Category: Uncategorized

The overall macroeconomic confidence index compiled by CFA Society Romania based on a survey among its members improved by 2.3 points month-on-month (m/m) to 40.4 points in January, lagging below the 50-point balance benchmark, as both components showed current situation evaluation and expectations improved.  However, the expectations component improved by only 1.7 points and remains…

Following a partnership between Posta Romana, the Authority for Digitalisation, and Visa, the Romanian households with an account on the Ghiseul.ro platform, so far used for paying property taxes, fines, and other dues to the budget, will also have the option of buying government securities issued under the Tezaur scheme. The facility particularly targets Romanians…

E.ON Energie Romania completed the construction of a 655 kWp installation in Timişoara for Continental Automotive, one of the largest developers and manufacturers of innovative systems in the automotive sector. The project involved the installation of a photovoltaic system consisting of 1,440 solar panels that will provide almost 715 MWh of renewable electricity for Continental…

Romanian state-controlled natural gas producer Romgaz will launch the first offers to household customers in the third quarter of this year, according to the company’s CEO, quoted by Economica.net. Contracting the IT system required to manage the household customers’ accounts is already underway. “The synergies within the company make the supply price competitive, as is…

Romania’s hydropower group Hidroelectrica (BVB: H2O) will increase the price of electricity supplied to its existing or new residential consumers by 60% starting April 1, according to Profit.ro. The final price per kWh, including transport, fees, and taxes, will increase by only 25%, depending on the region of the country (as the transport operators charge…

In 2024, the state paid to households RON 1.16 billion as interest for the government bonds issued under the Tezaur scheme and RON 748.6 million for the bonds issued under the Fidelis scheme, according to data provided by the Ministry of Finance to Cursdeguvernare.ro. Thus, over 5% of the interest paid last year from the…

The construction of the Cluj-Napoca subway began on Tuesday, February 25, with the consolidation work on the hill located in the area of station 2 in the Florești suburb.  Once completed, the subway in Cluj-Napoca will be Romania’s second, after the one in Bucharest. It will be 21 km long and include 19 stations. The current…

Electric services group Hidroelectrica, the largest company on the Bucharest Stock Exchange (BVB), reported a net profit of RON 4.1 billion in 2024, down 35%, and revenues of RON 9.1 billion, 25% lower than in 2023, according to financial data published on Wednesday, February 26.  Hidroelectrica said its results were influenced by the decline in…

Romania’s High Court of Cassation and Justice has definitively rejected far-right politician Călin Georgescu’s appeal, through which he requested the suspension of the declassified documents that served as the basis for the annulment of the presidential elections in December 2024. The lawsuit was filed at the Bucharest Court of Appeal by the Association for the…

Medisprof Cancer Center has received approval for the Zonal Urban Plan (PUZ) for its new integrated oncology hospital in Cluj-Napoca, marking another step in the project estimated at a total of EUR 22 million. The approval paves the way for the construction phase, which is expected to begin in 2026 and take 24 months to…