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Miruta, after agreement with Rheinmetall: We introduced obligation to involve suppliers in local production chain
Tuesday, November 4, 2025
The German manufacturer Rheinmetall, which will build a powder factory for ammunition in Brasov County, will be obliged to involve local suppliers in the production chain, which means an expansion of the economic zone, not only for the arms industry, said on Monday, the Minister of Economy, Digitalization, Entrepreneurship and Tourism, Radu Miruta, after signing the final agreement with the German company at the Government."This is the first time we ...
Romanian state is concerned about saving Mangalia shipyard, through SAFE
Tuesday, November 4, 2025
The Romanian state is concerned that through this SAFE mechanism, which also brings funding for the naval area, we save the Mangalia shipyard, the Minister of Economy, Digitalization, Entrepreneurship and Tourism, Radu Miruta, told a Monday's briefing at the Victoria Palace."We are concerned, as we announced, that through this SAFE mechanism, which brings funding for the naval area, we save the Mangalia shipyard," the minister said.According to ...
În 2024, Ireland and Romania have the lowest share of taxes and social contributions in GDP in the EU
Tuesday, November 4, 2025
The share of taxes and social contributions in GDP, at the level of the European Union, was 40.4% in 2024, up from 39.9% in 2023, but Ireland and Romania are the member states with the lowest share, 22.4% and 28.8% respectively, according to the data published on Friday by Eurostat.According to these figures, the share of taxes and social contributions in GDP varies significantly among Member States, with the highest share recorded in Denmark (45.8%), France ...
FIC Index: Only 25% of companies intend to increase capital investments in next 12 months
Tuesday, November 4, 2025
Investor sentiment remains reserved, and many companies are postponing the allocation of new capital resources until clearer signals emerge regarding the economic direction and regulatory stability in Romania, according to the "Business Sentiment Index (BSI)", the autumn edition, of the Foreign Investors Council (FIC).Thus, according to the cited source, only 25% of companies intend to increase capital investments in the next 12 months, down ...
BNR foreign exchange reserves up by 0.5 percent at the end of October
Tuesday, November 4, 2025
The National Bank of Romania's (BNR) foreign exchange reserves stood at EUR 65.347 billion at the end of October 2025, up 0.5% from EUR 65.015 billion on 30 September 2025, the central bank announced in a press release.According to the same source, during the month there were inflows of EUR 5.516 billion, representing changes in the foreign currency minimum reserves set by credit institutions at the BNR, funding of the Ministry of Finance's accounts ...
Survey: With migration to Romania on the rise, population divided over foreign workers
Tuesday, November 4, 2025
The West University of Timisoara (UVT) presented on Monday the data of an international project conducted under the coordination of the University of Florence, which aims to support the authorities in developing effective policies aimed at the integration of immigrants into both the labor market and the broader social and cultural landscape, with the research highlighting a growing trend in the immigration phenomenon.The data were presented at the workshop ...
Prosecutors search European Drinks & Foods group of companies over illegal state aid case
Tuesday, November 4, 2025
Prosecutors from the General Prosecutor's Office and police from the Economic Crime Investigation Department conducted six home searches in Bihor County on Monday, at the registered offices and workplaces of trading companies that are part of the European Drinks & Foods Group, owned by brothers Ioan and Viorel Micula.The action is part of a tax evasion and embezzlement case related to the illegal state aid worth hundreds of millions of euros granted to ...
President Dan: Visit to Romania of NATO Secretary General Mark Rutte on Wednesday
Monday, November 3, 2025
President Nicusor Dan argues that the withdrawal of some part of the US troops from Romania is "a gesture with a certain symbolism," however it doesn't affect national security.Asked by journalists regarding some pieces of information which surfaced in the Ukrainian press according to which some US Republicans and Democrats want to block the decision to withdraw the US troops from Europe, Nicusor Dan responded that Romania is a safe country and the decision ...
ForMinToiu: U.S. support has increased Romania's capacity in its region
Monday, November 3, 2025
Romania's Foreign Minister Oana Toiu on Friday said that she had a telephone conversation with U.S. ambassador to NATO Matthew G. Whitaker on the next steps of the Romania-U.S. partnership and their common objectives."During the 20 plus years of our countries working as NATO allies, we built trust. The support of the United States significantly increased Romania's capacity to be a driving force for security in our region," Toiu wrote in a ...
EconMin Miruta on withdrawal of a part of US troops: As long as we are in NATO, there is no danger
Monday, November 3, 2025
Minister of Economy, Digitalisation, Entrepreneurship and Tourism Radu Miruta said on Friday, in the context of the withdrawal of some part of the US troops from Romania, that the country is not in danger as long as it is a NATO member."As long as Romania is a NATO member, considering the steps taken before becoming a NATO member and the obligations of each NATO partner, there is no danger for Romania. What happened with the withdrawal of troops, part of the ...
