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The operator of Bucharest’s subway network, Metrorex, announced the issuance of the Order to Start the Execution of Works for the Ion IC Brătianu station, one of the six stations of the northern section of subway Line 6.  This marks important progress in the implementation of Line 6 of the network, between the existing 1…

The industrial output in October increased by 1.3% y/y and by 0.4% m/m in seasonally adjusted terms, according to data published by Romania’s statistics office INS. The seasonally-adjusted industrial output has increased 2.2% over the past three months [August-October]. But this was only after a 4.2% m/m plunge in July. There are two ways of…

Romania’s gross external debt increased by EUR 23.9 billion over the past 12 months to EUR 186.3 billion at the end of October 2024, according to data published by the National Bank of Romania (BNR). The debt-to-GDP ratio reached 53.7%, up from 52.2% one year earlier. Out of the total EUR 23.9 billion rise in…

The net foreign direct investments to Romania increased by 3.3% y/y to EUR 6.3 billion in the 12 months to October, the central bank (BNR) announced.  The larger financing extended by foreign groups to their Romanian subsidiaries thoroughly explains the improvement: local subsidiaries’ net borrowing from parent groups increased by EUR 863 million in the…

Romania’s current account (CA) deficit rose by 32% y/y to EUR 28.4 billion in 12 months to October, driven by a wider deficit of trade in goods, a smaller surplus of trade in services, and stronger outflows generated by the direct and indirect investments made by foreign investors. A small improvement in secondary transfers couldn’t…

Romania produced only 43.75 TWh of electricity in January-October, 8.3% less compared to the same period of 2023, while the total domestic consumption (technological consumption included) edged up by 0.9% y/y to 43.06 TWh, according to the data published by the statistics office INS. The production of electricity in hydropower plants dropped by 21.3% y/y…

Defense officials confirmed that Belgium will increase the number of troops in NATO’s Battle Group in Romania in 2025, while also expanding major multinational training events. Officials from the Romanian Army and the Minister of Defense from the Kingdom of Belgium, Ludivine Dedonder, visited the Belgian troops within NATO’s Battle Group in Cincu, Brașov County,…

Romania received three additional F-16 Fighting Falcon fighter jets on Friday, December 13, as part of its ongoing efforts to enhance national and NATO air defense capabilities. The aircraft, purchased from Norway, landed at the 71st Air Base “General Emanoil Ionescu” in Câmpia Turzii, joining the fleet of the 48th Fighter Squadron. This latest delivery…

A group of Bulgarian cybersecurity experts known as BG Elves has revealed that the Russian Federation has spent EUR 69 million to fund a large-scale propaganda and interference campaign targeting Bulgaria and Romania.  The campaign aimed to promote far-right narratives within the two countries. The funds were channeled through small, difficult-to-detect transactions, with amounts as…

Romanian prosecutors are investigating far-right politician Diana Șoșoacă’s candidacy in this year’s European Parliament elections and have requested documents regarding the matter from the Permanent Electoral Authority (AEP). “We mention that on Friday, December 13, 2024, a request was received from the Prosecutor’s Office attached to the High Court of Cassation and Justice – National…