Business services to enterprises in Romania increased in unadjusted terms by 16.3% in H1 2021 as against the same period in 2020, according to data published on Wednesday by National Institute of Statistics (INS).According to the statistics, June 1 - 30, 2021, an increase of the turnover of business services in unadjusted terms led to positive results in production of cinema, video and television programmes; broadcasting and transmission of programmes (+ 28.6%), information and information technology activities (+ 23.4%), transport activities (+ 16.8%), other services provided mainly to enterprises (+15. 4%) and communications activities (+ 7.3%).Over the reference period, the turnover of business services provided mainly to enterprises in nominal terms and adjusted for working days and seasonality increased as a whole, by 14.9%.INS data show that in June 2021 as against June 2020, the business services provided to enterprises increased both when unadjusted, and as adjusted series (+ 25.2%). In the case of the first category, there were increases in production, video, television programmes; broadcasting and transmission of programmes (+ 43.8%), IT services and information technology, and transport activities (+ 29.9%) each, other services provided mainly to enterprises (+ 25.3%) and communications (+ 9.7%).At the same time, the business services turnover increased by 7.2% in nominal terms, unadjusted terms, in June vs. May 2021, due to the information services and information technology activities (+ 11%), other services provided mainly to enterprises (+ 9.5%) and transport activities (+ 5.8%). On the other hand, communication activities decreased by 0.7%, while the activities of production of cinema, video and television programmes; broadcasting and transmission of programmes remained at the same level comparatively.The turnover of business services provided mainly to enterprises, adjusted for working days and seasonality, advanced 2.1 overall.
Romania has signed a major contract with France for the acquisition of Mistral portable short-range air defense missile systems. The agreement was concluded on Tuesday, November 25, between Romania’s Ministry of National Defense and France’s Ministry of the Armed Forces and Veterans, through their respective General Directorates for Armaments. The acquisition is valued at EUR […]
The European Parliament called on November 26 for EU-wide rules to strengthen the protection of minors online, recommending a minimum age of sixteen for accessing social networks, video-sharing platforms, and AI chatbots, according to a statement from the institution,
The government of Romania will be empowered to establish, ex officio or upon request, by Government Decision, an extended surveillance regime over local companies strongly affected by economic sanctions imposed by other states, according to the legislative project prepared by the government, given that the situation of the assets held by the Russian giant Lukoil […]
The European Commission (EC) will reportedly give Romania four more months to appoint permanent management under competitive procedures at 48 state-owned enterprises (SOEs) in the energy sector, after the Romanian government agreed to double the fine paid by the country and the penalties charged to those responsible (ministers) if the milestone set under the Resilience […]
The Romanian banks boasted in 2025 virtually the same record aggregated net profit as in 2024, namely RON 11.6 billion (EUR 2.3 billion, -0.6% y/y) in January-September and RON 6.2 billion (EUR 828 million, -0.3% y/y) in Q3 alone, according to data published by the National Bank of Romania. The non-performing loan (NPL) ratio has […]
The Romanian Parliament approved the National Defense Strategy on Wednesday, November 26, with 314 votes in favor, 43 against, and three abstentions, following a joint session attended by president Nicușor Dan. The document will guide national security policy for the 2025-2030 period. During the parliamentary debate, Ana Maria Gavrilă, leader of the opposition party POT, […]
