Employees at a bank HQ in downtown Bucharest were evacuated following a bomb threat at the institution on Wednesday afternoon. Traffic was halted in the area. Police and experts in pyrotehnics were sent at the headquarters of the Bucharest Commercial Bank (BCR) on Victoriei Avenue where the alert was received in the afternoon.
The Bucharest City Hall has secured a EUR 34.4 mln loan from the European Investment Bank (EIB) to support the rehabilitation of the city's district heating system. This funding marks the first tranche of a broader EUR 300 million loan package intended to finance key infrastructure projects, including district heating, urban mobility, and the modernization […]
The Constitutional Court of Romania (CCR) admitted, on March 11, the objection of unconstitutionality regarding military pensions and decided that the Law supplementing Law no. 223/2015 on state military pensions is unconstitutional, according to Europa Libera Romania. The draft provides...
Japanese corporation Yokohama Rubber reportedly intends to buy the bankrupt Romanian tire factory in Drobeta Turnu Severin, which specializes in the production of tires for the mining industry, earthmoving equipment, and oversized transport, according to
Sales of electronics, home appliances, IT, and telecom products in Romania rose by approximately 10% in 2024 compared to the previous year, according to an analysis by Ziarul Financiar based on data from market research company NielsenIQ. The electro-IT market recorded steady growth across all segments, though...
The headline inflation in Romania edged marginally above 5% y/y in February from 4.95% y/y in January, but well above the 4.7% y/y market consensus and probably also above the central bank’s expectations – thus putting into question the monetary authority’s (recently revised) 3.8% y/y inflation forecast. The monthly inflation remained at an elevated rate […]
Romania’s industrial production contracted by 2.5% y/y in January, with a slightly milder decline of 2.3% y/y in the core manufacturing industries, the statistics office INS announced. However, there are positive signs: the workday-adjusted industrial output increased by 2.1% y/y (reflecting the smaller workday count in January 2025 compared to 2024) and the seasonally- and workday-adjusted industrial […]
