Paolo Gentiloni, Commissioner for the Economy, will be in Bucharest at the start of this week to discuss the economic outlook, as well as the situation in Romania one month after the start of Russia's military aggression against Ukraine. On Monday, the Commissioner will be meeting with Adrian Caciu, Minister of Public Finance – followed by a short press statement – and Raed Arafat, Secretary of State and Head of the Emergency Situation Directorate, with whom the Commissioner will visit the humanitarian assistance site for refugees at Gara de Nord. In the afternoon, he will meet with Marcel Ciolacu, President of the Chamber of Deputies, followed by a meeting with Klaus Iohannis, President of Romania. On Tuesday, he will deliver an opening speech at The Economist conference: ‘Romanian Business & Investment roundtable', followed by a meeting with Mugur Is?rescu, the Governor of the National Bank of Romania. Finally, later in the morning, Commissioner Gentiloni will meet with Nicolae Ciuca, Prime Minister of Romania.
Bibiana Stanciulov, the owner of the company that produces Magiunul de Topoloveni (a registered traditional plum jam), one of the most famous Romanian food brands, sued Metro retailer for refusing to accept paying a higher price and eventually delisting her products, according to
Gameloft, a French producer and developer of video games, has decided to close the studio in Cluj-Napoca, opened 15 years ago, and to fire all 136 employees from this headquarters, the company told Economedia.ro. ...
The average net wage in Romania increased by 14.1% y/y to RON 4,973 (EUR 1,000) in Q1, after the earnings in March surprisingly exceeded those in December – seasonally boosted by yearend bonuses, according to data published by the statistics office INS. The higher net wages in March were in the tobacco processing industry (RON […]
Romania's seasonally (and workday) adjusted GDP rose by 0.5% q/q in Q1, reversing the 0.6% q/q decline in Q4 and bringing the index close to the level in Q3 last year – according to flash estimates published by the statistics office INS. The flash q/q estimate is roughly half of the expectations expressed...
Along with the consensus scenario of strong fiscal stimulus and robust domestic demand, the European Bank for Reconstruction and Development (EBRD) projects strong economic growth of 3.2% this year and 3.4% in 2025 for Romania, under the latest Regional Economic Prospects report published on May 15. The main vulnerability remains the fiscal position, the EBRD […]
The governor of the National Bank of Romania (BNR), Mugur Isărescu, speaking at the Inflation Report unveiling on May 15, declared that a fiscal correction is "absolutely necessary," but it is hard to carry out such policies during an electoral year such as 2024. "[The fiscal correction] is absolutely necessary, and we encourage the government […]
