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Prime minister Ilie Bolojan and Schwarz Group CEO Gerd Chrzanowski discussed on March 10 at the government’s headquarters investments in food production in Romania and the promotion of Romanian producers on European markets. Producing locally and exporting the products of Romanian suppliers were on the agenda, as well as the government’s stimulus package available to…

Greek toy and home decoration retailer Jumbo has purchased the premises of a former clothing factory in Baia Mare, northwestern Romania, where it plans to open its 21st hyperstore in the country, according to Profit.ro. The transaction is part of Jumbo’s continued expansion in Romania. The clothing factory, Habitex, was part of the Belgian group…

Austrian banking group Raiffeisen Bank International is close to an agreement to acquire the Romanian subsidiary of Spanish bank BBVA, Garanti BBVA Romania, according to people close to the discussions cited by Bloomberg. Garanti BBVA Romania is the local subsidiary of the BBVA-held Turkish financial group Garanti. According to Bloomberg, the Austrian bank would have…

Romanian prime minister Ilie Bolojan said the government will submit arguments to the Constitutional Court (CCR) in support of the four measures included in the public administration reform package challenged by the Ombudsman. The PM acknowledged that the Ombudsman has the constitutional right to refer emergency ordinances to the CCR but noted that this prerogative…

The Romanian state will pay RON 3.75 billion (EUR 735 million, 0.18% of GDP) to the energy suppliers this year, as compensation for the electricity and natural gas delivered to residential and part of the commercial consumers at capped prices, below the average market prices, according to Profit.ro, citing the 2026 budget plan. Additionally, the…

The budget revenues are expected to rise this year by 11%, according to the 2026 budget plan, driven by 16% stronger VAT collection, Ziarul Financiar reported, citing the draft budget plan published by the Finance Ministry. The daily questions the optimistic assumptions of the government, on the revenues side, where the revenues would reach a…

The Romanian software development company We As Web is accelerating the development of artificial intelligence–based services through a dedicated internal AI Lab, a strategic initiative designed to transform AI into a core organizational capability and support the delivery of complex enterprise projects. Investments in this direction have contributed to the company’s accelerated growth, with consolidated…

Romania’s Supreme Council of National Defense (CSAT) is meeting Wednesday morning at Cotroceni Palace to analyze the temporary deployment of military capabilities on the country’s territory, reportedly following a request from the United States. The council will also assess the impact of recent developments in the Middle East on Romania’s oil market. According to the…

Recommerce©, the European expert in the trade-in and refurbishment of electronic devices, primarily smartphones, unveils the results of the 4th edition of its annual survey “The Second-Hand Smartphone Market”, conducted by KANTAR across 13 European countries, including Romania. The global market for refurbished smartphones continues its strong growth. According to IDC (International Data Corporation), the…

Half of young European adults, including Romanians, feel disappointment, fear, anger, or sadness when encountering political and societal discussions on social media, according to the Finnish Innovation Fund Sitra’s new study Algorithms and Democracy: How social media shapes young Europeans’ worldviews. The result was similar in all the countries studied: Finland, France, and Romania, as…