The Sibiu-based company Con-A won, as the leader of an association, the tender for the construction of the RON 1.8 billion (EUR 360 million, VAT excluded) Craiova regional emergency hospital, Turnul Sfatului and Economedia.ro...
Residents of Bucharest are now the only people in Romania to have reached average annual disposable incomes of over EUR 18,500 for the first time this year, a level comparable to the European average, according to a recent study by NIQ GfK. In particular, residents of District 1 in the capital city have an average income of EUR 22,000 annually.
For the first time, Romanians in Bucharest can compare their purchasing power directly with the rest of Europe, based on data from the NIQ GfK...
The Sibiu-based company Con-A won, as the leader of an association, the tender for the construction of the RON 1.8 billion (EUR 360 million, VAT excluded) Craiova regional emergency hospital, Turnul Sfatului and Economedia.ro...
Two research and development projects, worth almost EUR 180 million, in the field of nuclear energy and artificial intelligence (AI), respectively, will be carried out in Romania, the Ministry of Investments and European Projects (MIPE) announced. The first project, called "4ALFRED - Research for Next Generation Reactors", has a value of over EUR 112 million […]
The completion of the 430 MW gas-fired power plant at Iernut by Spanish contractor Duro Felguera for Romgaz, expected for this summer, is at risk as the contractor faces insolvency and the payment of EUR 400 million fines related to a past contract in Algeria, according to
Top Metrology, a company specializing in metrology and trade in industrial and laboratory equipment, has launched the construction of a metal components factory for the aerospace industry. The project envisages RON 42.5 million (over EUR 8 million), out of which almost half is eligible for a state grant. It will be developed in the city […]
Romanian finance minister Tanczos Barna backed the central bank’s forecast, saying that the country’s inflation is on a downward trend and that “it will probably be 3.8% this year.” He said the average inflation would be 4.4% in 2025. The central bank envisages 3.8% yearend inflation, down from 5.1% y/y at the end of 2024. […]
Romania’s 0.9% economic growth in 2024 was driven by private consumption, seen in the higher value-added generated by the sector of services to households (retail included), while the net taxes contributed as well significantly, particularly in the second half of the year. The sector of constructions lost momentum in Q4 (-5.3% y/y) dragged down by […]