Category: Uncategorized

NAGA, the Frankfurt Stock Exchange-listed fintech active in over 100 countries, launches NAGA Earn, a new service aimed at investors looking to earn a return on idle cash sitting in trading accounts. With NAGA Earn, users receive a benefit similar to interest, applied directly to the available cash balance of their euro trading accounts, with…

The head of INSCOP polling form, sociologist Remus Ștefureac, said the gap between the two candidates in the second round of the presidential election in Romania, isolationist candidate George Simion and his challenger, pro-EU Bucharest mayor Nicusor Dan, has narrowed to 4.4 percentage points. It will be a close race, Ștefureac wrote in a Facebook…

Yeşilyurt Enerji, a Turkish energy producer, supplier, and trader, is acquiring a 41 MW solar project in Romania, Dâmbovița County, according to Economedia.ro, quoting a press release sent by the consulting company Dentons. The project is in the “ready-to-build” phase, meaning it is ready for construction and has all the necessary permits to start work.…

Alive Capital, a Romanian company that provides integrated management services to renewable energy producers since 2013, has developed a 23 MW PV park with financial support from the National Recovery and Resilience Plan (PNRR), according to Economedia.ro. The “Da Vinci New Project” photovoltaic park in Nanov, Teleorman County, includes an electricity storage component, currently in…

Independent presidential candidate Nicușor Dan, the current mayor of Bucharest, has stated that Romania’s fiscal consolidation must focus primarily on reducing public expenditure rather than increasing the tax burden, though he did not rule out future tax hikes if necessary.  His remarks came during an economic debate broadcast on RomaniaTV, where the country’s growing budget…

A tax adjustment or even a hike appears increasingly unavoidable in Romania, according to Dragoș Anastasiu, advisor to acting president Ilie Bolojan. His remarks, made during a public discussion on the country’s fiscal outlook, come as Romania grapples with a public deficit that exceeded 9% of GDP in 2024, and the government has delayed fiscal…

Polish modern convenience retailer Żabka Group issued a PLN 1 billion (EUR 236 million) local currency sustainability-linked bond to finance its operating costs and capital expenditures in Poland and Romania, the European Bank for Reconstruction and Development (EBRD) announced. The EBRD is a shareholder of Żabka and has purchased PLN 140 million (EUR 34 million)…

The retail sales volume index in Romania increased by 3.5% y/y in Q1, less than half of the outstanding growth rates in 2024 (+8.6% y/y), according to the statistics office INS. Slower disinflation and comparatively modest wage hikes contributed.  The food sales dropped by 2.0% y/y in Q1 (+3.8% y/y in 2024), but the non-food…

Regardless of the outcome of the presidential elections in Romania, policymaking would become more fragmented, less stable, and less effective over the next few months, S&P Global told Reuters. “(This) could lead to weaker growth, fiscal, and external outcomes than our already pessimistic assumptions,” the rating agency said. S&P Global said its post-election scenarios included…

In an attempt to demonstrate the support he enjoys from the US administration in his race for the Romanian presidency, far-right candidate George Simion claimed that the Homeland Security Department had congratulated him after his win in the first round, according to G4media.ro. Simion, the leader of AUR, also thanked the US for taking Romania…