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Salt Bank, the first Romanian neobank, received international recognition in London, at the Banking Tech Awards 2024, winning the award for Best Use of Tech in Retail Banking, an achievement that reflects the work of the team and its partners, GFT and Engine by Starling. In less than a year, Salt Bank has created a…

Thousands of people gathered in Bucharest’s Universității Square on Thursday evening, December 5, for a pro-democracy, pro-Europe rally titled “Romania Hopes,” held just three days before the critical presidential runoff election on December 8. The event featured speeches from several public figures, including actors, musicians, and writers, who called for unity, democratic values, and a…

The Russian Embassy in Bucharest condemned the US State Department for “interfering” in Romania’s presidential elections after the latter expressed concern over “state actors” influencing voters on social media.  On December 4, the US State Department warned Romania about “serious negative consequences” if the country distances itself from the West through the election of pro-Russian…

The Foreign Investors Council (FIC) has emphasized the continued importance of Romania’s NATO and EU memberships, as well as the country’s accession to the Schengen Zone and OECD, for attracting foreign investments.  According to a recent analysis of taxes paid by member companies and their employees in 2023, FIC companies invested RON 17 billion, accounting…

Romania’s forestry authority Romsilva announced that it is offering over 18,000 Christmas trees for sale during the holiday season.  Around 14,000 of the trees up for sale are fir trees, and prices at the various forestry offices range from RON 15 (EUR 3) to RON 35 (EUR 7), depending on the size and species of…

The CFA Romania Association’s Macroeconomic Confidence Indicator decreased in November by 13.5 points to 31.4 points, the lowest level since July 2020, according to the latest report. “Amid extremely high political uncertainty, and the sharp increase in investor risk aversion, the confidence indicator has fallen to levels reached only during the Coronavirus pandemic,” commented Adrian…

Moldova’s prime minister Dorin Recean sacked minister of energy Victor Parlicov, head of state-owned energy trade Energocom Victor Binzan, and state’s representative in the Supervisory Board of Moldovagaz Sergiu Tofilat, whom he accused of failure to secure the necessary natural gas deposits ahead of the winter. PM Recean sent lawmakers a request to introduce a…

In Romania, the percentage of young people with digital skills is only 46%, the lowest in the EU and lower than that of neighboring Bulgaria, which has 52%. The European average is 71%, according to Eurostat data for 2023. Despite spending so much time online, young people in Romania are the least prepared in the…

The Romanian oil, gas, and fuel companies with a turnover of more than EUR 50 million will continue to pay the minimum tax on turnover of 0.5% – not 1.5%, as a Fiscal Code provision recently passed by lawmakers and promulgated by the president seemed to suggest, Economica.net reported. On December 4, the government adopted…

Romania’s electricity imports exceeded the 3,000 MW threshold for the second consecutive day on December 5, close to the maximum capacity of the cross-border transmission network.  This is partly due to the fact that renewable energy production is almost non-existent, Profit.ro reported.  Another reason for these huge imports is that some [renewable energy] producers prefer…