European companies, including those in Romania, waste technology investments worth over EUR 9 billion annually by failing to use business software at full capacity, according to a study conducted at the request of Sage, a business management software provider. The study revealed that, on average, each of the 222,628 medium-sized companies in Europe waste over [...]
Interim president Ilie Bolojan met with leaders of companies represented by the Foreign Investors Council (FIC) on 9 April in a high-level dialogue organised by the Presidential Administration to address pressing economic issues. The discussions covered a broad array of topics, including fiscal reform, sovereign credit ratings, the defense sector, investment strategies, and European fund […]
The Romanian proptech startup Vaunt, which is developing a sales management platform for the residential real estate industry, announced it is one of the 16 companies accepted into the Catalyst NYC program. Its participation is part of the company’s scaling and go-to-market strategy in the United States. Catalyst is part of the larger NYU Tandon […]
TenarisSilcotub, Romania’s major producer of small-diameter seamless steel pipes, has completed construction of a 20 MW photovoltaic (PV) park as part of its strategy to reduce carbon emissions and increase energy independence. “This project allows us to set a new standard for sustainable production, accompany our customers in their own decarbonisation efforts and have a […]
The Austrian energy company Verbund, through its Romanian subsidiary Verbud Wind Power Romania, has acquired a 272 MW "ready to build" wind project from Monsson, a multinational renewable energy solutions group specializing in wind and solar energy, energy storage, and green hydrogen, the Austrian company announced in a press release. The project, located in Romania's […]
Austria's Erste Bank group has reduced the economic growth forecast for Romania and the countries of Central and Eastern Europe following the tariffs announced by US president Donald Trump. Taking into consideration the impact of the tariffs, Erste sees Romania's economic growth at 1.8% this year and 3.1% in 2026 (-0.3 percentage points from the […]
Romania’s foreign trade deficit widened by 32% y/y to EUR 2.74 billion in February, as the exports edged down while the imports continued to increase, according to data published by the statistics office INS. The external balance had deteriorated by 39% y/y in January, reversing the slight improvement in the second half of last year […]
