Social Democrat leader sends mixed signals on backing Romania's key reform agendaRomania's Social Democratic Party (PSD) has sent conflicting signals over its willingness to support legislation linked to the country's Recovery and Resilience Facility (PNRR), with party leader Sorin Grindeanu softening his earlier remarks on the PNRR reform package while simultaneously (…)
Strong demand emerges for Digi Spain IPO ahead of market debutDigi Communications' Spanish subsidiary has attracted nearly EUR 1.3 billion of demand from investment funds and family offices ahead of its initial public offering, more than four times the targeted fundraising of up to EUR 330 million, according to data analysed by Profit.ro. The strong (…)
Data point to low price elasticity of fuel demand in RomaniaFuel consumption in Romania increased in March and, to a lesser extent, in April despite a sharp rise in petrol and diesel prices, according to analysts at the Association for Intelligent Energy (AEI), cited by Mediafax, commenting on data from the National Institute of Statistics (INS). AEI (…)
EU Recovery Facility: The six bills that could cost Romania EUR 4.5 blnRomania risks delaying or losing more than EUR 4.5 billion (over 1% of GDP) in grants under the EU Recovery and Resilience Facility (PNRR) unless Parliament adopts six key reform bills by the end of August, with the ongoing political crisis threatening the fragile cross-party support required to (…)
Fitch begins review of Romania's public finances amid high political uncertaintyOne year after avoiding a sovereign downgrade by setting up a ruling coalition and passing budgetary measures that aligned the fiscal trajectory to the Excessive Deficit Procedure (EDP) commitments, Romania is now facing new scrutiny from the major rating agencies. While its public sector (…)
L'à‰tape Romania by Tour de France returns to Bucharest this summer, registrations openRegistrations are open for the fifth edition of L'Étape Romania by Tour de France, which will take place this summer, on August 30. The cycling event will once again transform central Bucharest into a traffic-free course inspired by the world's most famous road race. The event, part of the (…)
Polipol's 2025 Net Profit Drops 3.7% YoY To RON9.6MUpholstered furniture maker Polipol, owned by the German group of the same name, for 2025 reported turnover worth RON158.5 million (EUR31.4 million), close to the 2024 level of RON158.7 million (EUR31.9 million), in line with calculations by Ziarul Financiar (ZF) daily based on finance ministry (…)
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