On the celebration of the National Day of the Swiss Confederation, we have the great pleasure to extend our warmest greetings, along with our best wishes for the prosperity and the well-being of the Swiss people. Switzerland is a great nation with a significant history for the value of unity in diversity, more relevant today […]
Independent presidential candidate Nicușor Dan, the current mayor of Bucharest, has stated that Romania’s fiscal consolidation must focus primarily on reducing public expenditure rather than increasing the tax burden, though he did not rule out future tax hikes if necessary. His remarks came during an economic debate broadcast on RomaniaTV, where the country’s growing budget […]
A tax adjustment or even a hike appears increasingly unavoidable in Romania, according to Dragoș Anastasiu, advisor to acting president Ilie Bolojan. His remarks, made during a public discussion on the country’s fiscal outlook, come as Romania grapples with a public deficit that exceeded 9% of GDP in 2024, and the government has delayed fiscal […]
Polish modern convenience retailer Żabka Group issued a PLN 1 billion (EUR 236 million) local currency sustainability-linked bond to finance its operating costs and capital expenditures in Poland and Romania, the European Bank for Reconstruction and Development (EBRD) announced. The EBRD is a shareholder of Żabka and has purchased PLN 140 million (EUR 34 million) […]
The retail sales volume index in Romania increased by 3.5% y/y in Q1, less than half of the outstanding growth rates in 2024 (+8.6% y/y), according to the statistics office INS. Slower disinflation and comparatively modest wage hikes contributed. The food sales dropped by 2.0% y/y in Q1 (+3.8% y/y in 2024), but the non-food […]
Regardless of the outcome of the presidential elections in Romania, policymaking would become more fragmented, less stable, and less effective over the next few months, S&P Global told Reuters. "(This) could lead to weaker growth, fiscal, and external outcomes than our already...
Thousands of people took to the streets in Romania this past weekend, participating in pro-European and pro-democracy rallies held in Bucharest and major cities across the country. The demonstrations took place one week before the second round of the presidential elections, scheduled for May 18. On Friday, Europe Day, crowds gathered in Bucharest’s University Square […]
