The wholesale turnover, except for trade in motor vehicles and motorcycles, was up 6.5 percent in nominal terms in the first seven months of 2017 compared to the same period of 2016, the National Institute of Statistics (INS) said in a Thursday release. “Expressed as raw series, wholesale turnover (except for trade in motor vehicles […]
A selection of places that have recently made the headlines to consider for this year's list. Harghita, in central Romania, is set to hold in 2027 the title of Gastronomic Region of Europe, according to a decision of the International Institute of Gastronomy, Culture, Arts and Tourism (IGCAT) announced by county council officials. As...
The European Parliament's Budget and Foreign Policy Committees approved on Thursday the report on the Facility for the Republic of Moldova, worth EUR 1.8 billion. It is the largest package of financial support the European Union has ever offered to the Republic of Moldova for development,
The Ministry of Foreign Affairs (MAE) announced on January 30 that Romania "firmly" supports the sovereignty, territorial integrity, and independence of Ukraine, just a few hours after former ultranationalist presidential candidate Călin Georgescu declared that "Ukraine is an invented state" and that he wants the annexation of parts of Ukrainian territory that has been once […]
The Bucharest Court of Appeal rejected on January 29 the request filed by Greenpeace on the environmental permit for the Neptun Deep offshore gas project developed by state-owned Romgaz (BVB: SNG) and OMV Petrom (BVB: SNP). The NGO is also obliged to pay Romgaz Black Sea Limited, OMV Petrom, and the body that issued the […]
German retailer Lidl continues its investments in Romania by opening three new stores, in Sibiu, Suceava, and Bascov (Pitesti), on January 30, reaching a total of 368 stores in the country. Lidl Romania is the largest local retailer by turnover, according to rankings compiled by Ziarul...
The government of Romania published on January 30 the budget plan for 2025, with a deficit target of 7.04% of GDP. The public deficit would thus drop by 13.5% y/y from RON 153 billion in 2024 to RON 135 billion in 2025. The fiscal consolidation from 8.65% of GDP would be primarily achieved on the […]
