Category: Uncategorized

Romania’s president Klaus Iohannis and prime minister Marcel Ciolacu reacted to the attack on Slovakia’s PM Robert Fico, who was shot several times on Wednesday, May 15. The Romanian officials condemned the incident and said they were shocked by the news.  “Appalled to learn about the shooting of the Slovak prime minister Robert Fico. I…

Bibiana Stanciulov, the owner of the company that produces Magiunul de Topoloveni (a registered traditional plum jam), one of the most famous Romanian food brands, sued Metro retailer for refusing to accept paying a higher price and eventually delisting her products, according to Hotnews.ro. Stanciulov claims that the retailer’s management previously agreed to pay a…

Gameloft, a French producer and developer of video games, has decided to close the studio in Cluj-Napoca, opened 15 years ago, and to fire all 136 employees from this headquarters, the company told Economedia.ro. The information came from an employee who conveyed that, on May 13, 2024, following an internal meeting with all the employees…

The average net wage in Romania increased by 14.1% y/y to RON 4,973 (EUR 1,000) in Q1, after the earnings in March surprisingly exceeded those in December – seasonally boosted by yearend bonuses, according to data published by the statistics office INS. The higher net wages in March were in the tobacco processing industry (RON…

Romania’s seasonally (and workday) adjusted  GDP rose by 0.5% q/q in Q1, reversing the 0.6% q/q decline in Q4 and bringing the index close to the level in Q3 last year – according to flash estimates published by the statistics office INS.  The flash q/q estimate is roughly half of the expectations expressed in a Bloomberg survey,…

Along with the consensus scenario of strong fiscal stimulus and robust domestic demand, the European Bank for Reconstruction and Development (EBRD) projects strong economic growth of 3.2% this year and 3.4% in 2025 for Romania, under the latest Regional Economic Prospects report published on May 15. The main vulnerability remains the fiscal position, the EBRD…

The governor of the National Bank of Romania (BNR), Mugur Isărescu, speaking at the Inflation Report unveiling on May 15, declared that a fiscal correction is “absolutely necessary,” but it is hard to carry out such policies during an electoral year such as 2024.  “[The fiscal correction] is absolutely necessary, and we encourage the government…

Reflecting the discretionary rise in public wages, the pension reform, and the strong public investments and despite the first fiscal corrective package passed in 2023 (with a positive impact of 1% of GDP this year), Romania’s budget deficit will rise from 6.6% of GDP last year to 6.9% of GDP this year (ESA terms), according…

The American Independent Film Festival (AIFF) returns for its 8th edition in Romania next month, showcasing films from June 7 to 13 in Bucharest and, for the first time this year, in the magical setting of Bran Castle on June 7 and 8. For the first time in the festival’s history and that of the famous Bran…

Romanian president Klaus Iohannis recently approved a law stipulating that persons with disabilities will have unrestricted access to public transportation, shops, and other spaces with guide dogs. The law, initiated by deputy Oana Țoiu and senator Silvia Dinică, was adopted by Parliament in mid-April. “From now on, people with disabilities can be accompanied by guide…