Romania

Romania may sue Austria over Schengen

Romanian Prime Minister Marcel Ciolacu on Monday 18 September issued a warning to Austria, stating that if Austria does not…

1 year ago

Romanian PM announces joint business forum with Germany later this month

Romania's development and evolution are defined by resilience, sustainability, transparency, equity and efficiency, Romanian Prime Minister Marcel Ciolacu told the…

1 year ago

CEE insurance sector grows by over 10%

The Central and Eastern Europe (CEE) insurance market reached a total of EUR 12.5bn by the end of the first…

1 year ago

Romanian minister unpacks ‘austerity plan’

Romania's Finance Minister Marcel Bolos said he is introducing prudent spending measures to put the country on a development path,…

1 year ago

Romania hikes inflation forecast

The National Bank of Romania (BNR) revised upward, to 7.5% its inflation prognosis for the end of this year on…

1 year ago

New roads means more infrastructure for Romania

Romania has signed a RON 562.61mn (EUR 106.64mn) construction contract for a road connecting the Autostrada Transilvania (A3) and the…

1 year ago

Danube bridge transforms Romania’s road network

The opening of the Braila road suspension bridge puts Romania into the category of countries with leading road infrastructure, Romanian…

1 year ago

Romania’s top banker – ‘close tax loopholes’

National Bank of Romania (BNR) chief economist Valentin Lazea warned that the country’s ballooning deficit could make it "the next…

1 year ago

Romania polls lowest consumer prices in EU, followed by Bulgaria, Poland

Romania last year recorded the EU’s lowest level of prices for consumer goods and services in households, 42% below the…

1 year ago

Electric cars overtake diesel in Romania

Electric and hybrid cars are gaining ground in Romania, as the segment represented over 20% of all new cars sold…

1 year ago

Romania loosens surplus tax on OMV Petrom

Romanian President Klaus Iohannis promulgated the revised law that lays down a "solidarity contribution" from the “excessive profits” of energy…

2 years ago

Romanian farmers hold nationwide protest

Farmers are organising protests across Romania on Friday 7 April to express dissatisfaction with the European Commission (EC) approach market…

2 years ago

Polish PM backs alliance with Romania, Ukraine

Prime Minister Mateusz Morawiecki laid out his hopes to build a new economic community in Central and Eastern Europe (CEE)…

2 years ago

Inflation swallows up pay hikes in Romania

The average net salary in Romania was RON 4,254 (EUR 864) in January 2023, up 15% year-on-year, but down RON…

2 years ago

Romanian investments up in 2022 – PM

Net investments in the Romanian economy were 150.1 billion leu (EUR 3.06bn) in 2022, up 8.5% on the previous year,…

2 years ago

Romania, Hungary sign deal to lay world’s longest electricity cable

Hungary and Romania were among the four signatories of an agreement to construct a 1,100km (685 mile) power line under…

2 years ago

EU green lights Croatia to join Schengen, snubs Bulgaria, Romania

Croatia will become the Schengen zone’s newest member on 1 January, the Council of the EU announced on Thursday, 8 December. Croatia…

2 years ago

Romania secures EUR 650mn factory investment as Nokian Tyres looks to replace Russian output

Nokian Tyres will build a EUR 650mn passenger car tyre factory in Oradea, western Romania, creating around 500 jobs, it…

2 years ago

Hungary, Georgia discuss ‘major new energy cooperation’

Hungarian Prime Minister Viktor Orban and Georgian Prime Minister Irakli Garibashvili signed a strategic partnership agreement and discussed responses to…

2 years ago

Romania blames Hungary for Schengen deficit

Romanian lorry drivers urged their government to “relentlessly lobby” for the country to join the Schengen zone on Monday, asserting…

2 years ago