The harm done to the economy by the Simion + Georgescu duo in just 2 days after the first presidential election round is worse than that inflicted by the Covid-19 pandemic, or the first two days after the outbreak of the war in Ukraine, considers economic analyst Iancu Guda.He pointed out that on Tuesday afternoon the EUR/RON intraday rate was 5.0985, and if the National Bank does not step in, it could rise past 5.1."The National Bank is doing a very good job: why should we sacrifice the national reserve (3 billion euros have already been burned in 2 days) for 40% of isolationist arsonists. Let them see the effects... let them feel the heat and understand. Georgescu + Simion = National Bankruptcy!!!," Iancu Guda explained on his Facebook page.He went on to note that the state can no longer finance the deficit, "that is, the coffers are out of money for pensions and salaries"."Today already no one buys RON-denominated government bonds any more, and access to foreign markets is closed. A weak RON = Expensive imports = High inflation = Rising interest rates. Consumption goes down, insolvencies, unemployment, recession. The conclusion ??? Generalized poverty! Plus many other negative effects after the second round," the economic analyst notes.The Bucharest Stock Exchange reacted negatively to the results of the first round of the presidential election and to the changes on the political scene, while the interest rates used to calculate the cost of loans went up, and the RON/EUR exchange rate topped the psychological threshold of RON 5 on Tuesday.Alliance for the Unity of Romanians (AUR) candidate George Simion took a comfortable lead in the first round of the election, with 3,862,761 votes (40.96%), followed by independent candidate Nicusor Dan with 1,894,259 votes (20.95%), according to data announced Monday morning by the Central Electoral Bureau after the count of 98.52% of the valid ballots.On Monday, Prime Minister Marcel Ciolacu tendered his resignation from the helm of the government and on Tuesday, acting President Ilie Bolojan signed the decree appointing Catalin Predoiu as caretaker prime minister to fill the office until the installation of the new government.
Romanians are worse off now compared to 6 months ago, and 2026 will also be difficult, but from 2027 and then on, there is hope, said president Nicusor Dan during an interview with Romania TV. The government targets a deficit of 8.4% of GDP this year, marginally below 8.65% of GDP in 2024. To tackle […]
Imran Vilcassim, Chief Commercial Officer, Digital Platforms at BPC, explores how Romania’s booming digital payments outpace merchant readiness and why mobile POS is emerging as the practical solution. Romania’s digital payments volumes are rising fast, but merchant infrastructure isn’t keeping up. Independent market models estimate total digital payments will reach nearly
The attributes needed to reach the top of the business hierarchy, how to motivate and support the teams one works with, and how to tackle the unavoidable challenges that arise along the way were among the topics discussed at the event Inspiring Women in Business, organized by La French Tech Bucharest. Making it to a […]
More than half of the elderly people in urban areas in Romania face loneliness, and almost 310,000 of them experience it at a high level, according to a study conducted by the Association Never Alone, Friends of the Elderly, in partnership with Kantar Romania. The study, carried out in August 2025 on a representative sample […]
Square 7, part of retail park investor M Core, officially inaugurated its new Bucharest office last week, marking an important milestone for the company. More than 150 guests joined the event, including partners, collaborators, and team members. M Core is a family of property investment and management companies comprising LCP, Sheet Anchor, Proudreed, and Sheet […]
Real estate developer Hagag Europe Development has expanded its Romanian operations into the energy sector with the acquisition of BTD Distribuție și Furnizare, a local company specializing in natural gas infrastructure, distribution, and supply. The company has opened a new local division - Hagag Energy - and announced plans to invest more than EUR 400 […]
