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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Statistics Board: Annual Average Job Vacancy Rate At 0.78% In 2023, Lower By 0.12 Percentage Points vs 2022
04.01.2024
The annual average job vacancy rate was 0.78% in 2023, decreasing by 0.12 percentage points against the previous year, data from Romania's... more
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INS: Romania Had Some 4.98 Million Pensioners, Monthly Average Pension Of RON2,125 At End-2023
03.14.2024
Romania had some 4.98 million pensioners at the end of 2023, fewer by 11 thousand people than in the fourth quarter of 2022, and the monthly... more
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European Commission Approves EU241M Aid For Romanian Farmers
02.09.2024
The European Commission approved on Friday (Feb 9) an aid scheme worth EUR241 million (RON1.2 billion) notified by Romania to support agricultural... more
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Industrial Parks Held By Oradea City Hall Attracted Investments Worth Over EUR28M In 2023
02.07.2024
The Local Development Agency, a public company having the city of Oradea as majority shareholder, attracted total investments of EUR28.3 million in... more
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Coface Risk Barometer: Romania’s Risk Assessment Upgraded From B To A4
02.06.2024
After a somewhat turbulent 2023, which ultimately turned out much better than expected, 2024 is shaping up to be as decisive as it is uncertain,... more
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Labor Ministry: Romania Ends 2023 With Record High Of New Labor Contracts
01.19.2024
Romania ended 2023 with a record high of new labor contracts, nearly 100,000 more than in 2022, the country's labor ministry said in a statement. more
The European Bank for Reconstruction and Development (EBRD) is lending EUR50 million to UniCredit Leasing Corporation to support micro,
more39% of respondents in Romania anticipate a significant drop in housing prices over the next six months, 27% expect a slight decrease,
moreOMV Petrom, the largest integrated energy company in Southeast Europe, will build, in partnership with Complexul Energetic Oltenia (CE
moreThe European Commission (EC) sent letters of formal notice to Bulgaria, Ireland, Poland, and Romania for failing to notify their
moreRomania has almost 142.000 employees in the local IT sector, of whom some 98,000 work in Bucharest, Cluj and Timis, according to Ziarul
moreFiscal deficits will remain elevated in Romania in the medium term: 4.7% of GDP (cash basis) in 2024, compared to the 2.9% target set
moreBanks’s profitability will remain subdued over the next year, because of an unprecedented mix of factors including Russia’s
moreRomania’s Energy Ministry on Monday (Oct 10) signed the first nine contracts funded through the Modernization Fund, in the amount of
moreAnalysis
Survey: Romania Could Increase Its GDP By 10% Until 2050 By Boosting SavingsRomania could increase its gross domestic product (GDP) by 10% until 2050, generating an additional contribution of EUR575 billion by boosting savings and redirecting them towards lucrative investments, according to a survey conducted by McKinsey&Company in spring 2022.