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The European Commission and Romanian officials currently envisage a deficit of around 5.9% of GDP. JP Morgan had previously expected Romania to outperform its official deficit target this year. The current trajectory points to a budget deficit of around 5.7% of GDP in cash terms, compared with the official target of 6.2%, JP Morgan estimated,…

Cordia Romania, a member of Futureal Group and one of the most active international residential developers in the Romanian market, announces the appointment of Concelex, a leading Romanian construction company, as general contractor for Centropolitan, its flagship premium residential development currently under construction in the heart of Bucharest, adjacent to Bucharest Mall and Alba Iulia…

Mihai Bordeanu, Managing Director for South-Eastern Europe at Dacia and Country Head for Romania, said the company was waiting for the government to act after discussions with “various government representatives”. “I’m waiting for the next five months. At this point the ball is in the court of the Romanian Government, which must have a more…

Students across Romania return to classrooms on Monday, September 7, for the start of a new school year, but many children from vulnerable families risk arriving without the supplies they need. A World Vision Romania study found that 92% of surveyed rural parents and teachers believe pupils without a backpack and school supplies feel inferior,…

Romanian president Nicușor Dan made his first official visit to a meeting of the Supreme Council of Magistracy (CSM) on Thursday, September 3, but his 10-minute attendance produced little of the substantive debate on the judiciary he had promised earlier this year, with CSM members largely remaining silent, according to Hotnews.ro. The visit was particularly…

Students across Romania will return to classrooms on Monday, September 7, for the start of the 2026-2027 school year. The calendar includes 36 weeks of classes divided into five modules, with five holiday periods between them, Digi24 reported. The school year officially runs administratively from September 1, 2026, to August 31, 2027, but classes begin…

Update: In a first reaction, Andrew and Tristan Tate’s Romanian lawyer, Eugen Constantin Vidineac, said the new indictment does not establish the brothers’ guilt and confirmed that the defense would challenge any problems it identifies in the case. “Today’s decision by DIICOT does not determine guilt and it should not be presented as though it…

Arobs Transilvania Software, one of the largest technology companies listed on the Bucharest Stock Exchange, has sold its entire stake in Arobs Polska to WB Electronics. Before the sale, the company acquired the 5.66% stake held by Michal Drogosz, enabling the subsequent transfer to WB Electronics of 100% of the share capital of Arobs Polska,…

Romania’s High Court of Cassation and Justice lifted the house arrest imposed on mercenary Horațiu Potra on Thursday, September 3, allowing him to remain free under judicial supervision while standing trial. The court granted Potra’s appeal against the previous preventive measure, Agerpres reported. Horațiu Potra is one of the main defendants in a case concerning…

Romanian organized crime prosecutors have apprehended a Swedish citizen wanted by authorities in his home country over his alleged involvement in a shooting targeting two people in Stockholm. The suspect had lived in Romania for approximately three years, according to the Directorate for Investigating Organized Crime and Terrorism (DIICOT), as reported by Biziday.ro. Prosecutors searched…