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EIB Vice-President Ioannis Tsakiris : Romania is a key partner for EIB
Friday, March 14, 2025
Romania is a key partner for the European Investment Bank (EIB) Group, as financing provided in 2024 by the lending institution for the Romanian economy amounts to EUR 2.49 billion, EIB Vice-President Ioannis Tsakiris on Thursday told a press briefing at the Finance Ministry in Bucharest.Romania is a key partner for the European Investment Bank Group. Our commitment to the country's sustainable growth and development has never been stronger, this is ...
Annual inflation rate climbs up to 5.02pct in February 2025
Friday, March 14, 2025
The annual inflation rate rose to 5.02% in February 2025, from 4.95% in January, as food prices rose by 4.54%, non-food prices by 4.79%, and services by 6.42%, according to data published on Thursday by the National Institute of Statistics (INS)."The consumer price index was 100.88% in February 2025, compared to January 2025. The inflation rate since the beginning of the year (February 2025 against December 2024) was 1.8%. The annual inflation rate was ...
MEP Winkler: US aluminum and steel tariffs deepen crisis of EU and Romanian industry
Friday, March 14, 2025
The 25% tariffs imposed by the U.S. on aluminum and steel imports from the European Union are actually deepening the crisis of the European and Romanian steel industry, because this crisis stems primarily from energy prices, MEP Iuliu Winkler, a member of the European Parliament's EPP Group, declared on Wednesday in Strasbourg."Romania is affected in three ways. There's the direct production, direct steel or aluminum exports to the United States, and ...
Erste Group: Romania Outlook - Short-term fixes trump long-term investments
Friday, March 14, 2025
"Growth is never by mere chance; it is the result of forces working together." – James Cash Penney. Romania’s recent economic expansion reflects this reality - a dynamic interplay of consumer-driven momentum, fiscal policies and external constraints. While domestic demand continues to power ahead, the sustainability of this growth model is increasingly in question. Structural imbalances, policy uncertainty and global headwinds cast a shadow over an otherwise ...
CCIB head points to chronic trade balance deficit as one of Romania's major economic problems
Friday, March 14, 2025
One of Romania's major economic problems is the chronic trade balance deficit, which stands at 30 billion euros over the first 10 months of last year, and which cannot be offset by the surplus in the service trade balance, president of the Bucharest Chamber of Commerce and Industry (CCIB) Iuliu Stocklosa told a specialist conference on Thursday."Supporting exporters by all means and in the long term, particularly those with a high degree of processing, ...
Romania exporting more wood than it imports, especially processed wood
Friday, March 14, 2025
Romania is exporting more wood than it imports, predominantly processed wood, which proves that we are giving added value to the product, and the Romanian government is making money in a horizontal industry, Minister of the Environment, Watercourses and Forestry Mircea Fechet, said on Thursday at the event "The Wood Balance in Romania"."The balance [of Romanian wood] teaches us a few things. Over half of the wood harvested in Romania ends up ...
National Honey Fair spring edition Friday through Sunday at Baneasa apiculture platform
Friday, March 14, 2025
Bucharest residents are expected, from Friday to Sunday, at the spring edition of the National Honey Fair, an event organised by the Romanian Beekeepers Association (ACA) at the platform of the Research and Development Institute for Apiculture in Baneasa."The 28th edition of the National Honey Fair, which will take place from March 14 to 16, 2024, at the Baneasa beekeeping platform, has already become a well-known and anticipated event in the Capital, ...
Ambassador Prokopciuk:Russia remains a threat, Romania and Ukraine will take necessary infrastructure development steps
Thursday, March 13, 2025
Russia will remain a threat, but Romania and Ukraine will take "the necessary steps to continue investing in the development of connectivity infrastructure", Ukrainian ambassador in Bucharest Ihor Prokopciuk declared on Wednesday as he attended the launch of the document "The Romania - Moldova - Ukraine Triangle. A Framework for Enhanced Regional Connectivity", which examines some of the short and long-term benefits Romania could obtain by speeding up the consolidation ...
Chief of Defence Staff: Europe's security is intrisically linked to that of Ukraine
Thursday, March 13, 2025
Security of Europe is intrinsically linked to the security of Ukraine, the Chief of the Defence Staff (SMAp), General Gheorghita Vlad, stated at the Defence and Strategy Forum in Paris, which takes place until Thursday."We are aware that we all need to do much more for defence, and we are also aware of the fact that the security of Europe is intrinsically linked to the security of Ukraine. The Romanian Army will continue to support the neighbouring country, ...
At meeting with EU ambassadors, ForMin Hurezeanu reiterates Romania's support for Ukraine
Thursday, March 13, 2025
Foreign Affairs Minister Emil Hurezeanu participated on Wednesday in a working meeting with the EU heads of mission accredited to Bucharest.Against the backdrop of the security situation in Ukraine and the latest decisions of the EU political leaders, Emil Hurezeanu emphasized Romania's support for the goal of strengthening the European Union's security and defense policy actions, underlining the need for relevant steps to be carried out in complementarity ...
