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Fuel consumption in Romania increased in March and, to a lesser extent, in April despite a sharp rise in petrol and diesel prices, according to analysts at the Association for Intelligent Energy (AEI), cited by Mediafax, commenting on data from the National Institute of Statistics (INS). AEI analyst Dumitru Chisăliță said the figures indicate relatively…

Romania risks delaying or losing more than EUR 4.5 billion (over 1% of GDP) in grants under the EU Recovery and Resilience Facility (PNRR) unless Parliament adopts six key reform bills by the end of August, with the ongoing political crisis threatening the fragile cross-party support required to pass the legislation, according to a report…

One year after avoiding a sovereign downgrade by setting up a ruling coalition and passing budgetary measures that aligned the fiscal trajectory to the Excessive Deficit Procedure (EDP) commitments, Romania is now facing new scrutiny from the major rating agencies. While its public sector metrics improved significantly over the past year, thanks to the fiscal measures…

Romania’s Social Democratic Party (PSD) has sent conflicting signals over its willingness to support legislation linked to the country’s Recovery and Resilience Facility (PNRR), with party leader Sorin Grindeanu softening his earlier remarks on the PNRR reform package while simultaneously escalating his criticism of acting prime minister Ilie Bolojan. The mixed messaging adds to uncertainty…

Digi Communications’ Spanish subsidiary has attracted nearly EUR 1.3 billion of demand from investment funds and family offices ahead of its initial public offering, more than four times the targeted fundraising of up to EUR 330 million, according to data analysed by Profit.ro. The strong investor interest comes ahead of Digi Spain’s planned stock market…

Registrations are open for the fifth edition of L’Étape Romania by Tour de France, which will take place this summer, on August 30. The cycling event will once again transform central Bucharest into a traffic-free course inspired by the world’s most famous road race. The event, part of the international L’Étape by Tour de France…

Over the past ten years, Romania has delivered the strongest equity market performance among all major global stock markets. Measured in euros and including reinvested dividends, the BET-TR index has generated a total return of 758%, according to Divo Pulitika, Board Member at stock broker InterCapital ETF. Romania’s Bucharest Stock Exchange, BVB, is therefore ahead…

Digital payments processor Netopia Payments announced on Monday, July 13, that it obtained a payment institution license from the National Bank of Romania, paving the company’s way from a provider of online payment solutions to a regulated financial infrastructure. Active since 2003, Netopia Payments serves more than 25,000 e-commerce merchants and processes annually over 30%…

The first Hilton hotel in the popular mountain city of Brașov opened on Tuesday, July 14, with the launch of the 156-room Hilton Garden Inn Brașov, expanding the international hospitality group’s presence in one of Romania’s leading tourism and business destinations. The property was developed by CS Best Hospitality and is managed by Apex Alliance…

Romania’s competitive advantages need to be supported by predictability, institutions capable of implementing reforms, and a high-quality dialogue between the public and private sectors, a survey carried out by the French Chamber of Commerce, Industry and Agriculture in Romania (CCIFER) and released on France’s National Day (Bastille Day) found.  The survey was conducted in April…