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The yields of Romania’s long-term (10-year) bonds on the secondary market eased by 41 basis points (bp) w/w to 7.61/7.36 (bid/ask)  on January 31, to the lowest levels since January 9. The government drafting a budget planning in line with the fiscal consolidation plan, without supplementary tax hikes, apparently improved investors’ sentiment.  However, the borrowing…

The general government budget deficit is likely to reach 7.7% of GDP in 2025 (cash terms), 0.7 percentage points (pp) above the government’s target of 7% of GDP, according to projections drafted by the Fiscal Council (CF) in its preliminary opinion on the budget planning endorsed by the executive on February 1.  “The 7%  deficit…

Victor Ponta, former Social Democrat (PSD) leader, former prime minister and presidential candidate for the Social Democrats, currently MP and advisor to prime minister Marcel Ciolacu, stated on February 2, after the PSD Extraordinary Congress, at which he was unable to give a speech, that he is “very determined” to enter the presidential campaign. “The…

The collection of gold and silver artifacts from 18 local museums has returned to Romania after being displayed in the exhibition Dacia! Empire of Gold and Silver hosted by the Drents Museum in Assen, the Netherlands. The exhibition, which ran from July 7, 2024, to January 26, 2025, attracted 84,336 visitors, marking three decades since…

The share of companies predicting a reduction in the number of employees in the upcoming year has increased to 11% in January 2025 from 2% same time last year, according to the HR Barometer survey conducted by PwC Romania.  Fiscal measures taken by the government to reduce the budget deficit, such as the elimination of…

The Veranda Mall shopping center, located near Bucharest’s busy Obor market, is up for sale and has reportedly caught the interest of real estate investors AFI Europe and M Core, Profit.ro reported. The mall is currently owned by the Pogonaru family, the Pavăl brothers (owners of Dedeman), Evergent, and Erste Bank, among its shareholders. AFI…

Romanian prime minister Marcel Ciolacu announced that a team of lawyers contracted by the government managed to block the sale of the painting Saint Sebastian by the renowned artist El Greco, which is part of Romania’s heritage. Ciolacu added that earlier this month, the government mandated lawyers to pursue the recovery through legal proceedings at…

Romania’s eMAG and HeyBlu, a financial services company owned by the eMAG group, have announced the acquisition of Orange Money by taking over 100% of its shares. The transaction is part of eMAG’s strategy to expand and diversify its financial services, the company said. “The acquisition of Orange Money is part of eMAG’s strategy to…

Only 28% of teenagers in Romania aged 11-15 engage in the minimum required level of physical activity and sports to maintain good health, according to a study conducted by the World Health Organization cited on High5 Podcast. Additionally, only 23% of them perform sufficient moderate and intense physical activities for their stage of development, which…

The Romanian Olympic and Sports Committee (COSR) announced the team for the European Youth Olympic Winter Festival (EYOF) Bakuriani 2025, which will take place in Georgia from February 9 to 16. Twenty athletes will compete in four disciplines, namely biathlon, alpine skiing, cross-country skiing, and snowboarding. The biathlon team comprises eight athletes, evenly split between…