Members of Concordia Patrons Confederacy express their hope that the political crisis crossed by Romania should end as soon as possible. “Citizens' expectations, also shared by businessmen, are that their representatives in Romania's Parliament and Government should place on a secondary level party problems and immediate political agendas when social and economic matters with major impact on people' s lives claim unity and collaboration. Only thus we can, together, citizens, authorities and businessmen, succeed in taking advantage of the economic growth we experience to build a sustainable and productive national and European future”, wrote the Concordia members in an open letter sent to the Presidential Administration and parliamentary parties. Stability and predictability are key elements of investment decisions, and an extended political crisis could affect even projects being implemented. Such a crisis comes to add to the uncertainty created by the pandemic. “Concordia members appeal to all political leaders to find the quickest way of reaching a common denominators which should ensure Romania's well being and that of its citizens, as well as their confidence that their primary, social and economic interests are above immediate political calculations,” the letter reads. Concordia represents 15 of the most important sectors of the national economy and is a social dialogue partner, representative at national level. With a total of over 350,000 employees in over 2,000 big and small firms, with foreign and local capital, Concordia is the only organization in Romania member of BusinessEurope, the International Organization of Employers and Business at OECD.
Romania added 2.5 GW this year to its total solar power capacity, 45% more than last year and roughly one third of the total capacity expected at the end of the year (7.6 GW), according to Economica.net, citing data from the latest report by Solar Power Europe, the European photovoltaic industry association. The performance, combined […]
The volume of net investments in Romania’s economy rose by 8.8% y/y in Q3 in comparable prices, accelerating from a sluggish +1.0% y/y rate in H1, according to data published by the statistics office INS. The rebound points to stronger capital formation after a weak start to 2025. Indeed, gross fixed capital formation rebounded to […]
The average net wage in Romania rose by 4.3% y/y in October, but this turned into a 5.0% y/y contraction in real terms due to the high inflation (9.76% y/y) since August, according to data published by the statistics office INS. The real wages posted an annual contraction of around 5% y/y for the third […]
Romania’s foreign trade gap (goods) shrank by 19% y/y in October 2025, as the exports performed better than imports for the sixth month in a row: it increased by 5.1% y/y to EUR 8.87 billion, while the imports contracted by 2.4% y/y to EUR 11.88 billion, according to data published by the statistics office INS. […]
Over 10,000 people demonstrated on the evening of December 14 in Bucharest and several other cities across Romania, demanding changes to the justice laws, to ensure the independence of the system and limit the possibility of abuses. It was the fifth day of demonstrations triggered by the Recorder documentary titled "Captured judiciary," which revealed the […]
Romanian president Nicușor Dan is in Finland on Monday and Tuesday, December 15-16, where he is scheduled to take part in the EU Eastern Flank Summit and hold a series of official meetings with representatives of the Finnish government and the defense industry. According to the public agenda, on Monday, the president is set to […]
