The Board of Directors of the European Bank for Reconstruction and Development (EBRD) has approved a new country strategy for Romania, which will guide the institution’s investments and cooperation policies in the country over the next five years. The strategy will focus on private sector competitiveness, economic resilience, and the transition to a green economy. The financial institution is a major investor in Romania, combining investments with support for reforms that improve the country’s business environment and mobilize investment from other sources. To date, the EBRD has invested over €12 billion in Romania’s economy. “Since joining the European Union in 2007, Romania has rapidly reduced historical income gaps compared to other regional states, with GDP per capita and labor productivity reaching nearly 80% of the EU average. Despite the broad economic slowdown in Europe caused by the COVID-19 pandemic and the war in Ukraine, Romania’s economy has proven resilient and contracted less than the EU average,” the statement notes. The new EBRD strategy aims to support Romania’s continued convergence with the EU while addressing remaining structural vulnerabilities. “Our new country strategy is an active response to Romania’s most pressing economic challenges. It provides a framework for targeted investments and policy engagement that can help the country overcome the immediate fiscal crisis and build a more sustainable and prosperous future,” said Victoria Zinchuk, EBRD Regional Director for Romania. EBRD is a multilateral bank that promotes private sector development and entrepreneurial initiative in 42 economies across three continents. The institution is owned by 77 countries, as well as the EU and the European Investment Bank. EBRD investments aim to transform economies in its regions into competitive, inclusive, well-governed, green, resilient, and integrated economies.
The Romanian Senate adopted a draft law that automatically extends provisional protection orders and increases penalties for violating them on Monday, October 27. A total of 120 votes were recorded in favor. The bill extends provisional protection until the resolution in the first instance of the request for it, amending Law no. 217/2003 on preventing […]
BraveX Aero, a Romanian manufacturer of fixed-wing, long-range drones, announced on Tuesday, October 28, the signing of a strategic partnership with Germany’s Uniq Things UG, a technology company specializing in autonomous coordination and software for drone swarms. The technology allows for the simultaneous deployment of multiple drones, contributing to increased information and response capabilities for […]
The medieval citadel of Sighişoara, in central Romania, will host the first edition of the “Halloween in the Citadel” festival. The event will take place this weekend, between October 31 and November 2. The entire city center will be decorated in the spirit of Halloween with the ocassion. The towers and historic houses inside the […]
Romania ranks among the European Union countries with the highest share of people living in severely inadequate housing, according to new data compiled by Monitorul Social, a project of the Friedrich-Ebert-Stiftung Romania, based on Eurostat figures for 2023–2024. The report showed that 9.6% of Romania’s population lives in conditions classified as “severe housing deprivation,” meaning...
Haier Tech Europe is selling its manufacturing plant near Ploiești, in Romania’s Prahova county, as part of a broader restructuring of its European production network. The company has appointed real estate consultancy Colliers as the exclusive consultant for the transaction. The decision follows Haier’s recent strategic review, which led to the discontinuation of operations at […]
Romanian agricultural company Agroserv Măriuța, owner of the Lăptăria cu Caimac brand, announced the launch of a private placement for a new corporate bond issue with a value of up to EUR 3 million on Tuesday, October 28. Denominated in euros, the bonds will have a nominal value of EUR 100 each, a fixed annual […]
