Romania Feed

The local elections held in Romania in September 2020 highlighted a new electoral approach in Romania’s biggest cities: a large share of urbanites acknowledging the fact that their cities should be more competitive at both the local and European level. By Sorin Melenciuc   Many people currently living in Timisoara envy those living in Cluj, […]

The new form of the Fiscal Code, which entered into force on 1 January 2021, adapts Romania to the new reality by eliminating discrimination, making fiscal compliance easier and aligning Romanian legislation with international standards in the context of the globalized economy.   “The pandemic has highlighted weaknesses in each area, and the fiscal framework […]

Fears surrounding the COVID-19 pandemic have led to numerous government-mandated travel restrictions and non-essential business shutdowns. As a result, consumer spending underwent major channel shifts, with the digital channel turning into the default for many customers, giving way to what will likely be a permanent boost to e-commerce. By Aurel Constantin   Comparing the results […]

NN Group and the pension funds it manages have raised their holding in oil and gas company OMV Petrom (SNP.RO) to 5.03%, Petrom said in a stock market report Thursday.

Romania's fiance ministry on Thursday raised RON800 million lei (EUR164.2 million), versus a RON500 million target, selling bonds maturing in October 2030 at an average yield of 2.97%, central bank data showed.

Romania's fiance ministry on Thursday raised a planned 400 million lei (EUR82.1 million) selling one-year treasury bills at an average yield of 2.14%, central bank data showed.

UniCredit, Group, through the CEE Corporate Finance Advisory team, has advised Credit Agricole, the world’s ten largest bank by assets, on the sale of its Romanian operations to Vista Bank.

Andy Braddell is a British citizen with tremendous experience in travelling and travel writing. In his most recent adventure, a nine month tour of Eastern Europe, which he completed just as the pandemic context was taking hold of Europe, Andy visited Romania, Czech Republic, Slovakia, Hungary and Poland. As you can see from the enumeration, Romania is […]

Democrats Abroad, the official Democratic Party arm for the millions of Americans living outside the United States, issued a press statement regarding yesterday’s violent protests on Capitol Hill. Read the statement, in full, as well as a reaction from Radu Florescu, Committee Country Chair of Democrats Abroad Romania.   “This attempted disruption of Congressional certification of […]

Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei contracted before May 2019, has decreased for the third consecutive day, reaching 1.80% per year on Thursday (January 7).

Sergiu Oprescu, executive president of Alpha Bank Romania, was appointed president of the holding that manages the international network of banks of Alpha Bank Group in Greece.

eMAG, the leading online retailer in Romania, is launching an online lending service, jointly with lender Idea::Bank, in order to finance shopping.

Romania issued 3,152 housing construction permits for residential buildings in November 2020, 21.5% fewer than in October 2020 and 7.9% fewer than in November 2019, the statistics institute INS said Monday.

The fight for the top spot in grocery retail in Romania was tighter than ever in 2020, with discount store chain Lidl breathing down low-price hypermarket chain Kaufland’s neck, the leader of the market since 2012. Kaufland became market leader seven years after arriving in Romania.

Real estate developer Iulius Group of businessman Iulian Dascalu expects the pandemic to have a sizeable effect on last year’s revenue but says it will go ahead with its development plans.

The prices of old three-room apartments in Bucharest stagnated at EUR98,400 on average in December compared with November, after having gone up EUR100 the previous month, real estate consultant SVN Romania data show.

The European Commission seeks to discuss Romania's 2021 budget plan as the fiscal situation in Romania continued to deteriorate substantially in 2020, it said in a letter addressed to newly appointed finance minister Alexandru Nazare.

The COVID-19 crisis brought unprecedented changes to the economy, largely due to the strict social distancing measures adopted by governments to limit the spread of the virus. Investment flows across Romania are expected to decline, but there is still room for optimism: foreign direct investment (FDI) could represent a central driving force for post-pandemic economic […]

Despite the global pandemic, it’s getting easier for Romanian startups to scale up — there’s more money in early stage rounds and more companies are securing the investments they need to grow. Here are three tech firms that saw considerable growth in 2020 based on the financing rounds they raised in the last 12 months. […]

Investment fund Fondul Proprietatea (FP.RO) has reduced its stake in nuclear power producer Nuclearelectrica (SNN.RO) to 4.99%, below the 5% legal reporting threshold.