The Fiscal Procedure Code is almost finalized and in what concerns the Fiscal Code the ministers will meet again on Monday, at 1 p.m., for the final approvals, the two legislative acts set to be adopted during the government meeting on Wednesday, Premier Victor Ponta announced at the start of the extraordinary government meeting yesterday, [...]
On Friday, June 6, the Cluj Court of Appeal heard the appeal filed by former health minister Sorina Pintea in the case in which she was accused of bribery, upholding the sentence decided by the Cluj Tribunal a year ago: 42 months of jail with execution. At the same time, the court decided to confiscate […]
Romania’s retail sales volume index increased by 0.4% y/y in April 2025, after the annual growth rate had decelerated to +3.5% y/y in Q1 from an average of +8.6% y/y in 2024, according to data published by the statistics office INS. Sales readings will likely remain weak in May, reflecting households’ concerns ahead of the […]
Because of the slower-than-anticipated GDP growth in Q1 (+0.3% y/y) and also accounting for high-frequency data signals for the second quarter, Erste Group has revised its full-year GDP growth forecast for this year to 1.3% from 1.8%. This is close to the government's 1.4% revised forecast issued in May. Due to the much-anticipated fiscal consolidation […]
Romania’s GDP increased by an average of 0.1 q/q over the past five quarters to Q1 2025, when it posted a meager 0.3% y/y advance and quarterly standstill (+0% q/q), according to data published by the statistics office INS. The new data provides details on specific formation and utilization segments but confirms the overall economic […]
Cristian Chivu has been named head coach of Inter Milan's First Team, marking a new chapter in his long-standing relationship with the club. The 43-year-old Romanian has signed a contract with Inter until June 30, 2027. “During his life, Cristian Eugen Chivu has faced major challenges and defining moments that shaped him, both as a […]
A total of 41.7% of Romanians consider the possibility of Romania being involved in a war as their primary concern, according to a survey conducted by INSCOP Research between May 26 and 30. The figure is nearly three times higher than the next most frequently cited concerns - healthcare and rising prices (around 15% each) […]
