Romania's budget for next year drafted by the former Ponta government is built on a deficit of 2.95 percent of GDP and 2.8 percent in cash, based on an economic growth of 4.1percent , fueled by mainly by consumption and investments, while GDP was estimated at 746.6 billion lei. The annual average inflation is forecast at 0.5 percent and the average rate at 4.44 lei / euro....more »

According to the Statistical data report on the 2014 postal services marketpublished by ANCOM, 2.3 times more postal parcels were processed in Romania last year, compared to 2013, 90% of which were processed by private providers. The total postal traffic kept a moderately growing trend in 2014, registering an increase by more than 10%, i.e. exceeding 600 million items. Out of these, over 95% were processed by the universal service provider and by other ten large volume private operators...more »

According to Eurostat, the statistical office of the European Union, the three countries have the highest economic growth rates in the EU in the second quarter of 2015, compared with the similar period of 2014. All the EU member states reported Gros...more »

The National Institute for Statistics announced that an increase in the production volume is expected by the managers in the processing industry, while construction, retail trade and services anticipate growths in their respective activities. &n...more »

Freight traffic registered through the three Romanian maritime ports is up 20 percent from January through May to more than 23 million tonnes.  The Maritime Ports Administration National Company of Constanta informed in a release that the ma...more »

VentureConnect, the leading pitching and networking event in Romania, organized by Govnet Conferences together with BirisGoran Law firm hosted the 11th edition on June 3 in ASE’s Aula Magna, Bucharest. For the first time in Romania, VentureConnect welcomed for its pitching session Tina Baker, co-founder of JAG Shaw Baker and member of the Seedcamp Advisory Board. ...more »

Recolamp Association, a non-profit association specializing exclusively in the waste management of lighting equipment has published its annual activity report for 2014. Recolamp administered a budget of approximately 6,000,000 lei, representing the Green Stamp of 0.9 RON (plus VAT) applied to each bulb sold by the Association member companies. ...more »

In its strategy for the TAROM national air carrier, the Transport Ministry aims either to turn private some of the airline or enter cooperation with a big company, Transport Minister Ioan Rus told the Romanian Senate's Transport Committee adding that negotiations are underway with the Economy Ministry to take over the Romaero air services provider....more »

The GDP was higher by 1.6% in real terms in Q1 of this year compared to the Q4 2014, and compared to the similar period of last year it rose by 4.3% in unadjusted terms and by 4.2% in seasonally-adjusted ones, according to the data released by the National Statistics Institute (INS)....more »

The government is initiating again the procedures for the construction of Sibiu-Pitesti, Targu Mures-Iasi and Comarnic-Brasov motorways. "I believe that it is possible this year we initiate all that means procedures in the case of the Sibiu-Pitesti, Targu Mures-Iasi and Comarnic-Brasov motorways, so that construction works may finally kick off” says Prime Minister Victor Ponta....more »