Category: Uncategorized

A number of 1,565 companies with foreign participation in the share capital were established in Romania in the first quarter of 2025, down 6.57% y/y, according to data centralized by the National Trade Register Office (ONRC) and quoted by Agerpres. The 1,565 new companies had a total subscribed share capital of USD 8.85 million (USD…

In 2024, more companies were deregistered, dissolved, or entered insolvency than newly established ones, said Dragoş Pufulete, Board member of the SME association CNIPMMR, speaking for Ziarul Financiar. “For the first time in recent years, the total number of commercial companies has decreased, meaning fewer commercial companies were established than disappeared – either through bankruptcy,…

Romanian rolling stock manufacturing company Softronic Craiova announced on April 25 the delivery of the fourth modernized locomotive under the Resilience Facility contract with CFR Călători. The locomotive carries a special meaning – the image of Constantin Brâncuși, according to Economica.net. The delivery of the third locomotive modernized under the Resilience Facility-funded contract took place…

The shareholders of Romania’s leading financial group, Banca Transilvania (BVB: TLV), approved on April 25 the distribution of dividends in the amount of RON 1.59 billion (EUR 320 million) out of the RON 3.53 billion net profit generated last year.  The bank’s shareholders also decided to distribute free shares to existing shareholders, in a proportion…

AIM-quoted mining company Vast Resources, with operations in Romania, Tajikistan, and Zimbabwe, announced the continuation of production activity at the Băița Plai polymetallic mine in Romania, but also the fact that it has initiated discussions regarding a partnership (joint venture) with other mining companies to attract foreign investment in the Romanian mine, according to Economica.net.…

Romania’s general government budget deficit increased by 22% y/y to RON 43.7 billion (EUR 8.8 billion), or 2.28% of the GDP expected by the government for the whole year, the Finance Ministry announced on April 25. Although below the 3%-of-GDP target, the figure puts pressure on the government to come up with new restrictive fiscal…

Famous group Gipsy Kings will hold their first concert in Romania’s Danube Delta in May, at the Festival of Pirates. They will take the stage on May 18 in Sulina. “We are very happy to be reunited with our fans in Romania. We are coming for the first time to the beautiful Danube Delta. On…

Last Friday, April 25, Romania’s High Court ICCJ, responding to an objection of the Constitutional Court (CCR), scrapped the unusual ruling issued by the Court of Appeal in Ploiesti, Prahova County (CAP) – which decided on the day earlier that the presidential elections annulled by CCR in 2024 should be resumed with the second ballot. …

Chinese automaker Chery announced the official entrance into the Romanian market through a partnership with AUTO ITALIA Group, part of the Samelet Group. The agreement will see the introduction of the TIGGO SUV lineup starting in the second half of 2025. The move marks a significant step in Chery’s expansion strategy across Central and Eastern…

Romanian acting president Ilie Bolojan met on Friday, April 25, with a delegation from the Office for Democratic Institutions and Human Rights, or ODIHR, of the Organization for Security and Cooperation in Europe (OSCE), according to a statement from the presidential administration. The acting president told the delegation that Romania “is faithful to democratic principles…