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Record level of new passenger car sales: over 81,000 units , up 16 pc year-on-year, from 70,000 in 2014

January 13, 2016

The sales of new passenger cars stood at 81,100 units in 2015, up by 15.77 per cent year-on-year, with 8,739 units sold in December alone, up by 56.19 per cent compared to December 2014, according to the data published on Tuesday by the Vehicle Registration and Driver Licences Directorate (DRPCIV). According to the aforementioned source, […]

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Weekend calendar: Nostalgia, Open Streets, season closing at George Enescu Philharmonic and more

Another selection focused on road movies is on at Elvire Popesco cinema, while the Bucharest public can also attend another edition of Nostalgia, the festival celebrating music for all generations.

Pensions and wages in Romania's public sector may not rise in 2026

President Nicuşor Dan said on June 25, asked about the freezing of pensions and public salaries next year, that this is in the ruling strategy of the government already endorsed by the lawmakers hence, so this might be observed.  "Let's start sticking to the things announced in advance," said president Dan, as quoted by

The Netherlands donates 18 F-16 jets to Romania for NATO training center

The Netherlands will transfer 18 F-16 fighter jets to Romania by the end of 2025 for the symbolic sum of EUR 1, defense minister Ionuț Moșteanu announced on June 25 during a press conference in The Hague alongside president Nicușor Dan, following the conclusion of the NATO summit, according to

One year before deadline, Romania risks losing 27% of Resilience Facility funding

The European Commission imposed "firm and rigorous conditions" for the investments funded under the National Recovery and Resilience Plan (PNRR), and this resulted in an estimated risk of losing EUR 7.8 billion (27%) out of a total envelope of EUR 28.5 billion, former minister of investments and European projects Marcel Boloş announced on his Facebook […]

Nearly half of corporate credit in Romania is intra-group foreign debt

Romanian companies tend increasingly to borrow from parent foreign groups rather than going to local banks, according to data from the National Bank of Romania (BNR) cited by Cursdeguvernare.ro.  The share of such intra-group foreign loans increased to 44% in 2024...

EBRD sells Romanian retail chain La Cocos to market leader Schwarz Group

The financial investors who took over the Romanian retailer with a rapid expansion, La Cocos, are selling their 70% stake to Schwarz Group – the market leader that operates the Lidl and Kaufland chains. The founder of the chain expects the German group to preserve the Romanian retailer's identity and develop it along Lidl and […]