Romania | News

Romania fully supports Ukrainian President Volodymyr Zelensky's Peace Formula and will support Ukraine and Ukrainians for as long as it takes.

German luxury sportswear brand Bogner, present in over 50 countries, is expanding to Romania by opening its first store in The Grand Avenue shopping gallery located on the ground floor of JW Marriott Bucharest Grand Hotel.

Romania’s future retirees, that is about 8.3 million people contributing to Pillar II mandatory pension funds are the biggest investors of Banca Transilvania (TLV.RO), data aggregated by ZF show.

The number of new insolvencies in Romania went up by 8.3% in the first half of 2024 against the same period of 2023, with 3,684 new procedures being opened, the latest Coface survey shows.

New car registrations in Romania rose by 8% in January-August 2024 against the same period of last year, to 106,534 units, while at EU level, new car registrations went up by 1.4% to 7,180,492, ACAROM and ACEA data showed on September 9.

SFC Energy, a provider of hydrogen and methanol fuel cells for hybrid power solutions, said it had reached an important milestone in its international expansion efforts with the opening of a new production facility in northwestern Romania. 

THAIco SPA center network, present in Romania for over 10 years, plans to invest around EUR3.5 million to open two new wellness centers this year, after having launched its first unit recently in Bucharest’s Pipera area.

The US Department of State has approved the possible sale of F-35 fighters and related equipment to Romania.

This week, the first group of Ukrainian pilots began their F-16 fighters jet training at the 86th air base in Romania.

Romania pledges continued support for Kazakhstan and Azerbaijan in their contributions to the EU’s energy security, Ana Cristina Tinca, State Secretary of the Ministry of Foreign Affairs of Romania, said in an exclusive interview with Trend. Kazakhstan and Azerbaijan as garants of EU energy security “With a trade volume of around $42 billion in 2023 and […]

A total 25,936 housing units were put into use in Romania in the first half of 2024, fewer by 6,141 units (-19%) than in the same period of 2023, data from the country’s statistics board INS showed on Wednesday (Sept 11).

Net investments in Romania’s economy totaled RON80.2 billion in the first half of 2024, up 5.6% year-over-year, with the bulk of the mount going to the construction sector, holding a share of 40.6% versus 45.5% in the same period of 2023, data from the country’s statistics board INS showed on Wednesday (Sept 11).

Türkiye-based Trendyol, which created a marketplace platform for fashion and other products that can be sold online, has grown to 500,000 customers and 3 million products sold in Romania in eight months since officially arriving on this market. The year-end target is to reach the one million customer mark.

Romania’s agricultural production was worth EUR16.6 billion in 2023, up 14% compared with 2022, with the country reporting the second highest increase in the value of agricultural production in the EU, after Portugal, and 6% of the value of the EU's agricultural production, as per European Commission data.

Polish investment firm bValue is looking to invest in Romania in the coming period, allocating EUR20 million budget for companies in this country.

Romanian Prime Minister Marcel Ciolacu said on Monday, regarding the Russian drones that entered the national airspace, that Romania had a real-time reaction and monitored the situation with F16 planes, noting that these drones have had no targets on the territory of our country.

The government of Romania has approved an Emergency Ordinance that will reorganise a number of public institutions and agencies focused on environment, water and forests, in order to establish a new National Agency for Environment and Protected Areas.

Local production of medicines covered 29% of drug sales in Romania in the first six months of 2024, an analysis by market research company Cegedim shows.

Romania's national grid company Transelectrica (stock symbol: TEL), Georgian State Electroysstems, AzerEnerji and MVM Electrical Works have signed the shareholders’ agreement of the project company Green Energy Corridor Power Company with the headquarters in Romania, Transelectrica announced in a stock market report.

Romania public sector registered a job boom in 2024, with almost 20,000 jobs put on the market since the start of the year.