The European Commission has approved Romania’s National Recovery and Resilience Plan (NPRR), a moment we have been looking forward to and which we welcome. We trust that NPRR one of the few projects that enjoys cross-party support in Bucharest, has the potential to become a new T 0 for Romania, provided its implementation is prioritized at all levels of the administration and managed responsibly, coherently and professionally. On behalf of the business community it represents, AmCham Romania calls for the return of the political class to the commitments it made to the society and to the economy, in order to reverse the depreciation of confidence in the investment and business climate, which, according to a recent AmCham survey, has declined to the minimum quotas registered in the first half of 2020, when Romania was hit by an acute lack of predictability generated by the first pandemic wave. ( Details on : https://www.amcham.ro/download?file=mediaPool/uiYy1U7.pdf) Companies almost unanimously confirmed that the stability and predictability of the political and regulatory framework have a direct impact on operational and investment decisions, most of them indicated that the current political instability is influencing their investment decisions and that they have increasing concerns about the evolution of macroeconomic indicators - inflation, interest rates. The rapid depreciation of confidence in the investment climate proves once again that trust is hard to gain and quick to lose! There is need for a cross-party alignment of the entire political spectrum around the reforms that Romania and Romanians have been waiting for too long. In order to be a credible state in relation to investors, to external institutional partners and last but not least to its citizens, it is necessary for politics and politicians to serve Romania and not the other way around. Every day of political instability is only aggravating Romania’s situation on all levels – health, education, economy, and the top emergencies of the moment call for a responsible approach of the real challenges Romania is facing. Amidst the high uncertainty of the moment, what is certain is that NPRR represents a historic opportunity for Romania and must be the beginning of an accelerated and sustained path towards recovering major gaps in strategic areas and towards a sustainable development of the Romanian economy and society. Similar to its involvement during the consultation period on NPRR, AmCham Romania remains firmly committed to supporting the efforts needed for the implementation of the reforms undertaken within NPRR, under the aegis of an honest and constructive partnership between the public and private environment.
In the context in which agri-food systems are responsible for almost one third of global greenhouse gas emissions, Auchan Romania assumes an active role in the transition of its supply chain toward a more sustainable model. At the second edition of the Climate Supplier Event, organized under the aegis of the Climate Change Summit, the […]
Janiva Magness, the winner of seven Blues Music Awards following 26 nominations, and nominated for a Grammy for a career spanning 17 albums, is set to perform at the 14th edition of the Brașov Jazz & Blues Festival, which will take place between August 14–16, 2026. Magness is one of the most valuable and influential […]
Auction house Artmark announced a major auction for this winter featuring an engraving created by Francisco Goya, the most important Spanish artist of the late 18th and early 19th centuries. Romania's late communist leader Nicolae Ceaușescu received this gift from King Juan Carlos I as a gesture of diplomacy. The engraving entitled “The Engagement – Capricho […]
Authorities managing Romania's Bicaz Gorges–Hășmaș National Park has built a fish ladder system on the Bicaz River, which will allow protected species to migrate and reproduce. There are several bridges and small bridge structures in the Bicaz River that have a “bottom sill,” meaning small waterfalls. Fish that do not jump like the trout cannot […]
The far-right opposition parties in the Romanian Parliament are set to file a motion of no confidence against the government headed by prime minister Ilie Bolojan. The motion, authored by senator Ninel Peia of the Peace – Romania First group, is specifically aimed at the reformist party Save Romania Union (USR), and is entitled “Romania […]
Romania's iconic rock singer Adrian Pleșca, known as “Artan,” died on Tuesday, December 2, after a fatal stroke, at the age of 64. The artist founded the well-known band “Timpuri Noi” in 1982 and “Partizan” in 2001, and was popular on the Romanian rock scene. Over the years, he left and returned to the two bands. Several […]
