ECA: Insufficient EU contribution to energy efficiency in companies
More than 2 billion euro in European Union (EU) funding to help businesses save energy has made a modest contribution…
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Economics&Markets
Unions demand an annual price cap, at the December 2020 levels
Four employers’ confederations and five trade union confederations on Monday called on the head of government to cap electricity and…
Foreign direct investment rose by more than 186% in the first 11 months of 2021
Direct investments of non-residents in Romania rose by 186.44% in the first 11 months of 2021, to 6.866 billion euros,…
World Bank: Romanian economy expected to advance 4.3% this year
The Romanian economy is expected to grow by 4.3% this year, compared to a 4.5% advance forecast in June 2021,…
Ministry of Energy published the list of investments that can be financed from PNRR and the Modernization Fund
The Ministry of Energy has published the list of investments that can be financed starting this year with funds from…
NBR: 70% of the inflation index component is determined by energy prices
The National Bank of Romania is trying to anchor inflationary expectations, by raising the monetary policy interest rate and to…
Romania’s GDP increased in 2021 by 17 bln. euro compared to 2019, at a record level
Romania’s Gross Domestic Product increased in 2021 by 17 billion euro, as compared to 2019 and reached almost 1,190 billion…
Nagy-Bege: It is clear that we are in the middle of a crisis, competition in the retail market has disappeared
Prices have passed from an extreme value to another, and currently they have reached values that were unimaginable two years…
Leonardo Badea, BNR: The effect of rising energy prices cannot be controlled by monetary policy measures
We live in an increasingly complex world where priorities are different and therefore include characteristics of economies that we would…
Concordia: Romania’s budget cannot be based on exorbitant taxes imposed overnight
The additional taxation of those that already pay taxes, called by the representatives of the governing coalition “of solidarity”, appeared…
Europe’s car industry will lose 500,000 jobs as a result of switching to electric vehicles
Switching to exclusive use of electric vehicles and abandoning those with internal combustion would lead to the loss of half…
Romania received the first tranche of PNRR, worth almost 1.9 bln. euro
On Thursday, Romania received the first tranche of the National Recovery and Resilience Plan (PNRR), amounting to 1.851 billion euro,…
EU announces a 300 bln. euro global infrastructure investment plan
European Commission and the High Representative of the Union for Foreign Affairs and Security Policy launched the Global Gateway on…
Multinationals expect a tax increase due to Covid-19 pandemic effects
More than half of companies worldwide (58%) expect a tightening of taxation in countries where parent companies are tax-resident as…
Vîlceanu: PNRR money, an advance of 3.9 bln. euro, will come in December
The money from Romania’s National Recovery and Resilience Plan (PNRR), an advance of 3.9 billion euro, will come in December,…
Romanian FDI more than tripled – 5.3 bln. euro at nine months
Foreign direct investment reached 5.279 billion euro in the first nine months, compared to 1.677 billion euros in the same…
AHK Business Outlook: The current situation of companies is good, but the prospects remain marked by uncertainty
The challenges for companies are still numerous after almost two years of pandemic, but the current situation of companies has…
Romania’s energy consumption increased by 5.6% in the first nine months, in line with the economy
The country’s national electricity consumption was 5.6% higher in the first nine months of the year, compared to the same…
Gov’t approves the first documents needed to start the PNRR
Romanian government approved in Wednesday’s meeting the first two documents for starting Romania’s National Recovery and Resilience Program. According to…
BNR: The annual inflation rate will continue to rise
The annual inflation rate is expected to extend its upward trend until the middle of next year, implicitly rising above…
EBRD improved its forecasts for the Romanian economic growth in 2021 to 7.2%
The European Bank for Reconstruction and Development (EBRD) has significantly improved its estimates on Romania’s economic evolution in 2021, forecasting…
BNR: Part of the Romanian companies are at risk, as a result of changes in the green agenda
Part of the Romanian companies are at risk, on the chain of changes in the green agenda, and they generate…
EU Council approved the PNRR, the first money will come in December
Council of the European Union approved the National Recovery and Resilience Plans (PNRR) for Romania and two other countries. It…