The new government of the Republic of Moldova received a vote of confidence in Parliament
Monday, November 3, 2025
The Parliament in Kishinev offered on Friday the vote of confidence to the new government of the Republic of Moldova, led by prime-minister, Alexandru Munteanu.Munteanu, a pro-European economist, has not held political office before. His cabinet will take office after being sworn in by President Maia Sandu. According to Moldpres, premier Alexandru Munteanu mentioned as priority of the new ...
Minister of National Defense Ionut Mosteanu on an official visit to Egypt
Monday, November 3, 2025
The minister of National Defense, Ionut Mosteanu was on an official visit to the Arab Republic of Egypt, between 1st and the 2nd November, according to a press release sent on Saturday by the Ministry of National Defense (MApN).On this occasion, a Memorandum of Understanding on military cooperation was signed between the Romanian Ministry of National Defense and the Ministry of Defense and Military Production of the Arab Republic of Egypt, led by General ...
Marius Lazurca - appointed presidential adviser for national security
Monday, November 3, 2025
President Nicusor Dan on Friday signed the decree appointing Marius-Gabriel Lazurca as presidential adviser for national security.Lazurca's term in this position begins on Saturday, the Presidential Administration announced.At the same time, the source said that Lazurca will continue to head the Department for Foreign Policy, Strategic Partnerships and Romanians Abroad within the Presidential ...
PM Bolojan meets Germany's Kirchbaum on extended economic cooperation
Monday, November 3, 2025
Romania's Prime Minister Ilie Bolojan on Friday welcomed visiting German Minister of State for Europe Gunther Krichbaum to discuss the excellent relations between Romania and Germany, both bilaterally and inside the European Union and Nato."Germany is Romania's main trading partner. I want to thank the German businesspeople for investing in the country, creating jobs and contributing to supporting Romanian exports and the national economy," Bolojan is quoted ...
BNR's Balint: Romania is taking an economic maturity exam
Monday, November 3, 2025
Romania is taking an economic "maturity exam", and many companies seem to be entering a new stage of consolidation and development, according to Csaba Balint, member of the Board of Directors of the National Bank of Romania (BNR)."It has been 35 years since Romania made the transition to the market economy. 35 years is neither a lot nor a few. During this period, the Romanian economy has witnessed remarkable convergence. On the other hand, we also see ...
Gov't long-term borrowing cost in lei falls below 7% first time this year
Monday, November 3, 2025
The government's long-term borrowing cost in lei has fallen for the first time this year below 7%, marking the lowest financing cost in 2025, the Ministry of Finance announced on Friday.The institution carried out a successful operation that reduced the refinancing risk of government public debt, according to the source.'The operation involved the exchange of several short-term government bond series for a new long-term bond issue, thus deferring ...
UM Sadu receives around 800,000 euros for dismantling existing ammunition in Romania
Monday, November 3, 2025
Minister of Economy, Digitalisation, Entrepreneurship and Tourism Radu Miruta said on Friday, regarding the Sadu Mechanical Plant (UM Sadu), that the unit has received approximately 800,000 euros for the dismantling of existing ammunition in Romania."A piece of good news for UM Sadu, which has received approximately 800,000 euros, meaning the people at Sadu will have additional work in the coming period, it is a good thing to keep alive what is still being ...
Abrudean: Energy security and cybersecurity can no longer be considered separately
Monday, November 3, 2025
Energy security and cyber security are two concepts that can no longer be looked at separately, because we live in an era in which information systems control energy flows, and their protection becomes an essential condition for national security, Romanian Senate Chairman Mircea Abrudean said on Friday."Energy security, cybersecurity, the two concepts can no longer be looked at separately, because we live in an era in which information systems control energy ...
Electricity, heating prices to rise slightly from 1 November after 62pct increase in cogeneration tax
Monday, November 3, 2025
Electricity and heating prices will slightly go up from 1 November, following a 62 percent increase in the cogeneration tax, from 0.0084 lei/kWh last year to 0.0136 lei/kWh as of Saturday, according to the Asociatia Energia Inteligenta (AEI) release issued on Friday."Since 2011, Romanians have been required to pay a 'high-efficiency cogeneration' tax for every kWh consumed, intended to finance the construction of new plants or the modernisation of existing ...
Lukoil has found a buyer for its foreign assets, including Romania
Monday, November 3, 2025
Lukoil announces that it has received an offer, which it has accepted, from the Gunvor group to purchase its international assets, including those in Romania. "The conclusion of the mandatory transaction agreement is subject to certain conditions, including obtaining approval from OFAC (an office within the U.S. Treasury) by the buyer, as well as any other licenses, permits, and other applicable ...