Category: Uncategorized

Romania is preparing a state aid scheme for large industrial producers with a budget of EUR 580 million over the next six years, prime minister Marcel Ciolacu announced before the March 20 government meeting, according to an executive’s press release. The aid reportedly consists of prolonging and possibly further sweetening the 10-year partial exemption to…

The Foreign Ministry stated Thursday evening, March 20, that there has been no official communication regarding a possible change in Romania’s inclusion in the US Visa Waiver Program. The statement came amid media reports that the Trump administration is considering postponing Romania’s entry. Hotnews.ro quoted a response from the US Department of Homeland Security saying…

The Bucharest office market recorded its lowest level of deliveries in two decades in 2024, with only one major project completed, according to the annual report published by Colliers. Total rental demand fell by 18% compared to the previous year, but new demand remained at a similar level to 2023.  At the same time, more…

Sameday, the courier company in the eMAG group, announced that its new logistics center in the city of Ghimbav, Brasov County, has become operational, an investment of over RON 21 million (EUR 4 million), according to Economica.net. The logistics center has a total area of ​​6,800 sqm and is located on a 10,000 sqm plot…

Romania’s government will “unblock and accelerate” ten hydropower projects with a total installed capacity of 700 MW, where RON 12 billion (EUR 2.4 billion) was already invested, energy minister Sebastian Burduja announced, according to Economica.net.  The state-controlled group Hidroelectrica (BVB: H2O) carries out the projects. Minister Burduja has not explained why these projects are blocked…

The volume of construction works in Romania marked an outstanding annual advance of over 30% y/y in January, driven by the good weather that allowed infrastructure projects to continue at a high pace (+33.8% y/y), but also by the low base effects in the residential segment where the reported activity was unusually weak in the…

Romania is allocating EUR 440 million for the fourth edition of the Start-Up Nation scheme, which aims to support over 7,500 entrepreneurs, prime minister Marcel Ciolacu announced ahead of the government meeting on 20 March, according to an official statement.  The programme, launched in August 2024, will provide entrepreneurial training followed by financial support of…

About 46% of Romanians believe that what they currently buy is only the bare minimum to ensure their daily living due to inflation.  In the last month, Romanians spent the most on food products (89%), utilities (82%), personal hygiene products (73%), home care products (67%), and medicines or supplements (66%), according to a Reveal Marketing…

Xiaomi Corporation (“Xiaomi” or the “Group”; stock code:1810), a consumer electronics and smart manufacturing company with smartphones and smart hardware connected by an Internet of Things (“IoT”) platform at its core, announced its audited consolidated results for the year ended December 31, 2024 (“the Period”). The Group’s quarterly revenue exceeded RMB100 billion for the first…

Mall Moldova, a project developed by Prime Kapital Development in partnership with MAS, will have its grand opening in less than a month, aiming to become the leading shopping destination in the Moldova region, in eastern Romania. The construction of the mall is in its final stages, with the official opening scheduled for April 17,…