The agency Standard& Poor?s reconfirms, on Friday 15th April this year the sovereign rating for the governmental debt of Romania at BBB-/A-3 for the long and short term debt in local and foreign currency, as well as the outlook stable, shows the press release sent by the Ministry of Finances. According to the agency, Romania’s rating is supported by the statute of member of the European Union and the robust access to financing on the international capital markets. Similarly, the risks generated by the conflict in Ukraine are diminished by the perspective of absorption of an important volume of European funds (Romania being one of the main beneficiaries of the structural funds included in the Multiannual Framework of the EU and the Facility for Recovdry and Resilience) as well as the low energy dependence of our country on the natural gas and oil coming from Russia. ‘The Romanian government takes efficient measures to counteract the effects of the energy crisis and the war in Ukraine. We are not the only ones to say that, Standard&Poor’s are also confirming the country rating and the high degree of safety for investors keeing the stable perspective’ said minister Adrian Caciu. According to the ageny, sustainable economic growth cumulated with the reduction of the fiscal deficit of the government could lead to the consolidation of the productive capacity of Romania’s economy and as a result to a possible action of improving the sovereign rating of our country.
Romania's gross domestic product (GDP) remained largely unchanged in the first quarter of 2025 compared to the previous quarter, according to flash estimates published on May 15 by the National Institute of Statistics (INS). The economy recorded a growth of 0.2% in gross series and 0.5% in seasonally adjusted series compared to the same quarter of […]
Iulius Mall Suceava has officially inaugurated its EUR 40 million expansion that transformed it into “the largest retail and entertainment hub in northern Romania,” according to the official announcement. Developed by IULIUS and Atterbury Europe, the project adds 16,500 sqm of new retail space, bringing the mall's total area to 60,000 sqm. The expansion introduces […]
The European Bank for Reconstruction and Development (EBRD) announced the launch of the second edition of its Star Venture program in Romania this week, following a first edition in 2022. The program provides high-potential startups with business expertise and access to finance. After the round of applications, 10 promising startups were shortlisted to showcase their […]
Non-profit BookLand started building last year a pre-university, dual-system campus in the village of Vultureşti, in southern Romania’s Argeş county. The campus will train pupils in various specializations, allowing them to work in industries ranging from hotels & restaurants to retail and food. More on how the project got off the ground and what it […]
Armenian Street Pop-Up: All That Jazz, an event focusing on the city’s Armenian neighborhood, community and living heritage, takes place on the weekend of May 24 – May 25. The first edition, meant as an overture to the Armenian Street Festival, brings to the fore the cultural heritage of the Armenian community in Romania and […]
One year after its launch, Attractive Romania/România Atractivă - part of Romania's first national program dedicated to cultural tourism - announced major milestones, including more than 280,000 active users and over 60,000 downloads of its mobile app. The platform has become the second most popular Romanian tourism app, after Munții Noștri. Initiated by the Ministry […]
