Fitch Ratings: Romania Election Does Not Allay Medium-Term Fiscal Uncertainty

12.11.2020

Romania’s general election result points to continued political uncertainty and hence a still-challenging policy-making environment and the need to pass a 2021 budget will be a near-term test of the next administration’s cohesion and an indication of likely fiscal policy settings, Fitch Ratings said

European Commission Approves Romania’s EUR400M Aid Scheme For Drought-hit Farmers
10.24.2024

The European Commission has approved a EUR400 million Romanian state aid scheme to compensate farmers affected by severe drought, the Commission... more
Deloitte: 83% Of Gen Z Respondents Aged 23-27 Have Plans For The Future
10.11.2024

An impressive share of 83% of the Gen Z respondents (aged 23-27) have plans for their future, and 38% of them think at least three years ahead,... more
Genesis Property: 8 in 10 Employees Believe They Would Adapt to Daily Work in the Office Should Employers Decide This
10.10.2024

Employees are starting to gradually adapt to the pre-pandemic work patterns, so that over 82% of them believe they would not have any problem... more
Romania Pillar II Pension Funds Reach Record High EUR30B Assets
10.07.2024

The seven Pillar II private pension funds in Romania, in which 8.2 million Romanian employees contribute with part of their monthly gross income... more
Romania’s Agricultural Production Hit EUR16.6B In 2023, Up 14% YoY
09.10.2024

Romania’s agricultural production was worth EUR16.6 billion in 2023, up 14% compared with 2022, with the country reporting the second highest... more
20,000 Public Sector Jobs Put on the Market in Romania in 2024
09.04.2024

Romania public sector registered a job boom in 2024, with almost 20,000 jobs put on the market since the start of the year. more
Deloitte: Back-to-school Spending Likely To Remain Unchanged In 2024
08.22.2024

Back-to-school spending is likely to remain unchanged this year, as 73 percent of parents are concerned about rising prices for everyday purchases,... more

Retele Electrice Companies Attract New, RON191M, European Funding for Investments in Distribution Infrastructure

The Ministry of Energy and the companies Reţele Electrice Muntenia, Reţele Electrice Banat and Reţele Electrice Dobrogea (part of

CITR: Over 3,600 Companies In Romania Went Insolvent In H1/2024, Nearly 6% More YoY

More than 3,600 companies went insolvent in the first half of 2024, which translates into a 5.8% increase compared to the first six

Energy Ministry Signs Over RON138M Worth Of Financing Contracts For Industrial Sector Investments

Romania's energy ministry has signed 27 financing contracts worth a total RON138.2 million which target investments in the local

Crosspoint: Short-Term Rentals In Bucharest Generate Annual Revenues Of Over EUR40M

Bucharest’s short-term rental market had a booming post-pandemic evolution considering that in 2023 alone, the industry generated

Cushman & Wakefield Echinox: Real Estate Deal Volume in Romania Surges 131% in H1/2024, Region’s Biggest Increase

The volume of real estate deals in Romania posted an 131% advance in the first half of this year, to EUR418 million, marking the

Assets Of Romanian Open-End Equity Funds Grow By RON1.7B In H1/2024 vs RON1.2B For Bond Funds

The assets of open-end equity funds in Romania, which have three times fewer investors than bond and fixed income funds, increased by

OPPO Romania: Local Smartphone Sales to Stall at 3.5-3.6 Million Units

Romania smartphone market is expected to be flat at around 3.5-3.6 million units this year as in recent years there’s been a downward

World Bank Says Fiscal Deficits Will Remain Elevated In Romania

Fiscal deficits will remain elevated in Romania in the medium term: 4.7% of GDP (cash basis) in 2024, compared to the 2.9% target set

Analysis

Survey: Romania Could Increase Its GDP By 10% Until 2050 By Boosting Savings

Romania could increase its gross domestic product (GDP) by 10% until 2050, generating an additional contribution of EUR575 billion by boosting savings and redirecting them towards lucrative investments, according to a survey conducted by McKinsey&Company in spring 2022.