Romania’s annual inflation rate eased to 5.9% in April from 6.6% the month before and 7.2% in February, according to the official report released by the statistics institute INS on Tuesday, May 14. According to Biziday.ro,...
Justice Minister Raluca Pruna said Friday that the fight against corruption is not the responsibility of the state, but of each and every one in Romania, warning that corruption “steals” something from everybody’s pockets. “The fight against corruption is not a responsibility of the state, but of each of us, because our lives are directly […]
Romania’s annual inflation rate eased to 5.9% in April from 6.6% the month before and 7.2% in February, according to the official report released by the statistics institute INS on Tuesday, May 14. According to Biziday.ro,...
Photon Energy, a group of companies providing solar energy, clean water solutions, and environmental remediation worldwide, announced it secured a loan to finance its portfolio of photovoltaic parks in Romania. The loan, totaling EUR 15 million, represents the group's second project financing for European photovoltaic solar energy assets operating on a free market basis, selling […]
Turkish-Spanish car parts supplier Gestamp announced the opening of a new factory in Darmanesti, Arges county, where 200 will be employed. The investment is conducted by the Turkish-Spanish international company Beyçelik Gestamp. The factory will produce components for the Romanian car producers Dacia and Ford Otosan,
Romanian video game developer Amber Studio announced that it gave up a EUR 2.7 million state grant as it found the creation of 120 workplaces in Botosani and Craiova was not sustainable, Ziarul Financiar reported. "As a result of the global economic situation regarding the industry in which the company...
Mitoc Partners, indirectly owned by Italian investors (75%) and Romanian lawyer Edward Dobre (25%), is developing a major wind generation project in Botosani county, northeastern Romania, composed of three wind farms with an installed capacity of 305MW,
The April headline inflation, to be published on May 14, was expected to decrease towards 6% y/y, but the hopes for entering the 2.5% +/-1pp were further delayed amid slightly higher inflationary pressures this year and an inflationary shock expected with the fiscal corrective package in 2025. The central bank has a yearend target of […]