Romania’s trade deficit with goods increased by 29% y/y to EUR 2.95 billion in July, as the exports’ modest improvement (+8.6% y/y) was offset by the robust increase (+13.4% y/y) in imports, according to the statistics office INS.
It could be concluded that the robust demand for private consumption, driven by higher wages, drove the imports and the trade gap – but it would be short-sighted. In fact, the 12% y/y nominal advance in consumption in 12 months to June (latest data available)...
Cristina Caramizaru, expert with over 20 years of experience in executive search and leadership advisory, joins Selion Global Romania as Partner. Launched in Romania in 2024 by Filip Nemteanu and Mihai Bajan, Selion Global Romania is the local branch of an international executive search and leadership consulting firm, dedicated to promoting organizational excellence through tailored […]
Production volumes fall at quickest rate on record (since July 2023) Softer drop in new orders signaled Sharp decrease in purchasing activity supports stock reduction The latest BCR PMI® data showed the decline in the Romanian manufacturing sector deepening. Operating conditions deteriorated to the largest extent across the survey history to-date in January, with the […]
Romanian finance minister Tanczos Barna recently stated that the government will regulate the local cryptocurrency market, forcing all companies to obtain an authorization to operate. Barna admitted that at the moment the state does not know the real size of the cryptocurrency market in Romania. “We will have a real dimension after we require all […]
Romanian president Klaus Iohannis has reiterated that he will not resign, dismissing calls for his departure as "populist rhetoric." He emphasized that his mandate is based on the Constitution and that he will continue to serve until a new president is elected. "I believe this is a topic raised for populist reasons. We operate according to […]
Horeca Trading Distribution (HTD Shop), a key player in the retail and distribution market, targets EUR 1.5 million mln in revenue for 2025, an increase of about 60% compared to the 950,000 euros reached in 2024. At the same time, the company strengthens its presence on the markets of Bulgaria and Hungary and expands to […]
The Free Subway Union (USLM), which reunites the Bucharest subway employees, initiated a Japanese-style strike on Monday, February 3, to raise awareness of the staff shortage impacting their work. If no agreement is reached with the government, they plan a general strike starting February 10. The strike comes after the government began a cost-cutting campaign aimed […]
