On May 9, 2016, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation1 with Romania. The Romanian economy is on a cyclical supported by strong domestic demand. Recent hikes in minimum and public wages, record low interest rates, low fuel prices, and a Value-Added Tax (VAT) reduction have boosted private […]
The Romanian Presidential Administration, currently under interim president Ilie Bolojan, has declassified and made public the costs incurred for the flights taken by former president Klaus Iohannis from January 2015 to February 2025, the time he was in office. Iohannis undertook a total of 193 official trips during his mandate, amounting to approximately 450 flights, […]
The Venice Commission, in the plenary session from March 13 to 15, has formally adopted its final report on the annulment of Romania's presidential elections, concluding that such a decision should only be taken in "extraordinary situations" in compliance with several principles and should preserve the electorate's right to free elections. The...
The substance of the revision, by emergency ordinance OUG 21/2024, of the merger of local and European elections in Romania in 2024 does not go against international standards, the Venice Commission concludes in a report published on March 18, while admitting that the procedure was still problematic in some aspects. Romania’s Government decided...
Booster Capital, a private equity fund launched in late 2024, has reached an agreement to acquire a significant stake in Bisbags, one of Romania's leading manufacturers of paper bags and packaging, according to
Romanian company Avant Airports has confirmed in an email to Romania Insider its plans to develop Alexeni Airport, a EUR 400 million project near Bucharest, aiming to become the largest cargo hub in Eastern Europe within the next three years. The announcement comes a year after the company signed a concession contract with local authorities […]
The local authorities in Cluj County, central Romania, are exploring the option of financing the expansion of the Avram Iancu International Airport in Cluj-Napoca through bonds issued at the Bucharest Stock Exchange (BVB). The airport would reach an annual capacity of 20 million passengers per year from 1.5 million currently. Alin Tişe, the president of […]
