Category: Uncategorized
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Romania collects EUR 100 mln in extra health insurance contributions after reforms
Romania’s public health insurance system collected an additional RON 500 million (EUR 100 million) in August–September following the implementation of the first package of fiscal reforms under Law 141/2025, Economica.net reported, citing data from the Ministry of Finance. The increase resulted from extending health insurance contributions to retirees with pensions above RON 3,000, family members…
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Romania’s average net wages shrink by real 4.2% y/y in Q3 2025
The average net wage in Romania increased by only 4.6% y/y to RON 5,499 (EUR 1,075) in the third quarter of 2025 (Q3), slowing down from +7.6% y/y in Q2 and +9.7% y/y in Q1 and a double-digit rate in 2024, according to data published by the statistics office (INS). The rising inflation, at 9.2%…
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Romania’s central bank keeps base rate at 6.5%, anticipates widening aggregate demand deficit
Romania’s central bank (BNR) on November 12 decided to keep the monetary policy rate at 6.5%, in line with the consensus expectations. It has also updated the Inflation Forecast, anticipating a widening aggregate demand deficit with an impact on the disinflation trajectory, particularly after the end of September 2026, when the transitory inflation episode subsides.…
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Timișoara mayor Dominic Fritz passes interview to obtain Romanian citizenship
Dominic Fritz, the mayor of Timișoara and leader of the Save Romania Union (USR) party, announced on Thursday, November 13, that he has passed the interview required to obtain Romanian citizenship, receiving a positive decision from the authorities. Born and raised in Germany, he has lived in Romania for more than two decades. Fritz shared…
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Romanian tax agency moves to seize former president Klaus Iohannis’s main residence over EUR 1 mln debt
Romania’s National Agency for Fiscal Administration (ANAF) is preparing to seize the main residence of former president Klaus Iohannis to recover a debt of about EUR 1 million, Antena3.ro reported, as quoted by B1tv.ro. The sum stems from rent revenues that were ruled to have been illegally collected from a property acquired unlawfully by the…
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Romanian president pledges judiciary reform after resolution of magistrates’ pensions dispute
Romania’s president Nicușor Dan has pledged to tackle the judiciary’s weak performance once the issue of magistrates’ pensions is resolved, G4media.ro reported. The statement has sparked debate over whether the president is delaying necessary reforms by separating the judiciary’s privileges from broader questions of performance and accountability. President Dan criticised recent acquittals of senior officials…
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Romanian Parliament approves law to protect customers of real estate developers
The real estate developers can charge no more than 5% of the value of a contract as payment in advance, based on a preliminary note, and will have to return the money to the customer unless it signs the contract or promissory note within 60 days due to the sole default of the developer, according…
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Lion’s Head begins construction of EUR 65 mln logistics park near Bucharest
Lion’s Head Investments, part of AG Capital, has officially started the construction works for Lion’s Head Logistics Park – the company’s first such project in Romania. The development will span over 85,000 sqm in Popești-Leordeni on the outskirts of Bucharest, with an investment of EUR 65 million. The investment is supported by the International Finance…
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Romanian innovator ASSIST Software joins defence cooperation talks in Bucharest
ASSIST Software, a Romanian technology company leading in artificial intelligence and defence simulation, joined senior officials and industry leaders at the Conference on Defence Industrial Cooperation between Germany and Romania. Organized by AHK Romania under the patronage of the President of Romania, the event on November 10 highlighted Romania’s growing role as a strategic technology…
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Radisson Blu Hotel, Bucharest Earns Top Honors Across Global & Local Hospitality Awards
Radisson Blu Hotel, Bucharest, Romania’s largest five-star hospitality complex and a flagship property within the Radisson Hotels portfolio, has been recognized with multiple international and national awards, underscoring its continued commitment to excellence, innovation, and guest satisfaction. At the 32nd Annual World Travel Awards – Europe Gala Ceremony, held in Sardinia, Italy, Radisson Blu Hotel,…