Three out of four Romanians traveling abroad this summer have chosen Greece, Bulgaria, Turkey, or Italy as their destination, finds a recent CEC Bank survey.
The Government has announced the death of former Romanian President Ion Iliescu. The former Head of State passed away on August 5 at the "Prof. Dr. Agrippa Ionescu" Clinical Emergency Hospital.
Citi Romania has implemented three GenAI tools for its employees, as part of a significant global investment designed to simplify workflows and streamline daily tasks.
Romania's inflation rate, already among the highest in CEE at 5.8% as of June 2025, is projected to rise sharply, could potentially reach close to 9% in the coming months.
Romania is bracing for a period of economic stagnation in 2025, with growth forecasts significantly dampened by new fiscal austerity measures.
Romania's fiscal package is expected to have a substantial budgetary impact, estimated at 1.1% of GDP this year and 3.5% in 2026, finds an analysis by Fitch Ratings.
The average net salary in Romania decreased by 2.5% to RON 5,508 (€1,109.91) in May, compared to April 2025, according to data from the National Institute of Statistics (INS).
The annual inflation rate in Romania rose to 5.7% in June 2025, up from 5.45% in May.
Romania has officially joined the InvestEU Ukraine Export Credit Guarantee Facility, a joint initiative by the European Commission and the European Investment Fund (EIF).
Romania's trade deficit rose by 16.4% in the first five months of this year compared to the same period last year, reaching €14.32 billion.
Romania is moving closer to achieving fiscal-budgetary rebalancing, according to a recent report by the international rating agency Moody's.
The Central, Eastern and South-Eastern Europe (CESEE) banking sector is demonstrating remarkable resilience and growth potential.
Inflation will increase over the planned fiscal package announced by Romania's Government, which includes the increase of fuel excises.
Romanian PM Ilie Bolojan announced on Wednesday a raft of measures designed to support the reduction of the country's budget deficit.
New tariffs imposed by the US on goods from the EU could significantly impact Romanian exporting firms, particularly those in the metallurgical and automotive sectors.
Romania's budget deficit stood at 3.39% of GDP after the first five months of 2025, a slight decrease compared to 3.41% of GDP in the similar period last year.
The new Government led by PM Ilie Bolojan has been voted in Parliament, raising 301 votes from Senators and Deputies.
Romanian President Nicușor Dan on Friday nominated the interim leader of the National Liberal Party (PNL), Ilie Bolojan, for the position of PM.
The Macroeconomic confidence index, compiled by the CFA Romania Association, registered a significant increase in May 2025, rising by 11.5 points to a value of 44.9 points.
The total trade volume between Romania and Germany fell by 6.1% compared to the same period last year, amounting to €10.36 billion.
The study reveals that 83% of Romanians have a plan for their upcoming vacation season. Only 6% do not intend to go on holiday, while 12% have yet to finalize their arrangements.
Romania's annual inflation rate climbed unexpectedly to 5.5% in May, up from 4.9% in April, driven primarily by increases in food and services prices.
Net investments in the Romanian national economy totalled RON 37.48 billion (€7.57 billion) in Q1 2025, marking a 4.3% increase compared to Q1 2024, according INS.
The Romanian economy is projected to grow by 1.3% this year, a decrease from the 2.1% forecast in January, according to the latest World Bank report on global economies.
Romania's eCommerce market reached approximately €8.1 billion in 2025 and could exceed €8.5 billion in 2026. However, growth is entering a more competitive phase than in previous years, according to a report by MerchantPro.
Foundever, a customer experience service provider, has opened a new office in Bucharest, marking expansion in Romania and CEE. The company plans to grow its local team to over 140 employees throughout 2026, with current capacity for 180 workstations and room for further expansion.
The National Road Investment Company (CNIR) has submitted documentation to the National Public Procurement Agency for the tender of an Express Road connecting the A0 Bucharest North Motorway to the future Terminal 2 of Henri Coandă-Otopeni International Airport. The estimated investment value exceeds RON 400 million (€80 million).
Romania has reached a significant milestone in its agricultural trade strategy by securing access to the Chinese market.
Purcari Wineries has signed documentation to acquire Serve Ceptura, pending corporate and regulatory approvals including clearance from Romania's Commission for the Examination of Foreign Direct Investments.