A team of the International Monetary Fund, led by Jan Kees Martijn, the head of the mission for Romania, will be in Bucharest between September 25 and October 4, 2023, for the annual analysis of the Romanian economy based on Article IV, announced the international financial institution in a press release.Such consultations take place periodically with all IMF member states.The IMF team will discuss economic policies with the Romanian authorities in meetings with representatives of the Ministry of Finance, the National Bank of Romania, government agencies, according to the press release signed by Geoff Gottlieb, the regional representative of the IMF for Central, Eastern and South-Eastern Europe. At the same time, the experts of the international financial institution will meet with representatives of the private sector and non-governmental organizations, the source adds.At the end of the visit, it is expected that the IMF mission will organize a press conference.The consultations constitute a supervisory exercise that is mandatory for all member states. The purpose of consultations based on Article IV is to examine the financial and economic situation at the national level and formulate some general recommendations regarding monetary policies, financial and economic policies to be followed to ensure stability and a positive evolution at the level of the economy. Based on the preliminary findings of this mission, the team prepares a report which, once approved by the management, will be presented to the IMF Executive Committee for discussion and approval.
Two castles in Romania's Cluj county, namely the Rákóczi-Bánffy Castle in Gilău and Bánffy Castle in Răscruci, will reopen in the coming weeks and host events dedicated to visitors. Rákóczi-Bánffy Castle in Gilău, one of Transylvania's historical monuments, will reopen its doors after a seven-year renovation process aimed at transforming it into a multifunctional cultural […]
The second edition of the Chicago Romanian Community Summit will take place on May 25, aiming to unite the Romanian community in Chicago. Leaders from various sectors - business, education, culture, and religion - will come together during the event to celebrate their shared heritage and establish a forum for addressing challenges. The summit also […]
In a recent promotional spot, Nicola Coughlan, Claudia Jessie, and Hannah Dodd, all part of the cast for Netflix’s hit show Bridgerton, played a game of True or False, Romanian Romance Edition. The game consisted of saying whether or not a particular superstition was actually true in Romanian folklore or if it was made up. The first […]
The organizers of the Untold and Neversea festivals in Romania announced the start of the 10th edition of their blood donation campaign - Blood Network. Under this initiative, blood donors can get free one-day tickets for the two summer events. This year's Blood Network runs between May 18 and June 30. Music fans can donate […]
Romanian mountaineer Adrian Ahriţculesei reached the summit of Mount Everest, Earth's highest mountain above sea level, after a 12-hour climb. The expedition, which started on April 11, is scheduled to end on May 30. "Ahriţculesei Adrian conquered the Roof of the World. He is on Everest (8,848 m). Next comes the hardest part of this […]
Hesburger, the largest chain of fast food restaurants in Finland and the Baltic countries, has entered the Romanian market with a first restaurant in Râmnicu Vâlcea. A family business with a history of over 50 years, Hesburger currently operates in nine countries and has over 470 restaurants. The company aims to open 10 new locations […]
