Romania’s Government Considers Salary Cuts, Layoffs in Budgetary Sector
Salary cuts or layoffs – these are the solutions considered by the Government. The Minister for European Investments and Projects, Marcel Bolos, presented the information...
Tag : Romanian economy
Romania’s Industry Undergoes Sharp Contraction
Despite the projected economic growth, Romania’s industry is sharply contracting. As revealed by BNE, Romania’s industry is the worst performer in the CEE region. According...
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...
Crisis in the UK Means Business in Bucharest: A Machester Story
Romania is a country which seems to cope very well with the current regional and global context. Despite the war at its borders and the...
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,...
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...
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...
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...
Romania is Ranked 39th among Most Attractive Markets for Green Infrastructure
Romania is 39th in the top 61 most attractive countries for green infrastructure investments, according to the ranking Index created by PwC recently in the Green...
Romanian Capitalism: 111-Year Shoe Factory Closes Its Doors
After 111 years of existence on the market, Clujana Company has stopped its business activity. The company was a factory established in 1911 in Cluj...
