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Romania ranks third among the Central and Eastern Europe member states of the European Union (EU) in terms of the value of electronic commerce, after Poland and the Czech Republic, according to the “European Ecommerce 2024” report, cited by the Romanian Association of Online Stores (ARMO). According to the document cited by G4media.ro, the volume…

The data-dependent National Bank of Romania (BNR) will keep the key rate on hold at 6.5% at its last meeting of this year scheduled on November 8, according to a research note published by Erste Group. The decision would be based on the large fiscal slippage this year (recently confirmed by the government), a still…

International agency S&P affirmed Romania’s BBB-/stable sovereign rating and said it would not take negative actions unless the government deficit exceeded its rather comfortable current medium-term projections or if other existing imbalances such as high inflation or substantial current account deficits persisted. S&P doesn’t have great expectations from Romania’s twin deficit narrowing, but it believes…

Starting October 10, stores in Romania are required to inform consumers about changes in product quantities when the presentation, packaging, and form remain the same, even if the price stays unchanged. The regulation is issued by the National Authority for Consumer Protection (ANPC) and is aimed at combating the phenomenon of “shrinkflation.” In essence, it refers…

Romania’s Central Electoral Bureau announced this week the final validation of 14 candidates for the presidential elections set to take place at the end of November. Ten of them have the backing of political parties, while four are independents. The Bureau also announced the order in which candidates will appear on the ballot after a random…

David Popovici, a double world champion and Olympic swimming champion, has raised over EUR 160,000 in just 10 days to help build a family home for children with special needs, exceeding the initial target of EUR 115,000. The initial amount represented a quarter of the money needed to build a family home for 11 children…

German president Frank-Walter Steinmeier awarded Silviu Vexler, the president of the Federation of Jewish Communities in Romania and deputy of the Jewish minority in the Romanian Parliament, with the Cross of Merit in the rank of Officer of the Order of Merit of the Federal Republic of Germany. He was honored for his “tireless and…

The famous Sarmizegetusa Regia Dacian site in Orăştiei Mountains, Romania, will be temporarily closed to the public between October 14 and November 30 for planned works at the entrance gate.  “During this period, works are being carried out at the entrance gate (West gate) as part of the project “Capital of Dacia – Living Museum…

Atria Urban Resort, the residential real estate complex developed in the north-western area of Bucharest by Evergent Investments in partnership with Cityring Property, announced the completion of Phase III and the launch of the final stage, during which over 450 apartments will be constructed, out of a total of 1,365. The project’s total value will…

The Agista investment fund announced that it is exiting Dendrio Solutions, an IT company controlled by Bucharest Exchange-listed Bittnet Systems, with a yield of 60% and an Internal Rate of Return (IRR) of 22%, achieved over a period of two and a half years. Bittnet Systems announced that it purchased an 11.78% stake in Dendrio…