The Romanian Government will propose a prudent draft 2012 budget, which should protect Romania from major risks if the situation in Europe does not improve, and none of the budget scenarios states wage cuts or taxing pensions, Prime Minister Emil Boc said Tuesday.
Romania’s governing coalition agreed on July 30 to hold local elections for Bucharest Mayor in November, although the exact date has not yet been set, Ziarul Financiar reported. The mayoral seat became vacant after former mayor Nicuşor Dan won the presidential election in May. On the same day, president...
State-owned Romgaz (BVB: SNG) sold 2.52 billion cubic meters of natural gas from domestic production in the first six months of the year, 12.55% above the level of the same period in 2024, according to the operational report from the Bucharest Stock Exchange. The company's financial report will be published on August 14. Hydrocarbon production […]
Hidroelectrica (BVB: H2O), the largest energy producer controlled by the Romanian state, announced on the Bucharest Exchange that its net electricity production decreased by 27% in the first half of the year, to 6,068 GWh, while purchased energy increased by 62%, to 674 GWh. The company’s financial results for the first 6 months of the […]
Romania’s automobile production fell 2.8% year-on-year (y/y) in the first six months of 2025 to 284,216 units, despite a sharp recovery in June, data published by the Romanian Automobile Manufacturers Association (ACAROM) showed. In the first half of 2024, Romania produced 292,378 vehicles. In June, the combined output at the country’s two major...
Polish group Maspex will get 71.1% (28,78 million shares) of Bucharest Exchange-listed Moldovan winery Purcari, for a price of RON 604 million (nearly EUR 120 million), according to Profit reporting at the closure of the takeover bid on July 30. The price paid in the bid values Purcari winery...
Romania’s Economic Sentiment Indicator, or ESI, a composite indicator designed to track GDP growth calculated as a weighted average of the balances of replies to selected questions addressed to firms in five key economic sectors, plunged in July to 94.7 – the lowest level since January 2021, according to Eurostat. Romania’s ESI dropped below the […]
