Romania’s Development and Investment Sovereign Fund (FSDI), included in the electoral programme of the Social Democratic Party (PSD), has generated huge interest in international financial quarters, from the United States to Norway, PSD national leader Liviu Dragnea said Wednesday. He added that the FSDI paves the way for Romania’s reindustrialisation. “A law will follow for […]
The White Symphony Orchestra, Romania's only all-female orchestra, will perform at Sala Palatului in Bucharest on April 29 to mark the 200th anniversary of Johann Strauss II's birth. Under the baton of the talented conductor Donna Bianca and concertmaster Monica Calofir, the orchestra will enchant the audience with some of the most beloved waltzes, polkas, […]
Romania’s tax agency ANAF announced on Monday, March 17, that it uncovered tax evasion exceeding RON 2.41 million in the ride-sharing sector following an anti-fraud inspection at a company based in Ilfov county. The firm, which operates transport services through Uber and Bolt, generated revenues of RON 5.23 million between January 2023 and June...
Tensions are reportedly rising between the two founders of Romanian far-right party AUR (the second-largest in parliament and reportedly the largest one in the recent polls), George Simion and Claudiu Tarziu – who claims that his authoritarian colleague is pressing him to resign. MEP Tarziu currently serves as the head of the AUR leading body […]
"There is no question of a nuclear dome over Romania," presidential adviser and former foreign minister Cristian Diaconescu said, commenting on the scenarios circulated about France using its nuclear umbrella to protect a larger part of the continent against the Russian threat, according to
The average net wage in Romania rose 9.7% y/y to RON 5,328 (EUR 1,070) in January, marking the slowest annual real growth rate (+4.7% y/y) since May 2023. Wages are expected to lose momentum through 2025, after the 4.4% and 7.7% advance, in real terms, during 2023 and 2024. The government’s forecasting body expects a […]
Romania’s public debt increased by 22.9% y/y to RON 964.3 billion (EUR 193.9 billion) at the end of December, after it surged by EUR 36.2 billion during the year. The public debt leaped by RON 27.4 billion (EUR 5.5 billion) in December, although the Treasury has not issued any FX bond – the increase […]
