Romgaz Pays $1 Billion to Buy EXXON Shares in Neptun Deep Project in the Black Sea
Romgaz, the state-owned business, will take over the American portion of the Neptun Deep project from Exxon. This was announced in November last year by...
Tag : Romanian economy
Romania’s Minister of Labor on May 1st: We Witness Destruction of Jobs, Businesses, Lives
There is a crisis in the labor market, and this is what the Romanian Minister of Labor, Constantin Budai, admits in his message issued on...
Romania’s Economy: Number of Dissolved Companies Increased by 25% in Q1 2022
The number of dissolved enterprises grew by about 25% in the first months of 2022. This is terrible news for Romania’s economy. According to data...
IMF: Unemployment in Romania to Rise to 5.6% in 2022
The International Monetary Fund (IMF), which reduced its October forecast of 4.8% growth, said Romania’s gross domestic product would increase by only 2.2% in 2022....
Romania’s Neverending Quest for Highways
Romania is the eighth-largest country in the European Union, yet its 931-kilometer highway network is one of the smallest, meaning a percentage of 5,3 of...
Opinion Poll: 77% of Romanians Expect an Economic Downturn this Year
77% of Romanians expect an economic downturn in 2022 because of the rising prices that have affected Romania lately. Romanians do not believe their current...
S&P Affirms Romania’s Sovereign Debt to BBB-, Stable Outlook
Standard & Poor’s Global Ratings affirmed on Friday, April 15, the sovereign rating of Romania’s government debt to BBB- / A-3 for long-term and short-term...
Double-Digit Inflation in Romania, earlier than Expected
Inflation has reached two digits in Romania: 10%. Romanians pay more for food, fuel, gas, electricity, and consumer goods. The prices have skyrocketed earlier than...
World Bank Forecast: Romania’s Economy to Increase by only 1.9% in 2022
The World Bank has revised Romania’s economic growth initial forecast for 2022 from + 4.3% to + 1.95%. Due to the conflict in Ukraine, Russian...
Fitch Affirms Romania at ‘BBB-‘, Outlook Remains Negative
Bad news for Romania’s economy. According to Fitch Ratings, Romania remains at BBB- amid regional tensions and galloping inflation, with a negative outlook. In its...
