Category: Uncategorized

Romania’s gross domestic product (GDP) per capita, adjusted for purchasing power parity (PPP), reached 78% of the European Union average in 2023 (74% in 2022), according to data from the statistics office INS confirmed by Eurostat.  Poland and Hungary followed closely, both at 77% of the EU average. The lowest GDP per capita relative to the EU average…

Romania’s economy will accelerate to a 1.8% growth rate in 2025 and 2.5% in 2026, according to the forecast issued by UniCredit for the region. The strongest growth rate this year is expected in Serbia (over 4% y/y), with Slovakia (+1.6%) marking the weakest performance.  Wages will continue to grow in the region, outpacing inflation and…

The volume of natural gas used by Romania in the first eleven months of 2024 decreased by 2.7% y/y to 8.6 million tonnes of oil equivalent (toe) while its production edged up by 1% y/y to 6.9 million toe, according to data published by the statistics office INS. Imports of natural gas thus decreased by…

The detergent and cleaning products manufacturer Sano, owned by the family of Israeli businessman of Romanian origin Bruno Landsberg, is preparing to develop a new logistics center near its factory in the western part of Bucharest (Pantelimon), for the storage of hygiene products, according to documents consulted by Profit.ro. The project, aimed to address the…

The American FMCG group P&G increased the capital of its detergent factory Detergenti SA in Romania by RON 90 million (EUR 18 million) last year in November, according to Economica.net quoting data from the Trade Registry. Detergenti SA is controlled by Procter&Gamble Marketing Romania as the majority shareholder (99.9%), which in turn is controlled by…

Ten non-governmental organizations in Romania have issued a joint letter criticizing the executive for the emergency ordinance adopted on Thursday, January 16, which provides sanctions, including a turnover tax, for social media giants that fail to obey rules regarding electoral ads. Another government measure under fire from the opposition limits voting in the diaspora according…

Dacia, part of the French Renault group, will launch several electric models to compete with Chinese brands for the affordable EV car market in Europe. The first electric model will be the next Sandero, which will appear sometime at the end of 2027, the brand’s director, Denis Le Vot, said on Thursday, according to Reuters.…

Happy 2025, dear Insiders, may it be a good year! And let it start with classics, some universal, some underground. Italian director Federico Fellini is one of the biggest names in the history of the medium. To say he was very influential is an understatement. He has his own adjective (Fellini-esque) while scenes from his…

Romanian national airline Tarom announced the establishment of a new company, Tarom Tehnic, dedicated to providing maintenance and repair services for civilian aircraft, specializing in Boeing, Airbus, and ATR models. The new company is expected to generate revenues of up to EUR 10 million in its first year of operation, according to estimates from the…

Romania has been named the special guest country at the 2026 Cairo International Book Fair, the Ministry of Culture announced. The event will coincide with the celebration of 120 years of Romanian-Egyptian diplomatic relations. According to the ministry, the news was shared by Dr. Ahmed Fouad Hano, Egypt’s minister of culture, during a press conference…