17 sep 2024

A delegation of the International Monetary Fund (IMF) is set to come to Romania this autumn, representatives of the institution told ZF without providing further details, though. more

6 sep 2024

BCR, the second largest bank in Romania, has revised its 2024 economic growth forecast for the country to 1.9% from 2.6%, as previously stated. The revision of the forecast is because of the mere 0.7% more

30 aug 2024

Romania’s National Defense Ministry this week launched the bill needed in order to buy fifth generation F-35 fighter jets as proposed by US’ Lockheed Martin. According to official information, more

29 iul 2024

Sixty foreign direct investments were carried out in Romania in 2023, with the figure placing Romania ahead of Greece and Bulgaria, reveals EY Attractiveness Survey Romania 2024 study. more

26 apr 2024

Government budget spending increased by 23% to RON168 billion in the first quarter of 2024, data on the execution of the general consolidated budget of Romania released by the Finance Ministry on more

19 feb 2024

Romania’s economic growth will reach 2% to 2.5% in 2024, most chartered financial analysts at the CFA Forecast Dinner organized by the CFA association agreed. more

11 ian 2024

KPMG, one of the world’s largest audit and consulting companies, sees Romania’s economy growing by 2.5% in 2024, while inflation should reach 6.9%. Its forecasts were included in the ‘Global more

2 nov 2023

Liberty Steel Group has appointed Radu Ionescu general manager of Liberty Galati, the largest integrated steel producer in Romania, while executive director Prasanta Mishra becomes managing director more

1 nov 2023

Neither the European Commission, nor the Competition Council have received any notifications from Ahold Delhaize or Profi regarding the takeover of the Profi store chain by the Dutch-Belgian Delhaize more

17 oct 2023

Romania’s government will revise the 2023 economic forecast downwards but stick with an over 2% growth, more optimistic than that of international institutions like the World Bank or the more

27 sep 2023

Romania’s economy will expand by only 1.8% in 2023, European Bank for Reconstruction and Development economists forecast. The projection was downwardly revised from an initial 2.5% one. more

21 sep 2023

Daniel Baluta, mayor of Bucharest’s District 4, together with Giurgiu County Council, have started procedures for the construction of an airport in Bucharest’s south. more

29 iun 2023

US company Lockheed Martin, which produces Black Hawk helicopters and F-16 and F-35 aircraft, together with Aerostar Bacau, will open an MRO center for Black Hawk in Romania, in Bacau. more

28 iun 2023

Cargus, a major courier services company on the Romanian market, has budgeted a 12% revenue increase for 2023. According to its CEO Yannis Mooijman, the company is also readying for expansion to more

15 mai 2023

The European Commission believes Romania’s economy will see higher growth than expected and raised its real GDP growth forecast from 2.5% to 3.2% for 2023. more

10 mai 2023

Liberty Galati, Romania’s biggest steel producer, has announced a RON40 million investment in duct and pipe production. more

13 mar 2023

Valentin Stefan, general manager of Posta Romana, Romania’s state-owned postal operator, the country’s biggest employer, wants to tap into the local courier services market. more

3 mar 2023

Israel's Elbit Systems will deliver $120 million worth of turrets, weapon stations and mortar systems to the Romanian Military, the company announced on Friday. more

30 ian 2023

Romania’s consolidated budget posted RON81 billion deficit in 2022, higher than the RON80 billion of 2021, Finance Ministry data show. more

12 ian 2023

Romania's economy will grow by only 0.5% in 2023, says Wood, the largest brokerage firm in Central and Eastern Europe, in an analysis. However, there may be pleasant surprises, Wood believes. more

27 dec 2022

The consolidated budget revenue growth slowed down in November, the budget execution report of the Finance Ministry shows. more

6 dec 2022

Tulcea-based bakery producer Lidas in early 2022 started an investment in a bakery plant in Tulcea, worth EUR46 million and announced it sought to hire 200 people. Its number of employees rose from more

28 nov 2022

VAT revenue, the second most important resource of the state budget and a barometer for consumer spending increased by 3% in October 2022 compared with October 2021, according to the budget execution more

28 nov 2022

Cluj-Napoca-based software producer Fortech, recently acquired by Japan’s Hitachi, increased its turnover by 60% in 2021 from 2019, ahead of the pandemic. more

24 nov 2022

Celco, a Constanta-based building materials producer, has boosted turnover by around 60% in the past three years, after, in 2019 and 2020, the construction field posted two-digit growth each year. more