The planned fiscal consolidation measures in Romania are likely to weigh heavily on already sub-optimal economic growth, ING Bank Romania economists Valentin Tătaru and Ștefan Posea warned in an analysis cited by CursDeGuvernare...
The price of natural gas continued to rise on January 14 at Bucharest commodity exchange BRM due to the cooling weather and uncertainties regarding the long-term functionality of the only gas pipeline that still transports Russian gas to Europe, TurkStream.
The price exceeded the threshold of RON 300 (EUR 60) per MWh for the first time in almost 2 years,
The planned fiscal consolidation measures in Romania are likely to weigh heavily on already sub-optimal economic growth, ING Bank Romania economists Valentin Tătaru and Ștefan Posea warned in an analysis cited by CursDeGuvernare...
Romania's seasonal and workday-adjusted industrial output increased for the second month in a row in April (+2.3% m/m), reaching the highest level in the past 12 months after having demonstrated a fragile (+1.4% per annum) and not particularly statistically relevant trend across the past year, according to data published by the statistics office. This is […]
After another day of negotiations on June 16, the four pro-Western parties seeking a ruling majority failed to provide more clarity on the name of the future prime minister or specific elements of the fiscal consolidation plan. After various political scenarios have been explored already without gaining consensus support and the expert committee has reportedly […]
The austerity measures that have been circulated in the media "are unacceptable," trade union Cartel Alfa leader Bogdan Hossu told president Nicușor Dan at the discussions held at Cotroceni Palace on June 16. The trade union federation Cartel Alfa argued that bonuses and salaries should not be cut without detailed analysis, because "this would lead […]
The performances of the Israeli companies Vertigo Dance Company and Kibbutz Contemporary Dance Company, scheduled in the program of the Sibiu International Theatre Festival (FITS), have been canceled due to flight bans in Israel, the organizers of the Sibiu festival announced. The FITS president, Constantin Chiriac, said that solutions were being sought to fill the […]
The Romanian Movie Festival, presenting a program of films reflecting “the thematic and artistic diversity of contemporary Romanian cinema,” is scheduled to take place in Nicosia between June 17 and June 20. The event, held at the headquarters of Romania’s Diplomatic Mission in Nicosia, is the first of its kind in Cyprus, the organizers said. […]