The US investment fund Carlyle, which operates in Romania through its offshore gas venture, is assessing potential options to acquire the foreign assets of Russian oil group Lukoil, Reuters reported, as cited by
The government extended by three months, until June 30,2024, the payment of food and accommodation for beneficiaries of temporary protection coming from the conflict area in Ukraine. According to an Executive press release made on Thursday, paragraphs 10 and 11 of article 1 in Emergency Order 15/2022 that stipulates granting support and humanitarian assistance by the Romanian state to foreign citizens or people in special situations, coming from the armed conflict area in Ukraine are modified. “Expenses for granting money for food and accommodation will be initially paid from the Budget reserve fund, according to order 15/2022. Later on, the budget will be aupplemented with 17,163,270 euros coming from the European Union, as part of projects presented by the Department for Emergency Situations. EU contribution is granted on condition the period of granting aid after March 31, 2024 is modified and following the approval by EC of the reviewed variant of the 2021-2027 National Program Assylum, Migration and Integration,” the press release mentions.
The US investment fund Carlyle, which operates in Romania through its offshore gas venture, is assessing potential options to acquire the foreign assets of Russian oil group Lukoil, Reuters reported, as cited by
Record public investments amounting to about 8% of GDP in 2026 could offset the negative fiscal impulse generated by consolidation measures and support a firmer economic expansion next year, Daniel Dăianu, President of the Fiscal Council, told Ziarul Financiar on November 13. Romania anticipates economic growth...
Romania's industrial output increased by 0.9% y/y and by 1.1% y/y in the core manufacturing sector in Q3, after 2.6% y/y growth (+3.1% y/y in manufacturing) in September, according to data published by the statistics office INS. The annual growth rate in Q3 was slightly slower (+0.5% y/y and +0.6% y/y) when adjusted for the […]
Romania’s GDP increased by 1.6% y/y under the national methodology and 1.2% y/y under the methodology used by Eurostat, according to the flash estimate published by the statistics office INS. This resulted in a Eurostat methodology growth rate of around 1.4% for the first three quarters of the year. The GDP declined by only 0.2% […]
The Christmas markets have become major tourist attractions in certain cities, drawing visitors with their mix of traditional crafts, tasty foods, and festive atmosphere. Below we list some of the main ones, from those transforming historic squares to events held in major urban centers. Bucharest Christmas Market November 29 - December 28 Held in the […]
The Romanian Wind Energy Association (RWEA), the Romanian Photovoltaic Industry Association (RPIA) and the Renewable Energy Producers Organization in Romania (PATRES), representing members with a total installed capacity of over 6.5 GW, warn of the risk of a major bottleneck in the energy sector caused by the introduction, without a transition period and with an […]