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Central bank keeps key rate steady at 6.5 pct per annum
Tuesday, April 8, 2025
The Board of the National Bank of Romania (BNR) decided on Monday to keep the benchmark interest rate in place at 6.5 pct per annum, the central bank said in a release.Also, the monetary authority decided to keep the lending facility interest rate (Lombard) at 7.50 pct per annum, while maintaining the deposit facility rate at 5.50 pct per annum, and leaving the minimum reserve requirement ratios on both RON- and foreign currency-denominated liabilities of ...
Bucharest Stock Exchange, affected by the trade tariff war
Tuesday, April 8, 2025
The fall of Asian and European stock markets had a negative impact on the Bucharest Stock Exchange (BVB), where generalized decreases were recorded. All stock market indices have recorded significant reductions since the beginning of Monday’s session. The representative BET index reached, in the first part of the day, a decrease of 3.6%, the composite index BET-XT at 3.1%, the energy index BET-NG at ...
M&A market grows 8pct in volume, decreases 30pct in value in Q1
Tuesday, April 8, 2025
The mergers and acquisitions (M&A) market in Romania grew 8% in terms of volume in the first quarter of this year compared to the same period in 2024, but in terms of value, it decreased 30%, according to a specialist analysis published on Monday."The M&A market grew 8% in terms of volume in the first quarter, but decreased 30% in value. The sale of Regina Maria brings much better prospects for the entire year. The M&A market in Romania ...
Retail trade volume in Romania, up 3.7%, seasonally adjusted two months into 2025
Tuesday, April 8, 2025
Retail trade volume, except trade of motor vehicles and motorcycles, increased in Romania in the first two months 2025 seasonally adjusted increased by 3.7%. Retail of non-food products increased by 6.3%, and so did retail sale of automotive fuel in specialised stores (+1.8%). On the other hand, retail sale of food products, beverages and tobacco decreased by 0.5% year-on-year.Year-on-year, the February 2025 retail trade volume was up 3.3% over ...
Survey:Around four million Romanians are economically inactive nationwide
Tuesday, April 8, 2025
Romania has about four million people who are economically inactive, meaning unemployed and who are not actively seeking employment, according to data from a survey conducted by an online job platform.According to Delucru.ro, out of the total number of the unemployed, over two million would like to work, but they do not know how to do it in a digital economy, where classic job platforms require minimal digital skills."The digital transformation ...
Average monthly income 8,568 RON/household in Q4 2024, spending 7.277 RON
Tuesday, April 8, 2025
The average monthly income accounted for 8,568 RON per household in the fourth quarter of 2024, in nominal terms, 3,424 RON per person, with total spending accounting for 7,277 RON per household (2,908 RON per person), according to data published on Monday by the National Institute of Statistics.Average monthly income was, in the last quarter of 2024, 7,958 RON per month per household (3,181 RON per person), up 3% compared to the third quarter of 2024, and ...
Official: Paul Philippe of Romania - arrested in France
Tuesday, April 8, 2025
Paul-Philippe of Romania, sentenced to 3 years and 4 months in prison in the case of the restitution of the Baneasa Farm, was arrested at home in Paris on Monday, for the execution of the European arrest warrant issued by the Romanian authorities. Authorities arrested Paul of Romania on Monday morning, at 05:54, in Paris, following requests addressed by the Romanian authorities to those ...
ForMin Hurezeanu met U.S. counterpart Rubio in Brussels
Monday, April 7, 2025
Romania's Foreign Minister Emil Hurezeanu, met on Friday, on the sidelines of a meeting of the foreign ministers of the NATO member states in Brussels, Belgium, U.S. Secretary of State Marco Rubio."A good exchange of views between Minister Hurezeanu and Secretary of State Rubio. Ready to work together to advance our Strategic Partnership to the benefit of our nations," Hurezeanu said in a social media post.Hurezeanu also met his Norwegian ...
Interim President Bolojan: Romania remains firmly committed to values and principles that underpin NATO
Monday, April 7, 2025
Interim President Ilie Bolojan on Friday sent a message on 76 years since the creation of the North Atlantic Treaty Organization (NATO), saying that Romania stays firmly committed to the values and principles that underpin the Alliance."Today, we mark 76 years since the founding of NATO, the strongest political-military alliance in history. Romania remains firmly committed to the values and principles that underpin the Alliance: unity, solidarity, and ...
PM Ciolacu: Romania is going to receive a new model of the PATRIOT system from the U.S.
Monday, April 7, 2025
Romania is going to receive a new model of the PATRIOT system from the United States, Prime Minister Marcel Ciolacu said on Friday, pointing out that the purchase contract has been signed and the payment has already been made.The announcement was made at the end of a visit to the construction site of the Large Burns Centre at the "Pius Branzeu" County Emergency Clinical Hospital in Timisoara.He was asked whether Romania would complete the ...
