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
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Employment Agency: Romania Jobless Rate At 2.72% End-November 2021 12.27.2021
Romania's unemployment rate stood at 2.72% at end-November 2021, lower by 0.04 percentage points than in October 2021 and by 0.60 percentage points... more
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Bucharest Unemployment Rate At 1.15% In November 2021 12.27.2021
Capital city of Bucharest registered 14,080 jobless people (of whom 7,497 women) at the end of November 2021, taking the unemployment rate to... more
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Luxembourg, Bulgaria, Greece, Romania See Lowest Decreases In Air Passenger Transport In The EU In 2020 12.06.2021
Air passenger transport plunged by 73.3% in 2020 across the European Union, with Luxembourg, Bulgaria, Greece and Romania reporting the lowest... more
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INS: Number Of Job Vacancies In Romania Grows To 47,300 In 3Q/2021 11.18.2021
In the third quarter of 2021, the number of job vacancies in Romania stood at 47.3 thousand, increasing by 7.7 thousand as against the previous... more
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Private Pensions Funds In Romania Paid Over RON1B To 115,000 Beneficiaries In Last 14 Years 11.18.2021
Private pension funds in Romania on the mandatory (Pillar II) and voluntary (Pillar III) segments made payments worth over RON1 billion (EUR200... more
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Employment Agency: Bucharest Jobless Rate At 1.17% In September 2021 11.10.2021
The unemployment rate in capital Bucharest stood at 1.17% at end-September 2021, lower by 0.85 percentage points compared with 1.18% in August... more
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European Commission Approves EUR358M Romanian Aid Scheme For Pandemic-Hit SMEs 10.27.2021
The European Commission on Wednesday said it has approved a Romanian scheme worth EUR358 million aimed at supporting small- and medium-sized... more
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Romania Spent RON15.7B, Or Nearly 1.5% Of GDP, On Environmental Protection In 2020 10.22.2021
Romania’s environmental protection expenditure stood at RON15.7 billion in 2020, or nearly 1.5% of the gross domestic product (GDP), with the... more
Ford Romania on Friday revealed the one millionth vehicle manufactured at its Craiova assembly facility, which is a Puma ST-Line in
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CTP, the biggest developer and manager of industrial and logistics space in Romania, has over 270,000 square meters under construction
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Foreign tourists who came on holiday in Romania in January-October 2021 spent around EUR2 billion, in line with data provided by the
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Ford’s assembly facility in Craiova has produced one million vehicles between 2009 and 2021, in the amount of EUR18 billion, of which
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Investment in companies developing technology to try to combat the climate crisis grew to $87.5 billion in the year leading up to June
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Belgium’s Louis Delhaize Group, present in Romania since 2003 with hypermarkets under the cora brand, has reached an agreement with
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Garanti BBVA Romania, one of the most dynamic lenders on the local market, has signed a financing agreement worth EUR40 million with
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With 99,698 new vehicles sold until December 20, 2021, Dacia is at the top of sales to individuals in France in 2021, according to
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Poland’s group CCC is bringing in Romania in 2022 the HalfPrice brand, which will operate on the fashion outlet segment, according to
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What Chances Do Romanian Entrepreneurial Companies Stand to Become “Multinationals of the East”?
A rising number of companies, not just from the tech field, are exporting their business model abroad, gaining new markets and strengthening their operations, acting as genuine “multinationals” of the East. Is this concept functional at present and can it be used in any field?