Profit share in Romania drops to 48.1% in 2024 but remains among highest in EuropeRomania’s profit share, defined as the proportion of value added distributed by non-financial corporations to capital rather than labour, fell for the second consecutive year to 48.1% in 2024, Eurostat reported on December 7. The ratio was 40.0% on average in the European Union, with (…)
Romania's High Court refers magistrates' pensions law to Constitutional CourtThe pension law "brutally violates the independence of the judiciary" and "de facto eliminates the service pension for magistrates," according to the reasoning published by the High Court (ICCJ) along with its decision to refer the magistrates' pensions law to the Constitutional Court, Ziarul (…)
Romanian state to buy out minority shareholder at Bucharest AirportsThe Romanian state, in a document on December 5, expressed its intention to take full control of the National Airports Company of Bucharest (CNAB), which operates Otopeni Airport and Baneasa Airport, where the minority shareholder Fondul Proprietatea has a 20% stake, Ziarul Financiar reported. (…)
Romania shortlists 17 state-owned companies for reformRomania's Interministerial Committee for Supporting the Implementation of Reform 9 (CNR9), led by deputy prime minister Oana Gheorghiu, has selected 17 state-owned enterprises from a total of about 1,500 to undergo initial screening ahead of potential restructuring or liquidation. The decision (…)
Romania's total market production index up 4.2% y/y in Q3Romania’s total market production index (TMPI), a composite indicator compiled by Eurostat that combines four short-term business statistics indicators covering most of the market economy, increased by 4.2% y/y in Q3 - the sharpest rise in seven quarters (+0.3% y/y in Q2) and twice the 2.1% (…)
Romania confirms Q3 economic growth driven by constructions and agricultureRomania’s statistics office confirmed the 1.6% GDP growth (+1.2% y/y under the chain-linked volume or CLV methodology used by Eurostat) for the third quarter of the year (Q3), half of which was the result of outstanding activity reported in construction. The positive base effects in agriculture (…)
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