Romania's | News

Hungary's MOL Group has invested RON300 million over the last three years to develop Romania's infrastructure.

Romania's annual inflation took a step back but stayed above 5%, reaching 5.1% in August 2024, after climbing to 5.4% in July 2024, data from the country's statistics board INS showed on Wednesday (Sept 11).

Romania's hourly labor costs adjusted to the number of working days climbed 6.79% in the second quarter of 2024 compared to the first quarter of 2024, data from the country's statistics board INS showed on Tuesday (September 3).

Romania's current account deficit stood at EUR12.17 billion in January-June 2024, higher by EUR3 billion than the level recorded in the same period of 2023, central bank data showed on Tuesday (August 13, 2024).

Romania's Competition Council is analyzing the transaction through which Dona Logistica S.A. plans to acquire the VET Division from Vetro Solutions S.A.

Romania's annual inflation resumed its upward trend, increasing to 5.4% in July 2024 compared to July 2023, after dropping to 4.9% in June 2024, data from the country's statistics board INS showed on Monday (August 12).

Romania's central bank has revised downwards its inflation forecast to 4% for the end of 2024 from its previous projection of 4.9%, central bank governor Mugur Isarescu said on Friday (August 9) at the "Inflation Report, August 2024" press conference.

Romania's Competition Council has announced in a press statement on August 5 that it conducted unannounced inspections at eight units that carry out car repairs covered under the compulsory civil liability insurance RCA.

Romania's energy minister Sebastian Burduja has signed 24 financing contracts worth RON68 million (EUR13.6 million), through the Modernization Fund, in order to support investments in new electricity production capacities from renewable sources for self-consumption for public entities.

Romania's current account deficit stood at EUR9.17 billion in January-May 2024, higher by 34% than the EUR6.8 billion level recorded in the same period of 2023, central bank data showed on Monday (July 15, 2024).

Romania's annual inflation decreased to 4.9% in June 2024, compared to 5.1% in May 2024 and 5.9% in April 2024, data from the country's statistics board INS showed on Thursday (July 11).

Foreign Minister Dmytro Kuleba called on partners to follow Romania's example and provide Ukraine with additional Patriot systems and other air defense equipment.

Romania's Competition Council has conducted unannounced inspections at the premises of 14 companies active on the Romanian information and communication technology (IT&C) equipment market.

Romania's current account deficit stood at EUR6.5 billion in January-March 2024, higher by nearly EUR1.5 billion (+26%) compared to the level reported in the same period of 2023, central bank data showed on Thursday (June 13, 2024).

Romania's annual inflation decreased to 5.1% in May 2024, compared to 5.9% in April 2024, data from the country's statistics board INS showed on Wednesday (June 12).

Romania's economy inched up 0.1%, in unadjusted data, and grew by 1.8% In seasonally adjusted data, in the first quarter of 2024 compared to the same period of 2023, in line with provisional (1) estimates from the country's statistics board INS.

Romania's hourly labor costs adjusted to the number of working days increased by 16.45% in the first quarter of 2024 compared to the first quarter of 2023, data from the country's statistics board INS showed on Tuesday (June 4).

Romania's annual inflation rate is expected to decline to 4.9% in December 2024, from a previous projection of 4.7%, and to fall only marginally inside the variation band of the target at the end of the projection horizon, i.e. to 3.4% in March 2026, in line with prior forecasts, as per the minutes of the monetary policy meeting of the Board of Directors of Romania's central bank, of May 13, 2024, released on May 23.

Romania's current account deficit stood at EUR3.94 billion in January-March 2024, slightly lower than the EUR3.96 billion level reported in the same period of 2023, central bank data showed on Tuesday (May 14, 2024).

Romania's annual inflation decreased to 5.9% in April 2024, compared to 6.6% in March 2024 and 7.2% in February 2024, data from the country's statistics board INS showed on Tuesday (May 14).