Romania and Bulgaria resume negotiations for the construction of a new hydroelectric plant on the Danube

By RBJ Romania and Bulgaria will resume negotiations to build the hydropower plant from Turnu Măgurele - Nicopol, announced the Minister of Energy, Virgil Popescu. "The...

The Italians from ENEL are leaving Romania as part of a global business restructuring program

By RBJ The Italian group Enel, present in Romania in the electricity distribution, supply and production segment, intends to exit the Romanian market in 2023....

The level of confidence of Romanian managers is affected by the constraints of the war in Ukraine and the energy crisis (Impetum study)

By RBJ The confidence level of Romanian managers decreased in the second part of this year, near the level of the end of 2020, at...

OVES Enterprise expands its international presence and opens its first US office in Silicon Valley

By RBJ OVES Enterprise, a software development company from Cluj-Napoca, expands its international presence and opens, in Silicon Valley, in Palo Alto, the first office...

Tech & Innovation

Romanian startup Medicai, a Microsoft partner, targets the markets in Western Europe and the USA

By Edwig Ban Medicai, the Romanian start-up that develops and operates its own online platform for medical imaging, announces the...

The Italians from ENEL are leaving Romania as part of a global business restructuring program

By RBJ The Italian group Enel, present in Romania in the electricity distribution, supply and production segment, intends to exit the Romanian market in 2023....

The level of confidence of Romanian managers is affected by the constraints of the war in Ukraine and the energy crisis (Impetum study)

By RBJ The confidence level of Romanian managers decreased in the second part of this year, near the level of the end of 2020, at...

OVES Enterprise expands its international presence and opens its first US office in Silicon Valley

By RBJ OVES Enterprise, a software development company from Cluj-Napoca, expands its international presence and opens, in Silicon Valley, in Palo Alto, the first office...

In difficulty and restructuring after the loss of business in Russia, the OMV Group is delaying investments in Romania

By RBJ The Austrian group OMV became a major regional player in the field of hydrocarbons starting in 2004, after buying the Romanian company PETROM....

Romania, in 6th place in the EU for passenger car production, in 9 months 2022, ahead of Italy and Hungary

By RBJ Romania ranks sixth in car production in the European Union, with an average of over 40,000 vehicles per month. Our country produces more...

Fondul Proprietatea lists on the Bucharest Stock Exchange its participation in Hidroelectrica, estimated at over 12 billion lei (approx. $2.5 billion)

By RBJ Fondul Proprietatea shareholders voted for the listing of Hidroelectrica on the Bucharest Stock Exchange, Johan Meyer, the general manager of Franklin Templeton Bucharest,...

Meta Boost program for SMEs in Romania

By RBJ A new platform that will allow small and medium enterprises (SMEs) to learn, stay connected and progress has been launched in Romania by...

Nuclearelectrica and the Italian group Beltrame signed an MoU for collaboration in the development of SMR in Romania

By RBJ Nuclearelectrica and the Italian group Beltrame signed an MoU for collaboration on the development of SMR in Romania, according to a company press...

Issue of the day

In difficulty and restructuring after the loss of business in Russia, the OMV Group is delaying investments in Romania

By RBJ The Austrian group OMV became a major regional player in the field of hydrocarbons starting in 2004, after buying the Romanian company PETROM....

Romania, in 6th place in the EU for passenger car production, in 9 months 2022, ahead of Italy and Hungary

By RBJ Romania ranks sixth in car production in the European Union, with an average of over 40,000 vehicles per month. Our country produces more...

Fondul Proprietatea lists on the Bucharest Stock Exchange its participation in Hidroelectrica, estimated at over 12 billion lei (approx. $2.5 billion)

By RBJ Fondul Proprietatea shareholders voted for the listing of Hidroelectrica on the Bucharest Stock Exchange, Johan Meyer, the general manager of Franklin Templeton Bucharest,...

Meta Boost program for SMEs in Romania

By RBJ A new platform that will allow small and medium enterprises (SMEs) to learn, stay connected and progress has been launched in Romania by...

Nuclearelectrica and the Italian group Beltrame signed an MoU for collaboration in the development of SMR in Romania

By RBJ Nuclearelectrica and the Italian group Beltrame signed an MoU for collaboration on the development of SMR in Romania, according to a company press...

A quarter of the EU states have entered the antechamber of technical recession. In Q3 2022, Romania registers a GDP growth of 4.7%, after...

By RBJ Eurostat's flash data for the 3rd quarter show that most EU states are registering a strong slowdown in economic growth. Seasonally adjusted GDP increased...

German food retail chains, a real source of infection for the health of Romanians. Kaufland and Lidl are leaders in crimes on the Romanian...

By Constantin Radut The two German brands, present on the Romanian market for about two decades, do not miss any inspection by the Consumer Protection...

EC estimates an increase in Romania’s GDP of 5.8% in 2022, 1.8% in 2023 and 2.2% in 2024

By RBJ The European Commission has improved the estimates regarding the growth of the Romanian economy this year, from 3.9% as it anticipated in July...

