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Recent News

Booming housing market keeps Romanian constructors busy

The volume of construction works on residential buildings projects in Romania rose by 18% YoY in January-April and went out of scale in April...

Romania asks suppliers to send fewer COVID-19 vaccine doses as vaccination rates slow down

The Romanian authorities asked suppliers to send only 2.6 million COVID-19 vaccine doses in June, 4.5 million fewer than planned, as the vaccination rates continue...

Romanian naval transport group’s shares go up 7% on BVB listing

Romanian naval transport group Transport Trade Services (TTS) listed its shares on the Bucharest Stock Exchange (BVB) on Monday, June 14, after a RON 288...

How prepared is Romania for the electric vehicle revolution in 2021

Romania holds 20th place on the list based on the readiness index of European countries in terms of electric vehicle revolution, better than Slovakia...

Romania promulgates “anti-Huawei” 5G law

Romanian President Klaus Iohannis has promulgated the bill that sets tight terms for the licensing of software and hardware suppliers to the 5G networks...

UiPath drops almost 10% on NYSE after first earnings report since IPO

The shares of Romanian-born robotic processing automation (RPA) company UiPath (NYSE: PATH) closed the trading session on Wednesday 9.6% lower than on the previous...

Romanian CEOs boast highest level of confidence in past decade

The optimism of Romanian CEOs regarding the global economic recovery has reached the highest level in the last ten years, with 60% of respondents...

Electric Castle festival returns with a special 10-day edition in August

Electric Castle, one of Romania's largest music festivals, will return with a special 10-day edition this year, held "in a formula adapted to the...

Endava Romania reports RON 764.1 million revenue in the fiscal year of 2020, after growing by 29% yearly

Endava Romania, the British software company present on the local market, with seven delivery centers, reported a revenue of 764.1 million RON in the...

EC issues “encouraging” report on Romania’s reforms under the CVM

There is progress across all the remaining recommendations, and many are on the path to being fulfilled if progress remains steady, the European Commission...