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.
Far-right opposition parties AUR, SOS Romania, and POT submitted to parliament a no-confidence motion against prime minister Marcel Ciolacu's government on Tuesday, February 25. USR, also in opposition, did not sign the motion. The document initiating the no-confidence motion was signed by 154 parliamentarians from AUR, SOS Romania, and POT, Europa Libera Romania reported....
Romania's mergers and acquisitions (M&A) market maintained strong momentum in 2024, securing its position as the second most active in Central and Eastern Europe (CEE), according to an analysis by Deloitte Romania. With 151 transactions of over EUR 5 million, whose total estimated value is between EUR 5.7 and 6.1 billion and EUR 5.2 billion, […]
Footprints AI, a Romanian technology company developing and commercializing an advanced retail-media and retail-data-insights platform, has attracted a EUR 2.3 million investment to support its international expansion and accelerate technological development. The funding round was led by Catalyst Romania, with a contribution of EUR 1.5 million. SeedBlink, the European equity crowdfunding platform, also contributed to […]
Romania's national airline Tarom said that the announced strike of Greek air traffic controllers, which is set to last 24 hours from February 27 at 22:00 until February 28 at 21:59, will also impact its schedule. Thus, the air carrier stated that flight RO273 between Bucharest and Athens on Friday, February 28, will be canceled. […]
Authorities in Romania have uncovered alarming conditions in over 250 care homes for the elderly and people with disabilities, including minors, following a series of inspections led by the National Authority for Consumer Protection (ANPC). The checks, carried out in collaboration with several state institutions, revealed severe violations of hygiene and food safety regulations. Inspectors […]
A team of international researchers has uncovered two new species of dinosaurs in Romania's Hațeg Basin, part of the UNESCO Global Geopark Țara Hațegului, the University of Bucharest announced. The discovery, led by Dr. Verónica Díez Díaz from the Museum für Naturkunde Berlin, sheds new...
