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.
Step into 2025 with music, excitement, and unforgettable performances! New Year’s Eve at JW Marriott Bucharest Grand Hotel is not just a celebration – it’s a grand spectacle where world-class entertainment, live music, and vibrant energy come together for a night to remember. This year, we’ve curated a sensational lineup of artists and performers to […]
The Bucharest Police recently announced that the city will host several commemorative ceremonies marking 35 years since the Romanian Revolution of December 1989, causing traffic restrictions around the city. The restrictions will be in place from Friday to Sunday, December 20-22, 2024. On Friday, December 20, at around 10:00 AM, a religious/military ceremony with wreath-laying […]
Alex Florența, the General Prosecutor of Romania, said on Friday, December 20, that harsher punishments are needed to combat incitement to violence and Legionnaire propaganda (related to Mișcarea Legionară, a Romanian interwar fascist movement) in public spaces effectively. To that end, the office of the General Prosecutor will propose new measures to combat such phenomena. However, […]
Dennis Lloyd, Inna, Damian & Brothers, and Killa Fonic are among the artists who will perform at Flight Festival 2025. The festival is scheduled to take place between June 20 and June 22 at Timișoara’s Banat Village Museum. For three days, the venue “will open its doors for an experience that combines music, nature, and […]
Around 67% of Romanians believe that the economic situation will worsen, 7% higher than the previous year, according to the EY Consumer Index Romania 2024. Findings suggest a challenging start of 2025 both economically and politically in Romania. Additionally, in 2024, more than half of respondents (59%) were extremely concerned about conflicts and external wars. […]
Polish LuxVet Group has acquired the Bucharest veterinary clinic RegalVet. The acquisition brings LuxVet’s local portfolio to five clinics and hospitals, one year after entering the local market. RegalVet Veterinary Clinic, which offers non-stop veterinary care, specializes in emergency veterinary medicine and surgery. The clinic employs ten qualified specialists, including veterinarians, technicians, and administrative staff. […]
