Category: Uncategorized

Hungarian low-cost carrier Wizz Air has announced plans to expand its Bucharest base with the addition of an Airbus A321neo aircraft in the summer of 2025, bringing the total to 19 aircraft stationed at Otopeni Airport. The airline also unveiled a new route to Chișinău and increased frequencies on 11 routes from the Romanian capital.…

Romania’s Labour Ministry published on November 13 the draft bill for updating the minimum statutory wage on an annual basis, by indexation with a coefficient that includes inflation and labour productivity gain, Cursdeguvernare.ro reported.  In case the result is lower than 52% of the projected average wage in the coming year, as projected by the…

Romania’s National Forestry Authority, Romsilva, is set to purchase over 4,000 hectares of forest land in Neamț County from Romanian-Swiss businessman Eric Ioan Sturdza for EUR 22 million, Profit.ro reported.  This acquisition, approved by Romsilva’s Board of Directors this summer, awaits final government authorisation.  The forested area lies adjacent to Ceahlău National Park, giving the…

The high competition among bidders pushed up the price charged by Romania’s largest wind farm, Fantanele-Cogealac, owned by Evryo owned by investment fund Macquarie, to RON 565 (over EUR 110) per MWh, a price that was paid by Electrica’s subsidiary DEER which won four of the seven contracts.  The starting prices ranged between RON 400…

The net inflows of foreign direct investments (FDI) in Romania increased by 9.5% y/y to nearly EUR 6.9 billion in 12 months to September 2024, while the new equity FDI surged by 50% y/y to over EUR 2.8 billion – a record for the past five years, according to data published by the National bank…

Romania’s current account (CA) deficit has widened by 26% y/y to EUR 26.3 billion in 12 months to September 2024, according to data published by the National Bank of Romania (BNR). It was a new record after the costly energy imports pushed up the CA gap in 2022 after the onset of the war in Ukraine.…

The industrial output index in Romania contracted by 2.5% y/y, and the rate was slightly steeper (-2.6% y/y) in the manufacturing segment in the third quarter of the year (Q3), according to data published by the statistics office INS. The seasonally-adjusted index diminished by 2.0% q/q (-2.7% q/q in the manufacturing segment) after the relatively…

The festive season is approaching as two of the country’s largest Christmas markets are opening to visitors this weekend, and more will follow this month. A selection of what and when is happening is below. Sibiu Christmas Market November 15 – January 5 The country’s longest-standing event of this type has expanded this year from…

The notifications requested from Ukraine and Moldova failed to confirm that nationalist leader George Simion (AUR) would be a Russian spy or would be in contact with Russian intelligence officers, Romanian prime minister Marcel Ciolacu stated in response to inquiries expressed by his rivals in the presidential elections, Nicolae Ciuca (Liberal Party, PNL) and Mircea…

Romania’s Senate has approved a USD 6 billion bill to purchase 32 F-35 fighter jets, engines, ammunition, and logistical support, securing 76 votes in favour.  This final parliamentary approval advances the bill to president Klaus Iohannis for promulgation unless contested at the Constitutional Court.  Under the terms, the aircraft delivery is expected by 2031, with…