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With a newly proposed State Budget Law, a downgraded credit outlook, and ongoing fiscal reforms, businesses and investors must brace for a year of both challenges and opportunities. The government aims to keep the budget deficit at 7.04% of GDP, despite historical difficulties in meeting fiscal targets. Meanwhile, S&P Global has shifted Romania’s credit outlook…

Women Rise, organized by Dynamic Business Connections is back on the 4th of March 2025 with its 4th edition, solidifying its position as a landmark event for leadership, professional development, and authentic connections. The event will bring together inspirational leaders, entrepreneurs, and professionals who share the same vision: growth, collaboration, and the power to turn challenges into opportunities. Each…

Romania has signed the contracts for the design of four additional bridges over the Prut River, aiming to improve connectivity with Moldova and the European Union. The contracts, worth RON 4.4 million (EUR 880,000) excluding VAT, were awarded to consultancy firm Like Consulting and will be financed from Romania’s national budget. Cristian Pistol, the general…

The first edition of Nordic Festival, a multidisciplinary festival that explores the culture of the Nordic countries, is scheduled to take place in Bucharest between February 13 and February 16. Under the motto Enchanting Aurora – A Nordic Cultural Expedition, the festival “aims to connect the local environment to the lifestyle, artistic creations, and recent…

If January is a month to seek the comfort of classics, so is February. And Bucharest surely delivers these days. Il Cinema Ritrovato on Tour arrived for its second edition in Bucharest, and I am delighted to see it was not a singular event last year. Taking place in the Italian town of Bologna, Il…

Divo Pulitika, fund manager at InterCapital Asset Management, noted in a recent analysis that the downgrades of Romania’s credit rating outlook from Stable to Negative by Fitch on December 24, 2024, and S&P on January 24, 2025, underscore growing concerns over the country’s fiscal and economic stability.  InterCapital Asset Management is the largest independent investment…

Over 50 Christmas trees were thrown into the Tileagd reservoir, near Romania’s western city of Oradea, to serve as shelter for fish.  All 53 trees, provided by the company Eco Bihor, had weights and environmentally friendly ropes attached. With the help of a boat, volunteers dropped the trees into the lakebed. The ecological initiative was…

EBRD Chief Economist Beata Javorcik, present in Bucharest on February 5, 2025 to discuss the 2024-2025 Transition Report for Romania, told Romania Insider that the global and regional economic problems, such as high energy prices, economic slowdown in Germany and US tariffs, should create an imperative for change in Europe and Romania.  The European Bank…

Timișoara, a major city in western Romania, is moving forward with the National Museum of the Anticommunist Revolution of December 1989, as the municipality has approved the Urban Zoning Plan (PUZ) for its development. The project is overseen by the Ministry of Culture. The museum will be built in the courtyard of the former Military…

Romania’s National Cybersecurity Coordination Center will collaborate with European partners and other National Cybersecurity Coordination Centers within the European Union to support the implementation of the Cyber Resilience Act (CRA) through an online platform integrating technical documentation, risk assessment procedures, and resources for manufacturers. The announcement was made by the Authority for the Digitalization of…