A mission of the International Monetary Fund (IMF) will visit Bucharest February 3-7, 2025, Geoff Gottlieb, IMF Senior Regional Representative for Central, Eastern and Southeastern Europe, announced in a press release sent on Thursday."The Fund's team will meet with the representatives of the new Romanian Government and the National Bank of Romania to review recent economic and financial developments and update the macroeconomic outlook. The mission will be headed by Mr. Joong Shik Kang, who has replaced Mr. Jan Kees Martijn as Romania mission chief. Mr. Martijn has been assigned to a new post in line with the IMF's internal policies.'Joong Shik Kang, a South Korean national, is currently the head of the IMF mission in Romania and Greece. Previously, he was Head of the IMF Mission in Hong Kong and Deputy Head of the IMF Mission in China. Previously, he was Assistant Director of the Asia and Pacific Department and Head of the IMF Mission to the Marshall Islands. He studied economics at the University of Seoul and holds a Ph.D. in economics from the University of Wisconsin-Madison.Currently, Romania does not have an ongoing financing agreement with the International Monetary Fund, but the financial institution annually assesses the evolution of the Romanian economy based on Article IV consultations.The consultations are a supervisory exercise that is mandatory for all member states. The purpose of Article IV consultations is to examine the financial and economic situation at national level and to make general recommendations on monetary, financial and economic policies to be pursued in order to ensure stability and positive developments in the economy.
Forvis Mazars, the international audit, tax and advisory services partnership, is pleased to announce the launch of its International German-Romanian Desk, an initiative aimed at addressing the demand for integrated cross-border tax and legal support between Germany and Romania. The Desk combines a highly qualified German team of lawyers with an interdisciplinary Romanian team of […]
Bucharest is facing growing environmental challenges, with traffic-related air pollution, shrinking green spaces, and worsening climate impacts threatening the health and well-being of its residents, according to the latest “State of the Environment in Bucharest” report released by the Bucharest Community Foundation through the Environmental Platform for Bucharest. For example, air pollution has already reached […]
Octavian Bellu, the former coach of Romania’s national women’s gymnastics team, has been appointed president of Friends of WPK, a new initiative launched in Romania by Wiener Privatklinik (WPK), one of Austria’s leading private hospitals. The initiative aims to build a community of Romanian patients who share their personal medical experiences to raise awareness of […]
Maia Sandu, the president of the Republic of Moldova, has been awarded the Franz Josef Strauss Prize by the Hanns Seidel Foundation in recognition of her commitment to democratic values, the rule of law, and her support for Ukraine. The award ceremony took place in the Kaisersaal of the Munich Residenz and was attended by […]
Romania’s new ruling coalition, composed of the National Liberal Party (PNL), Social Democratic Party (PSD), Save Romania Union (USR), the Democratic Alliance of Hungarians in Romania (UDMR), and representatives of national minorities, signed a political agreement on Monday, June 23, outlining the structure of the incoming government, the rotation of the prime minister’s office, and […]
InterContinental Athénée Palace Bucharest is pleased to announce that Chef Michael Passarelli has joined the team as Chef de Cuisine at JORJ, the hotel's iconic dining venue, recently reopened following a comprehensive renovation totalling EUR 3.2 million. With a career spanning over 20 years in top restaurants across Romania, Italy, Belgium, the Netherlands, and Switzerland, […]
