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08:41, 21.09.2023

Romania risks losing 75 billion euros if necessary measures to reduce budget deficit are not taken(FinMin)

Romania risks losing 75 billion euros if it does not implement the package of measures to reduce the budget deficit, 46 billion euros from the Cohesion Policy and 29.3 billion euros from the National Recovery and…




12:25, 15.09.2023

Euro zone swings to trade surplus y/y in July

The euro zone swung to an unadjusted 6.5 billion euro trade surplus in July from a 36.3 billion euro deficit a year earlier as costs of energy imports plunged and exports of manufactured goods surged, data showed…




13:11, 11.09.2023

Trade balance deficit, down 17pct 7 months into 2023

Trade balance deficit, down 17pct 7 months into 2023The trade deficit (FOB/CIF) in the first seven months of this year stood at 15.604 billion euros, 3.201 billion euros lower, or 17.0%, than that recorded in the…




11:20, 11.09.2023

Net investment in Romanian economy exceeds RON 70 billion in H1 2023

Net investment in Romanian economy exceeds RON 70 billion in H1 2023H1 2023 net investment in Romania's economy reached RON 70.051 billion, up 13.5% y-o-y, according to data with the National Institute of Statistics…




13:05, 05.09.2023

E.ON to invest another 1.4 billion euros in distribution networks in Romania, until 2027

E.ON is set out to increase investments in gas and electricity distribution networks by investing another 1.4 billion euros until 2027, in addition to the 2.1 billion euros already invested since entering the Romanian…




13:25, 30.08.2023

Government debt falls to 49.7pct of GDP in June

Government debt falls to 49.7pct of GDP in JuneThe general government debt fell to 724.76 billion lei in June 2023, from 731.28 billion lei in the previous month, according to data the Finance Ministry (MF) released…




11:50, 24.08.2023

Government to take responsibility for legislative package aimed at reforming state apparatus (PM Ciolacu)

The government will take responsibility before Parliament on the legislative package aimed at reforming the state apparatus, fiscal balancing measures and those aimed at combating evasion, prime minister Marcel…




15:40, 17.08.2023

Libra Internet Bank logs net profit worth 160.7 mil RON in S1 2023

Libra Internet Bank logged a net profit of 160.7 million RON in the first half of 2023, up 45.9 pct compared to the same period in 2022, the bank announced on Thursday.Total net assets reached 10.3 billion RON…




14:15, 16.08.2023

TransMin Grindeanu on budget revision: I asked for 16 billion lei, an overwhelming proportion is for investment

TransMin Grindeanu on budget revision: I asked for 16 billion lei, an overwhelming proportion is for investmentThe Ministry of Transport has asked for RON 16 billion at the budget revision, of which an overwhelming…




14:40, 14.08.2023

Romania's H1 current account deficit narrows by 18 pct YoY

Romania's H1 current account deficit narrows by 18 pct YoYThe current account of Romania's H1 balance of payments was running a deficit of 9.826 billion euros, down by more than 18 percent from 11.997 billion euros…




14:00, 14.08.2023

Foreign direct investments drop more than 13 pct in H1 2023

Foreign direct investments drop more than 13 pct in H1 2023Direct investments in Romania by non-residents dropped by more than 13 percent in H1 to 3.93 billion euros compared to 4.533 billion euros in the same…




22:55, 12.08.2023

Jeff Bezos a cumpărat un conac de lux de 68 milioane de dolari

Jeff Bezos a adăugat recent la portofoliul său imobiliar o vilă de lux pe malul apei pe celebra insulă Indian Creek, pe care a cumpărat-o pentru 68 de milioane de dolari. Indian Creek este cunoscut şi sub numele…




10:31, 09.08.2023

Trade deficit down 13.9 pct in H1 2023

The trade balance deficit (FOB/CIF) in the first half of 2023 was 13.323 billion euros, lower by 2.149 billion euros (-13.9 pct) than the one recorded between January 1 and June 30, 2022, informs, on Wednesday…




16:40, 03.08.2023

OMV Petrom, Romgaz to invest up to EUR 4 billion for Neptun Deep's development phase

OMV Petrom and Romgaz will invest up to EUR 4 billion for the development phase of the Neptun Deep project, which will generate a production of about 100 billion cubic meters of natural gas, the start of production…




15:30, 03.08.2023

Finance Ministry draws 758.2 million RON, 329.1 million euros through Fidelis offer

The Ministry of Finance drew RON 758.2 million and EUR 329.1 million, respectively, (values totalling almost RON 2.4 billion - EUR 483 million) through the 12th primary offer for sale of government securities for…




