Premier Nicolae Ciuca presented, at the League of Local Elected, organized by PNL in Brasov, on Thursday, the governing report for the first half of the year and pointed out that, after 6 months, Romania has the biggest economic growth in EU and over 90 billion euros for Romania's development. The head of the Executive spoke about the National Recovery and Resilience Plan (PNRR) and the fact that “the government has increased the absorption rate of European funds by 7% compared to 6 months ago, while payment estimates communicated to the European Commission already cover the necessary expenses statements for 2022. In his opinion, PNRR represents the essential resource for the country's development. The extension of water and sewerage networks will be made by means f the “Anghel Saligny”National Investment Program, for which 22.5 billion lei has been allocated from the state budget. 2,064 financing requests for projects in the water and sewerage fields are being analyzed,” said premier Ciuca.
A growing number of Romanian employees are facing emotional difficulties, with 63.6% reporting they are currently going through a challenging period, according to the latest survey conducted by the online recruitment platform eJobs. The leading cause, cited by 22.2% of respondents, is insufficient income to cover their daily expenses. Other factors include personal problems (14.5%) […]
Romania carried out a medical evacuation mission to assist Palestinian civilians from the Gaza Strip, continuing its humanitarian support amid the ongoing crisis. A C-27J Spartan aircraft operated by the Romanian Air Force transported 12 severely ill Palestinian patients, along with 21 accompanying family members, to Romania for medical care. The aircraft departed from Otopeni […]
Bucharest mayor and independent presidential candidate Nicușor Dan is ahead of George Simion, the leader of far-right party AUR, in voting intentions, according to a poll presented on Thursday, May 15, by the independent public opinion polling institute IRSOP. This is the first time that the former takes the lead in the race for president. […]
Romanian retail chain La Cocoş recorded a turnover of RON 1.18 billion (EUR 237 million) in 2024, marking a 20.7% y/y increase and becoming the first domestically owned retailer to exceed the RON 1 billion benchmark, according to Ziarul Financiar. Founded in 2014 by entrepreneur Iulian Nica, La Cocoş...
Even though Romania's currency, RON (leu), has depreciated relatively steeply in the past weeks, compared to historic low volatility, ING Romania maintains its exchange rate forecast for this year and argues that the national currency could recover from recent losses. "However, it is important to look at the bigger picture: financial markets can often have […]
Romania's industrial production index contracted by 4.2% y/y in Q1 and neared the lowest level in the past three years, according to the statistics office INS. The seasonal and workday-adjusted index (-0.4% q/q) has followed a visible downward trend after the post-Covid recovery in 2021 and 2022. The seasonal and workday-adjusted index in Q1 was […]
