Romania's embattled judiciary faces a period of high tension as two key officials were prompted to leave office this week and key verdicts were postponed as the country prepares for the Orthodox Holy Week. Facing mounting pressure, Prosecutor General Augustin Lazar announced his retirement and a prosecutor who has been accused of plagiarism was announced as replacement. And Justice minister Tudorel Toader announced his resignation as pressure increased for him to be replaced with an even bigger opponent of the fight against corruption.
About 46% of Romanians believe that what they currently buy is only the bare minimum to ensure their daily living due to inflation. In the last month, Romanians spent the most on food products (89%), utilities (82%), personal hygiene products (73%), home care products (67%), and medicines or supplements (66%), according to a Reveal Marketing […]
The Bucharest office market recorded its lowest level of deliveries in two decades in 2024, with only one major project completed, according to the annual report published by Colliers. Total rental demand fell by 18% compared to the previous year, but new demand remained at a similar level to 2023. At the same time, more […]
Sameday, the courier company in the eMAG group, announced that its new logistics center in the city of Ghimbav, Brasov County, has become operational, an investment of over RON 21 million (EUR 4 million), according to Economica.net. The logistics center has a total area of 6,800 sqm and is located on a 10,000...
Romania's government will "unblock and accelerate" ten hydropower projects with a total installed capacity of 700 MW, where RON 12 billion (EUR 2.4 billion) was already invested, energy minister Sebastian Burduja announced, according to Economica.net. The...
The volume of construction works in Romania marked an outstanding annual advance of over 30% y/y in January, driven by the good weather that allowed infrastructure projects to continue at a high pace (+33.8% y/y), but also by the low base effects in the residential segment where the reported activity was unusually weak in the […]
Romania is allocating EUR 440 million for the fourth edition of the Start-Up Nation scheme, which aims to support over 7,500 entrepreneurs, prime minister Marcel Ciolacu announced ahead of the government meeting on 20 March, according to an official statement. The programme, launched in August 2024, will provide entrepreneurial training followed by financial support of […]
