Romania | News

Birth rate decline has become one of the most obvious problems Romania is currently coping with.

Currently, there is only a freight rail connection between Ukraine and Romania. However, from tomorrow, January 18, passenger trains No. .....

Dacia Mioveni and Ford Otosan Craiova, the two car plants in Romania, manufactured more than 509,000 vehicles in 2022, 21% more than in 2021 and 3.9% more than in 2019, as per data from the country's carmakers association ACAROM.

Investments in commercial real estate assets in Romania reached a record high in 2022, of over EUR1.2 billion, the highest level since 2007, a significant increase compared to the usual average volume of about EUR900 million that Romania has had from 2014 to date, according to a report by real estate consulting firm Colliers.

The net flow of foreign direct investment (FDI) stood at EUR10.2 billion in January-November 2022, Romania’s central bank said in its latest statement.

Romania ended 2022 with an annual inflation rate of 16.4% in December as compared to a record high of 16.8% in November, data from the country's statistics board INS showed on Friday (Jan 13, 2023).

Romanian-held real estate developer Alsin Management will invest over EUR40 million in developing First Estates Pipera, the first housing project in Romania set to offer free heating to all its residents.

Fortis Games, a new US game studio established by global industry heavyweights, which made several acquisitions in 2022, among which the Metagame startup in Bucharest, plans to expand in Romania and grow its team to about 100 people.

One of the positive pieces of news at the end of 2022, with a relevant contribution for Romania’s macroeconomic and financial stability in 2023, is that the country’s international reserves touched a new record high in December 2022, exceeding EUR52.3 billion (an annual increase of almost 14%), according to Leonardo Badea, deputy governor and member of the Executive Board of Romania’s central bank.

InterContinental has returned to Romania, this time on a different hotel in Bucharest, the Athénée Palace. It had left Romania in 2022, when the logo of the brand was removed from the hotel in Piata Universitatii, now named Grand Hotel Bucharest.

Romania has four high risks and seven moderate risks to its financial stability, the latest survey of its central bank among the main banks on the local market by assets shows.

Candy Cat Ro, a Dutch-held company run by Ukrainian-born Romanian citizen Oksana Roman, has developed in Romania over the past year a network of almost 20 candy stores, as per data on the company website and from the country's Trade Register.

Romania’s active population is 8.185 million people, respectively 42% of the total number of residents, consisting of 7.68 million employed people and 496,100 unemployed, in line with the first provisional data of the population census conducted in 2022 and released on Dec 30, 2022 by Romania’s statistical board INS.

After 2020 and 2021 were affected by the effects of the coronavirus pandemic, the year 2022 came with new challenges, such as a war on the borders of Romania, energy crisis, inflation, rise in interests and loan installments.

Romania’s Competition Council has approved a transaction whereby US company The Sherwin-Williams Company, a manufacturer of paints and coatings also present in Romania, is acquiring Italy’s Industria Chimica Adriatica active on the Romanian market through a wholesaler.

Romania’s finance ministry is launching new government bond issues for the general population only, on Tuesday (January 3, 2023), through the TEZAUR program.

The number of insolvencies globally is set to go up by around 2% in 2023 against 2019, reveals an analysis by Allianz Trade. In Romania, the number of insolvencies will be 20% higher than in 2019.

Rezolv Energy, a company owned by British investment fund Actis, has completed two new deals in the field of renewable energy in Romania, by taking over the majority stake in Low Carbon, which develops two onshore wind parks in Adamclisi and Deleni, Constanta county, and wind park Vis Viva of Buzau.

The year 2022 brought a record number of newly established companies in Romania, with almost 100,000 limited liability firms being set up during the period January-October, according to Trade Register data.

ROMGAZ and SOCAR TRADING signed the first individual contract for gas deliveries from Azerbaijan to Romania.