Inflation engines are slowing down, the annual rate dropped to 15.3% in October, compared to 15.8% in September

By RBJ The annual rate of inflation dropped to 15.32% in October this year, from 15.88% in September, as the prices of food goods increased...

Continental is expanding its production of electronic components in Romania, with an investment of 40 million euros

By RBJ Continental has completed the construction of the third expansion of the electronic components factory in Timisoara, with an investment of approximately 40 million...

The Romanian company Prime Batteries Technology strengthens its presence on the battery market for electric mobility with the support of the EIT InnoEnergy investment...

By RBJ Prime Batteries Technology, a Romanian company founded in 2016, specialized in the design and production of lithium-ion batteries, announced that EIT InnoEnergy is...



Markets

The National Bank of Romania keeps the monetary policy rate at 1.5% per year

By rbj In its meeting of 12 November 2020, the Board of the National Bank of Romania decided the following:>>>...

Standard & Poor’s confirmed Romania’s rating at “BBB- / A-3” and maintained negative outlook

By Jerom Bolt Standard & Poor's (S&P) on Friday confirmed Romania's rating at "BBB- / A-3" for long-term and short-term...

Founded in 1882, the Bucharest Stock Exchange celebrates 25 years since reopening

By Edwig Ban Bucharest Stock Exchange (BVB), the fundamental institution of the capital market, today celebrates 25 years since its...

23% of the Alro Group, the largest aluminum producer in Europe, is owned by a Romanian company

By Emea Riga Paval Holding, the investment vehicle of brothers Dragoş and Adrian Pavăl, owners of the retailer Dedeman, owns...

Economy

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Holmbergs Safety Systems will establish its production hub in Romania

By Emea Riga The Swedish group Holmbergs Safety Systems, one of the most important names in the field, with factories in Europe, Hong Kong, USA...

LIBERTY GALATI AIMS TO INCREASE THE NUMBER OF EMPLOYEES TO OVER 7000 THIS YEAR

By Jerom BoltLiberty Galati has already employed 532 new employees this year, with at least 100 more roles still to be filledAround 100 of...

Ecological cars are gaining market share; in 2021 enrollments were twice as high as in 2020

By rbj The registrations of ecological cars (100% electric and plug-in hybrids), as well as full hybrid, doubled in Romania, during 2021, and the market...

Timmermans, the old EC bureaucrat, “changes” the structure of the Green New Deal. Romania, prey to ignorant and obedient politicians, pledged to eliminate coal...

By rbj Russia's invasion of Ukraine and the energy war between the Russian Federation and the European Union bring changes in tactics and strategy in...

Business

Rompetrol Rafinare runs out an extensive modernization program of the two refineries; $40 million investments

By RBJ This year, Rompetrol Rafinare initiated an extensive program of maintenance, rehabilitation and modernization of the storage capacities for the products obtained in the...

Romanian food retail exceeds 22bn euro in 2018

By Andra Beltz The turnover of the Romanian food trade will exceed this year the record level of 100 billion lei (over 22bn euro), according...

CBRE: The volume of real estate transactions in Romania exceeded one billion euros in 2019

By Emea Riga The volume of real estate investments in Romania exceeded one billion euros in 2019, being 7% higher than the level recorded in...

Cushman & Wakefield Echinox: demand for logistics and industrial spaces at maximum levels in Romania

By RBJ The demand for logistics and industrial spaces is close to registering a new record in 2022, a matter which is reflected in the...

Huawei Romania is outraged by the US ambassador’s politruk views in Bucharest

By Constantin Radut Huawei Romania expressed its indignation at the politruk opinions of the US ambassador to Bucharest, Adrian Zuckerman, reports the entire press in...

Grampet Group – European leader in the rail freight operations industry

By Edwig Ban Grampet Group – Grup Feroviar Roman was named Regional Champion of the Year at the Emerging Europe Awards at the end of...

Bilateral

Japan is celebrating on 23 December its National Day

By rbj The Emperor’s Birthday is a national holiday in Japan and is celebrated on the day of birth of the current emperor. Currently it’s celebrated on December 23, the birthday of Emperor Akihito, who was born in 1933. 'The relationship...

Romania’s government debt is close to 49% of GDP

By RBJ Public administration debt (government debt) rose slightly in July of this year, to 48.8% of the Gross Domestic Product, from 48.3% of GDP...

Norofert, the leading Romanian producer of organic fertilizers

By Andra Beltz Norofert Group is the leading Romanian producer of organic agricultural products, currently having 3 companies within the Group – Norofert Eco, Norofert...

Romgaz SA and ExxonMobil extend until November 15 the exclusivity period regarding the negotiations related to Neptun Deep

By Edwig Ban Romgaz SA and ExxonMobil have announced that they are extending the exclusivity period from October 15, 2021, until November 15, 2021 regarding...

