Finance | 22 May, 2026 at 8:00 AM
Romania secures €16.68 billion EU defence funding deal
The European Commission (EC) has finalised the signing of the SAFE loan agreement with Romania.
The European Commission (EC) has finalised the signing of the SAFE loan agreement with Romania.
The European Commission has significantly reduced its estimates for Romanian economic growth this year to 0.1%, down from 1.1% estimated in autumn, while the inflation rate is expected to reach 7%, compared to the previously announced level below 6%, according to spring economic forecasts published Thursday.
The European Commission has opened an in-depth investigation into Romania's planned state support for refurbishing the Cernavoda 1 nuclear reactor, questioning whether the €3.2 billion aid package complies with EU state aid rules.
Several EU member states have already implemented substantial tax cuts—specifically excise duties and VAT—to mitigate the impact of the fuel crisis on their economies.
The European Commission (EC) has approved a €150 million Romanian scheme to support electricity storage, contributing to the transition towards a net-zero economy.
Romania's foreign exchange reserves reached €65.81 billion on 31 January 2026, according to data released by the National Bank of Romania (BNR).
Romania received earlier this week €988.7 million from the European Agricultural Guarantee Fund (EAGF), representing reimbursement for advance payments made to farmers between 16 October and 30 November 2025, the Ministry of Agriculture and Rural Development announced.
Romania leads the European Union in both VAT and corporate tax collection failures, losing approximately one-third of potential revenue from each tax, according to a European Commission analysis published this week.
Romania's real GDP growth is forecast to remain low over the next two years, primarily due to the necessary fiscal consolidation measures that will slow consumption.
Romania's consolidated budget deficit has widened to 4.54% of GDP after the first eight months of 2025, an increase from the 4.04% reported in July 2025.
Karoly Borbely, Chairman of the Management Board and CEO, and Marian Fetiţa, Member of the Management Board and CFO, have mutually agreed to exit Hidroelectrica.
Druid AI has launched ChatEurope, a groundbreaking news platform featuring the first chatbot dedicated to European news.
The European Commission has issued a reasoned opinion to Romania, urging the country to remove restrictions on gas producers' ability to determine wholesale prices.
As US President Donald Trump has announced a 20% tariff on products imported from the EU, Romanian PM Marcel Ciolacu said the government will launch support schemes.
This amount represents the countervalue of the funds used from the state budget by APIA, in the period October 16–November 30, 2024.
The European Social Innovation Competition, funded by the European Innovation Council under Horizon Europe, aims at raising awareness about social innovation across a wide audience.
Bulgaria, Romania and Serbia still have a long way to go in the deployment of charging stations required for the desired uptake of electric vehicles.
The prize is awarded to European cities that are front-runners of innovations that benefit their citizens.
The European Commission (EC) has finalised the signing of the SAFE loan agreement with Romania.
Sphera Franchise Group, Romania's largest food service group, reported consolidated sales of €75.6 million in Q1 2026, up 4.2% compared to the same period last year. Growth was driven by the return to positive performance of KFC Romania and the strong evolution of Taco Bell.
Hidroelectrica signed a €188.5 million contract for the refurbishment of Râul Mare Retezat Hydropower Plant. The project aims to modernize and improve the efficiency of the company's generation capacities.
Banca Transilvania (BT) said its consolidated net profit reached RON 1.14 billion lei (€228 million) in Q1, representing a 30.1% increase compared to the same period last year. Total assets for the group expanded to RON 227 billion lei (€45.4 billion) as the institution neared the milestone of five million active customers.
Vastint Romania has announced a new leasing contract with Arcadis Romania, which will occupy 1,183 sqm in building A of Business Garden Bucharest. The global design, engineering and consultancy company joins a growing community of international tenants at the development.