Insurers failing to observe the terms stated in mandatory car insurance policies (RCA) will have to pay damages to policyholders, Romanian insurance regulator CSA said in a press release Wednesday.
Romania's power transport and grid operator Transelectrica (BVB: TEL) announced that it has registered with the Trade Register the Joint Venture GECO Power Company - Green Energy Corridor Power Company, a limited liability company based in Romania, which will implement the Green Corridor project supposed to bring green energy from Azerbaijan. The project, estimated to […]
The yields of Romania's long-term (10-year) bonds on the secondary market eased by 41 basis points (bp) w/w to 7.61/7.36 (bid/ask) on January 31, to the lowest levels since January 9. The government drafting a budget planning in line with the fiscal consolidation plan, without supplementary tax hikes, apparently improved investors' sentiment. However, the borrowing […]
The general government budget deficit is likely to reach 7.7% of GDP in 2025 (cash terms), 0.7 percentage points (pp) above the government's target of 7% of GDP, according to projections drafted by the Fiscal Council (CF) in its preliminary opinion on the budget planning endorsed by the executive on February 1. "The 7% deficit […]
The collection of gold and silver artifacts from 18 local museums has returned to Romania after being displayed in the exhibition Dacia! Empire of Gold and Silver hosted by the Drents Museum in Assen, the Netherlands. The exhibition, which ran from July 7, 2024, to January 26, 2025, attracted 84,336 visitors, marking three decades since […]
The share of companies predicting a reduction in the number of employees in the upcoming year has increased to 11% in January 2025 from 2% same time last year, according to the HR Barometer survey conducted by PwC Romania. Fiscal measures taken by the government to reduce the budget deficit, such as the elimination of […]
The Veranda Mall shopping center, located near Bucharest’s busy Obor market, is up for sale and has reportedly caught the interest of real estate investors AFI Europe and M Core, Profit.ro reported. The mall is currently owned by the Pogonaru...
