Category: Uncategorized

The support package for large industrial investments, approved [in principle] by the Romanian government on September 18, includes, among others, an installation bonus that can represent up to 35% of the investment, deputy prime minister Marian Neacsu, responsible for the development of the project, told Radio Romania, as quoted by Economedia.ro. The industrialization plan and…

The first half of 2024 ended with a modern stock of industrial and logistics space in Romania of about 7.3 million square meters, and developers have more than 700,000 sqm under construction in various stages, according to a Colliers’ report on real estate market developments for the first half of the year.  Thus, the modern…

The financial damage caused by the drought could exceed EUR 2 billion nationally, given the massive production losses, the additional costs for irrigation, and the lack of capitalization of the production at a fair price, according to the data provided by the Romanian Farmers’ Club (CFRO) to Economedia.ro.  CFRO warns that food prices may rise…

The government ratified on September 18 the agreement between Romania and the International Bank for Reconstruction and Development (IBRD) on a EUR 599 million loan to fund green investment projects in energy and transport, but also the public budget deficit, announced the Executive’s spokesperson Mihai Constantin. These funds will finance the green transition, mainly actions…

Under the revised budget planning for 2024, Romania’s general government budget deficit would reach RON 123 billion (EUR 25 bln) or 6.95% of the GDP projected to grow by real 2.8%, compared to a RON 87 bln (EUR 17.5 bln, or 5.9% of GDP) envisaged initially, according to the budget revision draft consulted by Ziarul…

While preparing the first Samurai bonds in the past decade, Romania tapped on September 19 the international bond market by raising the equivalent of EUR 5 billion with three issues denominated in euros (two issues) and US dollars, according to Ziarul Financiar. They account for a significant part of the RON 37 bln (EUR 7.5…

The international transport and logistics company Gebrüder Weiss recently inaugurated a new hub in the southeast of Bucharest, consolidating its position in the Romanian market.  The new terminal, located in Popești-Leordeni, became operational after a EUR 20 million investment, and will eventually lead to the creation of 90 jobs. “The new location complements the already…

Raiffeisen Bank Romania has finalized the selection process for MoonShotX – a unique project on the local market, supporting companies with a turnover between 5 million and 50 million euro (Mid-Corporate) to expand their business internationally.  After a selection period of 3 months, 22 companies were selected out of a total of more than 760…

Writer and translator Corina Oproae has won this year’s Premio Tusquets Editores de Novela for the novel La casa limón, set against the background of the Ceaușescu regime. Oproae, who was born in Făgăraș, has been living in Spain since 1998. She has published the poetry books Mil y una muerte, Intermitencias, and Desde donde…

NN Group, active locally in the private pension and insurance segments, and impact venture fund Rubio Impact Ventures have launched the NN Social Innovation Startup Awards competition, which aims to boost early-stage tech startups working to create a positive impact. The competition takes place in ten countries in Europe, including Romania, and in Japan. The…