The European Commission (EC) has slashed its economic growth forecast for Romania to 1.4% in 2025 from 2.5% estimated in November 2024, the EC said in a report on Monday (May 19).
Romania's Finance Ministry raised RON752 million from banks on Monday (May 19), selling government paper, at an annual average yield of 7.46%.
Pro-European Union candidate Nicusor Dan has won Romania’s presidential election on Sunday (May 18), with 99% of the votes counted.
French group Carrefour, present in Romania for 24 years, has appointed Romanian Gabriela Stanica to the position of Chief Information Officer, Digital & AI.
Connections Consult group, a provider of IT solutions and services, registered RON19.41 million revenues in the first quarter of 2025, up 15% from the year-earlier period. It went back into the black with net profit of around RON790,000 in Q1, from a RON1.7 million loss in Q1/2024.
Textile manufacturer Pandora Prod, owned by Simiz family, for 2024 reported turnover worth RON218.5 million (EUR43.9 million), down 25.2% from 2023, in line with ZF calculations based on Finance Ministry data.