Category: Uncategorized
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Romania’s potential GDP growth weakens to 2%, but can increase in coming years
A strong investment cycle is preventing a sharper decline and could lift potential growth to 2.4%–2.7% by 2027–2029, according to an analysis by ING Bank signed by Tataru and cited by Ziarul Financiar. In his view, Romania’s next challenge will be less the volume of investment and more how productively the new assets are used.…
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Former Romanian presidential candidate Călin Georgescu detained in EUR 1.1 mln scam case
Prosecutors have requested that he be placed in preventive detention for 30 days, with the request to be considered by the Bucharest Tribunal. The new investigation is the third criminal case involving Georgescu. In the other two, he is facing charges related to alleged actions aimed at undermining the constitutional order and the promotion of…
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OMV Petrom advances SAF/HVO project at Petrobrazi
This EUR 560 million investment will position the refinery as the first major producer of sustainable fuels in the region. The foundations have been laid, and the main equipment for processing sustainable fuels – including columns and reactors – has been mounted and installed, the company announced. With a capacity of 250,000 tonnes per year,…
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Romania’s gas imports suspended during works in Bulgaria
“The Bulgarians are working on the pipeline that transports gas upstream, to increase its capacity from 5 to 10 billion cubic meters annually. They are making certain connections; the works were announced anyway, and the situation will last all this week,” explained the head of Romanian natural gas transport company Transgaz, Ion Sterian, as reported…
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Romanian finance minister meets investors in New York
The discussions focus on Romania’s public finances and financing needs, as well as attracting American capital for strategic projects in energy, infrastructure, technology and production capacity. For Romania, the meeting is part of efforts over the past year to strengthen the economic dimension of the Strategic Partnership with the United States, with a focus on…
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Romanian PM-designate Siegfried Mureșan promises fiscal relaxation “as soon as we can afford it”
Mureșan said the government led by former prime minister Ilie Bolojan had to take difficult measures to put public finances back on track and prevent a repeat of the fiscal slippage recorded in 2024. He argued, echoing president Nicușor Dan’s recent statements, that Romania’s economic situation is now significantly better than it was a year…
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Romanian Social Democrats ready to negotiate with PM-designate if their 10 proposals are included
The PSD adopted in Sinaia a set of 10 national priorities that it wants political parties to endorse before forming a governing coalition that could put an end to the political crisis. Unless a government such as the one planned by prime minister-designate Siegfried Mureșan incorporates these priorities, the PSD will maintain its decision not…
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More than 45 institutions, universities and companies at iDSBU, joined by the German Embassy and DAAD
On 2 October 2026, iDSBU will host one of Bucharest’s most significant academic and career orientation events for high school students. The Career Fair will bring together approximately 400 students from international and public schools, providing direct access to representatives of universities, companies and organizations from Germany and Romania. The event is honored by the…
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Romanian Senate backs mandatory uniforms in state schools
Romania’s Senate approved legislation that would make school uniforms compulsory for pupils in state pre-university education. The bill passed on Monday, September 21, with 84 votes in favour, 18 against, and four abstentions, according to News.ro. The Senate was the first chamber to consider the proposal, which now goes to the Chamber of Deputies for…
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Romania-founded FintechOS raises USD 28 mln for US, European expansion
FintechOS announced on Monday, September 21, that it secured USD 28 million through a combination of equity investment and debt financing to expand its operations in the United States and strengthen its European business. The company was founded in Romania and provides AI-based digital solutions to banks and insurers. The equity component came from existing…