The independent presidential candidate, Nicusor Dan, who will face AUR leader George Simion in the second round of the elections, declared, in a press conference held on Tuesday, that there is no reason to panic, in the context in which the euro exchange rate exceeded the 5 lei threshold on Tuesday. “I send a message of calm and optimism regarding the developments in the financial market yesterday and today. Romania has a competitive private economy. The National Bank has a foreign exchange reserve of 60 billion euros, which can absorb any kind of attack on the leu. In the 2021-2027 financial year, Romania is now starting to absorb considerable amounts of European money, so there is no reason for financial panic,” Nicusor Dan said in a press conference. As for Marcel Ciolacu’s stepping down from the PM’s office , the independent presidential candidate replied: “I don’t think it was appropriate for Marcel Ciolacu to continue leading the Government after the November elections. It will be a temporary situation for two weeks, it happens all over the world.”
Trade unionists will continue to require the Presidential Administration to mediate the conflict with the government on issues such as the minimum wage or the collective labour agreement, said Bogdan Hossu, president of the Cartel Alfa trade union confederation, as reported by
Prime minister Ilie Bolojan said on Wednesday, December 10, that Romania’s state budget for 2026 will be adopted only at the end of January, citing the need for Parliament to first approve legislation required to ensure predictability and compliance with the country’s deficit targets. His comments came as the government has been working to align […]
Bosch announced that its Global Business Services centre in Romania, at Timisoara, plans to reduce approximately 510 positions of the existing 1,800 by the end of 2030 as part of a cost-cutting plan that aims to lay off 13,000 employees worldwide across the entire group. The company cited “stagnant demand for services” and “productivity potentials […]
Romanian dairy producer Artesana will begin construction of a new factory in 2025, an investment estimated at EUR 8-10 million with production specialised in cheese products scheduled to start in 2027, Mediafax.ro reported. The company said...
Roșii Românești, a company registered in Timișoara as part of the Polish group Citronex, has begun its planned EUR 20 million investment in the construction of a modern hydroponic tomato greenhouse complex, accompanied by a packaging space, road infrastructure, logistics platforms, and utility connections. The documents have been submitted to the Environmental Agency, and production […]
The government of Romania announced on December 10 that it had adopted measures "to rebalance the cooperation" with OMV Petrom for the next 15 years and a principled agreement between the two parties that "creates the premises for a balanced and predictable relationship, aimed at contributing to the consolidation of the country's energy independence for […]
