Romania’s trade deficit grew by 33.1 percent in January – July 2017, as compared to the same period of 2016, to over EUR 6.824 billion, a release by the National Statistics Institute (INS) on Monday reads. In 1 January – 31 July 2017, the FOB exports went over EUR 36.101 billion, while the CIF imports […]
Romanian prime minister Ilie Bolojan said the government is unlikely to raise the minimum gross basic salary in 2026, arguing that such a move would trigger a chain reaction of wage increases across the public sector and impose an unsustainable burden on the state budget, Ziarul Financiar reported. ...
Russian operatives with ties to the Kremlin are reportedly attempting to prevent the extradition of Horatiu Potra, a former French Foreign Legionnaire and bodyguard turned alleged financier of Romanian isolationist leader Călin Georgescu,
Romania's e-commerce platform eMAG will use the cloud hosting and AI services provided by Tencent Cloud, the cloud division of the Chinese group and the world's largest gaming company Tencent, Profit.ro reported. The partnership is aimed "to provide smooth and highly...
Romanian state-controlled power producer Hidroelectrica (BVB: H2O) reported a 23% year-on-year decline in net electricity generation to 8,473 GWh in the January–September period, according to operational data published on the Bucharest Stock Exchange. The company, valued at RON 55 billion (EUR 11 billion), said the reduction was largely driven by lower hydrological flows,
The agro-industrial conglomerate Trans-Oil Group, one of the largest players in the Black Sea region, with a focus on the Republic of Moldova but also active in Romania, Serbia, Turkey, and Asia, is analysing a possible listing on the Bucharest Stock Exchange as part of its strategy to diversify its financing sources, according to
Romania's state-owned airline Tarom reported a gross profit of RON 292.3 million (nearly EUR 60 million) for 2024, marking its first major turnaround after several consecutive years of financial losses, Economica.net reported. The improvement follows the implementation...
