World Bank cuts Romania's growth forecast through 2027

BUCHAREST, Oct. 7 (Xinhua) -- The World Bank on Tuesday lowered Romania's 2025 economic growth forecast to 0.4 percent, down from 1.3 percent projected in June. In its Europe and Central Asia Economic Update titled "Jobs and Prosperity," the Bank...

Belgian Manufacturer of Anti-Drone Missiles for Ukraine Sees Rise in Unidentified UAVs Over Its Factories

Thales Belgium, one of the largest European defense companies, has stated that it is observing an increase in the number of unidentified drones flying over its secret facilities. Politico reported on this. The company is calling for clear rules...

Analysts see no policy rate cuts in Romania, but possibly lower market interest rates

The commercial banks' chief economists expect no rate cuts on October 8 or by the end of the year. Such a move is seen as possible in February-May next year, while the liquidity management is seen as a possible indirect instrument used by the...

Capgemini Acquires SEIMAF for Nuclear Engineering Approach

Capgemini has acquired 100% of the share capital of SEIMAF, an industrial engineering and technical consulting group operating in the energy, environmental and industrial sectors that specializes in nuclear. This acquisition arrives as Europe...

Romania to start talks on 2026 budget no sooner than November

The budget planning for 2026 will begin in November, Romanian finance minister Alexandru Nazare said in a press conference on October 1, adding that the plan for next year should be drafted in such a way that no budget revisions would be...

Ukroboronprom has signed agreements with Spanish and U.S. arms manufacturers

JSC Ukrainian Defense Industry concluded a number of agreements with international partners during the DFNC3 forum, including with the Spanish manufacturer of combat modules Escribano. This was reported by the company’s CEO Herman Smetanin. “We...

Cyprus Business Now: shipping, MoU, banks, property, Stelios awards, CySEC

Bank customers in Cyprus will soon be able to send and receive money within seconds, as new EU rules on instant payments take effect this month, at the same cost as a regular transfer, but with much stronger safeguards. From October 9, all banks...

Romania seeks $7B Abrams tank deal with US amid push to modernize military

Romanian TR-85 tanks maneuver in a single column during a bilateral U.S.-Romanian live-fire exercise in 2018 at Smardan Training Area, Romania. Romania is looking to buy hundreds of Abrams tanks from the U.S., the defense ministry said in a Sept....

Inspiration, best practices, and a radiography of the local CX landscape: CX Conference Bucharest 2025 brings to the forefront global leaders in Customer Experience and the latest studies about Romanian consumers

In line with International Customer Experience Day (CX Day), a global initiative that promotes the importance of customer experience in organizational success, Romania becomes a regional reference point through CX Conference Bucharest 2025, an...

Ukroboronprom Agrees to Cooperate with USA, Spain and Romania

Ukroboronprom signed three international memorandums at DFNC3. During meetings and negotiations with partners at DFNC3, the company’s delegation agreed to cooperate. “The Ukrainian delegation presented new developments and capabilities of the...

Polish investors look to Romania as an attractive market, bilateral Chamber of Commerce says

Polish investors continue to view Romania as a strategic and attractive market due to its geographic position, growth potential, and transparent legislation, even in the current economic climate, according to recent conclusions from an economic...

Exclusive Interview: Populist Leader Călin Georgescu on His Annulled Presidential Campaign Victory, Globalist Copy-Paste Lawfare, and Romania’s Fight for Sovereignty

Călin Georgescu via Facebook Călin Georgescu—once viewed by Romania’s corrupt, entrenched political establishment as an “outsider”—stunned Europe and the world in November 2024 by cruising to a first-round victory in the presidential race. He...

Soft2Bet launches Swiper casino for Romanian market using MEGA platform

Soft2Bet has rolled out Swiper, a Romania-based online casino powered by its proprietary Motivational Engineering Gaming Application (MEGA) platform. The system combines swipe-based navigation and short-form video content, echoing mobile social...

Romania to quickly set up production of defensive drones with Ukraine, minister says

Romania and Ukraine hope to quickly set up a joint production of defensive drones for domestic, EU, and NATO use, foreign minister Oana Toiu said during an interview with Reuters. The initiative, announced earlier this month, is even more needed...

French HVAC industry brand Groupe Atlantic appoints Florent Blain as plant manager in Romania

Groupe Atlantic, a French global player in the HVAC (Heating, Ventilation, and Air Conditioning) industry, announced the appointment of Florent Blain as plant manager of the group’s factory in Ploiești, Prahova County. Blain joined the company in...

Romania to develop joint drone production with Ukraine to protect NATO's eastern flank, Romanian FM says

Romanian Foreign Minister Oana Toiu confirmed on Sept. 30 Bucharest's plans to partner with Ukraine to produce drones intended to protect NATO airspace. "We believe it is strategic for (NATO's) eastern flank to be better protected, especially in...

Now More Shady Hunter Biden Dealings - This Time in Romania

The opinions expressed by contributors are their own and do not necessarily represent the views of RedState.com. There would appear to be no end to the shady dealings of the former First Son, Mr. Hunter Biden. Now, a new Hunter Biden scheme has...

Romanian ready-meals maker Cris-Tim prepares IPO 

Romanian food business Cris-Tim plans to launch an initial public offering (IPO) on the Bucharest Stock Exchange. The company, which produces cold cut meats and ready meals, said in a statement yesterday (29 September) that the offer will comprise...

Econergy to acquire 155MW solar project in Romania

As part of the agreement, Econergy will also assume a €14.9 million shareholder loan that Nofar Energy had previously extended to the project. The move underscores Econergy’s ongoing strategy to bolster its presence in the European solar market...

Romania's OMV Petrom takes over 50% in 400MW PV project in Bulgaria

OMV Petrom (BVB: SNP), the largest integrated energy producer in Southeastern Europe, has completed the acquisition of a 50% stake in the Gabare photovoltaic project, developed by Enery in Bulgaria, the company announced. The project has an...