The closure of the Strait of Hormuz and the resulting energy price shock are putting additional pressure on Romania's economy, already affected by the EU's highest inflation, a major fiscal deficit and internal political risks, according to an eToro analysis.
At the global level, the survey shows that the possibility of a recession for the global economy is the top concern for retail investors (23%) closely followed by inflation (22%).
Chocolate is in high demand this season. Valentine's Day, now Martisor, the international women's day, nothing says more I cherish you than some flowers with a box of chocolates.
Agroland Business System has received approval from Romania's Commission for the Examination of Foreign Direct Investments (CEFDI) for a €20 million greenfield investment in egg production. The new facility will be located in Mihăilești, Giurgiu County.
Ascendia, a Romanian company specialising in digital infrastructure for education and public institutions, announced that its educational content creation platform LIVRESQ has been accepted into the Google for Startups Scale Tier.
MSD has appointed Conor Dempsey as Managing Director for Romania and Moldova operations. He succeeds Marcelo Pascual Morales, who was appointed Associate Vice President & Executive Officer of MSD Japan.
E.ON Energie Romania plans to invest approximately €120 million over the next five years, primarily in developing its portfolio of energy solutions including photovoltaic systems, heat pumps, energy efficiency measures and electric mobility infrastructure.