Romania's gross external debt (not including the loans contracted by FDI companies from parent groups) increased by 12% y/y or EUR 16.5 billion in 12 months to April 2025, according to data published by the National Bank of Romania. The gross external debt (GED) reached EUR 158.2 billion, equivalent to 44.7% of the country's GDP.
The rise in Romania's GED over...
In 1905, the first Siemens company was established in our country. Siemens S.R.L. has consistently invested in education and human capital development, providing scholarships worth nearly €1,900,000 to undergraduate, Master's, and PhD students, for over 10 years. The company maintains long-term collaborations with prestigious technical universities in Bucharest, Brașov, Cluj-Napoca, and Iași. In 2025, Siemens […]
The organizers of Bucharest's Neversea Kapital festival, scheduled for July 4–6, announced the names of two more guests that will complete the lineup, namely house sensation John Summit and techno star Paul Kalkbrenner. John Summit is a big name in the house and electronic dance genres. Recognized by Rolling Stone as “The Hottest Name in […]
State-owned airline Tarom announced it was extending the suspension of flights to Tel Aviv, Beirut, and Amman. “Given the prolonged tense situation in the region, Tarom is extending the suspension of commercial flights to and from Tel Aviv (TLV), Beirut (BEY) and Amman (AMM),” the company said. The flights to Tel Aviv (TLV) are suspended […]
A total of 83% of respondents to a study carried out by lender Raiffeisen Bank in partnership with market research company Appinio have already made their vacation plans. A share of 6% will not go on holiday, while 12% have not yet finalized their vacation plans. About half of those who already have vacation plans […]
Electromontaj, the largest high-voltage electrical network constructor in Romania, has become the majority shareholder of insurer ABC Asigurări after acquiring the stake held by Hidroconstrucția, a company currently in insolvency. ABC Insurance is a general insurance company with 100% Romanian capital, present on the local market for over 25 years. In 2024, the company aimed […]
Registrations have opened for Romania ClimAccelerator, the program supporting green startups that propose innovative solutions in areas such as urban mobility, renewable energy, climate-smart agriculture, sustainable cities, circular economy, industrial emissions reduction, environmental education, and responsible consumption. Startups will be selected in two categories: Pre-Seed Stage, for teams at the beginning of their journey that […]
