Romania to Reopen Abandoned Mines
The Romanian Ministry of Economy announced a plan to reopen Romania’s abandoned mines. Romania could resume the exploitation of resources considered critical. In the context...
Tag : Romanian economy
Annual Inflation on the Rise in Romania
Romania’s annual Inflation in February 2022 rose to 8.53%, according to the National Institute of Statistics on Inflation and the evolution of consumer prices in...
Social Media Viral Fuels Frenzy and Garbage Cans at Gas Stations in Romania
Social Media post goes viral, and Romanians get hysteric over the sudden increase in fuel prices. The action was taken by a single gas station...
Opinion Poll: 1 in 3 Romanian Companies to Fire Employees following Huge Energy Bills
One-third of Romanian entrepreneurs will fire staff due to excessive energy costs. According to Romanian National Council for Small and Medium Private Enterprises (CNIPMMR), the...
Romania’s External Debt Exceeds EUR 134 Billion
Romania’s external debt skyrocketed in 2021: EUR 7.44 billion were added to the country’s debt, which now reaches EUR 134.2 billion. On December 31 of...
Romanian Arms Industry Employees Protest: We Want Decent Wages!
In the context of the cold conflict between Ukraine and Russia, hundreds of Romanian workers at the Cugir Mechanical Plant, Western Romania, stopped working and...
Romania Destroys 1 Million Expired Vaccine Doses Worth around EUR 3 M
Romania has to destroy almost a million vaccine doses of AstraZeneca after they reach their expiration date. The country tried to sell and donate the...
National Bank of Romania Increases Monetary Policy Rate to 2.5%
In the meeting held on February 9, 2022, based on the currently available data and assessments and in light of the elevated uncertainty, the NBR...
Romania Borrows Record-Breaking Amounts to Pay Debts
The Romanian Government borrowed EUR 7.7 billion from the foreign market in January. This is a new monthly record. Compared to the loans from 2020,...
Romanians’ Real Estate Wealth Reaches Record Level
Romanians’ real estate wealth reaches a record EUR 400 billion, the highest level of the last decade. Meanwhile, Romania has the highest rate of real...
