Category: Uncategorized

Diehl Aviation said it is strengthening its global presence with the establishment of a new production site in Romania, supporting the increasing demand of the aviation industry. The local facility will primarily manufacture products and components for passenger aircraft. Diehl Aviation is a corporate division of Diehl Stiftung & Co. KG., and its customers include leading…

Romania’s Gross Domestic Product (GDP) increased by 0.8% in real terms in 2024 compared to the previous year, reaching an estimated RON 1,760.11 billion at current prices, according to data published Thursday, April 10, by the National Institute of Statistics (INS). In the fourth quarter of 2024, GDP rose by 0.6% compared to the third…

The Romanian proptech startup Vaunt, which is developing a sales management platform for the residential real estate industry, announced it is one of the 16 companies accepted into the Catalyst NYC program. Its participation is part of the company’s scaling and go-to-market strategy in the United States. Catalyst is part of the larger NYU Tandon…

TenarisSilcotub, Romania’s major producer of small-diameter seamless steel pipes, has completed construction of a 20 MW photovoltaic (PV) park as part of its strategy to reduce carbon emissions and increase energy independence.  “This project allows us to set a new standard for sustainable production, accompany our customers in their own decarbonisation efforts and have a…

The Austrian energy company Verbund, through its Romanian subsidiary Verbud Wind Power Romania, has acquired a 272 MW “ready to build” wind project from Monsson, a multinational renewable energy solutions group specializing in wind and solar energy, energy storage, and green hydrogen, the Austrian company announced in a press release. The project, located in Romania’s…

Austria’s Erste Bank group has reduced the economic growth forecast for Romania and the countries of Central and Eastern Europe following the tariffs announced by US president Donald Trump. Taking into consideration the impact of the tariffs, Erste sees Romania’s economic growth at 1.8% this year and 3.1% in 2026 (-0.3 percentage points from the…

Romania’s foreign trade deficit widened by 32% y/y to EUR 2.74 billion in February, as the exports edged down while the imports continued to increase, according to data published by the statistics office INS. The external balance had deteriorated by 39% y/y in January, reversing the slight improvement in the second half of last year…

Interim president Ilie Bolojan met with leaders of companies represented by the Foreign Investors Council (FIC) on 9 April in a high-level dialogue organised by the Presidential Administration to address pressing economic issues. The discussions covered a broad array of topics, including fiscal reform, sovereign credit ratings, the defense sector, investment strategies, and European fund…

The number of doctors who requested current professional certificates that allow them to practice abroad increased by 50% in 2024 compared to the previous year, according to Prof. Cătălina Poiană, president of the Romanian College of Physicians, which issues these documents. Thus, about 1,500 professional certificates were issued to health specialists in 2024, according to…

Romania’s authorities will set a EUR 7,500 value for the bonus provided to those replacing old cars with new electric automobiles, minister of environment Mircea Fechet announced.  The bonus was EUR 10,000 last year, and it was supposed to drop to EUR 5,000 this year. “The big news for Romanians is the EUR 7,500 bonus,…