News Romania: MetaWealth secures 19 mln euro financing for Romania BESS
European real assets investment platform MetaWealth said on Monday that it has secured a 19 million euro ($22 million) funding package for its 50 MW/100 MWh standalone battery energy storage system (BESS) project in Romania's northeastern county of Neamt.
News Romania: Romania finance minister resigns amid investigation he took $2.1 million in bribes when mayor
BUCHAREST, Romania – Romania's finance minister has resigned amid an investigation into suspicions that he took 2 million euros ($2.1 million) in bribes when he was a mayor. Darius Valcov handed in ...
News Romania: Romania raises diesel excise duty cut to 25% for Sept 1-15
Romania's finance ministry said on Friday that it will increase the temporary reduction in the excise duty on standard diesel fuel to 25% from 20% during September 1-15, amid rising international fuel prices.
News Romania: Romania and Ukraine to work on plan to limit imports of Ukrainian grain
Florin Barbu, the Romanian Agriculture Minister, announced on Wednesday, 20 September that Bucharest and Kyiv would work together for a month on a grain export control plan that will help protect Romanian farmers.
News Romania: Romania sells 167 mln euro of 2031 T-notes, above target
Romania's finance ministry placed on Monday 875 million lei ($194.3 million/166.6 million euro) worth of fixed-rate Treasury notes maturing on July 27, 2031, above target, the central bank said.
News Romania: Romania's Electrica to invest 235 mln euro in two CHP plants
Romanian power supplier and distributor Electrica said its shareholders have approved a 235 million euro ($275 million) investment for the construction of two combined heat and power (CHP) plants in the southern city of Craiova, Dolj county.
News Romania: Romania, new support for innovative startups
The Romanian investment fund Nucleo Ventures, recently created thanks to EU funding through cohesion policy, will provide venture capital support for tech startups ranging from 150,000 to 1.4 million euros. An interview with Valentin Filip, president of the new fund
News Romania: Romania curbs debt sale plan as presidential favourite rules out tax hikes
Romanian debt managers curbed local debt sale plans on Wednesday amid a slide in the leu currency since hard-right presidential candidate George Simion took the lead in the first round vote and ruled out tax hikes to fix the country's ailing finances. The leu has lost nearly 3% and Romania's 10-year bond yields surged by some 60 basis points since eurosceptic Simion decisively swept a first ballot on Sunday, triggering the resignation of leftist Prime Minister Marcel Ciolacu and the collapse of the pro-Western coalition government. With a run-off scheduled to take place on May 18, Simion has "categorically" ruled out tax hikes if he wins the election, but offered no alternative to cutting the European Union's largest budget deficit and avoiding a ratings downgrade.
News Romania: Romania’s public debt rises to 61.4% of GDP at end-May
By Iulian Ernst in Bucharest Romania’s general government debt (chart) increased by RON22.5bn (€4.3bn) in May to RON1.19 trillion, pushing the debt-to-GDP ratio up to 61.4%, according to data published by the Finance Ministry. The ratio increased by 1.2 percentage points from 60.2% at the end of April and has remained above the 60% threshold since ...
News Romania: Bank deposit growth in Romania decelerates in July
The deposits of the non-governmental sector in Romanian banks grew 7.8% on the year to 684.6 billion lei ($152.1 billion/130.3 billion euro) in July, compared to an annual increase of 8.2% in June, the central bank, BNR, said on Tuesday.
News Romania: Romania and World Bank Group Celebrate 30 Years of Partnership and Discuss Priorities for Sustained Green, Resilient and Inclusive Growth
The World Bank Group (WBG) and Romania celebrated 30 years of partnership in a high-level event with representatives from central and local government, development partners, private sector, academia, civil society and other key stakeholders. Guided by the twin objectives of reducing poverty and boosting shared prosperity, the WBGâs diverse program has supported key sectors of the Romanian economy and society, with a view to increase living standards and opportunities for each citizen in a more equal and sustainable way.
News Romania: Romanians’ savings capacity remains under pressure as living costs rise – survey
Money - Romanians' real capacity to save remains limited and vulnerable to growing pressure on monthly budgets, as rising living costs steadily reduce the amounts
News Romania: Cryptocurrencies are in crisis, but they are not going to disappear
Cryptocurrencies are experiencing their worst crisis since the arrival of the first crypto assets and virtual currencies in the 1990s and their democratization in the 2010s. Bitcoin had an ...
News Romania: Romania’s Credit Rating Outlook Cut by Moody’s on Budget Risks
(Bloomberg) -- Moody’s Ratings lowered Romania’s credit score outlook, raising the risk it could be cut to junk as political turmoil hinders efforts to narrow the budget gap before a presidential election re-run. Most Read from BloombergICE Eyes Massive California Tent Facility Amid Space ConstraintsHow Britain’s Most Bike-Friendly New Town Got BuiltThe Dark Prophet of Car-Clogged CitiesWashington, DC, Region Braces for ‘Devastating’ Cuts from CongressSaving the Signature Sound of Washington, DC
News Romania: Romanian economy contracts less than expected in Q2
Romania's economy shrank for the second straight quarter in the three months ending June, though at a slower-than-expected pace, preliminary data from the statistical office showed on Friday. On an unadjusted basis, GDP declined 0.
News Romania: Romania's public marginally up in April, remains above 60% of GDP
Romania's public debt (chart) under the EU's ESA methodology increased marginally in April by only RON1.7bn (€327mn, +0.1% m/m) to RON1.17tn (€227.9bn), according to Finance Ministry data. Expressed in euros, the debt stock declined by 0.7% m/m due to exchange rate movements. The public debt-to-GDP ratio edged up to 60.2% at the end of April from 6...
News Romania: Ce riscă România dacă nu închide centralele pe cărbune în 2026 / „Înseamnă finalul pentru Complexul Energetic Oltenia”, fără acordul Comisiei Europene
Ministrul Energiei, Sebastian Burduja, a afirmat din nou marți, la Bruxelles, că România nu are cum să închidă centralele pe cărbune la 1 ianuarie 2026, așa cum s-a angajat. De închis nu le putem ...
News Romania: Romanian energy provider hit by Gentlemen ransomware attack
A ransomware attack hit Oltenia Energy Complex (Complexul Energetic Oltenia), Romania's largest coal-based energy producer, on the second day of Christmas, taking down its IT infrastructure. The ...
