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/)
Construction and real estate development company Novarion has announced its intention to list on the AeRO market of the Bucharest Stock Exchange by the end of the year or at the beginning of next year. Listing will take place following a EUR 70,000 grant obtained through the EU-backed National Recovery and Resilience Plan, or PNRR. […]
“The Robot Cellist,” the visionary project of international artist Fredrik Gran, will perform during GoTech World 2025, the largest IT and digital solutions expo-conference for the business environment in Central and Eastern Europe. Created by Swedish composer Fredrik Gran, “The Robot Cellist” reinterprets the cello through technology, blending tradition with innovation. It has already appeared […]
Romania is 7th in a ranking of the fastest Wi-Fi connections available onboard trains in 18 countries in Europe and Asia, according to an analysis by internet speed testing service Ookla. With a median download speed of 12.46 Mbps, Romania offers Wi-Fi more than twice as fast as Italy (4.78 Mbps) and Poland (4.72 Mbps), […]
Bucharest’s Botanical Garden will once again be illuminated this fall as the “Garden of Lights – Small World” exhibition opens to the public on October 24. The nighttime event will feature thousands of light installations, colorful lanterns, multimedia projections, and interactive displays inspired by landmarks and cultures from around the world. Visitors will embark on […]
The Metropolis Foundation announced the start of construction works on Romania’s largest pediatric psychiatry hospital, a project valued at over EUR 16.5 million. The new facility will be built within Bucharest’s “Prof. Dr. Alexandru Obregia” Psychiatric Hospital. The 3,900 sqm building will include modern wards, medical offices, occupational and virtual reality therapy rooms, sensory and […]
Global enterprise AI agent platform Wonderful announced on Monday, October 13, that it entered the Romanian market and appointed Lucia Stoicescu as Country Manager. Founded in early 2025 by Bar Winkler (CEO) and Roey Lalazar (CTO), Wonderful provides an integrated agent platform allowing enterprises to build, manage, and monitor AI agents serving customers. Winkler previously […]
