Category: Uncategorized

Oresa Industra, a key player in Romania’s industrial and logistics real estate sector, has leased 6,000 square meters of space in Industra Park Arad to Sellpy, a leading European second-hand retailer. The new warehouse, planned to become operational in the second quarter of 2025, will create over 300 jobs. This strategic decision marks an important…

Gabriela Ruse secured a spot in the second round of the Australian Open 2025 on Tuesday, January 14, after defeating fellow Romanian Irina Begu. Ruse won 6-4, 6-0 in a match that lasted just an hour and 19 minutes, News.ro reported. In the second round, Gabriela Ruse is set to face 19th seed Madison Keys…

Influential members of the National Liberal Party (PNL) expressed opinions on the resignation of president Klaus Iohannis, while party acting leader Ilie Bolojan defended Iohannis and rejected a formal approach in this regard.  Klaus Iohannis previously headed PNL, and the rather unpopular and constitutionally problematic decision to extend his term until the presidential elections are…

Romania’s financing needs will decrease to RON 231 billion (EUR 46 billion) this year from RON 251 billion in 2024, in line with the 7%-of-GDP cash public deficit (8.6% of GDP in 2024), according to Romanian finance minister Barna Tanczos speaking for Profit.ro. Fitch revised the Romanian sovereign rating’s outlook to negative for neutral in…

ING Bank estimates that the National Bank of Romania (BNR) will maintain the key interest rate at 6.50% at the meeting on January 15 due to persistent inflationary risks, according to a bank’s research note. The position tends to reflect consensus expectations. “While economic growth concerns are not to be taken lightly, we think the…

The net foreign direct investments (FDI) to Romania contracted in absolute terms by 7% y/y to under EUR 6 billion in 12 months to November 2024, while the FDI to GDP ratio dropped to 1.7% from 2.2% in the previous 12-month period, according to data published by the central bank (BNR). The FDI thus covered…

Romania’s current account (CA) deficit widened by 28% y/y to EUR 28 billion in 12 months to November 2024, amid the broad deterioration of the trade with goods and services and larger interest on external debt, according to data published by the central bank (BNR). The CA to GDP ratio advanced to 7.9% in the…

The Romanian far-right electorate accounts for less than 40%, but two of its candidates may make it to the second round of the presidential elections if the “traditional parties” fail to provide a coherent alternative – the rector of the Political Sciences School in Bucharest (SNSPA), Remus Pricopie, commented, mentioning “several polls that he consulted.”…

Genoa CFC announced on Monday, January 13, that its Board of Directors approved the appointment of Romanian businessman Dan Şucu as the new president of the football club. The decision came after last December, Dan Şucu, the owner of furniture retailer Mobexpert and the main shareholder of the Rapid Bucharest football club in Romania, officially…

Travelers planning to take advantage of Romania’s inclusion in the Visa Waiver program will have to pay around EUR 250 for a one-way plane ticket to the United States. Romania was formally designated the 43rd country to join the US Visa Waiver Program (VWP) on Friday, January 10. As a result, Romanians will be able…