Romanian economy, entrepreneurship, and tourism minister Radu Oprea announced that the number of foreign tourists visiting the country has increased by 12.4% compared to the January-May last year. Most tourists were from Italy, Germany, and France, he said. The government conducted tourism promotion campaigns in all three countries mentioned by the minister. Oprea also mentioned that the amount of money spent by foreign tourists in Romania has increased by over RON 1 billion, or 8%. However, there remains a disparity between what Romanian tourists spend abroad and what foreign tourists spend in Romania, according to News.ro. The official said that campaigns promoting tourism in Romania will continue in cities like London and the United Kingdom. He mentioned that the purpose of these campaigns is to raise awareness of Romania's potential as a tourist destination. Minister Radu Oprea also noted that according to statistics, the number of foreign tourists coming to Romania for leisure is greater than those coming for business. The Ministry of Economy, Entrepreneurship, and Tourism oversaw an outdoor promotion campaign for Romania in Hamburg, Berlin, Munich, and Frankfurt during the just-concluded European Football Championship. Images encouraging tourists to come to Romania were plastered on 625 taxis in the abovementioned cities.
Play Giurgiu, a festival for children and teenagers, will present a program of films, workshops, and other cultural activities in the southern Romania city of Giurgiu, which lacks a cinema hall. The event, taking place between June 27 and June 29, is organized by the animation festival Animest at the city's Tudor Vianu theater and […]
The cap on the commercial markup for basic foods will be extended by three months, until September 30, 2025, according to a draft emergency ordinance published on June 26 by the Ministry of Agriculture and Rural Development (MADR), Digi24 reported. According...
The first fiscal corrective package of the seven-year fiscal plan would be endorsed in an extraordinary session of the Parliament by the end of July, Romania's president Nicusor Dan said in Brussels after meeting European Commission's president Ursula von der Leyen. "As we agreed before the formation of the government, they [the first fiscal measures] […]
Romania’s car production declined by 6% year-on-year in the January–May 2025 period, totaling 231,181 vehicles, according to data released by the Romanian Automobile Manufacturers Association (ACAROM) on June 26. The drop occurred despite a significant rebound in May when output rose 20% compared to the same month last year. Of the total vehicles produced in […]
The European Commission estimates that progressive taxation levied on global income in Romania, with tax rates of 6%,12%, and 18%, would bring EUR 11.8 billion in revenues to the budget, according to an analysis consulted by Profit.ro....
Romania's largest lender, Banca Transilvania (BVB: TLV), announced it successfully raised RON 1.5 billion (EUR 300 million) with its first sustainable bonds issue in RON on the Bucharest Stock Exchange, which demonstrates the high interest of local investors, despite the uncertain economic context. The issue consisted of senior non-preferred bonds, having a maturity of […]
