Romania
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EY: Romania Must Implement European Fair Minimum Wage By 2024
Romania must implement the European Fair Minimum Wage by 2024. The provisions of the European Directive and its impact on Romanians are included in an analysis by Claudia Sofianu, Partner, I...
Eurostat: Romania Had Second Highest Economic Growth Rate in EU in Q4
Romania had the second highest economic growth rate in the European Union in the fourth quarter of 2022, 5% compared with the year-earlier period, after Ireland (15.7%) and ahead of Cyprus (...
(P) GlobalLogic Successfully Completes Fortech Acquisition. Fortech is now officially operating as a wholly owned subsidiary of GlobalLogic
Cluj-Napoca, Romania, February 7, 2022 – GlobalLogic Inc., a Hitachi Group Company and Digital Engineering Leader, today announced that it has completed the acquisition of Fortech, a leadin...
Erste Group Revises Romania’s Year-End Inflation Forecast Down To 8%
Austria’s financial group Erste has revised its forecast on Romania’s annual inflation rate down to 8% by end-2023, versus 8.7% in its previous forecast, after the rate touched a record high...
AHK: Romanian-German Trade Up 14% YoY To EUR37.5B In 2022
Trade between Germany and Romania maintained on an upward trend, reaching EUR37.5 billion in 2022, up 13.9% versus 2021, according to the Romanian-German Chamber of Commerce and Industry (AH...
Taking Romania to the Next Level
Fifty years after Romania became the first Warsaw Pact country to join the International Monetary Fund, three decades after its transformation from a centrally planned to a market economy, t...
EBRD Granted Total Financing Of EUR709M For 32 Projects In Romania In 2022
The EBRD provided EUR709 million of investments in 32 operations in Romania in 2022, as part of a record EUR13.1 billion at reported rates delivered across the Bank’s regions in 2022.
CEE’s Largest Brokerage Firm Sees Romania’s Economy Growing Only 0.5% in 2023
Romania's economy will grow by only 0.5% in 2023, says Wood, the largest brokerage firm in Central and Eastern Europe, in an analysis. However, there may be pleasant surprises, Wood believes...
World Bank Sees Romania’s GDP Growing By 2.6% In 2023 And By 4.2% In 2024
Romania's economy is expected to grow by 2.6% in 2023 and by 4.2% in 2024, according to the World Bank's Global Economic Prospects report.