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Home sales decreased by 3.4% in Romania in the first six months of 2025 when compared to the result registered in the same period last year. Sales were down 7.9% in Bucharest and Ilfov in the same period, according to a market analysis issued by real estate consultant SVN Romania and based on official statistics…

The village of Hosman in Sibiu County, in Romania’s Transylvania region, will once again host the Holzstock Indie Festival between August 22–24. Now in its 11th edition, the event takes place in the fortified churchyard at the heart of the village. Holzstock brings together independent artists, music lovers, locals, and volunteers. With a strong focus…

DN AGRAR Group, one of Romania’s leading integrated agrifood companies and the largest dairy milk producer in Europe, has signed definitive development and supply contracts with BSOG Energy for the construction of a major biomethane production facility in Alba county. BSOG Energy, owned by Black Sea Oil & Gas, focuses on building biomethane plants across Romania…

Romania has taken steps in line with the Venice Commission’s recommendations in order to improve its justice system, according to the sixth Rule of Law Report published by the European Commission on Tuesday, July 8. Nevertheless, there is still room for improvement. In the report, the EU executive notes that Romania has progressed when it…

Low-cost carrier Wizz Air announced that all flights scheduled to operate from Bucharest Băneasa – Aurel Vlaicu International Airport between August 26 and September 2 will be relocated to the Henri Coandă International Airport (Otopeni). The move comes in response to a temporary closure of Băneasa Airport due to an event, company representatives said. Passengers…

Sorin Grindeanu, the interim leader of the Social Democratic Party PSD, the largest member of the ruling coalition by the number of lawmakers, expressed discontent with the government not taking into consideration his party’s fiscal policy proposals, accused the government took “dubious” decision on gambling operators’ taxation, and urged prime minister Ilie Bolojan to include…

Romanian banks face a steep increase in their effective tax burden following the government’s decision to double the turnover tax for most credit institutions, PwC Romania warned during a conference on July 8, according to Profit.ro. The average effective tax rate for the banking sector is projected to rise from 23% in 2024 to 29%…

The annual inflation rate will pick up considerably in the following months, under the transitory impact of the expiry of the electricity price capping scheme and the increase in VAT rates and excise duties starting August 1, thus climbing well above the values indicated by the May 2025 forecast over the short time horizon, the…

The budgetary corrective package 2025-2026 could avert a sovereign rating downgrade, the Romanian Fiscal Council concludes in its opinion on the fiscal package approved by the government on July 3. There was no alternative to the fiscal package, and the urgency has not allowed better optimisation of measures, the Council explains in a strong backing…

The significant fiscal consolidation measures recently adopted by the Romanian government are “an important and positive step” towards complying with the new Excessive Deficit Procedure (EDP) recommendation, provided that all measures are fully and swiftly legislated and implemented, Valdis Dombrovskis, Executive Vice-President of the European Commission responsible for Trade and Economy said in his remarks…