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.
On November 20th, 2025, the Bucharest Stock Exchange (BVB) celebrated 30 years since its reopening, organizing a series of anniversary events along with various representatives of the Romanian capital market. Three decades ago, the first transactions took place on the BVB, and the Romanian investment landscape as we know it today began to take shape. […]
With the holidays just around the corner, we’ve created the new Collection of Boromir Infused Cozonac with natural vanilla syrup and pistachio. Unique, slightly moist, and richly filled, our latest assortments of Boromir Infused Cozonac make every festive moment with your loved ones even more special. Each bite melts in your mouth, bringing warmth, comfort, […]
Romanian airline AnimaWings announced on Friday, November 21, that starting in 2026, it will operate five new air routes from Timișoara International Airport, serving holiday destinations in Italy and Greece. The new connections include Athens (ATH), Olbia – Sardinia (OLB), Kefalonia (EFL), Thessaloniki (SKG), and Kavala (KVA). “We want Timișoara to become a reference point […]
President Nicușor Dan promulgated a law establishing October 29 as Queen Marie Day, following the bill’s adoption by the Chamber of Deputies on October 28, news agency Agerpres reported. The new law designates the date as a day dedicated to commemorating the life and historical contribution of Queen Marie of Romania. On October 29, public […]
Horaţiu Potra, the mercenary leader with alleged ties to Russia who previously fled Romania, was placed under preventive arrest for 30 days after his extradition from Dubai. He is investigated for attempted actions against the constitutional order, violation of the regime of weapons and ammunition, and violation of the regime of explosive materials. The same preventive […]
Nicușor Dan is the political figure in whom Bucharest residents have the most trust, according to a survey by INSCOP Research. The former mayor, now head of state, is followed by prime minister Ilie Bolojan. More precisely, 44.2% of the total sample state that they have quite a lot or very much trust in Nicușor […]
