Romania on the Edge: Austerity Measures Threaten Economic Stability
Romania’s new government, led by Prime Minister Marcel Ciolacu, is set to implement a comprehensive fiscal austerity package to address the country’s burgeoning budget deficit...
Category : Economy
The Controversial Takeover of E.ON Romania by Hungary’s MVM
The recent agreement between Hungary’s state-owned energy company MVM and Germany’s E.ON to acquire the latter’s Romanian energy supply operations has ignited a controversy in...
Romania’s Economic Outlook Turns Negative: Fitch Ratings Raises Alarm
On December 17, 2024, Fitch Ratings affirmed Romania’s long-term foreign currency rating at BBB- but revised its outlook to negative. This change reflects concerns regarding Romania’s weak export...
Romania Introduces European Minimum Wage Standard, Effective January 2025
On November 13, 2024, President Klaus Iohannis officially signed into law the implementation of the European minimum wage directive in Romania. This legislation will introduce...
Romania: National Bank Keeps Monetary Policy Rate at 6.50 pc
In its meeting on 8 November 2024, the Board of the National Bank of Romania decided the following: to keep the monetary policy rate at...
Romania’s Entrepreneurial Boom: Insights from the 2024 Entrepreneur Profile Study
The entrepreneurial landscape in Romania has undergone a remarkable transformation over the past 15 years, as evidenced by the findings from the “Entrepreneur Profile 2024”...
Romania Is the Largest Natural Gas Producer in the EU
In the second quarter of 2024, Romania emerged as the largest natural gas producer in the European Union for the first time, producing 2.3 billion cubic...
Employment Trends in Romania
The current employment landscape in Romania reflects a complex interplay of growth and contraction, mirroring global trends. Recent reports indicate that while some sectors actively...
Romanian Official: Greenpeace Blocks Romania’s Energy Independence
Romania is at a pivotal moment in its quest for energy independence, with the Neptun Deep gas project emerging as a cornerstone of this strategy....
Romania To Ban Imports of Eggs, Poultry Meat from Ukraine
Romania’s Ministry of Agriculture and Rural Development announces that it is ready to limit imports of eggs and poultry meat from Ukraine. Other EU states...
