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The State Department (DoS) in the United States announced it greenlighted the sale of 32 F-35 fighter jets to Romania under a deal estimated at USD 6.5 billion and financed under the Foreign Military Financing (FMF) facility and from other loans guaranteed by the US Government. The Defense Security Cooperation Agency filed the necessary certification…

Romania may ask the European Commission to allow it to maintain the price capping policy that should be phased off as of the end of March 2025, energy minister Sebastian Burduja announced on September 13, Profit.ro reported. The request is based on the high market prices in the region resulting from the lack of functioning…

SFC Energy, a leading provider of hydrogen and methanol fuel cells for stationary, portable, and mobile hybrid power solutions, opened its largest production facility to date, located in Cluj-Napoca, Romania, on September 12.  The company says the new factory is designed to serve the rising demand for its products: hydrogen and methanol fuel cells for…

Romania’s gross external debt, including the inter-group loans contracted by FDI companies in Romania from their parent groups, reached EUR 180 billion at the end of July, EUR 21.5 bln more compared to July 2023, according to data published by the central bank BNR. The debt-to-GDP ratio increased to 53.5% from 52.5% one year earlier.…

The foreign direct investments (FDI) to Romania contracted by 16.8% y/y to EUR 5.7 billion (1.7% of GDP) in 12 months to July 2024, less than a quart of the EUR 26.5 bln current account (CA) deficit for the same period, according to data published by the central bank BNR. Gross FDI (inflows) was roughly…

Romania’s current account (CA) deficit widened by 21% y/y to EUR 26.5 billion in 12 months to July, after two record monthly deficits of over EUR 3 bln in June and July, according to data published by the central bank BNR. Instead of decreasing or at least remaining constant (at 7%) as expected by the…

Romania’s general government deficit reached RON 80 billion (EUR 16 bln), or 4.53% of the GDP projected for the whole year at the end of August, up from RON 71 bln (over EUR 14 bln, or 4.02% of GDP) one month earlier, according to Profit.ro quoting sources within the Finance Ministry familiar with the budget…

The total employment in Romania increased by 26,100 during the 12 months to July 2024 (+0.5% y/y), with the most active employers in the sectors of “administrative and support service activities” (B2B services, including the lucrative segment of call centers), constructions, HoReCa, food manufacturing and health (plus social) services. These have been the most active…

Romania’s industrial output marked a marginal 0.1% y/y advance in July, while the core manufacturing industries remained constant. Compared to the average output in the base year 2021 (which makes sense economically, being the first post-COVID year), the industrial output in July measured only 95.1%. The slow decline has been constant over the past three…

This article series tells the stories of the 15 finalists selected in the Made in Romania 2023 program. Made in Romania is the flagship program of the Bucharest Stock Exchange dedicated to the development and promotion of the Romanian entrepreneurial environment. The program’s goal is to select and promote Romanian companies that have the greatest…