The finance minister Adrian Caciu and prime minister Nicolae Ciuca discussed on Thursday, April 14, with the delegation of the World Bank Group in Romania, led by President David R. Malpass, about the need to develop a bilateral partnership, in the context of the economic and social challenges posed by the crisis in Ukraine. "We are analyzing with great interest the possibility of relocating to Romania some companies from the Russian Federation, Belarus and Ukraine, and we want financial and logistical support from the World Bank. At the same time, we are determined to take all necessary measures for the active involvement of Romanian companies in the reconstruction of Ukraine," Adrian Caciu pointed out, according to Adevarul news paper. The minister of finance praised the quality and importance of the technical assistance provided by the World Bank in implementing the reforms undertaken under the National Recovery and Resilience Plan (PNRR), which offers many opportunities for development and growth through the implementation of reforms and investment projects. The representatives of the World Bank showed their readiness to support Romania in the process of joining the OECD, a vital step for consolidating its economic profile, with positive effects in generating new jobs and diversifying development opportunities.
Romanian police announced they recovered a stolen bronze statue by French sculptor Emile-Antoine Bourdelle, valued at approximately EUR 15,000. The artwork was taken from France in 2018 and surfaced in Constanța, where officers from the Criminal Investigations Directorate intercepted an attempt to sell it. On February 27, 2025, acting on intelligence...
Romanian telecom group Digi Communications (BVB: DIGI) reported 14% higher consolidated revenues due to strong growth in Spain and launch of operations in Portugal. The group’s gross profit went up almost sixfold to EUR 539 mln, following the sale of its fiber network in Spain. “2024 was a transformative year for Digi, as we strengthened […]
Prosecutors from Romania’s High Court of Cassation and Justice requested a 30-day preventive detention measure for Horațiu Potra, his son, his brother, and 18 other individuals charged with attempted actions against the constitutional order. Horațiu Potra and his two relatives have not been located, and there are indications that they are not in the country. […]
Romania has been downgraded to a "hybrid regime" in the 2024 Democracy Index published by The Economist Intelligence Unit (EIU) on Thursday, February 27. Its score dropped from 6.45 to 5.99, pushing it out of the "flawed democracy" category and down 12 places to rank 72nd globally, between Moldova and Papua New Guinea,
Banca Transilvania (BVB: TLV), the biggest financial group in Romania, recorded substantial growth in 2024 through both organic expansion and the strategic acquisition of Hungarian group OTP’s subsidiaries in Romania. At the end of 2024, Banca Transilvania Financial Group reported...
2024, a new year of growth for Sphera Group: sales of RON 1.5 billion (+5,4%), net profit of RON 97.2 million (+22%) and EBITDA of RON 176.9 million (+19.6%) Significantly improved profitability for KFC Romania, which achieved a net profit of RON 100.2 million (+15.5%), and Taco Bell, which increased its net profit almost six […]
