Author: Andreea Ionescu

Romania is going through a difficult period, with high inflation, falling GDP, consumer spending under pressure, and political instability, says Flavius Valentin Jakubowicz, chairman of the Supervisory and Advisory Board of IFA Romania, noting that we are not in a crisis without solutions, but at a point where economic decisions must be serious. „The data published for April confirm a deterioration in macroeconomic balance: Romania is simultaneously facing double-digit inflation and economic contraction. The annual inflation rate rose to 10.711% in April 2026, from 9.871% in March, while prices increased by 0.841% compared to the previous month.…

Greenvolt Next Romania, part of Greenvolt Group, has signed a new agreement with Sam Mills for the development and operation of a photovoltaic project for self-consumption, with a capacity of over 2 MW, integrated with a 10.03 MWh battery energy storage system (BESS). The investment value exceeds 2.6 million euros and marks the expansion of the partnership between the two companies, bringing the total value of renewable energy solutions implemented for the Satu Mare group to over 2.8 million euros. Developed under a Power Purchase Agreement (PPA) contract, the project allows Sam Mills – one of…

Romanian artificial intelligence startup DesignVerse has secured $5.5 million in venture capital funding from British investment fund Begin Capital, with participation from Romanian funds GapMinder Ventures and Underline Ventures, alongside strategic angel investors from companies such as Adobe, London Stock Exchange Group, and UiPath. The investment will enable DesignVerse to expand its engineering team and scale both in Europe and the US. This investment highlights the growing demand for tools that can safely and rapidly update large companies' critical systems, according to StartupCafe. Prior to this round...

Romania has concluded new cooperation agreements within the framework of the EEA and Norway Grants with Norway, Iceland, and Liechtenstein, marking the continuation of the common commitment to reduce socioeconomic disparities in Europe and strengthen bilateral relations, the Ministry of Investments and European Projects announced. The Minister of Investments and European Projects, Dragoș Pîslaru, on behalf of the Romanian Government, the Minister of Foreign Affairs of the Kingdom of Norway, Espen Barth Eide, and His Excellency Friðrik Jónsson, the Ambassador of Iceland accredited to Romania, signed the Memoranda of Understanding establishing the new funding period for these financial mechanisms during an official ceremony held at Victoria Palace. „Romania continues its strategic partnership with Iceland...

The annual inflation rate reached 10.711% in April 2026, with the largest price increases recorded for electricity (+54.181%), rent (+43.781%), diesel (+32.68%), gasoline (+22.42%), and coffee (+21.76%), while services recorded the fastest annual growth rate, at 13.04%, according to data from the National Institute of Statistics. „In April 2026, the annual inflation rate reached 10.7%. After eight months of rising to levels above 9%, in April 2026 annual inflation reached the 10.7% threshold. Thus, in April, the annual inflation rate, compared to the same month of the previous year, was 10.71%, the highest…

Romania is currently experiencing stagflation, with inflation exceeding 10.1% and an economic contraction, and mitigating the effects of the recession depends largely on European funds, says Adrian Codirlașu, president of CFA Romania. „It’s the worst possible combination: recession coupled with high inflation. It is difficult to get out of this situation because monetary policies are less effective due to strongly procyclical fiscal policy. The only thing that can work is fiscal policy—namely, continuing reforms to reduce the budget deficit by cutting spending. There is no other solution, but we are facing very large deficits that are unsustainable, which is the big problem,” he…

In the context of the temporary unavailability of the two nuclear units at the Cernavodă NPP, the National Power System is experiencing a high degree of operational strain, characteristic of such exceptional operating situations, Transelectrica announced. ”Specialists from the Transmission System Operator, Transelectrica, in close collaboration with specialists from all operational entities in the National Power System, are continuously monitoring the evolution of the National Power System's parameters and are implementing all necessary technical measures to maintain the safe operation of the transmission grid and the balance between production and consumption,” state Transelectrica officials. They maintain that, at this moment, the National Power System is operating safely, under...

The TeraPlast Group, Southeastern Europe's largest polymer processor, announces its consolidated financial results for the first quarter of 2026, one of the most challenging quarters in recent years for the construction sector, amid the overlap of external factors that affected the Group's activity in the main European markets. Severe weather conditions in the first two months of the year, the electoral context in Hungary, and geopolitical volatility slowed down public investment and infrastructure project implementation in the January-February period. Starting in March, the Group's activity experienced gradual improvement, driven by the resumption of projects and an increase in orders in the main markets. In…

E.ON Energie România plans to invest approximately 120 million euros over the next five years, primarily to expand its portfolio of energy solutions—including solar power, heat pumps, energy efficiency, and electric mobility infrastructure—with the goal of supporting its customers in their efforts to reduce consumption and optimize energy costs. Approximately 67% of the investments, or 80 million euros, are earmarked for the development of PPA (Power Purchase Agreement) energy solutions, an essential tool for the energy transition and energy cost stability for companies. „In 2025, we exceeded the threshold of…

ENGIE announces the launch of ENGIE Global Business Services Romania (ENGIE GBS Romania), a new subsidiary established in Romania to support Group operations by providing specialized, high-value-added internal services dedicated to support functions. This investment reconfirms ENGIE's commitment to digital transformation, operational excellence, and long-term development in Romania. ENGIE GBS Romania will provide integrated IT, Human Resources, Financial, and Procurement services for ENGIE entities in multiple markets. The new center is designed to offer integrated expertise, streamline operations, and leverage advanced technologies such as automation and analysis and optimization tools...