The Economic and Financial Committee (EFC) gave its OK for Romania's Recovery and Resilience Facility (RRF) second payment request, this being the last step required for the disbursement of the 2.7 billion euros, Finance Minister Marcel Bolos announced on Friday evening."The Economic and Financial Committee gave a positive opinion for Recovery and Resilience Facility payment request No. 2. This was the last necessary step for the European Commission to adopt the decision regarding the disbursement of the 2.7 billion euros. Consequently, we expect the money to arrive by the end of this month. I remind you that the submission of this request was conditioned by the settlement of certain key aspects for Romania such as decarbonization, the interoperability of databases for cutting red-tape, and implementing the government cloud," Marcel Bolos wrote on Facebook.According to him, Romania is among the first seven EU countries that submitted the second payment request, although it has the most complex plan, with over 500 targets and milestones to fulfill.
Romania’s Competition Council has approved the acquisition of Karamolegos Bakery Romania by Vel Pitar, a company fully owned by global bakery group Bimbo, the authority announced on May 12. Karamolegos Bakery Romania is involved in the production and sale of packaged bread under brands such as KB Toast, KB Selected, and Mândra. It also supplies […]
The National Bank of Romania (BNR) probably spent/sold EUR 6 billion of its foreign exchange reserves to prop up the local currency (leu) last week after the victory of far-right presidential candidate George Simion in the first round of elections, which led to the collapse of the government, according to an analysis by Austrian bank […]
Romania’s foreign trade deficit (goods) widened by 27% y/y to EUR 8.45 billion in Q1, according to data published by the statistics office INS. Exports rose by 2.7% y/y while imports surged by 8.1% y/y. Romania’s deficit in foreign trade in goods has reached EUR 35.2 billion in the four quarters to March 2025, or […]
Romania’s Treasury has launched new issues of government bonds under the Tezaur and Fidelis schemes, paying yields of 6.75% (1-year) to 7.8% (5-year) for the local currency debt and up to 6.25% (7-year) for euros. After the Treasury raised RON 21.4 billion (EUR 4 billion) under the two schemes year to date, the households’ demand […]
Romania’s Treasury on May 12 placed RON 540 million (EUR 100 million) of Government bonds on the domestic market at an average yield of 8.45% by reopening an issue that matures at the end of July 2026, according to the National Bank (BNR). The yield is 1.5 percentage points up from roughly two weeks earlier, […]
With five days remaining until the second round of Romania's presidential elections on Sunday, May 18, the race between far-right leader George Simion and independent candidate Nicușor Dan is extremely close, according to an AtlasIntel opinion poll conducted for
