A part of the investment is covered by the Norwegian Government Electroprecizia Electrical Motors, a member of the Electroprecizia Sacele Group, will invest EUR 1.477 M in buying equipment. A part of the sum – EUR 550,000 – will be covered by the Norwegian Government through the Norwegian Financial Mechanism 2009-2014, as part of [...]
The World Bank (WB) revised downward its outlook for Romania's economic growth in 2025-2026 as part of a broader deterioration in the region's economic prospects, under the Europe and Central Asia (ECA) Economic Update published on April 23. Romania's economic growth would be the lowest among the region's countries in each of the two years. […]
A 2 percentage point (pp) rise in the value added tax (VAT) rate to 21%, along with an increase in other tax rates, is imminent and could be announced in May, possibly sooner, according to Economica.net. Disappointing Q1 budget execution data, such as the
Romania’s general government budget deficit reportedly rose by 22% y/y to RON 44 billion (EUR 0.9 billion), accounting for 2.3% of GDP in Q1 (2.05% in Q1 2024), according to Profit.ro quoting sources...
Dutch Police carried out a search on Wednesday, April 23, at a business premises in Heerhugowaard in connection with the theft of Romanian archaeological masterpieces from the Drents Museum back in January. The investigators seized digital data carriers, among other things, but the stolen art treasures were not found. "A team of various specialists searched...
Romanian citizens residing in Bucharest can apply for the new electronic ID card (Carte Electronică de Identitate – CEI) starting Thursday, April 24, the Interior Ministry announced. Authorities estimate that the new ID will be available nationwide through the local public community services for personal records within the next two months. Romania began issuing the […]
Bucharest hosts another Open Streets weekend, a large pop culture convention, and one of the year’s top running events, while a festival of marching bands is on in
