Banca Transilvania posted a net profit of 246 million lei in Q1 2017, slightly up from the 228.5 ml lei reported in same period of the year before, Banca Transilvania Financial Group announced in a release. The Group’s net profit amounts to 267 million lei. The Group’s assets as at the end of Q1 2017 […]
"There is no question of a nuclear dome over Romania," presidential adviser and former foreign minister Cristian Diaconescu said, commenting on the scenarios circulated about France using its nuclear umbrella to protect a larger part of the continent against the Russian threat, according to
The average net wage in Romania rose 9.7% y/y to RON 5,328 (EUR 1,070) in January, marking the slowest annual real growth rate (+4.7% y/y) since May 2023. Wages are expected to lose momentum through 2025, after the 4.4% and 7.7% advance, in real terms, during 2023 and 2024. The government’s forecasting body expects a […]
Romania’s public debt increased by 22.9% y/y to RON 964.3 billion (EUR 193.9 billion) at the end of December, after it surged by EUR 36.2 billion during the year. The public debt leaped by RON 27.4 billion (EUR 5.5 billion) in December, although the Treasury has not issued any FX bond – the increase […]
International rating agency Moody's followed Fitch and S&P in changing Romania's outlook from stable to negative, based on concerns about the fiscal situation aggravated by the political turmoil. All three major agencies rate Romania's debt at the lowest category in the investment-grade area – Baa3 in the case of Moody's. The decision to change the […]
Thousands of Romanians gathered in cities across the country and in major European capitals on Saturday, March 15, in a show of support for Romania's place in the European Union. The Euro Manifest rally took place in Bucharest, Timișoara, Arad, Oradea, Iași, and in the diaspora, including Brussels, London, and Dublin. Organizers estimated that between […]
The 2025 edition of the year’s first major film fest in Europe (and one of the biggest worldwide), the Berlin International Film Festival, took place between 13 and 23 February. My notes come with a bit of delay, as I was also hit by the festival flu that got so many of us sniffling and […]
