The latest data revealing widening twin deficits in Romania, published at the end of last week, prompted concerns and pushed up the yield of the 10-year bonds to 6.89% from 6.75% before, putting pressure on the public debt service, warned Adrian Codirlasu, deputy president of the CFA Romania Society.
This is severely hindering the government’s capacity to provide fiscal stimulus in the coming quarters, when such a policy is needed more, he explained, as quoted by
The president of S.O.S. Romania, Diana Iovanovici Șoșoacă, announced on Monday, June 30, that three senators were expelled from the party, effectively disbanding the party’s group in the Senate. According to the Romanian Parliament’s regulations, a party must have more than seven members to establish a group in the Senate. With the expulsion of the […]
Chinese social media platform TikTok has reportedly opened a branch in Romania, following public criticism, along with governmental and EU-level scrutiny, after Romania’s last presidential elections. The local company is called Tik Tok Romania, has a share capital of RON 5,000, and provides other IT-related service activities. It will be managed by Laura Andreea Savu, […]
Private eye care network Dr. Holhoș has opened an ophthalmology hospital in Alba Iulia following a EUR 6 million investment. The hospital, which the company says is the largest of its kind in Transylvania, has four operating rooms and 23 beds. When fully operational, it will offer the full range of eye surgeries. The hospital […]
Cyber_Folks Romania, part of the international Cyber_Folks group, has announced the acquisition of Hosterion, one of the leading independent web hosting providers in the local market, in a transaction worth EUR 6.7 million. Cyber_Folks said the move aims to expand its operational capacity and consolidate its leadership in the local digital infrastructure, cloud, and scalable […]
Romanian students won three gold medals and one silver medal at the Balkan Physics Olympiad, which took place between June 26–30 in North Macedonia. The event, hosted by the city of Ohrid, brought together 62 students from 16 countries and is the only physics olympiad dedicated exclusively to juniors. Earlier this year, Romanian students also […]
Seven internationally acclaimed artists, including American actors Bill Murray and Kathleen Turner, were honored on Saturday, June 28, with stars on the Walk of Fame in Sibiu, Romania, as part of the International Theatre Festival (FITS), News.ro...
