Shadow economy in Romania significantly diminished over the last 10 years, following the measures in preparation of the accession to the European Union, the global financial crisis and the impetus of electronic payments, according to a report released by Visa Europe. Shadow economy in Romania is estimated at EUR 39.6 bln in 2013, down more [...]
Romanian businessman Ovidiu Budeanu, the developer and owner of Arena Mall Bacău, is expanding the shopping center in a EUR 65 million project set to be completed next year. The investment will increase the mall’s surface area by 70%, with expansion works having commenced in 2023,
ROCA Industry, the industrial holding company listed on the main market of the Bucharest Stock Exchange, has invested more than EUR 6.5 million in its operations in the Republic of Moldova, the company announced. The investment aligns with its strategy to expand regional production capacity and optimise operations in the building materials sector. In 2022, […]
Prime minister Marcel Ciolacu said on February 21 that Romania will request the amendment of the National Recovery and Resilience Plan (PNNR), and this will most likely be done in March, according to Spotmedia.ro. Ciolacu met in Brussels with the president of the European Commission, Ursula von...
International rating agency Fitch affirmed Romania's BBB-/negative sovereign rating, noting, besides the twin current account and budget deficits, the political instability caused by repeated presidential elections and a more fragile majority in parliament for the ruling coalition. "Fitch also lists the challenges for the next period and gives a clear signal that we must continue […]
Romania's interim president Ilie Bolojan and prime minister Marcel Ciolacu have congratulated Friedrich Merz and the Christian Democratic alliance CDU/CSU for winning the parliamentary elections in Germany. They both noted the importance of stronger bilateral relations between the two countries. "Congratulations to Friedrich Merz & our friends from the CDU/CSU for winning the parliamentary elections […]
Romanian director Radu Jude has won the Silver Bear for Best Screenplay for Kontinental '25 at this year's Berlin International Film Festival/ Berlinale. Kontinental '25 is Jude’s third film awarded in Berlinale’s main competition, after Aferim!, which earned...
