued and traded through…

Romania will extend its energy price cap and compensation scheme for at least three months for electricity and 12 months for natural gas, energy minister Sebastian Burduja announced following an interministerial meeting on Monday, February 17.  The measure aims to shield consumers from price hikes and ensure energy affordability amid ongoing market volatility.  “We are…

Human Scale, a project by artist Vlad Nancă alongside Muromuro Studio, namely architects Ioana Chifu and Onar Stănescu, will represent Romania at the 19th International Architecture Exhibition – La Biennale di Venezia 2025. The project will be on show between May 10 and November 23. It will be presented in the country’s pavilion in the…

Far-right politician Diana Șoșoacă, an MEP and the leader of the SOS Romania party, announced on Monday, February 17, that she will run again in the presidential elections in May. She also said that she has nearly gathered the required signatures for her candidacy. “I will continue. We are collecting signatures, and we have gathered…

The number of employees in Romania with more than two simultaneous work contracts doubled in 2024, according to data submitted by employers in the REGES information system of the Labor Inspection agency. In total, over 667,000 people have multiple individual employment contracts, of which around 510,000 with different employers, according to official data requested by…