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.”
Representatives of the ruling Social Democratic Party, PSD, gathered for a congress in Bucharest on Friday, November 7, to elect new leadership and to amend the party’s Statute. The only candidate for party leader is Sorin Grindeanu, who held the interim position after Marcel Ciolacu's resignation in May. In his speech at the congress, Sorin […]
The e-commerce sector recorded strong early results on Black Friday 2025, according to real-time data released on Friday, November 7, by PayU GPO Romania from its dedicated Media Center. By 14:10, the payment processor reported successful transactions totaling RON 514 million (roughly EUR 101 million). PayU said shoppers had made roughly 889,000 purchases, with around […]
Contakt Express Logistik, one of Romania’s leading retailers of mobile phone and tablet accessories, with a network of over 235 stores, is set to launch the initial public offering (IPO) between November 12 and December 3, 2025. The company offers a wide range of products, including cases, screen protectors, chargers, and gadgets, both in physical […]
Romania attracts fewer international tourists today than it did during the communist era, making it the only country in Europe in this situation, the National Association of Travel Agencies (ANAT) warned, as reported by news agency Agerpres. According to the organization, Romania received more than 3.4...
InterCapital ETF, the first international ETF provider in Romania, will launch two new exchange-traded funds on the Bucharest Stock Exchange starting November 11, 2025. The new instruments are the InterCapital CROBEX10 TR UCITS ETF, which offers exposure to the Croatian blue-chip equity market by tracking the performance of the CROBEX10tr index, and the InterCapital EUR […]
The Competition Councils of Romania, Bulgaria, and the Republic of Moldova have granted the necessary authorizations and approvals for the completion of the transaction through which Maspex Romania takes over the majority shareholding of Purcari Wineries. The Maspex Group, which has been present in Romania for nearly 30 years, became the majority shareholder of one […]
