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Romania’s prime minister Ilie Bolojan, speaking in front of the Parliament on July 7 to assume responsibility for the first package of fiscal measures, outlined again the measures that will be included in the second package, which mainly targets public administration and state-owned companies. This second package of measures is underway and is expected to…

The government of Romania assumed responsibility for the fiscal corrective package on Monday, July 7, requiring the Parliament to endorse the bill without a vote and accepting in exchange to face a no-confidence motion.  The largest opposition party, the Alliance for the Union of Romanians (AUR), announced plans to file such a motion, which must…

Romania’s largest steelmaker, Liberty Galați, is on the brink of insolvency after the National Agency for Fiscal Administration (ANAF) voted against a proposed restructuring plan, according to Remus Borza, president of Euro Insol, the court-appointed receiver, quoted by Ziarul Financiar. Speaking on July 7, Borza warned that “the consequence of this vote will be bankruptcy,”…

Electrica, the Romanian state-majority-owned energy group, has successfully raised EUR 500 million through its first-ever green bond issuance, marking the largest corporate green bond placement in Romania outside the financial sector. The announcement was made on July 7, following the bond’s listing notification on the Bucharest Stock Exchange. The five-year bonds carry a coupon of…

Investors in Romania are interested in technology companies, cryptocurrency assets, US Treasuries and niche sectors, complemented by ETFs with a focus on diversification, technology and high-yield bonds, according to an analysis by the trading platform Freedom24. Top picks included NVIDIA, a global leader in GPUs, Taiwan Semiconductor, the world’s largest chip manufacturer, and Microsoft. Tesla…

For the fourth consecutive year, the Embassy of Romania in Washington, DC, organizes a series of events dedicated to the anniversary of the Strategic Partnership between Romania and the United States of America between July 7–13. Launched on July 11, 1997, on the occasion of US president Bill Clinton’s visit to Bucharest, the Strategic Partnership…

The former head of the National Environmental Guard, Octavian Berceanu, is set to run for mayor of Bucharest, backed by the REPER party. Berceanu, who gained notoriety for being tough on environmental rules, says he aims to make Bucharest “a breathable city, with green spaces, quality drinking water, and clean, civilized streets,” according to News.ro.…

AUR leader George Simion announced on Monday, July 7, that his party intends to submit a no-confidence motion against the government led by Liberal prime minister Ilie Bolojan. The announcement came the same day the Executive was scheduled to assume responsibility in Parliament for its first fiscal package, which includes a VAT increase, among others.…

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Nearly 70% of children aged 10 already own a smartphone, unlocking access to a limitless digital universe 69% of young people aged 9 to 22 spend over 3 hours a day on social media or online gaming—even during school days Parenting expert Maggie Dent: “The digital distraction of devices, laptops, screens and smart phones is…