Romania moved from having a relatively stable and functioning centre-right ruling coalition to an explosive political situation with no credible mediator to defuse it.
Consumption has already returned to pre-crisis growth rates and is not far from where it would have been in the absence of the COVID-19 crisis.
USR-PLUS to work with radical rightwing AUR to bring no-confidence motion against Florin Citu's government.
Figures suggests higher energy prices have not yet passed through to consumer prices so further supply-side inflationary pressures are expected.
USR-PLUS accuses Citu of planning to misuse public money through the €10bn public investment plan.
High demand for wood for the booming global furniture market, poverty, persistent corruption and huge areas of sparsely populated forest land combine to create the conditions for illegal logging in Emerging Europe.
PSD leader puts no-confidence motion on hold but says if “millions of Romanians” take to the streets Florin Citu’s government would be overthrown.
NGO finds dozens of methane leaks, including next to children’s playground.
Survey shows the trend of creating online stores has continued this year, with some entrepreneurs closing their bricks and mortar stores to focus on selling online.
Sports Festival brings back popular Health Ticket — exchanged for 20 squats at Memorandumului Sud bus station — after residents did over 1mn squats last year.
Romania becomes one of the pioneers in canine detection of coronavirus at airports. Pilot scheme expanded after initial success.
With rival producers hit by severe droughts, Romania is expected to raise exports to Egypt and other markets.
Number of deals increased in 1H21 amid swift economic recovery but size of deals was smaller, says JLL report.
Leaders of Romania’s ruling PNL back Dan Vilceanu for key finance minister position in further boost for Citu in his struggle for control of the party.
The growth rate was slower compared to consensus expectations for growth rates of around 2% q/q and above 14% y/y.
The CNP’s forecast is rather cautious compared to the double-digit growth rate mentioned by Prime Minister Florin Citu recently as possible for this year.
Cluster Power technology park will host an artificial intelligence infrastructure centre developed in partnership with Nvidia.
Consumer price inflation in Romania reached 4.95% in July, rising sharply from 3.8%-3.9% in May-June.
FintechOS says its low-code approach to digital transformation improves the accessibility, affordability and impact of services for the financially excluded. This is what convinced the IFC to invest.
Disappointed by the weak traffic at Oradea airport, the municipality and county authorities decided to set up their own airline.