Fitch Ratings announced on December 17 that it revised the outlook on Romania's long-term forex Issuer Default Rating (IDR) to negative from stable while affirming the IDR at the latest investment-grade level (BBB-).
"Political uncertainty has increased to high levels, and our assessment is that it will likely have a significant adverse effect on fiscal consolidation," the rating agency
Poiana Brașov, one of the most popular winter destinations in Romania, kicked off its ski season on Wednesday, December 18. At first, skiing will be available on all slopes in the upper area of the Postăvarul massif, on the beginner's slope Stadion, and, depending on weather conditions and slope preparations, on the slope Bradul. In […]
Romania is set to become a key player in advanced optical technology with the creation of a High-Power Optics Center at Măgurele, within the Extreme Light Infrastructure - Nuclear Physics (ELI-NP) research facility. The investment, worth RON 193 million, will enable the production of optical components valued at EUR 1 million each, according to the […]
Russia launched cyberattacks “aimed at influencing the fairness of the electoral process” and “the public agenda through the use of artificial intelligence and aggressive online promotion,” according to Mihai Weber, head of the parliamentary committee for the oversight of the Foreign Intelligence Service, or SIE. The statements were made on Tuesday, December 17, following a […]
Distributie Energie Electrica Romania (DEER), the distribution operator within the Electrica Group, has taken a loan worth EUR 200 million from the European Investment Bank (EIB) to upgrade its electricity distribution network covering 40% of Romania and serving approximately 4 million households and businesses. The loan, which can be disbursed in euro or lei, will […]
Alexandru Pişcan, the Romanian citizen accused by the Directorate for Investigating Organized Crime and Terrorism (DIICOT) of espionage on behalf of Russia, has been sentenced to five years and six months in prison for treason, Agerpres reported. The Bucharest Court of Appeal gave the verdict after Pişcan...
A bit of outdoor fun, concerts, and a drop of magic – we list below some of the going-out options available this holiday season in Bucharest. Visit the Christmas markets Hot chocolate and mulled wine, concerts, Ferris wheels, and visits from Santa Claus, the various Christmas markets open throughout Bucharest are the festive season's highlights, […]
