EC Approves Compensation to Energy-Intensive Companies in Romania
05.11.2020
The European Commission has approved, under EU State aid rules, Romanian plans to partially compensate energy-intensive companies for higher electricity prices resulting from indirect emission costs under the EU Emission Trading Scheme (ETS).
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World Bank Promotes Romania to High Income Group 07.03.2020
The World Bank has reclassified Romania as a high-income country from the upper-middle income category after incorporating 2019 data. more
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Romanian Government Proposes EUR100B Economic Relaunch Plan 07.01.2020
Romania's liberal government is proposing a EUR100 billion ten-year economic plan, which includes grants to companies, and that seeks to switch to... more
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Romania Recycles Just 11% of Waste Compared with 47% EU Average 07.01.2020
Romania ranks last but one in the European Union with just 11.1% of waste recycled in 2018 compared with a EU average of 47.2%, European Commission... more
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COVID Crisis Cost Romania RON3.1B So Far, Finance Minister Says 06.30.2020
The coronavirus crisis has cost Romania RON3.1 billion so far, including spending on medical equipment and social spending such as furlough... more
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Romania Labor Market End-June: Number Of Labor Contracts Suspended Keeps Downward Trend 06.26.2020
A total 141,664 labor contracts in Romania have been suspended, per data released Friday (June 26) by the country's Labor and Social Protection... more
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Romania's GDP/Capita in PPS Reached 69% of EU Average in 2019 06.18.2020
Gross domestic product per capita expressed in purchasing power standards (PPS) ranged between 53% of the EU average in Bulgaria and 261% in... more
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Government Approves 3-Month Tax Exemption for Hospitality Industry 06.18.2020
Romania's government has approved a three-month tax exemption for annual industry-specific taxes paid by companies in the hospitality industry. more
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Nuclearelectrica Shareholders Approve Termination of China Deal for Nuclear Reactor Builds 06.15.2020
Shareholders of Romania's state-owned nuclear power producer Nuclearelectrica approved in a general meeting Friday the termination of deal with... more
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Romania Signs RON326.5M Contract for 29 km of Transylvania Highway 06.12.2020
Romania's national road infrastructure administration company CNAIR on Friday signed a contract for the execution of a 29 km portion of... more
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Fiscal Council: Romania's Public Debt to Top 50% of GDP in 2021 06.12.2020
Romania's public debt is seen accelerating sharply in 2020-2021, to over 50% of the gross domestic product in an optimistic scenario, and over 55%... more
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Romanian Government Plans EUR40B Investments in Road and Railroad Infrastructure 06.11.2020
Romania's government is planning investments amounting to around EUR40 billion in road and railway transport infrastructure, prime minister Ludovic... more
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EC: Romania Fulfills None of the Criteria for Euro Adoption 06.10.2020
Romania meets none of the convergence criteria – price stability, sound public finances, exchange rate stability and convergence in long-term... more
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Romanian Parliament Adopts Bill Suspending Sales of State-Owned Shares 06.10.2020
Romania's lower chamber of parliament on Wednesday adopted a bill that would suspend all disposals of shares owned by the Romanian state a period... more
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AmCham: Keeping Romania in Investment Grade Should Be an Economic Policy Priority 06.10.2020
Standard & Poor’s maintaining of Romania’s sovereign rating at “BBB- with negative outlook” reflects the realities of the country's economy... more
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FP Urges Parliament to Reject Bill Suspending Sales of State-Owned Shares 06.10.2020
Property restitution fund Fondul Proprietatea (FP.RO) urges lawmakers to reject a bill that would suspend all disposals of shares owned by the... more
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Analysts Criticize Bill Banning Sale of State Shares in Companies, Banks 06.09.2020
A bill banning the sale of state shares in state-owned companies, banks or any other company for two years to protect national interest in the... more
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Government Paid RON2.8B for 1.8M Furloughed Employees by End-May 06.03.2020
Romania's labor ministry paid approximately RON2.8 billion by the end of May to cover the wages of approximately 1.8 million furloughed employees,... more
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Dacia Puts 1,100 Employees Back on Furlough 06.03.2020
Romanian carmaker Dacia, owned by France's Renault, has placed 1,100 employees back on furlough for the entire month of June citing lack of orders. more
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Romania Unemployment Rate Grows to 4.8% in April 06.03.2020
Romania's seasonally adjusted unemployment rate grew to 4.8% in April from 4.6% in March, data from the country's statistics board showed Wednesday. more
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Bucharest Unemployment Rate At 1.28% In April 2020 05.29.2020
Capital city of Bucharest registered 15,186 jobless people (of whom 8,030 women) at the end of April 2020, taking the unemployment rate to 1.28%,... more
Romania is among the countries with the lowest or non-existent pandemic impact for German-held construction group HeidelbergCement, its
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Banks on the local market have donated over RON23.5 million for purchases of medical equipment and devices for over 220 hospitals from
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Financial analysts, members of CFA Romania (Chartered Financial Analyst) association, expect the Romanian leu to depreciate to an
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The two car assembly factories in Romania, Automobile Dacia and Ford, produced a total 32,033 vehicles in March-April 2020 period,
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Altex Romania, the main player on the Romanian electro-IT market, seeks to invest over EUR25 million in expanding its network and
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Romania's state-owned nuclear power producer Nuclearelectrica (SNN.RO) on Friday said it has summoned its shareholders on June 12, 2020
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One United Properties, the most active developer on the local market with six construction sites open, has sold 30% in One [Floreasca]
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Romanian state-owned power company Hidroelectrica said Thursday it has selected Dentons Europe SPARL to provide legal services in view
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Colliers: 9 in 10 Office Building Tenants Expect to Return to Offices in Summer
Nearly 70% of office owners and tenants expect the Covid-19 pandemic will affect their activity all year and estimate the first signs of recovery no sooner than 2021, according to a poll by Colliers among 60 owners and over 100 tenants, 30% of which are companies with over 1,000 employees.
