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Romania’s Chamber of Deputies voted to lift the immunity of Liberal deputy and former minister of health Nelu Tătaru, suspected by the National Anticorruption Directorate (DNA) of taking small-value bribes dozens of times in just three months while serving as a doctor at the Huși hospital.  The lifting of parliamentary immunity is done by the…

The dispute between District 4 mayor Daniel Băluță and Bucharest’s general mayor Nicuşor Dan over the reconstruction of the underground floor in the Unirii area in downtown Bucharest, namely the massive concrete slab that covers the busy Unirii Square, led to a major scandal on Monday, October 14. The conflict was fuelled by disagreements over…

The Bucharest Stock Exchange, or BVB, announced that it launched the recruitment process for the position of General Manager. The new executive will have a mandate of 4 years, starting from January 1, 2025. The selection process is open to all candidates with a solid professional reputation and a vision for the sustainable growth of…

Romania’s industrial production index plunged by 4.2% y/y in August, marking one of the most significant annual declines in the past year and a half and witnessing subdued economic activity in the month. The manufacturing sector’s output contracted by 4.5% y/y. The industrial slowdown hasn’t come as a surprise after Romania’s exports and imports posted…

The gross foreign direct investments (FDI) to Romania contracted by some 7% to EUR 6.5 bln in 12 months to August 2024, according to data published by the National Bank of Romania (BNR).  Furthermore, FDI to Romania is essentially formed by reinvested earnings (and some intra-group financing) rather than new equity – only EUR 1.8…

Romania’s current account (CA) deficit increased by 25% y/y to EUR 2.8 bln in August 2024 amid the general deterioration of the external balance across nearly all chapters except for the transfer of funds to non-government (households mainly), according to data published by the National bank of Romania (BNR). The deficit in 12 months ending…

Both the expectations and the sentiment on the current conditions have deteriorated in September under the latest survey conducted among the members of the CFA Society Romania, with the overall index plunging to only 40.1 points – 6.7 points less compared to August and 10 points below the neutral 50-point benchmark. The feeble economic growth…

Romania may be retained EUR 1 billion out of the EUR 2.3 bln third disbursement under the Resilience Facility for failure to meet a number of targets, according to a letter of the European Commission sent to the Romanian Government in June and now surfaced in the media. Some EUR 300 mln – 500 mln…

The Romanian branch of the international organization Justice and Care, along with partners in the Ministry of Internal Affairs, announced the launch of a campaign to inform and prevent human trafficking and labor exploitation of Romanian citizens working abroad. The campaign runs from October 14 to 18, coinciding with the European Anti-Trafficking Day, observed annually…

Sphera Franchise Group, the largest foodservice operator in Romania, expands its portfolio by adding the Italian franchise Cioccolatitaliani*, part of Gioia Group. The brand is well known for its chocolate-based products, including ice cream, pastries and coffee. Sphera Group plans to develop the franchise on the Italian market and will inaugurate the first Cioccolatitaliani unit…