Former PDL vice president Sever Voinescu said that quite a few of the PDL members dissatisfied with the current leadership of the party would join the Popular Movement on account of Traian Basescu. The “ Popular Movement†Foundation Saturday evening  announced its beginning legal proceedings towards founding a political grouping  called the “Popular Movement†Party, [...]
Romania's efforts to stabilize its fiscal position and finalize a new ruling coalition have been delayed after president Nicușor Dan rejected a proposed VAT rate increase central to a budgetary corrective package agreed by the four pro-Western parties,
The construction works volume in Romania decreased by 0.5% y/y in gross terms and by 2.8% in workday and seasonal adjusted terms in April, after it boasted a robust 10.6% y/y advance in Q1 (largely on low base effects), according to data published by the statistics office. By type of construction, engineering works—representing approximately 45% […]
Romania's economic sentiment rebounded sharply in May following the presidential election victory of pro-Western candidate Nicușor Dan, according to data published by the CFA Romania Society on June 19. The recovery comes after a significant decline in April amid fears of a potential win by isolationist candidate George Simion. After the recovery in May, the […]
Salt Bank has appointed Vikram Tikoo as its new Chief Technology Officer, marking a significant step forward in the company's pursuit of its digital banking vision. The appointment will take effect once approved by the National Bank of Romania. Vikram has extensive international experience delivering technology solutions on a global scale. He will help enhance […]
Romania’s average net wage, which has posted annual growth rates for nearly two years, advanced by only 3.5% y/y in CFI deflated terms - the lowest growth rate since April 2023, according to data published by the statistics office INS. In nominal terms, the annual advance was 9.9% – the second-lowest growth rate since 2021. […]
OMV Petrom (BVB: SNP) has signed a new purchase contract for pre-treated used cooking oil with Astra Bioplant of Bulgaria, a company part of the Bulmarket group owned by Bulgarian businessman Stanko Stankov, SNP announced in a note to investors. In June 2024, OMV Petrom signed a similar contract with Romanian edible oil producer Expur. […]
