Daily
FIC: Unpredictability of fiscal measures reduces investor confidence
Wednesday, January 8, 2025

The ordinance adopted by the Government, which also includes the introduction of new taxes and tax increases, did not provide the necessary time for a careful analysis by the business environment and the failure to respect the deadlines for public consultation in the legislative process is a negative signal that increases the degree of uncertainty for the future of investment in Romania, according to the Foreign Investors Council ...
Ministry of Finance planned to borrow 5.77 billion lei from banks in January 2025
Wednesday, January 8, 2025
The Ministry of Finance (MoF) has planned to borrow MDL 5.2 billion from commercial banks in January 2025, to which MDL 570 million may be added through additional non-competitive bidding sessions related to bond auctions. The total amount of MDL 5.77 billion is MDL 170 million higher than the MDL 5.6 billion that was programmed in December 2024 and will be used to refinance public debt and finance the state budget ...
WB: Romania Poverty and Equity Brief : October 2024
Wednesday, January 8, 2025
According to a recent World Bank report, between 2016 and 2021, Romania's strong economic growth led to a significant reduction in poverty, with the rate ($6.85/day PPP) dropping by 14.7 percentage points to 7.1 percent. The anchored at-risk-of-poverty rate (AROP), a measure of the percentage of people in a population at risk of poverty, also saw considerable declines, driven largely by rising pension and labor incomes. Despite these gains, Romania continues to have ...
7.3 million lei damage from illegal logging in state forests in the first 9 months of 2024
Wednesday, January 8, 2025

The damage from illegal logging in state forests administered by the National Forest Administration- Romsilva totalized 7.3 millionlei in the first three quarters of 2024 dropping by 8% against the same period of last year, according to the information provided by the representatives of Romsilva."In the first three quarters of 2024, 10,459 field checks were carried out in state-owned forests, and the total volume of illegally felled timber amounted to 14,671 ...
Ilie Bolojan: Government should establish presidential election calendar next week
Tuesday, January 7, 2025
The interim chairperson of the National Liberal Paty (PNL), Ilie Bolojan, said that the Government should establish next week the calendar for the presidential elections, so that they can be organized before the Easter holidays."Regarding Mr. Antonescu's announcement, I would like to make a few clarifications. The first issue is related to the election calendar, and here I think that Mr. Antonescu is right, if we want, and PNL does want for the presidential ...
Nicusor Dan: Clarifying annulment of presidential election, more important than election calendar
Tuesday, January 7, 2025
Bucharest General Mayor Nicusor Dan, independent candidate in the presidential elections, said that clarifying all the details related to the annulment of the presidential election is more important than setting a calendar for the new election.Nicusor Dan was asked what he thinks about the statements by Crin Antonescu and Ilie Bolojan according to which the date of the elections should be established quickly."Here I disagree both ...
New Patriot missile system for Romania
Tuesday, January 7, 2025

