Category: Uncategorized

The gross minimum statutory wage would increase in Romania from RON 3,700 now to around RON 4,100 in 2025 as a result of the law on the European minimum wage, already endorsed by the Senate and sent to the Chamber of Deputies for the final vote, according to Startupcafe.ro. According to the draft bill discussed…

The senior ruling Social Democratic Party (PSD) drafted and submitted to the Parliament a bill that stipulates the limitation of the front payment made by a buyer for the purchase of real estate built by developers to 10% of the property’s price.  The bill also stipulates that the front payment is paid in a special…

The Ministry of Energy drafted an emergency ordinance in Romania to allow the ministries acting as minority shareholders in strategic companies to exert their pre-emptive rights when the majority shareholder seeks to sell its shares, Economica.net reported.  The bill was reportedly drafted to give the ministry the right to block the potential sale of the…

Romania ranks third among the Central and Eastern Europe member states of the European Union (EU) in terms of the value of electronic commerce, after Poland and the Czech Republic, according to the “European Ecommerce 2024” report, cited by the Romanian Association of Online Stores (ARMO). According to the document cited by G4media.ro, the volume…

Romania’s statistics office INS revised Q2 GDP upwards by 3% to RON 421 bln (EUR 84.6 bln) under the second preliminary estimate. It improved only marginally the annual growth rate for the quarter, from 0.8% y/y to 0.9% y/y. Consequently, the growth rate for the entire H1 was maintained at 0.7% (+1.4% y/y if adjusted…

Romania’s exports contracted by 7.5% y/y to EUR 6.55 bln in August, while imports dropped by 3.0% y/y to EUR 9.43 bln amid a combination of subdued economic activity across Europe and still strong domestic demand at home, according to data published by the statistics office INS. The trade deficit consequently widened by 9% y/y…

The net average wage in Romania edged down in August compared to July, but the 13.8% y/y nominal advance (+14.8% y/y in July) resulted in a still substantial 8.3% y/y real increase as the inflation kept easing, according to data published by the statistics office INS. In absolute terms, the net average wage reached RON…

Janna Damigeana is a household name in the vibrant Romanian city of Cluj-Napoca by now. She left the United States and moved to the city right before the pandemic with her Romanian spouse. During lockdown, she started vlogging her life and journey to learning Romanian, and quickly amassed a large following. Her natural and funny…

The data-dependent National Bank of Romania (BNR) will keep the key rate on hold at 6.5% at its last meeting of this year scheduled on November 8, according to a research note published by Erste Group. The decision would be based on the large fiscal slippage this year (recently confirmed by the government), a still…

International agency S&P affirmed Romania’s BBB-/stable sovereign rating and said it would not take negative actions unless the government deficit exceeded its rather comfortable current medium-term projections or if other existing imbalances such as high inflation or substantial current account deficits persisted. S&P doesn’t have great expectations from Romania’s twin deficit narrowing, but it believes…