Chairman of the National Liberal Party (PNL), Florin Citu declared on Friday, in Alba Iulia, that he is worried about the evolution of some economic indicators, the former prime minister adding that any sign from the rating agencies showing that Romania is not moving in the right direction, will mean even higher borrowing costs."I am concerned about the evolution of economic indicators that are linked, of course, to inflation, interest rates. We usually see an increase in inflation and interest rates before an economic crisis. And it only depends on the solutions we will take at government level so as not to have an economic crisis. We will find and we have solutions, we just have to sit down and look for them, because if we managed to find solutions when the economy was closed for two months - there is no bigger challenge to get the economy out of such a crisis - we will also find now. You just have to accept that there is a problem and then come up with a solution," the PNL leader told a news conference.Asked by journalists if the Ministry of Finance' s high borrowing costs were discussed within the coalition, Florin Citu replied that he had spoken about these concerns of his both publicly and within the coalition."I am confident that we will have a coalition (reunion) in the next period in which the Minister of Finance will explain whether these concerns of mine are shared by them as well. I hope that the evolution of interest rates or the measures we will take will not lead to an even higher increase in interest rates, in inflation. We are waiting for Romania's evaluation by the rating agencies in March and any sign from the rating agencies showing that Romania is not going in the right direction will mean even higher borrowing costs for Romania. That is why we must be very careful with the measures we take. All of them should go in the direction of maintaining the deficit at least at the level we assumed at the beginning of the year," he explained.
Associates of the fugitive Moldovan oligarch Ilan Șor were urged to vote for far-right candidate George Simion in the presidential elections in Romania back in May, according to the General Inspectorate of Police of the Republic of Moldova. Moldovan police made public several messages discovered on the phones of those close to Ilan Șor as […]
The month of July was nearly 2 degrees Celsius warmer than normal in Romania, with temperatures exceeding 43 degrees Celsius in the southern Oltenia region and over 40 degrees Celsius in Transylvania. Eleven new heat records were set, and there were also intense rains as well as severe hailstorms, according to the climatological summary published by […]
Romania ranks last in the European Union in terms of circular material usage, with a rate of just 1.3%, according to 2023 public data analyzed by Clean Recycle experts. Comparatively, countries such as the Netherlands (30.6%), Italy (over 20%), and Malta lead the EU rankings. A circular economy is a model of production and consumption […]
A new edition of Art Safari will take place from September 5 to December 14 in Bucharest, featuring a diverse program of art exhibitions. Highlights include "Paris Pallady," showcasing over 70 works by Romanian artist Theodor Pallady alongside pieces by Henri Matisse, in collaboration with Paris museums Musée de l'Orangerie and Musée Henri Matisse, the […]
According to a recent announcement from the Ministry of Foreign Affairs, Romania endorsed the Joint Declaration on the Security and Resilience of Submarine Cables in a Global Digitalized World, in coordination with the United States and European Union partners. The diplomatic effort takes place as allies are concerned with sabotage incidents, cyberattacks, and other forms […]
The media and entertainment industry in Romania is projected to experience steady growth over the next five years, driven primarily by the expansion of digital segments. According to the latest PwC Global Telecommunications, Entertainment & Media Outlook 2025-2029 report, the sector is expected to grow at an average rate of around 2% annually, reaching a […]
