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Fresh decrease in factory production volumes in June Sustained rise in total new orders, while exports fall again Cost pressures intensify, despite a renewed drop in input buying Though the headline BCR PMI® signalled no change in the health of the Romanian manufacturing economy, more granular data provided further insights into operating conditions. Overall, demand…

Elena Lasconi, mayor of Câmpulung-Muscel and recently elected to lead the reformist center-right opposition party USR, was also elected to be the party’s candidate for the upcoming presidential elections. Lasconi argued that democracy in Romania was at stake when she was chosen to lead the party a week ago. Her election was decided at the…

A new festival dedicated to classical music promises to bring the most remarkable international opera voices to Bucharest later this year. The lineup of the first edition of Masters of Classic includes Anna Netrebko, Angela Gheorghiu, Yusif Eyvazov, Rolando Villazón, Roberto Alagna, and Piotr Beczala. Scheduled for September 1-15, the major opera festival is expected…

Real estate developer Grand Development, founded and coordinated by Ionuț Nicolescu, closed a partnership with Radisson Hotel Group to open a five-star villa resort near the popular mountain city of Brașov under the upper-scale Radisson Blu brand. The opening date was set for the last quarter of 2026.  Radisson Blu Grand Mountain Resort is already…

Almost one in five (19.8%) people in Romania were affected by severe material and social deprivation in 2023, according to the data published on Friday, June 28, by the National Institute of Statistics (INS).  There were 3.97 million poor people in 2023, 59,000 less than in 2022, News.ro reported. “21.1% of the resident population lived…

Prime minister Marcel Ciolacu (Social Democrat) will hold talks with the leaders of all political parties in Romania starting Monday, July 1, to set the dates of the presidential elections. He emphasized that Friday, June 28, was the last day the government could adopt an emergency ordinance to organize the presidential elections on September 15,…

Romanian retail network LaDoiPasi, a concept developed by the German wholesaler Metro, opened 60 new stores on Friday, June 28, and reached more than 2,400 units across the country.  The 60 new stores are in both urban and rural areas. Some of the entrepreneurs chose to develop a new business, but most were owners of…

The shareholders of Hidroelectrica (BVB: H2O), the largest energy producer in Romania and the biggest company listed on the Bucharest Stock Exchange, approved in the general meeting on Friday, June 28, the rectified budget for the year 2024, according to an announcement published at BVB.  At the end of May, the company proposed a rectification…

Real estate developers Globalworth and Global Vision are negotiating with the Belgian group WDP for the sale of three logistics parks they jointly own in Romania. The negotiations are in an advanced state, according to Profit.ro. The three logistics parks are located in Constanta, Chitila (near Bucharest), and Targu Mures and have a combined GLA of…

Romania’s government adopted Thursday, June 27, an emergency ordinance that changes some of the provisions in the e-VAT regulation enacted on June 21 in the sense that some of the provisions related to e-VAT will be delayed until January 1, 2025, Economedia.ro reported.  The new e-VAT regulation is aimed at increasing VAT collection and reducing…