Romania’s Foreign Debt Exceeds EUR 150 Billion
For the first time in its history, Romania’s foreign debt exceeds EUR 150 Billion. This is over half of the country’s GDP and almost three...
Category : Economy
European Commission Estimates 2.5 pc Annual Growth for Romania in 2023
European Commission published the winter economic forecast for 2023, with positive news for Romania and other European countries, except for Germany. According to the forecast,...
Inflation Skyrockets in Romania: National Bank Hikes Key Interest Rate to 7pc
Inflation is uncontrollable in Romania, despite significant efforts of the National Bank. In its meeting of 10 January 2023, the Board of the National Bank...
Romania’s Trade Deficit Reaches EUR 31 Billion
Romania’s trade deficit, one of the most important economic indicators for the strength of any country’s economy, skyrocketed in 2022. The trade deficit in the...
Hungarian Press: Salaries in Romania Are Higher than in Hungary
According to Daily News Hungary, the Hungarian people are paid less minimum wages than in Romania. The statistical data on the minimum wages in the...
South Korea to Support Romania Expand Investments in Nuclear and Hydro Energy
The Romanian delegation arrived on Wednesday, December 21, in South Korea, where it met the South Korean PM, Han-Duck soo. The delegation is led by...
Azerbaidjan – Romania Green Energy Transport Agreement Signed in Bucharest
On Saturday, December 17, the Agreement between the Republic of Azerbaijan, Georgia, Romania, and Hungary regarding the Strategic Partnership in green energy development and transportin...
Romania Boycotts Austria following Schengen Vote – Which Companies Are Targeted?
Romania starts boycotting Austria following Thursday’s vote on Schengen admission. As anticipated, Austria was the only country which opposed Romania, and the Eastern country was...
Romanian Companies Invest More in Solar Energy
The International Energy Agency predicts that in the first half of 2025, solar power generation will surpass coal power, and China will continue to dominate...
Romanian Government Publishes Draft Budget for 2023
The Romanian Government kept its promise and published the draft state budget for 2023 on Tuesday, December 6. This is to ensure the budget for...
