Category: Uncategorized

The foreign direct investments (FDI) to Romania contracted by 16.8% y/y to EUR 5.7 billion (1.7% of GDP) in 12 months to July 2024, less than a quart of the EUR 26.5 bln current account (CA) deficit for the same period, according to data published by the central bank BNR. Gross FDI (inflows) was roughly…

Romania’s current account (CA) deficit widened by 21% y/y to EUR 26.5 billion in 12 months to July, after two record monthly deficits of over EUR 3 bln in June and July, according to data published by the central bank BNR. Instead of decreasing or at least remaining constant (at 7%) as expected by the…

Romania’s general government deficit reached RON 80 billion (EUR 16 bln), or 4.53% of the GDP projected for the whole year at the end of August, up from RON 71 bln (over EUR 14 bln, or 4.02% of GDP) one month earlier, according to Profit.ro quoting sources within the Finance Ministry familiar with the budget…

The total employment in Romania increased by 26,100 during the 12 months to July 2024 (+0.5% y/y), with the most active employers in the sectors of “administrative and support service activities” (B2B services, including the lucrative segment of call centers), constructions, HoReCa, food manufacturing and health (plus social) services. These have been the most active…

Romania’s industrial output marked a marginal 0.1% y/y advance in July, while the core manufacturing industries remained constant. Compared to the average output in the base year 2021 (which makes sense economically, being the first post-COVID year), the industrial output in July measured only 95.1%. The slow decline has been constant over the past three…

This article series tells the stories of the 15 finalists selected in the Made in Romania 2023 program. Made in Romania is the flagship program of the Bucharest Stock Exchange dedicated to the development and promotion of the Romanian entrepreneurial environment. The program’s goal is to select and promote Romanian companies that have the greatest…

Dulcinella, the Romanian confectionery and pastry business offering products with Bessarabian roots, has invested EUR 100,000 in the first unit launched after the rebranding of the network, bringing the total to 18 units. The chain plans further expansions. Dulcinella is a brand founded in 2005 in the Republic of Moldova, and since 2021 it has…

Romanian transport minister Sorin Grindeanu stated on Thursday, September 12, that there are nearly 800 kilometers of highways and express roads under construction in Romania. The minister also went into detail about the Focșani-Brăila express road, which will connect the A7 highway to the Brăila bridge and costs EUR 14 million per kilometer. “Focșani-Brăila has…

Romanian handball player Cristina Neagu announced on Thursday, September 12, that she will end her 25-year career at the end of the current season.  “I have decided to retire from handball at the end of this season. I made this decision a while ago; it wasn’t overnight,” Cristina Neagu said in a TV announcement. She…

GoTech World, the largest B2B expo-conference with IT and digital solutions in Central and Eastern Europe, will hold its 2024 edition at Romexpo in northern Bucharest on November 12-13. This year’s theme focuses on how emerging technologies beyond artificial intelligence define society’s future. Internationally renowned speakers will take to the 11 stages to present the…