The European Commission approved on Thursday, according to EU norms about state aid, the reintroduction of Romania's short term export credit, with a budget of 7.2 million euros, according to a press released of the European Executive. The Romanian state can cover risks supported by small companies with a small business figure made from exports and risk of single export transactions. Initially, the plan was approved in August 2014, extended in February 2017 and made to expire in December 2021. In February 2022, Romania notified the intention to reintroduce the plan, which would last until December 31, 2026. The maximum annual business figure for export for small companies to be eligible was established at 2.5 million euros (on the rise by 0.5 million euros compared to the initial plan). The commission evaluated the plan according to EU norms about state aid, especially the 2021 Communication about short term export credit. The EU Executive decided that the measure is necessary because there are no insurance products to cover the risk of non payment by foreign buyers for small companies with small business figures from export, or private insurers to cover export transactions. The Commission concluded that the plan is proportional, as it made sure that Romania will cover only transactions for which private covering is not available in the market and make sure that private insurers are not excluded, in case they want to cover such risks. In December, EC adopted a reviewed Communication about insuring short term export credits which establishes norms to make sure that the support granted by the state for export credits do not affect competition between private and public export credit insurers and set up competition conditions between exporters from various member states. Export credits allow foreign buyers of goods and services to delay payment. This delay involves a credit risk for sellers, which in their turn get insurance for this risk. The reviewed communication about short term export credits came into force on January 1,2022, without expiry term.
Romania is nearing the conclusion of a "huge USD 30 billion" investment agreement with the United States covering nuclear, hydro, natural gas, and artificial intelligence-based technologies, energy minister Bogdan Ivan announced last week, according to Ziare.com and
Romania’s minister of economy Radu Miruță said on November 3 that a share of the funds allocated to the country under the European Commission’s Security Action For Europe (SAFE) programme could be used to revitalise the Mangalia shipyard and strengthen the country’s defence and transport infrastructure,
Spanish company Telefónica is considering the acquisition of Digi Communications (BVB: DIGI) of Romania, active at home but also on the markets of Italy and Spain, in a deal that could significantly change the European telecommunications market, according to Ziarul Financiar, citing Spanish publications...
A still significant share of the foreign investors in Romania surveyed by the Foreign Investors Council (FIC), namely 40%, expect their markets to expand, while 47% expect stagnation, leaving a small share of investors undecided or pessimistic. The expectations for external demand are below average, with only 29% of those surveyed expecting higher exports and […]
The volume of fast-moving consumer goods rose by 1.1% y/y in Romania in the third quarter of the year, slowing down from 3.6% y/y in Q2 and 5.0% y/y in Q1, according to NielsenIQ’s report NIQ Consumer Outlook mid-2025, cited by Revistabiz.ro. The prices have increased by 3.5% y/y, accelerating only slightly from 3.3%-3.4% y/y […]
The discussions on the 2026 public budget will begin towards the end of November, after the November 13 session of the Economic and Financial Affairs Council (EcoFin) that will include "a first review under the Excessive Deficit Procedure (EDP)" for Romania and the endorsement of the revised PNRR, finance minister Alexandru Nazare announced, according to
