The Fitch agency reconfirms Bucharest's individual credit profile at level "a", three notches above Romania's rating, announced Bucharest's mayor, Nicusor Dan.This evaluation reflects "the financial stability of the capital and the seriousness of the local administration, demonstrating the constant efforts to maintain a responsible management of public resources", the general mayor wrote on Thursday on Facebook."According to the report, the Risk Profile of the Municipality of Bucharest remains at the 'Medium' level, without being affected by the rating action. The Key Risk Factors and the Standalone Credit Profile remain unchanged, which confirms the financial robustness of the city. The only change is the perspective rating, adjusted according to the national rating, because cities cannot receive a rating higher than that of the Romanian state. This situation underlines an essential truth: in order for Bucharest to prosper and build a healthy economy, Romania must function as a whole. It is imperative that the Government regain the trust of the financial markets and provide the necessary stability for local and national development," Dan added.
More than 680 houses in Suceava country and 170 houses in Neamţ county were impacted in the flash floods that hit northeastern Romania at the end of last week. Forty-one houses were completely destroyed, Raed Arafat, the head of the Department for Emergency Situations (DSU), announced on Friday, August 1. Three people were killed in […]
Romanian justice minister Radu Marinescu said on Thursday, July 31, that harsher penalties are being considered for violence against women and domestic violence, including the criminalization of femicide. The minister said that Romania currently has legislation that is fairly adequate, in line with European standards, for combating violence, including domestic violence. He also said that […]
Via Transilvanica, the long-distance trail that crosses the country, will apply to be the first accredited long-distance route in Romania after the government issued the methodological norms regulating the hiking trails of national interest. Tășuleasa Social, the non-profit that developed the trail, called the recently issued norms "a huge step that transforms a bold idea into...
Former prime minister and Social Democratic leader Marcel Ciolacu stated that he does not rule out a candidacy for the presidency of the Buzău County Council, after rumors to that end. PSD Buzău president Romeo Lungu had previously told journalists that discussions are underway for the former prime minister to run for the Buzău County […]
The Balneo-Physiotherapy Clinic in the Călimănești resort town, southern Romania, will undergo rehabilitation with a EUR 10 million financing from the European Union, according to representatives of the Vâlcea County Council. The project implementation period will be 24 months from the completion of the tender for the execution of the works, which include, in addition […]
Bringo, the first personal shopper-based rapid grocery delivery service in Romania, handling over 4,000 daily orders in more than 35 cities, launches a loyalty program that turns shopping into a continuous reward experience. "Beyond functional benefits like discounts, free delivery, or double refunds for SGR packaging collected right at your doorstep, Bringo YOU offers a […]
