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  5. Reactions to Kovesi case. Dragnea asked if Romania...

Reactions to Kovesi case. Dragnea asked if Romania should back Kovesi’s bid for Chief European Prosecutor office: Is this the Eurovision?  Guy Verhofstadt asks EP President to guarantee that Kovesi will be able to present her bid for the office of Chief European Prosecutor: “We are appalled by the Romanian authorities’ attacks against this candidate”. Elena Udrea compares Kovesi dossier to Bute Boxing Gala dossier: If I broke the law then she broke it too, and should get a minimum of 6 years in jail and be forced to give the money back to Ghita. ECHR addresses four key-questions to the Romanian authorities, on the dismissal of the former DNA head

February 19, 2019
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Romania's wages 35% of EU average despite labour productivity at 80%

Romania is the most competitive country in the region in terms of labour costs relative to productivity, according to an Erste Group report quoted by Cursdeguvernare.ro.  Although...

Romanian president to return to Parliament amendments to law against extremist organisations

Romanian president Nicușor Dan announced on July 18 that he will return recent amendments to the country’s law against extremist organisations to Parliament, despite the Constitutional Court rejecting his objections. The announcement was made during a press conference at the Romanian Embassy in Berlin. The contested legislation, commonly referred to as the Vexler Law, amends […]

Corratec to produce bicycles for woom in Romania

Corratec, the Romanian production division of the German bicycle group, has signed a production contract with the Austrian brand woom, with bicycles to be primarily delivered to the European and international markets, according to Ziarul Financiar. Production will begin in November 2025. "This partnership...

Majority shareholder of Patria Bank considers full or partial stake sale

EEAF Financial Services BV, the majority shareholder of Patria Bank (BVB: BPK), is evaluating strategic options for its 84.05% stake in the Romanian credit institution, including a potential full or partial sale, the bank announced on July 18. The move marks a potential ownership change at one of Romania's listed banks, although no firm decision […]

New EU budget envisages 17% more cohesion and agriculture funds for Romania

The new multiannual financial framework (MFF) 2028-2034 envisages a total of EUR 54.6 billion for Romania under the cohesion policies and common agriculture policy (general allocation)  – 17% more compared to the previous 2021-2027 MFF, but at the cost of stricter disbursement criteria, according to the 2028-2034 MFF draft published by

Construction works volume in Romania up 0.8% y/y in April-May

The construction works volume in April-May increased by 0.8% y/y, according to data published by the statistics office INS.  The sector’s modest performance comes after the 10.6% y/y surge in Q1 that was, however, driven by low base effects, therefore not entirely relevant. In fact, the average seasonally and workday adjusted construction works index in […]