The U.S. Department of Defense has awarded a $946 million contract to arms company Raytheon Technologies (RTX) to supply Romania with additional Patriot air defense systems, The Defense ...
Romanian Army Acquires Advanced Anti-Drone Solution from Israel
Tuesday, January 7, 2025
Israelis from Elbit Systems will provide Romania with an advanced solution to combat unmanned aerial systems (C-UAS). The company has obtained a contract worth 60 million dollars in Romania. Elbit Systems Ltd. announces that it has been awarded a contract worth approximately $60 million to supply a European NATO country with its multi-layered Counter Unmanned Aerial Systems (C-UAS). The ...
Net assets of investment funds fell by 1.5% to RON 47.7bn in November
Tuesday, January 7, 2025
The net assets of the 247 local and foreign open-end and closed-end funds decreased by 1.5% in November to RON 47.7bn (€9.6bn) compared to the previous month, and have increased by 20.1% since the beginning of the year, according to a statement by the Association of Fund Managers. According to the quoted source, the net inflows of the month were 193 million lei (38.7 million euro).The 5 ...
TRENDS IN THE EVOLUTION OF THE ECONOMIC ACTIVITY IN THE PERIOD DECEMBER 2024 – FEBRUARY 2025
Tuesday, January 7, 2025
- Relative stability of the activity of retail trade and services ? Moderate decrease in the number of employees in manufacturing and construction - Price growth in all the areas of activity of the economy Manufacturing According to the business tendency ...
Number of pensioners increased by 13,000 in December, average pension 2,748 RON
Tuesday, January 7, 2025
A number of 4,703,349 pensioners were registered in December 2024 in Romania, by 13,399 more than the previous month, and the average pension was 2,748 RON, according to data centralized by the National House of Public Pensions (CNPP).The total value of the pension rights due amounted to 12.925 billion RON.According to CNPP statistics, out of the total number of pensioners in the public pension system, the number of those who retired at the age ...
More turmoil in Romania as presidential candidate suspends candidacy
Monday, January 6, 2025
Crin Antonescu has suspended the agreement that named him the ruling coalition's candidate for the Romanian presidency, citing the lack of unanimous support among coalition members and an election date, www.euractiv.com informs. Antonescu, a former leader of the Liberals, made it clear that he was not withdrawing his candidacy but argued that the ...
PM Ciolacu:Romania's full integration into Schengen to bring economy massive boost it needs
Monday, January 6, 2025
Romania's total integration into the Schengen area will have as effect the development of the economy, being a guarantee that Romanian exports will advance strongly this year, says Prime Minister Marcel Ciolacu, who expresses his confidence that all obstacles generated by the difficult international context will be overcome."The fact that we are fully in the Schengen area this year will give our economy the massive boost it needs to overcome this difficult ...
Calin Georgescu appealed to the ECHR the decision of the CCR to cancel the 2024 presidential elections
Monday, January 6, 2025
Calin Georgescu has appealed to the European Court of Human Rights in Strasbourg (ECtHR) the decision of the Constitutional Court regarding the annulment of the presidential elections in Romania. The information was confirmed by his lawyer, Maria Vasii. “It is a natural and absolutely necessary step to defend the fundamental rights of Mr. Calin Georgescu, an independent ...
National Bank's forex reserves increase to 62.135 billion euros in December
Monday, January 6, 2025
The foreign exchange reserves of the National Bank of Romania (BNR) totaled 62.135 billion euros at the end of December 2024, up by 1.57% compared to the level of 61.174 billion euros recorded on November 30, 2024, respectively by 3 .96% compared to 59.770 billion euros on December 31 2023, informs a press release from the Central Bank sent on Friday.In December there were inflows of 7.601 billion euros, representing: the change in the minimum reserves in ...
Romania granted state aid of 1.3 billion euros over 2019-2023
Monday, January 6, 2025

The total value of state aid approved in Romania reached, over 2019-2023, 1.3 billion euros, while over 62% of state aid projects were granted to foreign companies, according to a study made by EY Romania. According to the study, state aid programs of the last 5 years had a significant impact on regional development and creating new jobs, offering grants. Those grants facilitated the construction of new ...
ANIS: New Fiscal Measures Undermine Stability in a Strategic Sector and Create a Crisis of Confidence Among Investors
Monday, January 6, 2025
The Employers’ Association of the Software and Services Industry (ANIS) said that the new draft Emergency Ordinance proposing abrupt and unexpected changes to fiscal policies, without genuine consultation with the business environment, defies the fundamental principles of fiscal stability and predictability. The expedited timeline for eliminating tax incentives for the IT ...
Study: 27% of Romanians are pessimistic about 2025, the percentage being up by 8% compared to last year
Monday, January 6, 2025

The latest study by Reveal Marketing Research aims to find out more about the expectations and hopes of Romanians related to 2025, but also how they evolved compared to the similar study conducted 1 year ago. 27% of Romanians are rather pessimistic about 2025, the percentage being up ...
Romania enters Schengen Area with full rights as of January 1
Friday, January 3, 2025

Romania has become a full member of the Schengen Area at midnight, in the night between Tuesday, December 31, and Wednesday, January 1.Thus, after joining the free movement space with its air and sea borders, as of Wednesday, Romania also joined the Schengen area with its land borders.According to the General Inspectorate of the Border Police, starting with January 1, 2025, there will be no controls operated at the internal border of Romania, ...
Romania sets date for new presidential elections on March 23 and April 6, 2025
Friday, January 3, 2025
Romania will hold repeat presidential elections on March 23 and April 6, 2025. The previous results were canceled due to large-scale cyberattacks and suspicions of external interference. The ruling coalition of Romania has established the dates for the repeat presidential elections following the Constitutional Court's decision to annul the results of the previous ...