Romanian manufacturer of detergent and cleaning products Misavan from Iasi, controlled by the entrepreneur Ciprian Otea, completed the works on a new factory.
The project involved over EUR 10 million of investments, according to the previous statements of the company's owner. He recently stated that all manufacturing operations will be moved to this new facility.
"The most important investment project for the year 2024 is the new detergent factory in Iasi, which opens...
The Romanian Orthodox Church celebrates Holy Emperors Constantine and Elena Day on May 21. Over 1.7 million Romanian citizens celebrate their name day on this date. According to data from the General Directorate for Population Records, 675,241 men and 1,098,263 women bear the names Constantin, Elena, or their derivatives, News.ro...
Romania’s construction works volume index surged by 12.2% y/y in Q1 – a performance largely owed to low base effects and the seasonally low activity in the first quarter of the year, according to the statistics office INS. The sector is among the few that propped the overall economic growth in Q1, estimated by the […]
The election of Bucharest mayor Nicușor Dan as Romania's next president will likely pave the way for a new government to address the fiscal risks, although challenges remain "substantial," S&P Global Ratings said, quoted by Bloomberg and Economedia.ro. "Markets will want to see how quickly the new government is formed and how credible its fiscal […]
Asked whether the local currency RON (leu) is still overvalued, the governor of the National Bank of Romania (BNR), Mugur Isărescu, said in the press conference on the Quarterly Inflation Report on May 20 that the national currency is "within a range of balance." The mid-day exchange rate announced by BNR on May 20 marked […]
"The increase in fiscal revenues is inevitable. What matters is how and where it will be done," central bank governor Mugur Isărescu told a journalist during the press conference on the Quarterly Inflation Report on May 20, when asked about the likelihood that an increase in taxes and duties is necessary. Pursuing fiscal consolidation only […]
The National Bank of Romania (BNR) has revised upward its inflation forecast for nearly the entire projection horizon, citing the planned lifting of the energy price capping mechanism at the end of June 2025 and higher core inflation contributions. The updated projections were published in the May 2025 edition of the Quarterly Inflation Report. According […]
