Category: Uncategorized
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Meteorologists expand red code warning for heavy rain to include Bucharest, four counties
The National Meteorological Administration (ANM) has expanded its red weather alert for heavy rain to cover Bucharest and four additional counties in the country’s south, warning of torrential downpours and possible flooding from Tuesday night until Wednesday afternoon. Orange and yellow warnings are also in place. The red code warning, the highest level of weather…
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Romanian Social Democrats draft plan for public administration personnel reduction
The Social Democrats (PSD) came up with a new plan for reducing the number of employees and their payroll in the public administration, a couple of days before the latest deadline announced by the ruling coalition for deciding on this topic, according to Mediaflux.ro. PSD thus insists on including the central administration in the plan…
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Romania’s PMI at 15-month high, nears neutral benchmark in September
September’s reading brought the BCR Romania Manufacturing PMI index to 49.8, which represents a 15-month high and comes after the 49.3 recorded in the previous month. The value is only marginally below the neutral mark of 50, showing only a marginal contraction reported in monthly terms, according to Erste Group. Romania’s industrial production increased by…
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CFA Society Romania forecasts GDP growth below 0.5% in 2026
Romania’s economy is expected to grow by less than 0.5% in 2026, according to a report announced by CFA Society Romania on October 6 ahead of its official release one day later. The association of financial analysts said that accessing European Union funds would be essential for restoring economic momentum in 2027. CFA Romania’s members…
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Romania’s private consumption drops on VAT rate hike effects in August
Romania’s retail sales volume index contracted by 4.1% in August after a 5.4% y/y advance in July (revised from +5.3% y/y), the statistics office INS announced on October 6. The sudden slowdown in August was expected and it probably overstates the fundamental deceleration in the private consumption as an effect of higher VAT rate and…
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Romania expects this week the EC’s EUR 1 bln decision on coal-fired power units
Romania expects a response from the European Commission after the government in Bucharest asked for permission to defer the closure of several coal-fired power units, absolutely necessary for balancing the power system this winter, as the gas-fired units supposed to replace them are not yet in place, energy minister Bogdan Ivan announced on October 6…
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Kyiv–Bucharest direct train service to begin this week
Romania’s national railway operator, CFR Călători, announced that a new direct international train service will connect Kyiv and Bucharest beginning this Friday, October 10, marking a significant addition to cross-border rail links between Romania and Ukraine. According to a statement released by the company, the new route will operate via Ungheni and will offer a…
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Econergy buys out partner’s 50% stake in Romania’s largest PV project to date
Israeli-based Econergy Renewable Energy announced that it agreed to buy out the 50% stake held by its partner, TVSE-listed Nofar Energy, in the 155 MWp Rătești photovoltaic plant, the largest in Romania. The company announced plans to add a 120 MW battery energy storage system under a EUR 32 million investment, according to Balkan Green…
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Romania’s M&A market roughly steady in January-September amid notable outbound activity
The Romanian mergers and acquisitions (M&A) market increased by 8.5% y/y by the number of deals, to 216 transactions, but contracted by 1.9% y/y to USD 5.4 billion by the estimated value in the first nine months of 2025, according to an EY analysis. Three outbound deals stood out in the third quarter of the…
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Romanian General Prosecutor’s Office launches criminal case against MEP Diana Șoșoacă for 11 offenses
The General Prosecutor’s Office announced on Monday, October 6, that European Parliament member Diana Șoșoacă is under criminal investigation for 11 offenses, including illegal deprivation of liberty, promoting fascism and legionary ideology, and denying the Holocaust, Biziday.ro reported. Șoșoacă, leader of the far-right party SOS Romania, was questioned earlier in the day at the Prosecutor’s…