Joint venture between the Romanian company Restart Energy and the Americans from Interlink Capital Strategies for green energy investments

By Edwig Ban Restart Energy, one of the largest independent suppliers of electricity and natural gas in Romania, announced on Monday that it has become...
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Cryptocurrency trading platform Binance opens an office in Romania

By RBJ The cryptocurrency trading platform Binance is opening an office in Romania, and from October it will also have the Romanian language version of...

The first train organized by GRAMPET Group on Middle Corridor, along the China – Romania – Hungary route, left Constanța Port for Budapest today

By rbj GRAMPET Group, the largest private railway group and logistics operator in Romania and Central and South-Eastern Europe, announced the first train organized on...

Alarming: The number of Romanian builders left abroad is 700,000 and those from the domestic market 350,000

By Constantin Radut The Employers' Federation of Building Companies (FPSC) from Romania is one of the professional organizations most involved in the present and future...

Romania: The Corvette War (4). Surprise: French Naval Group has to win in front of the Military Prosecutor’s Office

>>>We invite Michel Cabirol from La Tribune to comment on corruption ... By Constantin Radut As promised by the National Defense Minister, Gabriel Les, the decision...

Renault to launch the first Dacia electric vehicle in Bucharest

By Emea Riga The Renault Group is introducing a new product to the European market, with the launch of the first Dacia electric vehicle. The...

German Zeitfracht / Berlin group joins Romanian Blue Air

By Andra Beltz According to a release, Berlin-based logistics company Zeitfracht can join Romanian airline Blue Air. The Federal Cartel Office approved the purchase of...

Issue of the day

Standard & Poor’s Global Ratings revised Hungary’s economic outlook from stable to negative

By rbj With all the praise that the press from the country and from "friendly" countries brings to the economic policy of the Viktor Orban...

Europe with two speeds

By C. Radut Tuesday, at sunset, in Brussels, leaders from the 28 states of the European Union reached an agreement on portfolios designation for the...

The refrigerator that helps you become healthier was presented at IFA Berlin 2022 event by Allview

By rbj Visual Fan SA, a company listed on the Bucharest Stock Exchange under ALW symbol and owner of the Allview brand, presented a major...

EU reconfiguration: The Roma-Warsaw axis is born out of euroscepticism

By Constantin Radut Matteo Salvini's visit to Warsaw brings a cold shower to Europe. The Deputy Prime Minister of the Italian Government and the Interior...

Economy

COMVEX and TTS Group: premiere operation for the port of Constanta

By RBJ TTS (Transport Trade Services) and COMVEX are currently running a premiere port operation for the port of Constanta. Characterized by reducing the time...

Ford Romania invests another $ 30 million in its factory in Craiova; the Mustang Mach-E electric SUV will be launched on the European market...

By Jerom Bolt The management of Ford Romania announced the start of an additional investment of 30 million dollars at its factory in Craiova. The...

Renault to launch the first Dacia electric vehicle in Bucharest

By Emea Riga The Renault Group is introducing a new product to the European market, with the launch of the first Dacia electric vehicle. The...

OVES Enterprise expands its international presence and opens its first US office in Silicon Valley

By RBJ OVES Enterprise, a software development company from Cluj-Napoca, expands its international presence and opens, in Silicon Valley, in Palo Alto, the first office...

In difficulty and restructuring after the loss of business in Russia, the OMV Group is delaying investments in Romania

By RBJ The Austrian group OMV became a major regional player in the field of hydrocarbons starting in 2004, after buying the Romanian company PETROM....

Romania, in 6th place in the EU for passenger car production, in 9 months 2022, ahead of Italy and Hungary

By RBJ Romania ranks sixth in car production in the European Union, with an average of over 40,000 vehicles per month. Our country produces more...

Fondul Proprietatea lists on the Bucharest Stock Exchange its participation in Hidroelectrica, estimated at over 12 billion lei (approx. $2.5 billion)

By RBJ Fondul Proprietatea shareholders voted for the listing of Hidroelectrica on the Bucharest Stock Exchange, Johan Meyer, the general manager of Franklin Templeton Bucharest,...

Markets

Inflation reached 13.8% in April. Monetary policies must be accompanied by diverse and effective economic policies

By Andra Beltz The annual inflation rate rose to 13.76% in April 2022, compared to April 2021, according to data released on Wednesday by the...

23% of the Alro Group, the largest aluminum producer in Europe, is owned by a Romanian company

By Emea Riga Paval Holding, the investment vehicle of brothers Dragoş and Adrian Pavăl, owners of the retailer Dedeman, owns over 23% of ALRO Slatina...

City Credit Capital opens in Bucharest the first branch in Europe, under the CIX brand

By Jerom Bolt CIX Markets, a provider of online trading services for private investors, institutions, banks and brokerage houses, enters the Romanian market. The company,...

Investments of 230 mln dollars, approved by Kazakh-Romanian Energy Investment Fund’s Board

By Andra Beltz The Board of the Kazakh-Romanian Energy Investment Fund approved two investment projects totaling around 230 million dollars last week, according to a...