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/)
Former US first lady Michelle Obama, the wife of Barack Obama, was in Bucharest on Thursday, September 18, to serve as the main guest at the second edition of the Impact Bucharest series of conferences. The former first lady spent about an hour in front of a large audience, speaking about her childhood in a […]
Czech president Petr Pavel spent a few days in Romania at the beginning of September while on holiday. According to statement by the Romanian Embassy in Prague, the Czech leader traveled mountain routes by motorcycle and chose modest accommodations. Pavel tried to see as much of what Romania had to offer. He planned his routes, […]
Romania is taking tangible action toward its green transition through sustainable infrastructure projects, public‑private partnerships and green bonds. Experts, government officials and business leaders have gathered today at the CES Bucharest ESG Conference, to present progress and identify solutions through which the public and private sectors can collaborate to build a sustainable and competitive economy. […]
Prime minister Ilie Bolojan announced that he will visit Brussels next week to talk to three European commissioners about deficits, defense, and EU financing. The first meeting will be with the commissioner for economy, Valdis Dombrovskis, as Romania “must adjust the issues related to deficits to be a trustworthy country, so as not to continue […]
A large majority of Romanians, namely 85%, have heard of celebrated composer George Enescu, according to the third edition of the Informat.ro – INSCOP Research Barometer conducted earlier this month. However, the survey shows a slight decline in cultural awareness compared to 2013, particularly among younger generations. The
The volume of trade between Romania and China was almost USD 9.3 billion in 2024, according to official statistics. Trade between the two, however, is not balanced. Romania registered a USD 7.7 billion deficit with China, and a USD 2.1 billion deficit in the first quarter of 2025 as well. The People’s Republic of China […]
