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.
Gold has been one of the most sought-after assets for centuries, and in the modern era, it has become a highly popular component of investment portfolios. A preferred asset for protection against economic risks, gold has delivered attractive long-term returns, increasing by approximately 8% per year over the past two decades. Since the end of […]
JTI Romania is the Top Employer for the 12th year in a row, being ranked third amongst 44 companies locally awarded, after an assessment conducted by the Top Employers Institute. The company was rated for about 20 criteria such as leadership, talent acquisition, on-boarding, digital HR, work environment, career development, learning, ethics & integrity, diversity, […]
Romanian defense minister Angel Tîlvăr stated that the contract for the Patriot system, which will replace the one ceded by Romania to Ukraine, is expected to be signed in February. The minister commended the decision of the United State government to approve the delivery of three Patriot systems to Romania. Raytheon stated it will collaborate […]
Romanian companies are entering 2025 with cautious optimism, focusing on managing risks and controlling costs, according to the Deloitte 2025 Romania CFO Survey conducted at the end of last year among approximately 130 Chief Financial Officers (CFOs). Most of the Romanian CFOs predict an increase in revenues for this year (58%), but their share has […]
Several employees of the Romanian Senate began protesting and booing while the president of the upper Chamber was announcing that staff restructuring would be implemented to reduce public spending. Ilie Bolojan, president of the National Liberal Party and head of the Senate, announced a reduction in the organizational chart from 796 positions to 618 positions. […]
The members of the Romanian angel investor network TechAngels put EUR 2.757 million in direct investments in tech startups in the second half of 2024, almost triple the amount invested in the year's first half. The investments for the entire 2024 rose to EUR 3.777 million, a 25% year-on-year increase. The rounds backed by TechAngels […]
