Minister of Economy, Digital Transformation, Entrepreneurship and Tourism Bogdan Gruia Ivan was on a working visit to the municipality of Barlad - Vaslui County on Friday to discuss with the county and local authorities solutions for the county's reindustrialization.The minister visited the Barlad Bearings Factory where he asked the company's management to seek licensing for becoming a supplier to the defense industry, as plans are afoot for Romania to become a major defense industry manufacturer."Thanks to large infrastructure investments in the past three years, Barlad will be less than 60 kilometers from the Moldova motorway. We are looking for solutions for the capital area, for working capital for industrial companies, including the Barlad Bearings Factory, which is a landmark company with an incredible history. It is one of the three factories in Europe with an almost complete in-house production cycle. For us, this factory represents a priority. With the construction of the motorway and the reconstruction of Ukraine ahead, the entire northern and eastern area of Romania will develop. We agreed with the bearing manufacturer to start procedures to license the factory to become a defense industry supplier, which is extremely important. In the 2025 budget we already have RON 1 billion earmarked for investments in Romania's military industry, in production. It only follows naturally that we want to turn Romania into one of the major producers for the defense segment," said Bogdan Gruia Ivan.President of the Vaslui County Council Ciprian Trifan emphasized the need for investments in the area, stating that opening local industrial parks is a major option in this regard.
Romania’s construction works volume index surged by 12.2% y/y in Q1 – a performance largely owed to low base effects and the seasonally low activity in the first quarter of the year, according to the statistics office INS. The sector is among the few that propped the overall economic growth in Q1, estimated by the […]
The election of Bucharest mayor Nicușor Dan as Romania's next president will likely pave the way for a new government to address the fiscal risks, although challenges remain "substantial," S&P Global Ratings said, quoted by Bloomberg and Economedia.ro. "Markets will want to see how quickly the new government is formed and how credible its fiscal […]
Asked whether the local currency RON (leu) is still overvalued, the governor of the National Bank of Romania (BNR), Mugur Isărescu, said in the press conference on the Quarterly Inflation Report on May 20 that the national currency is "within a range of balance." The mid-day exchange rate announced by BNR on May 20 marked […]
"The increase in fiscal revenues is inevitable. What matters is how and where it will be done," central bank governor Mugur Isărescu told a journalist during the press conference on the Quarterly Inflation Report on May 20, when asked about the likelihood that an increase in taxes and duties is necessary. Pursuing fiscal consolidation only […]
The National Bank of Romania (BNR) has revised upward its inflation forecast for nearly the entire projection horizon, citing the planned lifting of the energy price capping mechanism at the end of June 2025 and higher core inflation contributions. The updated projections were published in the May 2025 edition of the Quarterly Inflation Report. According […]
George Simion, the leader of the far-right party AUR, announced Tuesday, May 20, that he would challenge the result of Romania's May 18 presidential election, in which pro-EU centrist Nicușor Dan emerged as the winner, at the Constitutional Court (CCR). He made several accusations of external political...
