US Raytheon, a leading defence company in the world and a contributor to the ballistic missile defence shield in Romania, is aiming to develop long-term business opportunities in Romania that will go beyond the missile defence shield, President of Raytheon International Inc. Thomas Vecchiolla told Romania’s Economy Minister Mihai Tudose at a meeting in Bucharest […]
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 […]
The town of Pecica, in Arad County, western Romania, is set to build a lake and a modern year-round functioning thermal pool in a bid to attract Romanian tourists that have so far gone to Hungary for similar facilities. The town initially planned to use thermal water for the heating system of 13 public buildings. […]
APADOR-CH, one of Romania’s oldest human rights organizations, has called on President Nicușor Dan to clarify how the state intends to combat disinformation without infringing on freedom of expression. In an open letter published on June 14, the organization raised concerns about the president’s recent statement that he would bring the issue of online disinformation […]
Romania’s state-owned passenger railway operator CFR Călători has warned that insufficient public service compensation for 2025, combined with declining revenues, may lead to significant disruptions in rail transport, the company said in a statement issued on June 13. The carrier stated that funding for the upcoming year is expected to fall below 2024 levels, creating […]
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. […]
Romania’s nominal GDP has reached EUR 354 billion in 2024 and EUR 358 billion in the four quarters to March 2025, nearly tripling from EUR 125 billion in 2009. While often cited as evidence of rapid economic expansion, this 182% increase over 15 years significantly overstates the country’s real economic progress, according to our calculations. […]
