Category: Uncategorized

The National Anti-Corruption Directorate (DNA) conducted a series of raids on Tuesday, July 22, as part of a criminal investigation into alleged corruption involving Cristian Popescu Piedone, the head of the National Authority for Consumer Protection (ANPC). Prosecutors suspect Piedone of tipping off a business in advance of an inspection, according to Biziday.ro. The investigation…

Energy group Hidroelectrica has signed the contract for its first floating photovoltaic project, Nufārul, marking a major step in Romania’s renewable energy development. The signing took place on Monday, July 21, and involves an investment of RON 39.25 million (around EUR 7.75 million, excluding VAT). Developed by Waldevar SRL, Marine Research, DHI-SW Project SRL, and…

Social Democratic Party (PSD) president Sorin Grindeanu has firmly denied rumours that the party intends to leave Romania’s ruling coalition, dismissing such claims as baseless and criticising those spreading them. His statement came during a press conference on July 21, amid growing internal tensions over the government’s fiscal decisions, particularly the suspension of funding for…

Romanian prime minister Ilie Bolojan has offered assurances that public investment projects already in advanced stages under the Anghel Saligny National Programme will continue, despite the government’s decision to halt broader funding for the scheme due to budgetary constraints.  His statement was made during an interview on B1 TV on July 21, following a wave…

The Social Democratic Party (PSD) of Romania will propose a new 0.5% turnover tax to apply to companies that currently pay profit tax, PSD president Sorin Grindeanu announced during a press conference on July 21, Economica.net reported. The measure, which targets businesses other than microenterprises, is expected to be presented to coalition partners for discussion…

The chain of medical clinics operated by the European medical group Affidea expanded to 74 after it acquired three new clinics in Otopeni, Miercurea Ciuc, and Braila. The national chain now covers 32 cities, according to a group’s press release.  “The Affidea Romania investment plan for 2025 will exceed EUR 100 million, which will be…

Romania’s Ministry of Finance has launched a coordinated inter-institutional initiative aimed at building a national portfolio of investment projects that can be developed through public-private partnership (PPP) mechanisms, the ministry announced on July 21. The programme seeks to identify projects with significant economic and social impact that can attract private capital and expertise. Finance minister…

Romania ranks as 16th of the European Union’s 27 members by the public indebtedness ratio, with a public debt of 55.8% of GDP at the end of Q1, still below the EU average (81.8%), according to Eurostat data.   However, Romania’s public debt is rising faster than average as the country ranks third in the…

Romania’s public debt increased by RON 14.5 billion (EUR 2.9 billion) in April to RON 1.013 billion (EUR 203.5 billion) at the end of the month, amid the EUR 2.75 billion FX bonds issued by the Treasury at the end of March but registered on April 2.  In the first four months of the year,…

Romanian president Nicușor Dan stated on Monday, July 21, that NATO, the European Union, and the United Kingdom have confirmed that Russia is conducting cyberattacks, manipulation, and disinformation campaigns across European states, including Romania. He added that the Romanian state must continue to present new evidence regarding what happened in the November 2024 presidential elections,…