In 2023, Romanians in the diaspora sent EUR 6.5 billion back home, EUR 350 million more than in 2022. In comparison, foreign direct investments fell sharply, from over EUR 11 billion in 2022 to only EUR 6.6 billion, according to the National Bank of Romania (BNR).
As such, Romanians abroad remain one of the cornerstones of the Romanian economy, equating FDIs through their remittances. Overall, the diaspora sent home more than double compared to a decade ago. The value of personal remittances...
Romania is among 19 European Union member states asking the European Commission to allocate funding for the creation of migrant return centres to be located outside the EU, amid a broader tightening of the bloc’s migration policy, Agerpres reported. The request follows decisions taken by...
The minister of economy, Radu Miruţă, announced that the Agency for Monitoring and Evaluation of Public Enterprises' Performance (AMEPIP) fined him, as a natural person, for "wanting a clean and fair management at a state-owned company" - Avioane Craiova. The fine is apparently linked to comments made by minister Miruţă about the management teams appointed […]
The Chamber of Deputies, as a decision-making body, adopted the Law on Combating Antisemitism and Xenophobia on December 17, after the law was first referred to the Constitutional Court and then sent back to Parliament for re-examination by president Nicușor Dan, who indicated ambiguous formulations in the text that would excessively extend its scope, making […]
Greenvolt Group, through Greenvolt Power, a developer of wind, photovoltaic, and battery energy storage projects, announced that it has agreed to the sale of a 253 MW onshore wind project in Ialomița County to Engie Romania, a subsidiary of Engie Group. This agreement follows a series of successful asset-rotation operations announced by Greenvolt in 2025, […]
The Romanian Competition Council has fined Philip Morris Trading, Interbrands Orbico, and Mediaposte Hit Mail with fines totaling RON 135.2 million (EUR 26.6 million) for participating in anti-competitive agreements on the heated tobacco products market. The decision is enforceable. Following an investigation, the competition authority said it found that there were agreements between Philip Morris […]
The government approved on December 17 an emergency ordinance by which the Ministry of Finance allocates almost RON 2.5 billion (nearly EUR 500 million), intended for the payment of arrears of the Ministry of Development (MDLPA) and the continuation of public investments. This comes on top of RON 1.35 billion allocated to the Ministry of […]
