Category: Uncategorized

Romania’s interior minister, Cătălin Predoiu, expressed cautious optimism about the country’s prospects for full Schengen accession following a meeting scheduled for November 22 with Austrian interior minister Gerhard Karner.  Speaking on local news channel Antena 3, Predoiu stated that “the pieces are quite well placed” for progress on accession with land borders, Digi24 reported. However,…

Romgaz (BVB: SNG), the largest producer and main supplier of natural gas in Romania, will list its first bond issue, worth EUR 500 million and aimed to finance the Neptun Deep offshore gas project, on the Bucharest Stock Exchange on November 19. In October, Romgaz issued the first EUR 500 million tranche of a EUR…

Left without heating after a coal-fired unit at Electrocentrale Craiova broke down, Ford Otosan’s automobile plant in southern Romania ceased operations on November 13, Profit.ro reported. The losses at the factory that is producing some 1,000 automobiles and 1,700 EcoBoost engines per day are estimated in the range of tens of millions of euros.  The…

Bucharest Exchange-listed Premier Energy Group, active in the renewable electricity generation and energy supply activities in Romania and Moldova, announced its revenues rose by 25% y/y to EUR 816 million in January-September and by 61% y/y to EUR 303 million in Q3 alone, driven by both organic performance and strategic acquisitions. The net profit, however, shrunk…

Romania’s leading energy producer, Hidroelectrica (BVB: H2O), announced its output decreased by 22% y/y to 11.35TWh in January-September, citing both market conditions (a change in the regulations that resulted in volatile prices and volumes traded) and adverse hydrological conditions.  The revenues contracted by 25% y/y to RON 7.2 billion (EUR 1.44 billion), roughly in line…

Lower electricity production amid slightly higher domestic demand and the reliance on intermittent renewable resources led to increasingly more situations when Romania imports electricity at the maximum capacity of its interconnectors, although the net electricity deficit is in the range of only some 3% of total consumption. The power storage capacities can smooth supply and…

Two other Romanian citizens have been confirmed dead after the devastating floods that hit the Valencia region roughly two weeks ago. According to the Ministry of Foreign Affairs (MAE), this brings the total number of Romanian casualties to nine. All those previously reported missing have now been found safe. “The representatives of the Romanian Consulate…

Romania’s economy increased by 1.1% y/y in Q3, disappointing many analysts and bringing the ytd growth rate to only 0.9% y/y in January-September, according to flash estimate data published by the statistics office INS. A Bloomberg survey indicated expectations for 1.6% y/y growth in Q3. Agriculture adds to the long list of economic sectors that dragged…

Dutch classical music star André Rieu will return to Romania for two concerts at BTarena in Cluj-Napoca on November 13 and 14, 2025. Rieu’s concerts in Romania, where he enjoys a high degree of popularity, have set multiple attendance records. In 2015 and 2016, he performed nine sold-out shows in Bucharest’s Constitution Square for over…

The demand for logistics and industrial spaces reached 575,000 sqm during the first 9 months of this year, a decrease of 20% compared with the same period of 2023, according to a report by real estate consulting company Cushman & Wakefield Echinox.  The figures for Q3 2024 reveal that 164,000 square meters were contracted, a…