The average monthly volume of consumer loans in Romania increased by 11.4% y/y in January-August this year compared to 2024, after a sharp 63% y/y surge last year, according to data from the National Bank of Romania (BNR).
The slowdown, visible in the mortgage lending as well (although the refinancing obscures the volume of new mortgage loans), has a direct impact on the dynamics of private consumption: the retail sales increased by 8.6% y/y in 2024, driven by 14.8% surge in the sales...
North Bucharest Investments announces a strategic partnership with the Adrian Mutu Football Academy, marking the beginning of a collaboration focused on developing sports among children and young people, health education, and promoting an active lifestyle. As part of this partnership, the two organizations are launching the North Bucharest Investments Cup, a youth football competition taking […]
Make IT in Oradea, a public-private initiative developed by the city to support tech entrepreneurship, has launched Startup Fortress, a year-round program offering tech founders access to infrastructure, funding, and networking. The program aims to attract talent and promote the local tech ecosystem through a paid residency designed for digital nomads and professionals interested in […]
Romania’s gross domestic product (GDP) registered a 0.3% increase in the second quarter of 2025 compared to the same period of 2024, and 2.3% on the seasonally adjusted series, according to the National Institute of Statistics. The seasonally adjusted GDP in the second quarter of 2025 is estimated at approximately RON 467.7 billion, showing a […]
Romanian cosmetics company Caress Society has announced plans to build a modern production facility in Filipeștii de Tîrg, Prahova County, with a total investment of RON 17.6 million (some EUR 3.5 million). The project will be co-financed through the Just Transition Program 2021–2027, with approximately 70% covered by EU funds and the rest from the […]
Romania ranks 36th globally by the size of central bank reserves, around USD 73 billion, according to The World Factbook, but based on 2024 data. The 36th place is the same as the country’s position by the size of its economy in the world, with GDP calculated at purchasing power parity. However, this year the […]
Romania has been officially selected to compete at Bocuse d’Or Europe 2026, marking the first time the country will take part in the world’s most prestigious culinary competition. There will be 20 participating nations at the European edition, which will take place in Marseille, France, in March 2026. The countries that qualify in Marseille will […]
