Romania targets 2.4% of GDP fiscal consolidation in 2026, to 6% of GDP public deficit

Romania’s government estimates its public deficit to reach 8.4% of GDP under ESA methodology this year marking a 0.9 percentage points (pp) consolidation from 9.3% of GDP in 2024, and targets stronger, 2.4pp consolidation to a 6%-of-GDP deficit in...

Romania's telco Digi ups refinancing bond issue to EUR 600 mln

Romania's telecom operator Digi Communications (BVB: DIGI) announced on October 23 in a note to investors that it has increased the bond issue initially announced at EUR 500 million to EUR 600 million, setting an interest rate of 4.625% per year...

Romania, Moldova go ahead with construction of new bridge over Prut river

The government of Romania approved the signing of an agreement and the establishment of a joint commission with the Republic of Moldova to coordinate all activities related to the construction of the new road bridge over the Prut river, in the...

Romania’s construction activity returns to normal after July spike

The construction works volume contracted by 2.1% y/y in August after the unusually strong 40% y/y surge in July that could be attributed rather to accounting or other bureaucratic developments caused by the budgetary measures implemented by the...

Economy minister: Objectives Romanian Army wants to acquire through SAFE to be revealed on Nov 29

Friday, October 24, 2025 The objectives that the Romanian Army wants to acquire through SAFE and the potential companies with which contracts could be concluded will be announced on November 29, Minister of Economy, Digitalization,...

Reabold investee Danube facing dispute with Romanian authorities

The AIM-taded gas investor, which holds a 50.8% stake in Danube, said ADX Energy, through its subsidiary ADX Energy Panonia, operates the licence and holds the remaining 49.2% interest. It explained that ADX had been unable to complete the work...

Priority on Ukraine: Israeli Elbit Systems Halts Modernization of Romanian IAR-99 Aircraft

The Israeli defense company Elbit Systems has redirected its resources to deals with companies holding contracts to assist Ukraine, which will delay the modernization of Romania’s IAR-99 aircraft. The aircraft manufacturer Avioane Craiova has...

Few Romanians plan to increase spending this Black Friday compared to 2024, survey shows

Romanians are not looking forward to Black Friday with more enthusiasm than last year, according to a recent survey. The main reasons are economic instability and the decline in purchasing power. Around 22% of Romanians say they will not buy...

French retailer Carrefour reportedly considering selling assets in Romania

French retail chain Carrefour may want to sell its stores in Romania and exit the market, according to the French publication L’Informe. Moreover, it would also like to get rid of its operations in Poland and Argentina, according to the same...

Europe’s Property Finance Market Enters a New Phase of Stability

The European real estate debt market is showing clear signs of recovery, supported by stabilized interest rates, competitive lending, and renewed investor confidence. According to AEW’s latest research, the credit financing gap across Europe is...

European Commission allows Romania to replace VAT gap milestone under PNRR

The Ministry of Finance confirmed in a press release that Romania has obtained the agreement of the European Commission to replace the milestone in the PNRR regarding the reduction of the VAT gap and has avoided a loss of up to EUR 1 billion in...

FLYONE Airlines announces seven new routes from Bucharest for summer 2026

Moldovan low-cost carrier FLYONE Airlines said it will expand its operations in Romania with the launch of seven new direct routes from Bucharest’s Henri Coandă International Airport starting in the summer 2026 season. Thus, the company said,...

Powering a sustainable future in today’s digital economy

Over the past half-century, our planet has undergone extraordinary change. Industrialisation and technological advancements have reshaped society, and emerging technologies like AI and hyperscale data centres pose new challenges, such as...

City Index 2025: Cluj-Napoca, Bucharest and Sibiu top Romania's urban performance ranking

Friday, October 24, 2025 Cluj-Napoca is the best-performing city in Romania, followed by Bucharest and Sibiu, while medium-sized cities (with 60,000 to 200,000 inhabitants) are showing the most visible progress, particularly in the areas of...

Romania obtains European Commission approval to replace PNRR milestone on reducing the VAT gap

Friday, October 24, 2025 Romania has obtained the European Commission's approval to replace the National Recovery and Resilience Plan (PNRR) milestone on reducing the VAT gap, thereby avoiding a potential loss of up to one billion euros in grants...

President Dan: Each of the sanctions packages has affected Russia economically

Friday, October 24, 2025 Each of the sanctions packages has affected Russia economically, Romania's President Nicusor Dan said on Thursday before attending a European Council summit. He said that the passage of the 19th package of sanctions "is a...

Each of the sanctions packages has affected Russia economically

Friday, October 24, 2025 Each of the sanctions packages has affected Russia economically, Romania's President Nicusor Dan said on Thursday before attending a European Council summit.He said that the passage of the 19th package of sanctions "is a...

Objectives Romanian Army wants to acquire through SAFE to be revealed on Nov 29

Friday, October 24, 2025 The objectives that the Romanian Army wants to acquire through SAFE and the potential companies with which contracts could be concluded will be announced on November 29, Minister of Economy, Digitalization,...

Redback, infantry fighting vehicle offered by South-Koreans to Romania

Friday, October 24, 2025 Redback fighting vehicle is suggested by Hanwha Aerospace for the modernization of the Romanian army, with which the South-Korean company hopes to obtain a contract with the Romanian state. During a visit paid by...

Black market for cigarettes in Romania falls below 10% in September

Friday, October 24, 2025 The black market for cigarettes in Romania decreased in September to 9.6% of total consumption, compared to 11.9% in July, data published on Thursday show.According to the Novel research, in the first month of autumn this...