According to the findings of the European Investment Bank, the overall picture of investments in Romania has improved, and expectations related to the economic climate have grown substantially, governor of the National Bank of Romania (BNR) Mugur Isarescu said on Tuesday at the presentation of the report "EIB Investment Survey Country Overview 2023 : Romania"."Just like in previous years, this event focuses on the EIB Investment Survey, a very useful country analysis conducted by the EIB. The 2023 edition focuses on the most important issues facing Romanian companies today, such as energy costs, climate change and the green transition. We are happy to see that, according to the EIB's findings, the overall picture of investments in Romania has improved compared to the previous edition. For example, expectations related to Romania's economic climate have increased substantially. Also, according to the survey, Romanian companies display higher optimism than the EU average when it comes to the availability of internal and external financing," Mugur Isarescu told the conference "Transforming for Competitiveness" organized by the National Bank of Romania and the European Investment Bank.According to the BNR governor, the conclusions of the survey represent a valuable complement to those of the Romanian central bank's own survey on access to financing of non-financial corporations in Romania."Our survey captures the views of the real sector on: the most pressing problems faced by companies in their activity; the cost of financing; the implications of a possible appreciation/depreciation of the national currency, and the impact of climate change. Taking into account the growing concerns about climate change and the impact of mitigation policies on the banking sector, the National Bank of Romania also launched in 2021 a survey that looks at the main developments in terms of climate change and green financing through several indicators in five categories: real economy, physical risk, transition risk, green financing and government policies," Isarescu said.According to the 2023 EIB Investment Survey, Romanian companies have shown a resilience beyond expectations in the face of the economic slowdown and are prioritizing the expansion of their production capacity.
Two castles in Romania's Cluj county, namely the Rákóczi-Bánffy Castle in Gilău and Bánffy Castle in Răscruci, will reopen in the coming weeks and host events dedicated to visitors. Rákóczi-Bánffy Castle in Gilău, one of Transylvania's historical monuments, will reopen its doors after a seven-year renovation process aimed at transforming it into a multifunctional cultural […]
The second edition of the Chicago Romanian Community Summit will take place on May 25, aiming to unite the Romanian community in Chicago. Leaders from various sectors - business, education, culture, and religion - will come together during the event to celebrate their shared heritage and establish a forum for addressing challenges. The summit also […]
In a recent promotional spot, Nicola Coughlan, Claudia Jessie, and Hannah Dodd, all part of the cast for Netflix’s hit show Bridgerton, played a game of True or False, Romanian Romance Edition. The game consisted of saying whether or not a particular superstition was actually true in Romanian folklore or if it was made up. The first […]
The organizers of the Untold and Neversea festivals in Romania announced the start of the 10th edition of their blood donation campaign - Blood Network. Under this initiative, blood donors can get free one-day tickets for the two summer events. This year's Blood Network runs between May 18 and June 30. Music fans can donate […]
Romanian mountaineer Adrian Ahriţculesei reached the summit of Mount Everest, Earth's highest mountain above sea level, after a 12-hour climb. The expedition, which started on April 11, is scheduled to end on May 30. "Ahriţculesei Adrian conquered the Roof of the World. He is on Everest (8,848 m). Next comes the hardest part of this […]
Hesburger, the largest chain of fast food restaurants in Finland and the Baltic countries, has entered the Romanian market with a first restaurant in Râmnicu Vâlcea. A family business with a history of over 50 years, Hesburger currently operates in nine countries and has over 470 restaurants. The company aims to open 10 new locations […]
