Deputy Prime Minister DragosiAnastasiu warns that Romania could have faced a severe economic crisis if it had not adopted the fiscal package requested by the European Commission by July 8. In an interview with Digi24, Anastasiu stated that our country was at risk of a currency exchange rate of 6 lei per euro and an unemployment rate of 30-40%, as Brussels was ready to trigger the procedure to suspend European funds, and rating agencies were prepared to downgrade Romania. "We were like a car with the front wheels on the edge of a cliff," said the Deputy Prime Minister, justifying the urgency and severity of the measures adopted without extensive consultations with trade unions and employers' organizations. "If we had not come up with this painful but credible package for those who fund us by July 8, the European Commission would have started the process to halt European funds for Romania, and the rating agencies would have quickly told us that we were unacceptable for investments. And that was the scenario of Greece in 2010; the exchange rate would probably have gone to 6, and unemployment to 30-40%," added the Deputy Prime Minister. According to him, there was not enough time to start "with the most painful measures and do everything properly, in consultation with trade unions and employers' organizations: there was no time." "Package 2 addresses inequalities, package 3 even more so, and so on (...) The next packages will focus on streamlining, eliminating inequalities," Deputy Prime Minister Anastasiu further stated. (Photo:https://www.facebook.com/)
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 […]
