Category: Uncategorized

Rating agency Fitch assigned Romanian state-controlled natural gas group Romgaz (BVB: SNG) a first-time BBB- long-term Issuer Default Rating (IDR) with a ‘stable’ outlook. The company’s bb- Standalone Credit Profile (SCP) rating, in the region of speculative investments, benefits from a one-notch uplift as per the Government-Related Entities (GRE) Rating Criteria, the rating agency explained.…

All food produced in Romania will be subject to the price markup mechanism already enforced for basic food goods, despite the criticism expressed by economists as regards the side effects of such measures, Romanian minister of agriculture Florin Barbu announced.  The Government Ordinance on this will be passed within two weeks, he said, Digi24 reported.…

President Klaus Iohannis, speaking in Zarnesti (central Romania) on May 22, stated that Romania will not send combatants to Ukraine while sending the Patriot anti-missile system will be decided by the State Security Council (CSAT). “Romania will not send combatants to Ukraine, the topic is simple, and I think that’s the end of it,” Iohannis…

Romania’s radical party AUR (Alliance for United Romanians), led by George Simion, was de facto left outside the European Conservatives and Reformists (ECR) Party and has not attended the meeting of ultra-populist and far-right parties in Europe last weekend in Madrid and the conference of the conservative, religious and far-right movements organized on April 16…

The Macroeconomic Confidence Index calculated by the CFA Society Romania plunged by 12.3 points to 47.1 points at the end of April – moving in the pessimistic half of the 0-100 scale split in two by the 50-point neutral benchmark.  The current economic conditions collapsed by a hard-to-justify 19.5 point step while the expectations deteriorated…

The Romanian Diversity Chamber of Commerce announced the second annual Gender Equal Financing Conference, scheduled for June 11 at the historic Marmorosch Hotel in Bucharest.  The event aims to bring to the fore the significant issue of gender equality in the financing sector and promote inclusive financial policies and practices. It will also focus on…

Bogdan Deac, a key player on Romania’s men’s Olympic team, received a wildcard to compete in the Bucharest stage of the 2024 Grand Chess Tour, which will start on June 25. Deac, 22, one of the most valuable Romanian chess players according to the current world ranking, will be participating for the fourth time in…

Romanian tourists made 760,000 trips with at least one overnight stay in Germany in 2023, which represents a roughly 22% increase from the year before, according to data from the German National Tourist Board (DZT). They spent a total of 8.5 million nights in Germany during their trips last year, which places the country 4th…

The winners of the Destination of the Year 2024 competition were announced on May 21 at an exceptional Gala at the Romanian Athenaeum in Bucharest, with the city of Sibiu winning the award for Destination of the Year 2024. Brașov county also had seven winning destinations. The event was attended by representatives from the Ministries of…

Exim Banca Romaneasca export credit agency and Export Credit Greece signed an MoU on the sidelines of the Prague Club Biennial Meeting of the Berne Union, which is held for the first time in Athens, May 21-23, organized by Export Credit Greece. As part of the cooperation, the two organizations agreed to develop a common…