According to the findings of the European Investment Bank, the overall picture of investments in Romania has improved, and expectations related to the economic climate have grown substantially, governor of the National Bank of Romania (BNR) Mugur Isarescu said on Tuesday at the presentation of the report "EIB Investment Survey Country Overview 2023 : Romania"."Just like in previous years, this event focuses on the EIB Investment Survey, a very useful country analysis conducted by the EIB. The 2023 edition focuses on the most important issues facing Romanian companies today, such as energy costs, climate change and the green transition. We are happy to see that, according to the EIB's findings, the overall picture of investments in Romania has improved compared to the previous edition. For example, expectations related to Romania's economic climate have increased substantially. Also, according to the survey, Romanian companies display higher optimism than the EU average when it comes to the availability of internal and external financing," Mugur Isarescu told the conference "Transforming for Competitiveness" organized by the National Bank of Romania and the European Investment Bank.According to the BNR governor, the conclusions of the survey represent a valuable complement to those of the Romanian central bank's own survey on access to financing of non-financial corporations in Romania."Our survey captures the views of the real sector on: the most pressing problems faced by companies in their activity; the cost of financing; the implications of a possible appreciation/depreciation of the national currency, and the impact of climate change. Taking into account the growing concerns about climate change and the impact of mitigation policies on the banking sector, the National Bank of Romania also launched in 2021 a survey that looks at the main developments in terms of climate change and green financing through several indicators in five categories: real economy, physical risk, transition risk, green financing and government policies," Isarescu said.According to the 2023 EIB Investment Survey, Romanian companies have shown a resilience beyond expectations in the face of the economic slowdown and are prioritizing the expansion of their production capacity.
On Thursday, January 23, the European Commission granted a protected geographical indication status to Romania’s Jidvei wine. The new status offers recognition for the distinctive qualities of the wine. The brand encompasses white, rosé, red, sparkling, semi-sparkling, and liqueur wines produced from grape varieties grown in the Alba region, in central-western Romania. The vineyards in […]
Romania's pavilion at the Osaka World Expo 2025, which will take place from April 13 to October 13, was built with a focus on sustainability, including contributions from Romanian workers. The pavilion also highlights Romania's national resources. The mascot for the expo is a pelican named Haru (meaning "spring" in Japanese), symbolizing the importance of […]
Examin, a Romanian startup specializing in AI-powered video analytics, has secured EUR 200,000 in pre-seed funding from a private investor. The funds will be directed toward a market-ready product, creating an AI-driven prototype for quality inspection in manufacturing processes (AI Quality Inspection), developing its first AI Video Analytics camera, expanding the team, and scaling marketing […]
The beginning of 2025 brought increased pollution in the Bucharest-Ilfov area, as traditional pollutants such as cars and heating systems met low wind speeds, high humidity, and thermal inversion. The latter three prevent pollutant particles from dispersing and instead keep them at ground level. As a result, the level of pollution has doubled in the […]
Update: DNA confirmed that Sinaia mayor Vlad Oprea had been detained for 24 hours beginning January 23 on charges of bribery in continuous form, conducting financial operations incompatible with his position, false in asset declarations, abuse of office, and influence peddling. The prosecutors also said that Oprea indirectly received a total bribe of EUR 238,000 […]
Prosecutors from Romania's National Anticorruption Directorate (DNA) reportedly detained Vlad Oprea, the mayor of the popular mountain town of Sinaia, for 24 hours on Thursday, January 23. He faces corruption charges in a case investigated by the DNA, with further searches set to take place at the Sinaia City Hall later today, in the presence […]
