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Wolt, a Helsinki-based technology company with operations in 28 countries, has completed the acquisition of delivery platform Tazz from eMAG. The deal marks Wolt’s entry into the Romanian market. Tazz’s current offerings, including restaurant, grocery, and retail selections, will continue as usual, as will Tazz’s participation in the eMAG Genius subscription program, the company announced.…

MINA, the Museum of Immersive New Art in Bucharest, in collaboration with Forward Agency and EpicenterHub, has announced the launch of UNUSUAL, a new series of immersive concerts that blend music, technology, and visual art. The first concert in the series is scheduled for January 16 and will feature the alternative band Robin and the…

Oresa Industra, a key player in Romania’s industrial and logistics real estate sector, has leased 6,000 square meters of space in Industra Park Arad to Sellpy, a leading European second-hand retailer. The new warehouse, planned to become operational in the second quarter of 2025, will create over 300 jobs. This strategic decision marks an important…

Gabriela Ruse secured a spot in the second round of the Australian Open 2025 on Tuesday, January 14, after defeating fellow Romanian Irina Begu. Ruse won 6-4, 6-0 in a match that lasted just an hour and 19 minutes, News.ro reported. In the second round, Gabriela Ruse is set to face 19th seed Madison Keys…

Influential members of the National Liberal Party (PNL) expressed opinions on the resignation of president Klaus Iohannis, while party acting leader Ilie Bolojan defended Iohannis and rejected a formal approach in this regard.  Klaus Iohannis previously headed PNL, and the rather unpopular and constitutionally problematic decision to extend his term until the presidential elections are…

Romania’s financing needs will decrease to RON 231 billion (EUR 46 billion) this year from RON 251 billion in 2024, in line with the 7%-of-GDP cash public deficit (8.6% of GDP in 2024), according to Romanian finance minister Barna Tanczos speaking for Profit.ro. Fitch revised the Romanian sovereign rating’s outlook to negative for neutral in…

ING Bank estimates that the National Bank of Romania (BNR) will maintain the key interest rate at 6.50% at the meeting on January 15 due to persistent inflationary risks, according to a bank’s research note. The position tends to reflect consensus expectations. “While economic growth concerns are not to be taken lightly, we think the…

The net foreign direct investments (FDI) to Romania contracted in absolute terms by 7% y/y to under EUR 6 billion in 12 months to November 2024, while the FDI to GDP ratio dropped to 1.7% from 2.2% in the previous 12-month period, according to data published by the central bank (BNR). The FDI thus covered…

Romania’s current account (CA) deficit widened by 28% y/y to EUR 28 billion in 12 months to November 2024, amid the broad deterioration of the trade with goods and services and larger interest on external debt, according to data published by the central bank (BNR). The CA to GDP ratio advanced to 7.9% in the…

The Romanian far-right electorate accounts for less than 40%, but two of its candidates may make it to the second round of the presidential elections if the “traditional parties” fail to provide a coherent alternative – the rector of the Political Sciences School in Bucharest (SNSPA), Remus Pricopie, commented, mentioning “several polls that he consulted.”…