Romania: What’s Hidden Behind the Biggest Economic Growth in Q1 in EU
The European Union’s economy grew by 0.4% in the first quarter of this year compared to the end of 2021. The increase is 5.2% compared...
Tag : Romanian economy
Will Romania Introduce Higher or New Taxes in 2022?
Despite the assurances of the Romanian officials, it seems that Romania is moving faster towards higher or even new taxes. According to Adrian Vasilescu, the...
Inflation Rising in Romania: Prices up to 3,7% in April
According to the National Institute of Statistics, the inflation rate in April 2022 was 13.8%. Consumer prices grew by 3.7% in April 2022 compared to...
Romania’s National Bank Increases Monetary Policy Rate to 3.75pc following Double-Digit Inflation
In the meeting held on May 10, 2022, based on the currently available data and assessments, as well as in light of the extremely elevated...
Europe Day: Romania’s Place in European Union
Europe Day commemorates “peace and unity in Europe,” celebrated by the Council of Europe on May 5 and the European Union on May 9. On...
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...
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...
