Romania undergone the sharpest deterioration of its 2024 growth outlook among the set of countries covered by the European Bank for Reconstruction and Development (EBRD): -1.8 percentage points (pp) from 3.2% in May to 1.4% in September, according to the Bank's regional report published on September 26.
The 1.4% growth rate makes Romania one of the slowest economies in the EBRD region, ahead of only Tunisia and the more developed economies of Czechia, Estonia, and Latvia.
For...
Spotlight – the International Festival of Light, one of Bucharest's most anticipated open-air visual arts events, will return to Calea Victoriei avenue next month, from October 11 to 13. The organizers promise a unique show of light and technology, with impressive light art installations and video mapping sessions on the city's iconic buildings. Thus, for […]
The names of the 15 companies designated as finalists at the BVB Arena 2024 edition were disclosed last night (September 26) at the already renowned Gala in the framework of the BVB Arena project organised by the Bucharest Stock Exchange. BVB Arena was launched in April 2024 and is the stock exchange program initiated as […]
While at the 79th UN General Assembly in New York, Romanian foreign minister Luminiţa Odobescu took part in an event hosted by the German foreign minister, Annalena Baerbock, focused on the rights of women and girls in Afghanistan. On this occasion, Romania joined Germany, the Netherlands, Canada, Australia, and other international partners in launching an […]
Vitesco Technologies, a leading international developer and manufacturer of cutting-edge drive systems for sustainable mobility, appointed Sunil Mahesh Moudgalya as director for its factory in Brașov, central Romania. He replaces Raffaele Russo, who continues his career as Head of Quality Operations, Supply Chain Management & Purchasing at Schaeffler. Sunil Mahesh Moudgalya has over 15 years […]
Romania is expected to enter the Visa Waiver scheme and thus travel freely in the United States as the country already met the 3% visa refusal rate requirement, prime minister Marcel Ciolacu told Realitatea TV station, Profit.ro reported. An official...
Ussuri Capital Partners (UPC), a company based in Turkey with Ukraine’s Roman Kurashev as CEO and co-founding member, announced that it is launching the first round of financing, through which it wants to raise EUR 60 mln for the first phase of the planned EUR 900 mln steel plant in Romania, according to Economica.net. The […]