13:50, 29.07.2023

Finance Ministry intends to borrow RON 5.245 billion in August from commercial banks

The Ministry of Finance planned, in August 2023, loans from commercial banks in the amount of RON 4.6 billion, to which the amount of RON 645 million can be added through additional sessions of non-competitive…




11:01, 28.07.2023

Neptun Deep will have rd 20 billion euros in contribution to state budget during project (OMV Petrom)

The Neptun Deep project will contribute to the future of energy security in Romania and in the region and during the project it will have a contribution to the state budget estimated at approximately 20 billion…




11:40, 25.07.2023

Value of agricultural production, down last year by almost 16%, to 109.56 billion RON

The value of agricultural production decreased by 15.8% in 2022, compared to the previous year, totaling 109.56 billion RON at current prices, according to data published on Tuesday by the National Institute of…




08:05, 17.07.2023

Tunisia and EU sign pact to stem migration

Tunisia and the European Union signed on Sunday a “strategic partnership” deal that includes combatting human traffickers and tightening borders during a sharp increase in boats leaving the North African nation…




12:25, 10.07.2023

Romania's Jan - May trade deficit drops 13 pct to 11.06 bln euros

Romania's FOB/CIF trade balance deficit as of end-May stood at 11.06 billion euros, down 13.4 percent compared to the same period of the previous year, as FOB exports rose 7.5 percent to 39.68 billion euros, and…




14:45, 05.07.2023

Final offer price for Hidroelectrica shares at IPO: RON 104 per offer share

The final offer price at the initial public offer (IPO) carried out by Fondul Proprietatea for its shares in Hidroelectrica was set at RON 104 per offer share, which gives a market capitalisation of RON 46.8 billion…




14:36, 05.07.2023

Romania’s Hidroelectrica tops $10 billion valuation in ‘historic’ IPO

Romanian energy producer Hidroelectrica’s IPO has been priced at 104 lei ($22.87) per share, it said on Wednesday, implying a market capitalisation of $10.3 billion in what a government minister described as a…




11:16, 05.07.2023

Romanian government rushes to patch up budget hole before losing EU funds

Bucharest urgently seeks money to patch up its huge hole in the budget as it risks losing European funds due to potential non-compliance with deficit targets, according to Euractiv. The budget deficit reached 2.32%…




20:50, 29.06.2023

Government debt decreases to 49% of GDP in April 2023 (Finance Ministry)

Government debt decreases to 49% of GDP in April 2023 (Finance Ministry). Public administration debt (government debt) fell to 712.120 billion RON in April 2023, down from 714.865 billion RON in the previous month,…




10:40, 28.06.2023

Belgium’s ABEE plans 1.4 billion euro battery plant in Romania, mayor says

Belgian group Avesta Battery & Energy Engineering (ABEE) is planning a 1.4 billion euro battery plant in Romania’s Galati, creating up to 8,000 jobs, the city’s mayor said on Tuesday, according to Reuters.  “Our…




12:30, 23.06.2023

Romania's quantity of stored gas reached 2.06 billion cubic meters (Transgaz)

Romania's quantity of stored gas reached 2.06 billion cubic meters (Transgaz). Romania reached on Friday a quantity of natural gas in storage of 2.06 billion cubic meters, which represents 65% of the total storage…




12:45, 16.06.2023

Intel to invest $4.6 bln in new chip plant in Poland

Intel is to invest up to $4.6 billion in a new semiconductor assembly and test facility near Wrocław, Poland, as part of a multi-billion-dollar investment drive across Europe to build chip capacity, it said on…




21:00, 12.06.2023

Contracts worth over 1.4 billion lei, signed under Women Entrepreneur, Start-Up Nation programmes

Contracts worth over 1.4 billion lei, signed under Women Entrepreneur, Start-Up Nation programmes. The Ministry of Entrepreneurship and Tourism (MAT) has concluded, up to this date, 7,096 contracts with the eligible…




10:15, 12.06.2023

Non-performing loan rate climbs to 2.73 pct in March 2023

The non-performing loans rate was 2.73% at the end of March 2023, compared to 2.65% at the end of last year and 3.31% in March 2022, according to data centralised by the National Bank of Romania (NBR).In March…




20:15, 31.05.2023

Education Ministry: Over 1 billion EUR for endowment of pre-university education units

Education Ministry: Over 1 billion EUR for endowment of pre-university education units.The Education Ministry announced on Wednesday the completion of the assessment process of the projects submitted for the endowment…