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The number of new cars registered in Romania dropped by 16.4% y/y to 80,718 in January-July despite a 25.3% y/y rise to 16,362 units in July, according to data published by the Romanian Car Manufacturing Association ACAROM. The lack of state grants for new car purchase, promised by the Ministry of Environment for December, certainly contributed…

Raiffeisen Bank has cut its projection for Romania’s economic growth in 2025 to 0.7%, citing the impact of a challenging global trading environment and slowing international demand, the Austrian lender said in its semi-annual report. The bank now expects Romania’s gross domestic product (GDP) to grow by 1.3% in 2026, Cursdeguvernare.ro reported. “The difficult trading…

The system of pensions paid to military personnel should be changed gradually until 2035 to avoid losing personnel, minister of defence Ionuț Moșteanu said in a Digi24 interview, implying that the European Commission insists on a faster pace.  “A gradual reform is needed until 2035. It’s 10 years, any system can be reformed in 10…

Romanian finance minister Alexandru Nazare, in an interview given to Digi24, said that the payment of pensions and wages in the budgetary sector depends on the budget amendment that must earmark supplementary funds to these categories, Cursdeguvernare.ro reported. Romania inked a budget plan for this year in January with a 7%-of-GDP deficit target and it…

The Romania Manufacturing PMI index, calculated and published by BCR Erste Group, deteriorated to 48.4 in July from 48.7 in June as all the components but the inventory (stocks of purchases) made a weaker contribution in the month. Demand (new orders) component returned to its 1-point negative contribution seen a year ago, after the deep…

Romania’s star swimmer David Popovici arrived home on Sunday evening, August 3, to a hero’s welcome at Otopeni Airport after winning two gold medals at the World Aquatics Championships in Singapore. The 20-year-old, who triumphed in both the 100m and 200m freestyle events, dismissed recent speculation about a possible retirement, saying he remains passionate about…

Romania will activate the European RESTORE mechanism for the first time to help rebuild areas hit by severe floods in Suceava and Neamț counties, minister of investments and European projects Dragoș Pîslaru announced. The mechanism, designed to provide rapid financial support in the aftermath of major natural disasters such as floods, fires, or storms, will…

More than 680 houses in Suceava country and 170 houses in Neamţ county were impacted in the flash floods that hit northeastern Romania at the end of last week. Forty-one houses were completely destroyed, Raed Arafat, the head of the Department for Emergency Situations (DSU), announced on Friday, August 1. Three people were killed in…

Romanian justice minister Radu Marinescu said on Thursday, July 31, that harsher penalties are being considered for violence against women and domestic violence, including the criminalization of femicide. The minister said that Romania currently has legislation that is fairly adequate, in line with European standards, for combating violence, including domestic violence. He also said that…

The Balneo-Physiotherapy Clinic in the Călimănești resort town, southern Romania, will undergo rehabilitation with a EUR 10 million financing from the European Union, according to representatives of the Vâlcea County Council. The project implementation period will be 24 months from the completion of the tender for the execution of the works, which include, in addition…