Category: Uncategorized

After weeks of negotiations, ruling coalition partners PSD (Social Democrats) and PNL (Liberals) agreed on the dates for the upcoming presidential and parliamentary elections during a meeting on Thursday morning, July 4.  Thus, according to the electoral calendar made public on July 4 and quoted by Biziday, Romanians will vote on three consecutive weekends later…

The results obtained by the students participating in the National Examination exams at the end of the 8th grade, before the appeals, are weaker than last year. In Mathematics, approximately 31.3% of the candidates did not get passing grades of at least 5, while last year, the percentage was 24.6%.  The share of passing grades…

The season of summer festivals is in full swing, both in Bucharest and in the country, with artists and genres to cater to every taste and interest.   In Bucharest: A Music to Remember July 5 – July 7 Sala Radio hosts this event dedicated to the music of the interwar period, from tangos and…

Although over half of the respondents in AmCham Romania Business Barometer rate the predictability of the investment framework and economic and industrial policy as poor & bad, they concluded that “Romania is the best investment destination in the region,” and 72% of them will continue investing this year. Fiscal policy and taxation are once again…

Romania’s economic landscape shows mixed signals in 2024. While inflation is falling, it remains the highest in the EU. Industrial output and consumer prices are comparatively low, and tourism is rebounding. The World Bank forecasts moderate growth, but challenges persist with fiscal policies, e-invoicing implementation, and preparation for potential Eurozone entry. In the past month,…

The European Commission’s Energy Directorate, under Article 41 of the Euratom Treaty, issued a positive opinion on the technical and safety aspects of the expansion project at the Cernavoda nuclear plant operated by state-controlled Nuclearelectrica (BVB: SNN), the company announced in a note to investors. The project, which consists of the development of two new…

Prospective investors filed some 90 projects for developing construction materials factories, totaling EUR 1 billion of investments, under the CinstructPlus grant scheme financed by the Romanian government. Only 7-8 projects will be financed, according to government officials quoted by Ziarul Financiar. The scheme has a budget of EUR 150 million this year, but it is…

The ruling coalition in Romania postponed the election of the new board of directors at the central bank (BNR) until September, according to sources familiar with the process quoted by Ziarul Financiar. But a new term for BNR governor Mugur Isarescu is highly likely. The two parties reportedly waited until after the European electrons, then…

The road traffic along one of the two main transport routes across the Carpathians in Romania (Olt Valley) and over the Danube bridge Giurgiu-Ruse towards Bulgaria will be temporarily restricted with a significant impact on tourism but also on the freight traffic that heavily relies on these routes. On July 3, minister of transport Sorin…

The weighted average price of the day-ahead market (DAM) in Romania was RON 520 (EUR 104) per MWh, according to data provided by the market operator, OPCOM, quoted by Economica.net. This is 18% more than in May and 58% more compared to April.  The sharp rise comes after a steady decline of the prices in both…