Head of SIE Commission: Concrete risks for elections are confirmed on the part of Russia
Monday, April 7, 2025
The special parliamentary commission for the control of the Romanian Foreign Intelligence Service (SIE) activity had, in the first five weeks of mandate, a series of meetings and underwent control actions regarding the Russian interference on Romania, on the electoral processes, hostile actions of the Russian Federation against the Western. The chairman of the SIE Commission, the deputy Alexandru Muraru says that, ...
PresidentialElection2025/Antonescu on President Trump's decisions: No need to panic, EU must stand in solidarity
Monday, April 7, 2025
Romania's foreign policy is somewhat in an impasse due to the provisional character of the current situation, the ruling coalition's candidate for president Crin Antonescu declared on Friday in a press conference held in Resita. He voiced his belief that as far as the US decisions are concerned, the EU must deal with them in solidarity, without "getting into panic.""We are going through a very complicated period, we must be united, we ...
PM Ciolacu calls on diaspora to talk about Romania in the US, to improve bilateral strategic relations
Monday, April 7, 2025
Prime Minister Marcel Ciolacu, chairperson of the Social Democratic Party (PSD), said on Friday that a "new approach" is being tried in the relationship with the United States, adding that in order to present the situation in Romania to the new Trump Administration, Romanians from the diaspora involved in US politics in the Republican Party area were called upon, one of them being businessman Dragos Spranceana.He made the clarifications at the ...
Development of economic relations the USA - Romania, discussed by interim president Bolojan with AmCham representatives
Monday, April 7, 2025
Interim President Ilie Bolojan met on Thursday at the Cotroceni Presidential Palace with a delegation of the American Chamber of Commerce in Romania (AmCham), together with the Ambassador of the United States of America in Romania and AmCham Honorary President Kathleen Kavalec.According to the Presidential Administration, on the occasion of the meeting, the interim president, representatives of AmCham Romania and the US Embassy discussed the development of ...
Profit.ro : What the Trump Administration criticises the Romanian economy
Monday, April 7, 2025
One of the main official reports on the basis of which the president of the United States, Donald Trump decided to impose import ‘reciprocal’ tough tariffs to many states of the world presents governmental policies, as well as the state of affairs in these countries, including Romania, says Profit.ro. In relation to Romania, the US specialists refers to problems in the pharma industry, intellectual property rights in IT, pirate websites allegedly hosted or ...
Analyst: Romania can target EU exports now sent to the US
Monday, April 7, 2025
The total value of Romania’s exports to the US is almost 4 billion dollars, approximately 50-60% of these exports representing products with no high added value and for which export alternatives inside the EU can easily be found, considers Cristian Paun, university professor for economy. "We are talking about $4bn, the total value of exports to the United States. The application of these tariffs does not mean that ...
EBRD extends EUR120 million regional loan to AFI Europe in Serbia, Poland, Romania,Czechia
Monday, April 7, 2025
The European Bank for Reconstruction and Development (EBRD) on Friday announced it is providing a regional loan of up to EUR120 million to AFI Europe (AFI) to support its development pipeline across Serbia, Poland, Romania and Czechia.According to the bank, the financing will enable AFI, a leading regional developer and commercial real estate operator, to expand its modern portfolio of residential and commercial properties across central and eastern ...
FIC report: Romania's attractiveness compared to similar locations reaches lowest level in last 6 years
Monday, April 7, 2025
Romania's attractiveness compared to similar locations has reached its lowest level in the last six years, with more than half of respondents considering Romania less attractive than similar locations in Europe or other countries (more than double the 24% in the previous edition), according to the latest Business Sentiment Index (BSI) report, conducted by the Foreign Investors Council (FIC)."Romania is uncompetitive in terms of transparency ...
ASF: Stock market capitalization on regulated market reaches 350.2 bn RON in 2024
Monday, April 7, 2025
The local capital market recorded positive developments in 2024, with the stock market capitalization on the regulated market reaching 350.2 billion RON at the end of last year, up by approximately 19% compared to the level recorded at the end of 2023, according to a report by the Financial Supervisory Authority (ASF).Most of the Bucharest Stock Exchange (BVB) indices recorded positive developments at the end of 2024 compared to the same period of the ...
AHK Romania: Economic growth based on investments is the key to unblocking economy
Monday, April 7, 2025
Taxes, foreign investments doubled by state investments in key areas such as energy, inflation, the trade war triggered by the United States with the European Union, as well as solutions for reducing the budget deficit were the main topics of discussion of the Romanian-German business community at the members' meeting in April.According to a press release of the Romanian-German Chamber of Commerce and Industry (AHK Romania), the president of the Fiscal ...