According to the findings of the European Investment Bank, the overall picture of investments in Romania has improved, and expectations related to the economic climate have grown substantially, governor of the National Bank of Romania (BNR) Mugur Isarescu said on Tuesday at the presentation of the report "EIB Investment Survey Country Overview 2023 : Romania"."Just like in previous years, this event focuses on the EIB Investment Survey, a very useful country analysis conducted by the EIB. The 2023 edition focuses on the most important issues facing Romanian companies today, such as energy costs, climate change and the green transition. We are happy to see that, according to the EIB's findings, the overall picture of investments in Romania has improved compared to the previous edition. For example, expectations related to Romania's economic climate have increased substantially. Also, according to the survey, Romanian companies display higher optimism than the EU average when it comes to the availability of internal and external financing," Mugur Isarescu told the conference "Transforming for Competitiveness" organized by the National Bank of Romania and the European Investment Bank.According to the BNR governor, the conclusions of the survey represent a valuable complement to those of the Romanian central bank's own survey on access to financing of non-financial corporations in Romania."Our survey captures the views of the real sector on: the most pressing problems faced by companies in their activity; the cost of financing; the implications of a possible appreciation/depreciation of the national currency, and the impact of climate change. Taking into account the growing concerns about climate change and the impact of mitigation policies on the banking sector, the National Bank of Romania also launched in 2021 a survey that looks at the main developments in terms of climate change and green financing through several indicators in five categories: real economy, physical risk, transition risk, green financing and government policies," Isarescu said.According to the 2023 EIB Investment Survey, Romanian companies have shown a resilience beyond expectations in the face of the economic slowdown and are prioritizing the expansion of their production capacity.
The Patriarch of the Romanian Orthodox Church, Daniel, congratulated Pope Leo XIV for succeeding Pope Francis on Thursday, May 8. He expressed confidence that the new pope will continue to promote "the spirit of dialogue, peace, and cooperation between the Roman Catholic Church and the Orthodox Church." "In a world facing multiple spiritual, economic, and […]
The organizers of the Untold festival announced they will offer a RON 150 (EUR 30) voucher toward the purchase of a festival pass to anyone who votes on May 18, during the second round of the presidential elections. In an online message, Untold representatives emphasized the connection between civic participation and the future of every […]
The Open Streets program, which sees the city's major arteries close for car traffic and become pedestrian areas, returns this weekend with a program of exhibitions, concerts, and a Festival of Lights. On Saturday, May 10, at 2:00 p.m., the public is invited to the Made in Romania exhibition, which presents a selection of civilian […]
Joseph Stiglitz, the famous economist and professor at Columbia University in New York, and winner of the Nobel Prize in economy in 2001, told an audience in Cluj, Romania, that governments must stimulate exports and key sectors when facing deficits. Stiglitz was in Romania on Thursday, May 8, to receive the title of Doctor Honoris […]
The Constitutional Court unanimously validated on Friday, May 9, the results of the first round of the presidential elections. It also rejected as unfounded a request to annul the elections filed by Sebastian-Constantin Popescu, the presidential candidate of the New Romania Party, it announced. The runoff, set for May 18, will see ultranationalist leader George […]
Bucharest's culinary scene welcomes back OLEA, the JW Marriott Bucharest Grand Hotel's celebrated Mediterranean destination, now reimagined with a fresh concept that blends authentic coastal flavours with contemporary sophistication. Following an extensive transformation, OLEA reopens its doors to offer guests a refined journey through the Mediterranean's sun-drenched culinary traditions, right in the heart of Romania's […]
