GoCab Software (CAB.RO), the operator of the GoCab taxi ordering service platform GoCab, has decided to start insolvency proceedings for judicial reorganization due to financial difficulties and the inability to meet its current obligations with available resources, it said in a report to the Bucharest Stock Exchange.
Romania and Poland are facing the highest fiscal deficits in the region in 2025, 7% to 8% of GDP, which are estimated to go down in 2026, when Poland’s deficit could be higher than Romania’s, Austria’s Erste group says in a report.
Romanian state-run natural gas producer and supplier Romgaz (stock symbol: SNG) on Sept 15 made a term deposit in the amount of RON300 million with the Exim Banca Romaneasca (the former EximBank), the company has announced in a report to the Bucharest Stock Exchange on Sept 15, 2025.
Romania's Finance Ministry raised RON1.07 billion from banks on Monday (Sept 15), selling government paper in two auctions, at an annual average yield of 7.5%.
Life insurance company Metropolitan Life, with some 4 million customers in Romania, reported a 20% increase in gross written premiums in the first half of 2025, up to RON453 million.
Romania's energy output decreased by an annual 4% to 9.544 million tons of oil equivalent (TOE) in January-July 2025 mainly due to a decline in hydro and wind power generation, the statistical office said on Monday (Sept 15), citing provisional data.
Moody's Ratings said it has affirmed Romania's long-term issuer and senior unsecured ratings at 'Baa3' with a 'negative' outlook, as the country avoided a downgrade to junk status thanks to recent fiscal consolidation measures.