economy

The war in Ukraine is destroying the economic growth in the eastern part of the EU. Romania is a notable exception. Hungary is sinking...

Bucharest, August 16, 2023 – The inevitable is happening before our eyes. Despite all the optimistic estimates of national and international analysts, the national economies of Eastern Europe are having a hard time coping with the consequences of the...

The Romanian holding company Green Group fully buys UAB Zalvaris, from Lithuania, and becomes the largest integrated recycling group in Central Europe

  By RBJ Abris Capital Partners (“Abris”), the ESG transformation specialist private equity investor, has supported GreenGroup, the circular economy leader in Central Europe, in signing the acquisition of UAB Zalvaris (“Zalvaris”), the largest industrial waste management company in Lithuania. Part of...

Romania’s GDP maintains its high growth rate: 5% in the first 9 months and 4.7% in Q3 2022/Q3 2021

By RBJ Romania's economy rose, in the first nine months of the current year, by 5% on the gross series and by 4.3% on the seasonally adjusted series, compared to a similar period in 2021, while in the third quarter...

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 to 5.8%, according to the autumn economic forecasts, published on Friday. In the first semester of...

McKinsey & Company: Romania’s digital economy could grow 3.5 times to 52 billion euros in 2030 (1)

By RBJ Romania's digital economy could grow 3.5 times to around 52 billion euros in 2030 compared to 14.8 billion euros last year, ICT and digital commerce being the main growth drivers, according to the new McKinsey&Company report titled Digital...

Exports increased by 23.9% in the first half of the year, and imports increased by 28.5%. The trade balance deficit reached over 15 billion...

By rbj The frozen structure of the Romanian economy, based especially on the manufacture and export of components for machines and equipment, is starting to be observed more and more in this period when global flows are deteriorating, and the...

Pessimistic estimate for the Romanian economy: growth of 2.9% in 2022, unemployment of 5.4%

By Andra Beltz The National Strategy and Forecast Commission (CNSP) revised down by 1.4 percentage points, to 2.9% the growth estimate of the Romanian economy for this year, from 4.3% as previously forecast. In the spring version of the Medium Term...

Romania’s economy is failing under the cold eyes of Germany

By Constantin Radut Failing to destroy Romania's national unity, immediately after the fall of Ceausescu, in 1989, Greater Germany (reunited) dealt strong economic blows to Romania. The most significant is that Romania's economy is more dependent on Germany's than any of...

Romania suffers from its dependence on the German economy

By Constantin Radut For over 20 years, Romania's economy has become dependent on that of Germany. By 2020, almost 25% of Romania's foreign trade was closely linked to imports and exports to and from Germany. For many years, the governments...

Covid 19 deeply bites EU economies: in Q2, Romania’s GDP is declining by 12.3%, Poland, Hungary enter technical recession

By Constantin Radut Eurostat information indicates the adjustment of the Romanian economy in the second quarter of this year with the most severe rhythm since the early 1990s, an evolution determined by the incidence of the pandemic and the consequences...
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Three students from Romania want to revolutionize aircraft avionics. They were awarded at the International Science and Engineering Fair (ISEF). Among the prize winners...

Bucharest, June 18, 2024 - RBJ - Filip Bușcu, David Ghiberdic and Rareș Marinescu, students at the Bucharest International...
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Media Fact Book 2024, Initiative: The local media market will reach a record value of 762 million euro by the end of this year

Bucharest, June 17, 2024 - RBJ - The media market in Romania has been on a stable upward trend in 2023, reaching an estimated...

Storm Shadow AI Solution, developed by the Romanian company OVES Enterprise, on the verge of being used by major weapons manufacturers to counter GPS...

Cluj-Napoca/Romania, June 12, 2024 - RBJ - Storm Shadow AI (SSAI), the advanced artificial intelligence solution capable of learning in record time to make...

The Romanian Company Nuclearelectrica SA and Korea Hydro & Nuclear Power (KHNP) announce the start of works on the first tritium removal facility in...

Bucharest, June 10 June, 2024 - RBJ - The National Company Nuclearelectrica SA and Korea Hydro & Nuclear Power (KHNP) announce the start of...

Restart Energy, a Romanian-American company in Romania, is developing a PV of 500 MW, the second largest in Romania

Bucharest, Timișoara, June 3, 2024 - RBJ - Agrovoltaics, a Restart Energy Group company, signes a connection contract with Transelectrica worth 56 million lei,...