Fitch Ratings: Romania Election Does Not Allay Medium-Term Fiscal Uncertainty

12.11.2020

Romania’s general election result points to continued political uncertainty and hence a still-challenging policy-making environment and the need to pass a 2021 budget will be a near-term test of the next administration’s cohesion and an indication of likely fiscal policy settings, Fitch Ratings said

President Klaus Iohannis Designates Dacian Ciolos (USR) for Prime Minister
10.11.2021

Romanian President Klaus Iohannis on Monday designated USR member Dacian Ciolos for prime minister. more
Romanian Government Collapses In No-Confidence Vote
10.05.2021

Romania’s center-right government of Liberal Prime Minister Florin Citu has been toppled in a no-confidence vote on Tuesday (October 5), with 281... more
- Romania Central Bank Raises Key Rate To 1.5% From All-Time Low Of 1.25%
AmCham: National Plan For Recovery And Resilience - Romania’s Chance for Modernization
09.29.2021

AmCham Romania said in a statement that Romania’s National Recovery and Resilience Plan (NPRR), approved by the European Commission and one of... more
Alpha Bank Romania, AFIR Sign Protocol To Ease Financing Of Rural Development Projects
09.28.2021

Alpha Bank Romania has signed a collaboration protocol with Romania's Agency for Rural Investment Financing (AFIR) in order to speed up the... more
BookTes Seeks To Attract EUR200,000 Financing To Further Develop Its Online Ticketing System
09.16.2021

Romanian startup BookTes, which developed a ticketing system for the online organization, management and sale of all activities in the... more
Fitch Ratings: Romania’s Political Crisis Poses Risks To Deficit Reduction
09.08.2021

International rating agency Fitch has warned the collapse of Romania’s coalition government could disrupt fiscal consolidation efforts, which are... more
Romania Ranks Sixth In The EU By Ratio Of Government Defense Expenditure To GDP
08.27.2021

Romania ranks sixth among European Union Member States, with a 1.7% ratio of general government expenditure on defense to GDP in 2019, Eurostat,... more
Romania And European Investment Bank Team Up To Support Project Implementation
08.26.2021

Romania’s government approved in its latest meeting a memorandum of understanding (MoU) proposed by the Ministry of Investments and European... more
Survey: Eight in Ten Romanian Employees Mull Working After Retirement
08.26.2021

Over six in ten Romanian employees say they do not have a plan to boost their revenues after retirement, such as private pensions or real estate... more
Romania Awarded “Exceptional” Rating For Its Record Wheat, Barley, Rapeseed Crops In 2021
08.25.2021

Romania was awarded the “exceptional” rating for its crops in 2021. Agriculture ministry data show that Romanian farmers obtained record wheat,... more
President Iohannis Signs Decree Appointing Dan Vilceanu As Finance Minister
08.18.2021

Romanian President Klaus Iohannis on Wednesday signed the decree appointing Dan Vilceanu to the position of finance minister. more
Romanian Gvt Doubles Number of Foreign Workers Admitted on Domestic Labour Market in 2021, to 50,000 Persons
08.11.2021

The government on Wednesday agreed to increase the number of foreign workers newly admitted on the Romanian labour market in 2021 by another 25,000. more
Fewer Births, More Deaths in June 2021 Vs June 2020
08.10.2021

The births of 14,877 children were recorded in June, 639 fewer than in June 2020 and 1,353 more than in May 2021, National Statistics Institute... more
Employment Agency: Romania Jobless Rate At 3% End-June 2021
08.03.2021

Romania's unemployment rate stood at 3% at end-June 2021, lower by 0.06 percentage points than in May 2021 and the same as the rate recorded in... more

Romania To Get EUR809M EIB Support for COVID-19 Resilience, Education, Energy, Private Investment

Higher education, water distribution, energy efficiency and private sector investment across Romania will benefit from more than EUR809

Alpha Real Estate Services Sells Three Hotels in Bucharest to Zeus International

Alpha Real Estate Services (ARES), the real estate arm of Greek Alpha Bank Group, has sold three iconic hotels in the heart of

EDP Renewables Prepares Return to Investments in Romania

Portugal’s EDP Renewables (EDPR), the third most important investor in green power in Romania, says new projects will only come if

Dacia Registers Record Orders for Electric Vehicle

Romanian carmaker Dacia, owned by France's Renault, registered a record number of orders over the weekend for its first all-electric

Developer Portland Trust Set to Invest in Solar Parks in Romania

Portland Trust, one of the most powerful real estate developers in Romania, says it plans to have a more than 500 MW solar park

Foreign Capital Inflows on Romanian Financial Market Drop 73% in 2020

Foreign investors operating on the Romanian financial market injected over RON200 million (around EUR42.3 million) as capital into

Cluj Metropolitan Train Line Gets Urban Planning Certificate

The Cluj county council has issued an urban planning certificate in view of area planning and feasibility studies for the city's future

Private Pension Assets in Romania Grow 21% in 2020

The assets managed by private pension funds (Pillar II and Pillar III) reached RON78.07 billion at the end of 2020, 21% higher compared

Colliers: Over 80% Of New Sales Spaces In 2021 Will Be Retail Parks, Including Smaller Shopping Centers

Real estate developers delivered some 142,400 square meters of new modern retail spaces in 2020, little over half of the estimates

Analysis

One in Ten Tourism Employees Exited Sector in 2020

One in ten tourism employees left the industry in 2020, so that the domestic hospitality market had just 165,000 workers last year, in line with ZF calculations based on Trade Registry data.